All Blogs
Australia bounce back to crush England
CAPE TOWN, Sept 14, 2007 (AFP) – Australia bounced back from the embarrassment of defeat against Zimbabwe to crush England by eight wickets in a World Twenty20 match at Newlands on Friday. Flintoff and Owais Shah both hit sixes off off-spinner Andrew Symonds in the space of three balls but both fell in quick succession […]
Fresh violence kills 26 in Sri Lanka
Sept 15, 2007 (AFP) – At least 26 people, including two security personnel, were killed in a fresh wave of violence in Sri Lanka’s embattled north, the defence ministry said on Saturday.More than 5,400 people have been killed in fighting in the past 21 months following the breakdown of a Norwegian-brokered truce. The two soldiers […]
Roadside bomb kills two Sri Lankan soldiers
Sept 15, 2007 (AFP) – A roadside bomb set off by suspected Tamil Tiger rebels killed at least two government soldiers and wounded seven others in northern Sri Lanka, the defence ministry said on Saturday.More than 5,400 people have been killed in fighting in the past 21 months following the breakdown of a Norwegian-brokered truce. […]
Sri Lanka turns CID loose on reporter; rights body outraged
Sept 15, 2007 (LBO) – An international media rights body expressed outrage after police asked a journalist to reveal his sources over a story about a car allegedly imported by a ruling party politician’s son. “After last month’s death threats against investigative journalist Iqbal Athas, this new case shows that it is getting more and […]
Sri Lanka cuts growth forecast for 2007: report
Sept 15, 2007 (LBO) – Sri Lanka’s central bank has cut the economic growth forecast for 2007 to 7.0 percent from an earlier 7.5 percent, a report said days after the government’s statistics office released the latest growth numbers. Sri Lanka’s economic expansion slowed to 6.2 percent in the first half of 2007 from a […]
Sri Lanka property firm says real estate is a sound buy
Sept 15, 2007 (LBO) – A top Sri Lankan property developer says real estate is a sound investment because house prices do not fall, and construction costs goes up rather than down. The Ceylinco group says the property market has been a shock absorber to act as a hedge against inflation and other economic concerns […]
Sri Lanka bond yields plummet; rupee at new record low
Sept 14, 2007 (LBO) – Foreign names bought into a popular rupee bond sending yields crashing down and raising fears of manipulation Friday, while the Sri Lanka currency closed at a new low against the greenback with deals done at 113.40 rupees, dealers said. The rupee which opened at 113.30/32 in spot trade closed at […]
Canal Block
NEW DELHI, Sept 14, 2007 (AFP) – India’s government said Friday it was putting on hold its bid to dredge a crucial shipping lane after being accused of blasphemy by Hindu activists who argue the project will damage a sacred site. The government denied the existence of a Hindu god to justify the project, which […]
Bid Probe
Sept 14, 2007 (LBO) – Sri Lanka’s top law official has begun probing a complaint of anti-competitive practices against one of the main bidders to build and operate a container terminal in the planned new deep-draft port next to Colombo, officials said. Hyundai Engineering Construction of Korea made the lowest bid at 36 billion rupees […]
Later Later
Sept 14, 2007 (LBO) – The hearing of the case on the sale Sri Lanka Telecom shares by its Japanese shareholder has been put off till November 22, lawyers said. Lawmaker Sripathi Sooriyarachchi who was sacked earlier in the year as a minister by President Mahinda Rajapakse, went to court alleging that the sale caused […]