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China shipping firm jumps 83 percent on Shanghai trading debut
SHANGHAI, June 26, 2007 (AFP) – China’s flagship shipping firm, COSCO Holding, jumped 83 percent on its trading debut in Shanghai Tuesday after raising net proceeds of 14.88 billion yuan (1.96 billion dollars). COSCO shares opened at 15.52 yuan on the Shanghai Stock Exchange, in line with broker estimates, against its initial public offering (IPO) […]
” ties
WASHINGTON, June 25, 2007 (AFP) – The US Securities and Exchange Commission watchdog has added a link to its website listing dozens of mostly foreign companies it said Monday had disclosed interests in “countries known to sponsor terrorism.” The list of international companies includes Australian, British, German, French and Japanese groups including HSBC Holdings, Unilever […]
Sri Lanka smashes Bangladesh with four centuries
June 26, 2007 (AFP) – Four batsmen scored centuries as Sri Lanka flexed their batting might to tighten the screws on Bangladesh in the first cricket Test here on Tuesday.Maiden Test hundreds by Prasanna Jayawardene and veteran seamer Chaminda Vaas capped a solid batting display by the hosts, while captain Mahela Jayawardene and opener Michael […]
‘s tsunami-hit stadium ready for Test with England
June 26, 2007 (AFP) – The tsunami-devastated Galle cricket stadium in Sri Lanka will be fit to host the third and final Test against England in December, an official said here on Tuesday.Galle stadium curator Jayananda Warnaweera said the early-November deadline for reconstruction would be met. The stadium, originally the venue for the opening match […]
Sri Lanka batsmen hit tons against Bangladesh
June 26, 2007 (AFP) – Michael Vandort and skipper Mahela Jayawardene scored centuries as Sri Lanka piled up Bangladesh’s misery in the first cricket Test here on Tuesday. Bangladesh play three Tests and as many one-day internationals on the five-week tour. Having bowled out Bangladesh for 89 on the opening day, Sri Lanka went to […]
” in Sri Lanka murder probe
GENEVA, June 25, 2007 (AFP) – A bullet being used in an investigation into the killings in Sri Lanka of 17 aid workers last August may have been removed from evidence, an international legal watchdog said on Monday. The International Commission of Jurists said its observer on the probe, senior British lawyer Michael Birnbaum, found […]
Structural Attempt
June 26, 2007 (AFP) – Sri Lankan security forces found a powerful Claymore mine near an oil storage depot in the capital Tuesday, the defence ministry said.The 20-kilogram (32-pound) bomb was hidden inside the fuel tank of a vehicle belonging to a local official from the island’s Tamil Tiger-held northern district of Kilinochchi, the ministry […]
Sri Lanka scraps tax on imported food
June 26, 2007 (LBO) – Sri Lanka Tuesday scrapped value added tax on ten key food items in a bid to bring down food prices driven to high levels by money printing to finance the budget deficit last year.Last year the Central Bank printed 38.5 billion rupees to finance a fiscal deficit 8.4 percent of […]
Sri Lanka to set up prosperity index to track rural growth
June 26 (LBO) – Sri Lanka’s Central Bank is to introduce a prosperity index to track the progress of the island’s provinces which are lagging behind and have high levels of poverty, Central Bank governor Ajith Nivard Cabraal said. It will also set up a results-based monitoring and evaluation system to see how development in […]
Bank Heads
June 25 (LBO) – A new board of directors has been appointed to state-owned SME Bank as a first step in a proposed take-over by Lankaputhra Development Bank, an official said. But officials now say RDBs would be allowed to function independently. Lankaputhra Bank chairman A de Vass Gunewardene is the new chairman of SME […]