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Sri Lanka war risk insurance rating lowered
June 19, 2009 (LBO) – International underwriters in London have lowered the war risk rating for Sri Lanka following the defeat by government forces of Tamil Tigers, paving the way for reducing insurance premiums on sea and air cargo. Sri Lanka is the global war risk list. The underwriters still have not reduced the surcharge […]
‘s Mendis confident he remains a mystery
LONDON, June 18, 2009 (AFP) – Unorthodox Sri Lanka spinner Ajantha Mendis insisted Thursday ahead of the World Twenty20 semi-final with the West Indies that “no batsman has figured me out yet”. Mendis had to undergo surgery to remove shrapnel from his scalp and back following March’s attack by armed militants on Sri Lanka’s team […]
Sri Lanka buys US218mn from forex markets in June: CB Governor
June 18, 2009 (LBO) – Sri Lanka’s central bank has bought 218 million US dollars from forex markets so far in June on top of 160 million US dollars bought during the last two months, Central Bank Governor Nivard Cabraal said. Since a float of the rupee in March ahead of an International Monetary Fund […]
Sri Lankan stocks up 2.4-pct
June 18, 2009 (LBO) – Sri Lankan stocks extended gains Thursday closing up 2.4 percent with heavy trading on conglomerate John Keells Holdings (JKH) and financial sector companies activating the market, brokers said. The market has grown 59.9 perecent year to date, brokers said. The benchmark Colombo All Share Price Index closed up 2.41 percent […]
Fin
June 18, 2009 (AFP) – Sri Lanka’s top rights panel said Thursday it has concluded investigations into the murder of 17 local employees of a French charity and six other high profile cases from the island’s civil war.The head of the probe, however, refused to say who had been found responsible for the 2006 massacre […]
Doomed mammoths hung on for several millennia: study
PARIS, June 17, 2009 (AFP) – Woolly mammoths survived in Britain until 14,000 years ago, around 6,000 years longer than previously thought, according to a study released Thursday.The study should settle a raging debate over the extinction of mammoths in Europe, unleashed when fossils from an adult male and four youngsters were found in the […]
India enters deflation as economy slows
NEW DELHI, June 18, 2009 (AFP) – India’s annual inflation rate slipped into negative territory, official data showed Thursday, with the country’s slowing economy cutting into demand.Inflation stood at minus 1.61 percent for the week ended June 6, down from 0.13 percent the previous week, according to the Wholesale Price Index, India’s most watched cost-of-living […]
Pakistan arrests Sri Lanka cricket attack suspect: police
LAHORE, June 17, 2009 (AFP) – Pakistani police said Wednesday they had arrested one of seven men from a shadowy Taliban-linked group accused of plotting the deadly attack on the Sri Lankan cricket team in Lahore.Six policemen and two civilians were killed and seven Sri Lankan squad members were injured when militants launched a gun […]
Flair all round as Sri Lanka face Windies
LONDON, June 18, 2009 (AFP) – West Indies are confident of chasing nearly any total in this event; Sri Lanka believe there is no score they can’t defend.Clearly, something will have to give in their World Twenty20 semi-final. Friday’s match at the Oval sees two exciting sides up against one another and, while Sri Lanka […]
South Bunker
June 18, (LBO) – Sri Lanka is getting a 65 million US dollars loan from China’s Exim Bank to build an oil storage facility in the Southern coastal town of Hambantota, a senior government minister said. “The objective of this project is to supply and store marine fuel, aviation fuel and LP gas and provide […]