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‘s Mendis named ICC emerging player of the year
DUBAI, September 10, 2008 (AFP) – Sri Lanka’s new spin sensation Ajantha Mendis was named as the International Cricket Council (ICC) emerging player of the year at an awards ceremony here Wednesday.Players eligible for this award must be under 26 years of age at the start of the voting period (August 9 2007) and have […]
Exploration Spend
Sep 11, 2008 (LBO) – Cairn India said its Sri Lanka unit had signed a deal with Sri Lanka’s investment promotion office to cover a 110 million US dollar oil exploration program. The company was given an off-shore exploration block in the north western Mannar Basin of the island. “The Mannar basin is a frontier […]
Sri Lanka treasuries rates edge lower
Sept 10, 2008 (LBO) – Sri Lanka’s 12-month treasury bill yield fell 16 basis points to an average of 18.34 percent and 6-month bills fell 30 basis points to 17.45 percent at Wednesday’s auction, the government’s debt office said. The debt office which is a unit of the central bank said 8,000 million rupees of […]
Bunker Business
Sept 10, 2008 (LBO) – Sri Lanka’s John Keells group said its bunkering unit Lanka Marine Services (LMS) will continue to supply bunkers at Colombo port with a tanker and would also use the proposed common user facility to continue in business. “LMS will also continue to provide bonded storage and delivery services of marine […]
Small blast on railway track near Sri Lanka capital: police
September 10, 2008 (AFP) – A bomb exploded on a railway track just outside Sri Lanka’s capital on Wednesday, police said, adding that there were no casualties. The blast created a small crater, but there was little damage, a police official at the scene said. There were no trains in the area at the time […]
Sri Lanka relief move endangers trapped civilians: Amnesty
September 10, 2008 (AFP) – Sri Lanka’s move to evict relief workers from its embattled north worsens the humanitarian situation for tens of thousands of civilians who rely on aid, Amnesty International said Wednesday. The London-based rights group said the Colombo government lacked the capacity to provide basic essentials and safety for those who have […]
UN chief alarmed by worsening strife in Sri Lanka
UNITED NATIONS, September 9, 2008 (AFP) – UN leader Ban Ki-moon expressed alarm Tuesday over escalating strife between government troops and rebels in northern Sri Lanka and reminded the parties of their obligations to ensure the safety of civilians. “The secretary general expresses his deep concern over the increased hostilities in northern Sri Lanka, and […]
Sri Lankan Airlines on new direction to trim fuel
Sept 10, 2008 (LBO) – Sri Lankan Airlines says it is cutting fuel use by making clean landing approaches at its home base in Colombo and through a series of efficiency measures devised in house and with international advice. To recieve instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Lehman Brothers in freefall as hopes fade for new capital
NEW YORK, September 9, 2008 (AFP) – Shares of Lehman Brothers went into a freefall Tuesday as hopes faded for an injection of fresh capital for the ailing Wall Street investment bank, analysts said. Lehman, one of Wall Street’s most prominent investment firms, saw its shares tumble 44.95 percent to end at 7.79. The shares […]
OPEC a spectator as oil sinks below US$100
VIENNA, September 9, 2008 (AFP) – Oil prices dipped below 100 dollars for the first time since April on Tuesday as OPEC met in Vienna, with pressure growing within the exporter group for Saudi Arabia to rein in its production. OPEC is expected to announce an unchanged production policy that in theory binds 12 of […]