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”: Russian firm
NEW DELHI, Feb 19, 2008 (AFP) – India could soon begin producing “original” Kalashnikov assault rifles under licence and stop buying knock-offs of the ubiquitous weapon, a Russian firm said Tuesday. Speaking at the end of a four-day weapons fair in New Delhi, Izhmash JSC said it was negotiating with India on the local production […]
Platinum breaks through 2,100 dollars for first time
LONDON, Feb 18, 2008 (AFP) – The price of platinum on Monday struck a record high above 2,100 dollars owing to a tight supply situation, dealers said. On the London Platinum and Palladium Market, platinum struck a record 2,119 dollars an ounce. It later stood at 2,090 dollars as profit-taking set in. The latest advance […]
Aussie coach tells tourists to mind their own business
ADELAIDE, Feb 18, 2008 (AFP) – Australian coach Tim Nielsen told the touring Indians and Sri Lankans here Monday to worry about their own form instead of concerning themselves with the home side’s performances.Nielsen was responding to claims from both that the Australians were struggling, despite being the clear leader on the tri-series ladder. Sri […]
Sri Lanka drop Jayasuriya for West Indies tour
Feb 19, 2008 (AFP) – Sri Lankan cricket selectors here Tuesday dropped Sanath Jayasuriya for the tour of the West Indies starting next month and brought back left-arm fast bowler Thilina Thushara Mirando.The full Sri Lankan squad: Mahela Jayawardene (captain), Kumar Sangakkara, Michael Vandort, Malinda Warnapura, Thilan Samaraweera, T M Dilshan, Chamara Silva, Muttiah Muralitharan, […]
Sangakkara century lifts Sri Lanka
ADELAIDE, Australia, Feb 19, 2008 (AFP) – The class of Kumar Sangakkara once again revived Sri Lanka after a dismal start with the bat in their crucial tri-series clash with India here Tuesday.The Sri Lankan cause wasn’t helped by three runs outs, two dreadfully unlucky, but Sangakkara’s polished 128 helped them recover from a disastrous […]
Sri Lanka saved by Sangakkara century
ADELAIDE, Australia, Feb 19, 2008 (AFP) – The class of Kumar Sangakkara once again revived Sri Lanka after a dismal start with the bat in their crucial tri-series clash with India here Tuesday. The Sri Lankan cause wasn’t helped by three runs outs, two dreadfully unlucky, but Sangakkara’s polished 128 helped them recover from a […]
Sri Lanka kicks off US$300mn syndicated loan
Feb 18, 2008 (LBO) – Sri Lanka has called for proposals from foreign banks to raise 300 million dollars from a syndicated loan aiming to close the deal by late March or April, officials and bankers said. The Central Bank, which manages the island’s public debt, will call a meeting of bankers later this week […]
Sri Lankan plantations stocks sought after on earnings outlook
Feb 18, 2008 (LBO) – Sri Lankan shares ended higher Monday driven by keen interest in plantations stocks by domestic retail investors anticipating higher earnings on the back of strong commodity prices, brokers said. In the bond market, all bids received at the auctions were rejected by the central bank. The All Share Price Index […]
Slow Lane
Feb 18, 2008 (AFP) – Sri Lanka has further raised taxes on cars to discourage imports and save foreign exchange, officials said Monday, pushing first-time buyers out of the market as economic woes worsen on the island.The new tax, which adds 10-percent import duty on cars and vans, is to be rubber-stamped by parliament this […]
Everyone™s Business
Feb 18, 2008 (LBO) – The United Nations office in Sri Lanka will hold a round table conference Tuesday to seek ways of encouraging more people to do volunteer work after a noticeable decline in interest. “The round table conference will talk about how we can make volunteering everyone’s business again,” United Nations Volunteers Programme […]