All Blogs
Sri Lankan and Malaysia Airlines in new code share deal
June 23, 2009 (LBO) – Sri Lankan Airlines has expanded its code share deal with Malaysian Airlines increasing its reach to the United States, Australia and Asia-Pacific sectors, the airline said. Members of Malaysia Airlines and SriLankan FlySmiLes frequent flyer programs can earn points on either airline. The codeshare is effective from June, 205 2009 […]
British insurer Aviva to sell Australian unit
LONDON, June 22, 2009 (AFP) – British insurance giant Aviva on Monday said it has agreed to sell its Australian life and pensions business to National Australia Bank (NAB) for 452 million pounds (742 million US dollars, 535 million euros). “The decision to sell … is based on the belief that it would be challenging […]
Yousuf, Razzaq return to Pakistan squad for Sri Lanka
KARACHI, June 22, 2009 (AFP) – World Twenty20 champions Pakistan on Monday unveiled the 15-man squad to tour Sri Lanka next week, including in the line-up pardoned rebel Indian league players Mohammad Yousuf and Abdul Razzaq. Both Razzaq and Yousuf risked their international careers when they played in the Indian Cricket League (ICL), which is […]
Sri Lanka foreign reserves inch up in April
June 22, 2009 (LBO) – Sri Lanka’s official external reserves without advances to domestic banks had increased 59 million US dollars to 1,131 million US dollars in April from 1,072 million US dollars in March, the Central Bank said. Remittances were 228 million US dollars more than the trade deficit, the Central Bank said As […]
Sri Lankan stocks fall as investors take profits
June 22, 2009 (LBO) – Sri Lankan shares closed down Monday due to profit taking by retail investors, interrupting the previous week’s bull-run and while John Keells Holdings (JKH) continued to be actively traded, brokers said. The benchmark Colombo All Share Price Index closed down 0.39 percent (9.66 points) to end at 2,447.20 while the […]
Dispute Resolution
June 22, 2009 (LBO) – Sri Lanka is hosting an international conference on arbitration with the Singapore International Arbitration centre on June 27, the island’s Association of Corporate Lawyers (ACL) said. Held under the theme of ‘Transnational Perspectives on Arbitration’, the conference is targeted at arbitrators, in-house counsel, litigators, legal officers, government officials, banks and […]
‘s external trade contracts in April
June 22, 2009 (LBO) – Sri Lanka exports fell 28.2 percent in April to 437.6 million US dollars from a year ago, imports fell 53.2 percent to 604.3 million dollars, shrinking the trade deficit 75.9 percent to 166.7 million dollars, the Central Bank said. In the 4-months to April, exports were down 16.2 percent to […]
Tests still pinnacle, says Sri Lanka skipper Sangakkara
LONDON, June 22, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara put aside the hype over Twenty20 on Monday and declared that Test cricket remains the pinnacle of the sport. “I think Twenty20 should enhance Test cricket; Tests should have prime importance,” said Sangakkara after his team lost by eight wickets to Pakistan in the […]
‘s Dilshan named player of World Twenty20
LONDON, June 21, 2009 (AFP) – Sri Lanka batsman Tillakaratne Dilshan was on Sunday named as the player of the tournament at the World Twenty20 despite being dismissed for nought in the eight-wicket final defeat to Pakistan. Opening the innings throughout the tournament, Dilshan scored a total of 317 runs at a strike-rate of 144.74 […]
Fired-up Pakistan lift World T20 title
LONDON, June 21, 2009 (AFP) – Pakistan won their first major title in 17 years when they stunned Sri Lanka by eight wickets in the World Twenty20 final at a sell-out Lord’s here on Sunday. Seamer Abdur Razzaq claimed three wickets as Pakistan bowled and fielded aggressively to restrict Sri Lanka to 138-6, then coasted […]