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Sri Lanka upset Australia
MELBOURNE, Feb 29, 2008 (AFP) – Australia’s Adam Gilchrist smashed a blistering 83 in his farewell appearance at the MCG but his teammates collapsed to hand Sri Lanka an unlikely 13-run win here on Friday. The tourists, in their final match of the tri-series, made 221, and Australia looked well set when Gilchrist launched an […]
Sri Lanka troops find three suicide jackets following blast
Feb 29, 2008 (AFP) – A Tamil Tiger suicide bomber blew himself up on Friday injuring seven people as police moved in to search his house in the Sri Lankan capital, police and military officials said. Casualty figures provided by both sides differ vastly and cannot be independently verified. The government bars journalists and human […]
Sri Lanka blast a suicide bombing: military
Feb 29, 2008 (LBO) – A Tamil Tiger suicide bomber triggered a bomb during a search operation in Colombo’s Kotahena area and a pistol and ammunition had been recovered in subsequent search operations, the military said. There has been intense fighting in the Mannar area on the northwest of the island in recent weeks. Updated […]
Sri Lanka bomb blast injures seven
Feb 28, 2008 (LBO) – A bomb exploded during a search operation in the Kotahena area of Sri Lanka’s capital Colombo Friday morning, injuring four police officers and three civilians, police said. There has been intense fighting in the Mannar area on the northwest of the island in recent weeks. The capital is under tight […]
Blast rocks Sri Lanka capital: police
Feb 29, 2008 (AFP) – A powerful explosion ripped through a house in Sri Lanka’s capital Colombo early Friday, police said, adding that at least seven people were wounded.“At least seven people were taken to hospital after the blast,” a police official at the scene said. The blast came as the authorities had stepped up […]
Sri Lanka inflation increases to 21.6 percent in February
Feb 29, 2008 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 21.6 percent in the 12-months to February from 20.8 percent, with the index gaining 2.8 percent in the past month, while an older index showed a 0.7 percent increase. In the first half of 2007 the monetary authority was successful in combating […]
South Asia gets more FDI despite problems; political risk in Pakistan, Sri Lanka, Afghanistan
MANILA, Feb 29, 2008 (AFP) – Robust near-term economic growth should drive strong foreign direct investment flows into South Asia despite corruption, poor infrastructure, rigid labour laws and civil unrest, the Asian Development Bank said Friday.FDI flows into the Indian sub-continent had risen rapidly since 2004, growing by 132.9 percent in 2006 to 24.3 billion […]
Sri Lanka syndicated loan hopefuls talk joint deal
Feb 28, 2008 (LBO) – Five foreign banks who bid to syndicate a 300 million US dollar loan for Sri Lanka are discussing an alternative deal to club together and find the money, bankers said. . Sri Lanka’s central bank, which manages the island’s public debt office, invited foreign banks to arrange a 5-year dollar […]
Road Bid
Feb 28, 2008 (LBO) – A joint venture between Sri Lanka’s International Construction Consortium (ICC) and China Harbour has a won 2.4 billion rupee deal to build section of the highway leading to a northeast of the island, a senior minister said. The contract floated by Sri Lanka’s Road Development Authority is funded by an […]
Hill Roads
Feb 28, 2008 (LBO) – Access routes and the road network in Sri Lanka’s central hill city of Kandy will get a billion rupee spruce-up ahead of a regional meeting of heads of state scheduled for next year, a senior minister said. The government was planning to rehabilitate the main access road from Colombo, and […]