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Bangladesh says pirates steering ship towards Somalia
DHAKA, December 6, 2010 (AFP) – A Bangladeshi-flagged vessel hijacked by pirates in the Arabian Sea off the coast of India was heading towards the Somali coast on Monday, the head of Bangladesh’s shipping department said. Officials said Bangladesh’s shipping department had also contacted a British anti-piracy office in Dubai and a regional anti-piracy office […]
Sammy hails Bravo as Sri Lanka series drawn
PALLEKELE, December 5, 2010 (AFP) – West Indies captain Darren Sammy said Darren Bravo’s highly impressive performances were chief among a number of plus points his team could take from the drawn Test series against Sri Lanka. The three-match series ended 0-0 on Sunday following rain-hit Tests in Galle, Colombo and Pallekele and they now […]
Sri Lanka economic growth projected at 8.0-pct in 2010
Dec 06, 2010 (LBO) – Sri Lanka’s full-year economic growth for 2010 is estimated at 8. 0 percent is based on the latest data, Central Bank Governor Nivard Cabraal said, firming an earlier forecast of 7.5 to 8.0 percent. “It is estimated by our statistics team that Sri Lanka will record a growth of 8. […]
Sri Lanka targets low inflation, low poverty, high employment: CB Governor
Dec 06, 2010 (LBO) – Sri Lanka is hoping to bring down unemployment lower than the current 5. 2 percent and keep inflation and interest rates low to bring down poverty with higher growth, Central Bank Governor Nivard Cabraal said. “Poverty to has been brought down to 7.6 percent which would have taken many poeple […]
Asset Realization
Dec 05, 2010 (LBO) – Sri Lanka’s Supreme Court which is hearing a case on liquidating assets of a failed financial firm has approved the sale of hotel to repay depositors, a media report said. Ceysands and Golden Key are in Sri Lanka’s Ceylinco group. Golden Key depositors are said to be owed between 13 […]
‘s workforce boom is a mixed blessing: experts
NEW DELHI, December 5, 2010 (AFP) – An explosion of working-age people in India could serve as an engine of economic growth — or bring social turmoil, experts say. Over the next two decades, India’s working-age population will increase by 240 million — four times the entire population of Britain — according to investment house […]
Credit Upturn
Dec 04, 2010 (LBO) – Sri Lanka’s loans to private citizens from commercial banks grew 15. 5 percent to 1,361.5 billion rupees in September from a year earlier while credit to government grew at a slower 6. 8 percent. After contracting in 2009, credit to private business had grown 165 billion rupees. In the month […]
Spanish judge jails three Pakistanis in forgery probe
MADRID, December 3, 2010 (AFP) – A judge in Spain Friday remanded in custody three of seven people arrested in an operation against a gang suspected of forging passports for Al-Qaeda-linked groups, court sources said. These included the 2004 Madrid bombings, when blasts on packed commuter trains in a city suburb killed 191 people and […]
‘s top hydro reservoir starts to spill
Dec 04, 2010 (LBO) – Sri Lanka’s Victoria reservoir in the Mahaweli river started to spill Saturday for the first time since 2006 amid heavy rains lashing the island, raising the possibility that downstream reservoirs may also spill. Water then flows to Randenigala lower in the cascade. The reservoir is about three meters below. It […]
‘s Herath shines on rain-hit day
PALLEKELE, December 4, 2010 (AFP) – Sri Lanka’s Rangana Herath bagged three wickets in five overs before the West Indies reached 303-8 in their first innings on the penultimate day of the third and final Test on Saturday. Sulieman Benn was unbeaten on 29 with the help of two sixes and Kemar Roach on 12 […]