All Blogs
Sri Lanka jolted by Harbhajan spin
GALLE, August 1, 2008 (AFP) – Harbhajan Singh bagged four quick wickets in a magnificent spell to put Sri Lanka under pressure in the second Test against India here on Friday.The off-spinner (4-71) removed well-set Kumar Sangakkara and Malinda Warnapura in successive overs before Sri Lanka struggled to reach 215-5 in their first innings at […]
Sri Lanka steady with Warnapura, Sangakkara
GALLE, August 1, 2008 (AFP) – Kumar Sangakkara and Malinda Warnapura hit impressive half-centuries to help Sri Lanka reach 126-1 in the first innings at tea in reply to India’s 329 in the second Test here on Friday.Warnapura was unbeaten on 60 and Sangakkara on 59 not out at the break to steady the innings […]
Sri Lanka second Test sees Sehwag, Mendis sharing limelight
GALLE, August 1, 2008 (AFP) – Virender Sehwag completed a brilliant double-century to help India post 329 in the first innings on the second day of the second Test against Sri Lanka here on Friday. The explosive opener carried his bat through the innings to remain unbeaten on 201, becoming in the process only the […]
Sri Lanka hit back after Sehwag misses rare feat
GALLE, July 31, 2008 (AFP) – Ajantha Mendis and Chaminda Vaas led Sri Lanka’s fight back after Indian opener Virender Sehwag missed out on a rare feat of scoring a century before lunch in the second Test here on Thursday.Sehwag was unbeaten on 91 at the lunch-break before hammering a robust 128 not out for […]
Indian Prime Minister Manmohan Singh arrives in Sri Lanka
Aug 1, 2008 (LBO) – Indian Prime Minister Manmohan Singh landed in Sri Lanka to attend the 15th Summit meeting of the South Asian Association of Regional Co-operation to be held in Colombo this weekend. The city has been under tight security pending the arrival of regional leaders. Prime minister Singh arrived in the island […]
Sri Lanka stocks lifted by telecom gains
July 31, 2008 (LBO) – Sri Lankan stocks closed higher Thursday lifted by gains in telecom heavyweights after the dominant fixed line operator Sri Lanka Telecom (SLT) reported a surprise jump in June quarter profits The All Share Price Index gained 1.41 percent (34.27 points) to close at 2,463.41 while the more liquid Milanka went […]
Sri Lanka Telecom share price gains after surprise profit jump
July 31, 2008 (LBO) – Sri Lanka Telecom’s share price rose Thursday after it reported June quarter profit nearly tripled to 1.5 billion rupees helped by its newly profitable mobile subsidiary.The stock was up 3.33 percent or 1.50 to 46.50 rupees around 1.00 p.m. on the Colombo stock exchange, after hitting a high of 47.50, […]
Bank Trends
July 31, 2008 (LBO) – Sri Lanka’s Nations Trust Bank (NTB) said June quarter net profit rose 54 percent to 141 million rupees from a year ago, with a sharp increase in specific provisioning for bad loans. Gross income went up 34 percent to nearly 3.3 billion rupees, the bank said in interim results released […]
Two decades on, South Asian grouping still to prove relevance
July 31, 2008 (AFP) – South Asian leaders are set for a weekend summit in Colombo where they are expected to repeat pious platitudes, highlighting that the 23-year-old regional grouping has little to show by way of economic progress. Observers compare summits to movie productions, but the script has changed little since the first SAARC […]
Sri Lanka insurance regulator cracks down on misleading ads
July 31, 2008 (LBO) – The Insurance Board of Sri Lanka has revealed it had warned several insurance firms that violated regulations and also resorted to advertising campaigns that misled the public.The Board said it issued warnings to two insurers, one violating rules on investments in government securities; and the other for having granted loans […]