All Blogs
Sri Lanka tea strike prunes profits at Maskeliya Plantations
June 14, 2007 (LBO) – Sri Lanka’s Maskeliya Plantations, which produces some of the island’s best high grown teas, has reported a sharp fall in profits following a strike last year. Profit after tax fell 91 percent to 11.3 million rupees in the financial year ended March 31, 2007 from 138 million rupees the year […]
Blocked Call
June 14, 2007 (LBO) – Sri Lanka’s highest court halted the sale of shares of the country’s largest fixed access operator to a Malaysian firm Thursday, after a lawmaker filed suit against the deal. Sri Lanka Telecom slid 1.50 to close at 37.00 on Thursday. Japan’s NTT which holds a 35.2 percent stake in Sri […]
Big Response
June 14, 2007 (LBO) – Sri Lanka’s biggest mobile phone company, Dialog Telekom, said Thursday its 15.5 billion rupee cash call had been fully subscribed. . Corrected: Dialog’s parent Telekom Malaysia had bought in full its entitlement under the rights issue, spending 13 billion rupees, a company statement said. The inward foreign currency remittances for […]
” wakes up to new world order
DZIALDOWO, Poland, June 14, 2007 (AFP) – It is the stuff of fairytales and happy endings, the story of a Polish railway worker who woke up to a new world of plenty after falling into a “coma” 19 years ago when Poland was still communist. “The only problem now is having the money to pay […]
” lawmakers seek action
WASHINGTON, June 13, 2007 (AFP) – The US Treasury stopped short of branding China a “currency manipulator” Wednesday even as new efforts were launched in Congress to punish Beijing for maintaining an undervalued yuan. The Treasury, in a much-anticipated semiannual report, said China’s tightly controlled exchange rates have led to a variety of economic problems […]
Sri Lanka names Bayliss as coach
June 14, 2007 (AFP) – World Cup finalists Sri Lanka on Thursday named ambitious Australian Trevor Bayliss as their new coach on a two-year deal.Bayliss, 44, who currently coaches New South Wales, replaces another Australian Tom Moody, who quit last month to work with Western Australia. “Bayliss has been appointed for a two-year period starting […]
Australians in running for Sri Lanka coaching job
June 14, 2007 (AFP) – Sri Lanka has short-listed a handful of Australian coaches to take over the national team, officials said Thursday.Former Sri Lankan fast bowler Rumesh Ratnayake will assist Penney until the formal appointment of a new coach.“Terry Oliver and Trevor Bayliss are under consideration,” a Sri Lanka Cricket (SLC) source told AFP. […]
Filipino aid worker for US charity in Sri Lanka shot
June 14, 2007 (AFP) – A Filipino aid worker has been shot and wounded in northeastern Sri Lanka, a hospital spokeswoman said Thursday. Antonio Villeomour, of the US charity Mercy Corps, was being treated at Colombo’s National Hospital, spokeswoman Pushpa Soysa said. “He is conscious and not in a critical condition,” she told AFP. Villeomour […]
Sri Lanka slums to get facelift with UN, private sector help
June 14, 2007 (LBO) – The United Nations Habitat section has teamed up with Sri Lanka’s urban development ministry to improve living conditions of low income families living in the capital city’s slums. The program was launched by the UN Human Settlement Program with the help of Ministry of Urban Development and Emerging Markets Group […]
Sri Lanka trade deficit expands in April but BOP steady
June 14, 2007 (LBO) – Sri Lanka’s exports grew 11.5 percent and imports by 7.4 percent in the first four months of 2007, keeping the trade deficit at last year’s level, but the gap in the month of April itself widened, the Central Bank said.In April exports grew 6.8 percent to 535 million dollars, slower […]