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Sri Lanka blast kills two: police
Dec 28, 2008 (LBO) – At least two people were killed and many more wounded in a powerful bomb attack at a market just outside the Sri Lankan capital on Sunday, AFP reported quoting police.Navy patrols intercepted an LTTE logistic boat off Point Pedro at midnight and opened fire, it said.The bomb went off in […]
Sri Lanka boosted by Jayawardene, Sangakkara
DHAKA, December 28, 2008 (AFP) – Mahela Jayawardene and Kumar Sangakkara hit impressive half-centuries to consolidate Sri Lanka’s position in the opening Test against Bangladesh here on Sunday.Skipper Jayawardene scored an unbeaten 83 and left-handed Sangakkara a solid 67 as Sri Lanka reached 190-3 in their second innings at tea on the third day for […]
Barrelling Down
LONDON, December 28, 2008 (AFP) – Oil prices, which hit record highs above 147 dollars a barrel this year before plunging under 33 dollars, risk slumping more in 2009 as recession curbs the world’s appetite for energy, analysts say. “We expect oil prices in early 2009 to remain under pressure given the weakening demand outlook […]
Car Plan
BEIJING, December 27, 2008 (AFP) – China plans to offer incentives for car owners to scrap their old models in favour of new ones, in a bid to lift the auto industry as it enters a period of crisis, state media said Saturday. The measure is part of a new package being prepared in Beijing […]
Calming Statement
Dec 27, 2008 (LBO) – Sri Lanka’s central bank says it is ready to intervene if there is a risk to a registered or licensed financial institution following reported depositor ‘stress’ at some regulated Ceylinco group companies. Earlier on Saturday Ceylinco group chairman Lalith Kotelawala, said in a public advertisement that the group was selling […]
Bank Sale
Dec 27, 2008 (LBO) – Sri Lanka’s Ceylinco group will exit Seylan Bank, a licensed commercial bank, as part of a strategy to raise funds and repay depositors in a troubled group company, chairman Lalith Kotelawala said in a public statement. Golden Key Credit Card Company failed to repay customers who had placed funds in […]
Sri Lanka steps up air attacks after heavy ground battles: military
December 27, 2008 (AFP) – Sri Lankan war planes carried out attacks against suspected Tamil Tiger strongholds in the island’s north on Saturday as ground forces consolidated newly captured areas, the military said. Fighter jets carried out several sorties over territory held by the Tigers and bombed a suspected rebel meeting place and a boat […]
Sri Lanka troops expand defence lines: military
December 27, 2008 (AFP) – Government forces consolidated their positions in northern Sri Lanka on Saturday, a day after heavy fighting with Tamil Tiger rebels, the military said. In January the Sri Lankan government pulled out of a 2002 Norwegian-brokered truce with the rebels, who have been fighting since 1972 for a state for ethnic […]
Tensions mount as Pakistan shifts troops to Indian border
ISLAMABAD, December 27, 2008 (AFP) – Pakistan has redeployed thousands of troops to the border with India, officials said Friday, in a dramatic escalation of tensions with New Delhi in the wake of the Mumbai attacks.Washington urged the two sides to avoid escalating tensions and said it was touch with both countries. Indian Prime Minister […]
‘s Murali puts Bangladesh in spin
DHAKA, December 27, 2008 (AFP) – Spin wizard Muttiah Muralitharan put Sri Lanka in a commanding position with a five-wicket haul in the opening Test against Bangladesh here on Saturday.The off-spinner grabbed 5-48 — his 66th haul of five or more wickets in a Test innings — as Bangladesh crashed to 177-9 in their first […]