All Blogs
Sri Lanka faces cricket selector trouble
Aug 9, 2007 (AFP) – A depleted selection panel picked Sri Lanka’s Twenty-20 World Championships team Thursday following a spate of no-shows and resignations from the committee, sports minister Gamini Lokuge told AFP. “But I have told Sri Lanka Cricket that I have no objection if the selectors are given an allowance and other perks […]
UN urges Sri Lanka to disarm paramilitary group
Aug 9, 2007 (AFP) – The United Nations on Thursday urged Sri Lanka to disarm a pro-government paramilitary group operating in the east of the island to ensure safety and security for aid workers and residents.John Holmes, the UN undersecretary general for humanitarian affairs and emergency relief coordinator, ended a four-day tour of the country […]
Sri Lanka foreign debt profile good even after bond issue: S&P
August 09, 2007 (LBO) – Though Sri Lanka had “substantial” foreign debt, the country would be able to maintain external liquidity even after an upcoming bond issue, Standard & Poor’s Rating Services (S&P) has said. “The interest burden of the debt was nearly 30 percent of general government revenue, while debt-to-revenue ratio, at an estimated […]
Squeaky Clean
August 08, 2007 (LBO) –Sri Lanka’s airports authority has awarded the cleaning and facility management contract for the Banaranaike International Airport (BIA) to Sinar Malship Lanka, the company announced Wednesday. Sinar Malship Lanka, formed under the Board of Investment in collaboration with Malaysia’s Sinar Jernih, adopts British Institute of Cleaning Science methods to comply with […]
Floating Lien
August 08, 2007 (LBO) – Sri Lanka’s Central Bank Governor Nivard Cabraal said he will look at the banking sector’s reluctance to lend to ship-owners and called for new methods of financing that may allay the concerns of lenders. The island’s banks had hitherto been reluctant to provide ship financing as they were unfamiliar with […]
Sri Lanka Kelani Valley estates revenues recover but profits dip in June quarter
August 08, 2007 (LBO) – Kelani Valley Plantations, a unit of Sri Lanka’s Hayleys group, saw profits dip 36 percent in the quarter ended June 2007 as turnover rose by 3 percent, as it recovered from the effects of a strike the previous year. . Consolidated net profit after tax fell to 63.3 million from […]
Going Global
Aug 08, 2007 (LBO) – Sri Lanka’s Triad advertising has got affiliated to thenetworkone, a global network of specialist agencies, with the aim of giving overseas exposure to Sri Lankan brands. “We felt there was a need to have an international platform and that was the only way we could go forward and give our […]
Prized Project
Aug 08, 2007 (LBO) – A Sri Lankan ICT project using a digital, interactive educational content system in the Sinhala language aimed at developing self-learning capacity among rural students has won an international award. The ‘Shilpa Sayura’ project was awarded the Information for Development (i4d) award at the recent eINDIA 2007 Conference in New Delhi, […]
Fed sits tight despite housing market crash
WASHINGTON, Aug 7, 2007 (AFP) – The Federal Reserve announced Tuesday it was keeping US interest rates unchanged at 5.25 percent as it acknowledged concerns about tightening credit and a persistent housing market slump.The central bank has now kept US interest rates steady for just over 13 months since June of 2006.The 10 policymakers of […]
UN envoy tours Sri Lanka amidst clashes
COLOMBO, Aug 8, 2007 (AFP) – Six people have been killed in clashes across Sri Lanka’s embattled regions as a top UN relief envoy visited, officials and rebels said Wednesday.Tamil rebels are seeking an independent homeland for the ethnic Tamil minority in the Sinhalese-majority nation.Warplanes also bombed rebel targets in northern Manner district, the defence […]