All Blogs
Sangakkara hundred helps Sri Lanka beat Bangladesh
KARACHI, June 25, 2008 (AFP) – Wicket-keeper batsman Kumar Sangakkara hit a brilliant century to help Sri Lanka down Bangladesh by 131 runs in their Group A Asia Cup match here on Wednesday.The 30-year-old left-hander notched 101 for his seventh one-day hundred to propel the defending champions to 357-9 in their 50 overs before restricting […]
Fuel Row
June 26, 2008 (LBO) – Indian Oil Corporation’s Sri Lanka unit has decided to drop its diesel retail price to match that of the dominant state-owned refiner after threats by government to take over its outlets. The fuel retailers sell diesel at a subsidised price and try to cover the losses through profits on petrol […]
Sri Lanka debt burden cause for worry: RAM Ratings
June 26, 2008 (LBO) – Sri Lanka’s debt burden is a cause for concern with resort to foreign borrowings only providing temporary relief in bridging the fiscal deficit, RAM Ratings (Lanka) said. The rating agency said the growing loan interest payments are also of some concern for overall government finances especially at the prevailing higher […]
Sri Lanka tsunami survivors revive livelihoods with ILO support
June 26, 2008 (LBO) – The International Labour Organisation (ILO) and Belgian government have helped tsunami survivors in eastern Sri Lanka rebuild their lives through self-employment schemes, a senior official said. The ILO’s CB-TREE (community-based training for economic empowerment) methodology has helped restore livelihoods and revival of the local economy of the Amparai district, said […]
Sri Lanka says economic sanctions no help in fighting terror
June 26, 2008 (LBO) – Economic pressure on Sri Lanka by the international community at a time when the Tamil Tigers are targeting the economy is not helping in the struggle against terror, a senior diplomat has said. Foreign Affairs Ministry secretary Palitha Kohona said the Tamil Tigers, consistent with the strategy of other terrorist […]
‘s Dhammika Perera buys more Hayleys
June 25, 2008 (LBO) – Sri Lanka stocks closed flat Wednesday with Dhammika Perera’s Vallibel group buying more Hayleys shares and further increasing their stake in the conglomerate to 14.74 percent, brokers said. The overall market was barely changed with the All Share Price Index down 0.06 percent (1.41 points) to end at 2,479.92 while […]
Sri Lanka US embassy closed after “suspicious powder” found
June 25, 2008 (LBO) – The United States embassy in the Sri Lankan capital Colombo was closed Wednesday after a “suspicious powder” was found, the embassy said in a statement. All visa appointments and routine American citizen services will be postponed until the incident is resolved, it said. It said the suspicious substance will be […]
Sri Lanka says land captured from Tamil Tigers
June 25, 2008 (AFP) – Sri Lanka’s defence ministry said Wednesday that its forces have made some territorial progress in fighting with the Tamil Tigers that it said killed at least 10 guerrillas.Security forces took a three square kilometre (1.15 square miles) area in the district of Mannar on Tuesday, the ministry said, adding that […]
Sri Lankan Airlines adds flights to Middle East
June 25, 2008 (LBO) – Sri Lankan Airlines, the island’s national carrier, said it has increased flights to the Middle East to support government moves to attract more tourists from the region. The state-owned airline said in a statement that weekly flights to the city of Doha had been increased to six from four previously, […]
Sri Lanka stages international gem show to entice buyers
June 25, 2008 (LBO) – Sri Lanka’s international gem and jewellery trade show ‘Facets Sri Lanka’, a key annual event that helps increase the island’s gem exports, is to be held in September this year, its organizers said. A new feature at this year’s show will be competitions to recognize the best gem cutter, best […]