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Chicken tikka masala claims its origins in Scotland
GLASGOW, August 3, 2009 (AFP) – Scotland is known around the world for bagpipes, Scotch whisky, haggis and tartan kilts. But now it is trying to protect a less obviously Scottish treasure: chicken tikka masala.A chef from Glasgow claims he invented the curry dish, and is pressing the European Union to give it “Protected Designation […]
‘s ton
DAMBULLA, August 3, 2009 (AFP) – Mahela Jayawardene hit his first one-day century in two years as Sri Lanka thumped Pakistan by six wickets on Monday to grab a winning 3-0 lead in the five-match series. The former captain made 123 and shared an opening stand of 202 with Upul Tharanga (76) as the hosts […]
Port View
Aug 02, 2009 (LBO) – The recession that triggered a steep slump in shipping may throw up opportunities for Sri Lanka’s Colombo port, a senior official of a company that has bid for a terminal in the harbour said. Dr Parakrama Dissanayake, chairman, Aitken Spence Maritime, part of the Aitken Spence conglomerate, said the recession […]
Wider Spread
Aug 02, 2008 (LBO) – Sri Lanka’s Sampath Bank is expanding to the island’s north and the east helping boost an economic revival in the areas after the end of war three decade war, an official said. Sampath sees more potential in area as already business volumes are moving up. “In the eastern region pawning […]
Baltic states need not devalue; monetary policy consistent with pegs: Steve Hanke
Aug 02, 2009 (LBO) – The Baltic states of Latvia, Estonia and Lithuania are running monetary policy consistent with maintaining their currency pegs, and should adopt the Euro rather than give into devaluation calls, a top monetary economist has said. Some US economists including Paul Krugman and Nouriel Roubini are predicting another wave of defaults […]
‘s military deserters
August 2, 2009 (AFP) – Sri Lanka has offered an amnesty to tens of thousands of soldiers who deserted the army, a spokesman said Sunday, under reforms following the end of the war with separatist Tamil rebels. Brigadier Udaya Nanayakkara said troops who were absent without leave could report back to their units and be […]
Unhedged Constraint
Aug 01, 2009 (LBO) – The Sri Lanka unit of Standard Chartered Bank has retained its ‘AAA(lka)’ rating from Fitch, but the agency said its capital was hurt by a bad loan originating from oil derivative sales to a state-run oil distributor. The rating had a ‘stable’ outlook and reflected the financial strength of Standard […]
Organic Growth
Aug 01, 2009 (LBO) – Software giant Microsoft’s Sri Lanka unit, in the news because of widespread piracy here and its high product prices, is focused on spreading computer literacy to grow its business at double digit rates, officials said. The proprietary software maker, whose operating systems run 90 percent of computers worldwide, only has […]
Kapugedera guides Sri Lanka to victory
DAMBULLA, August 1, 2009 (AFP) – Chamara Kapugedera hit an unbeaten 67 as Sri Lanka overcame early shocks to defeat Pakistan by six wickets in the second one-day international here on Saturday. Thilan Thushara and Muttiah Muralitharan shared five wickets as Sri Lanka bowled out Pakistan for 168 runs and then surpassed the modest target […]
‘ case reported to ICC
KARACHI, August 1, 2009 (AFP) – Pakistan’s cricket board said Saturday it had made a report to the sport’s governing body about bookmakers trying to approach players during its ongoing tour in Sri Lanka.The move followed a report in Pakistan’s leading Urdu daily “Express” earlier this week alleging bookmakers were seen trying to make contact […]