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” mentality: President Rajapakse
April 08, 2008 (LBO) – Sri Lankans should stop thinking themselves as being ‘poor’ and develop a mentality that they are stakeholders with some means in taking the country forward, President Mahinda Rajapakse said. In 2007 Sri Lanka’s economy expanded by an estimated 6.8 percent against 7.7 percent a year earlier. “We have two big […]
Sri Lanka asks World Bank to fund highway to Jaffna
April 08, 2008 (LBO) – Sri Lanka has asked the World Bank to fund a highway to the northern Jaffna peninsular, which is now cut off from the rest of the island by a stretch of land held by Tamil Tiger guerrillas, a top official said. The A-9 highway starts from Kandy in the central […]
Sun Rise
April 07, 2008 (LBO) – Sri Lanka’s ABC Radio network is hoping to get back on air shortly after authorities re-issued some of its licenses and frequencies, a top official said. The network ran five radio channels which were shut down by the government over a report it broadcast about Tamil Tiger activity in the […]
Indian Call
April 07, 2008 (LBO) – India’s Reliance group is getting into Sri Lanka’s telecom sector by forming a joint venture up with the island’s Electroteks group, a media report said. Reliance Communications (RCom) would take up a 74 percent stake in the proposed joint venture unit – Reliance Mobile Lanka – in which Electroteks owns […]
Gulf countries want single currency target as dollar peg inflation goes up
DOHA, April 6, 2008 (AFP) – Gulf central bank chiefs decided on Sunday to stick to their target date of 2010 for a single currency and did not discuss revaluing their dollar-pegged currencies against the tumbling greenback, officials said. “We are committed to the decision taken by the (Gulf Cooperation Council) summit that 2010 is […]
Sri Lanka captain says batting meltdown hurt chances
PORT OF SPAIN, Trinidad, April 7, 2008 (AFP) – Sri Lanka captain Mahela Jayawardene has identified his side’s batting meltdown early in their second innings as the turning point in the second and final Test against West Indies which ended on Sunday.Ramnaresh Sarwan hit 102 and Shivnarine Chanderpaul was unbeaten on 86, as West Indies, […]
Victorious Windies deny Sri Lanka Test sweep
PORT OF SPAIN, Trinidad, April 6, 2008 (AFP) – Sri Lanka failed in their bid to win a Test series in the Caribbean for the first time when Ramnaresh Sarwan and Shivnarine Chanderpaul led the West Indies to a six-wicket victory in the second and final Test on Sunday. Sarwan hit 102, his 10th Test […]
Sri Lanka suicide bombing prompts calls for political solution
April 07, 2008 (LBO) – The United States, European Union and Canada have condemned Sunday’s Tamil Tiger suicide bombing which killed a Sri Lankan minister, saying only a political solution, not violence, would ensure peace. “The United States denounces this vicious and reprehensible terrorist attack on civilians in the strongest possible terms,” a US embassy […]
Tamil Tigers set up presence in US: report
WASHINGTON, April 7, 2008 (AFP) – The Tamil Tigers, a Sri Lankan rebel group responsible of killing about 4,000 people in the past two years, have quietly established a US presence to help finance their separatist campaigns, The Washington Times reported Monday. Citing various US government sources, the newspaper said the organization was trying to […]
Commodity bubble may burst warns IMF, what will happen to Sri Lanka tea
April 07, 2008 (LBO) – The International Monetary Fund has warned that the current commodity bubble, perhaps the biggest in four decades, which has sent oil, metals and food prices zooming may burst soon as a global credit bubble unwinds rapidly. . A crumbling commodity bubble, while lowering oil and imported food prices could reduce […]