All Blogs
Washed Up
May 12 (LBO) – High winds caused a barge anchored off Galle port in southern Sri Lanka to drag anchor and get washed ashore Friday, eyewitnesses and harbour officials said. The unladen barge had been towed by a tug which had come to Galle for repairs after developing engine trouble when sailing past the island. […]
Sri Lanka Tiger attack costs Shell 700,000 dollars
May 12, 2007 (AFP) – The Sri Lankan unit of Royal Dutch Shell suffered damages of at least 700,000 dollars in an air attack by Tamil Tiger rebels last month, the company said on Saturday. Two bombs exploded at the Anglo-Dutch company’s storage facility on the outskirts of Colombo, damaging one of its four storage […]
Rolling Stock
May 11, 2007 (AFP) – Sri Lanka plans to buy 60 million dollars worth of locomotives and passenger coaches from China to modernise its Victorian-era network, the state-owned railway announced on Friday.Sri Lanka Railways is purchasing 100 carriages and 15 diesel-powered locomotives, technical manager P.P. Wijesekera told AFP. China’s Exxim Bank will fund the purchases […]
Big Claims
May 11, 2007 (LBO) – Union Assurance has reported after-tax profit for the quarter ending March 2007 fell to 21 million rupees from 33 million in the same 2006 period. Life insurance premiums increased by 25% to 468 million rupees in March 2007 from 375 million rupees in March 2006. The company, in which the […]
Sri Lanka raises fuel prices
May 11, 2007 (LBO) – Sri Lanka has raised fuel prices from midnight Friday with diesel going up by two rupees, petrol by one rupee and furnace oil by three rupees a litre, a Ceylon Petroleum Corporation official said.This would push 90-Octane petrol to 106 rupees and 95-Octane petrol to 109 rupees with standard auto-diesel going […]
Another One
May 11, 2007 (LBO) – Chemanex, a listed chemical firm, has postponed a shareholder meeting called to ratify a bonus issue after a new company law came into effect earlier this month, the company said Friday. The company said the Stock Exchange had informed Chemanex that a ‘bonus issue’ declared by the board of directors […]
World Bank gives Wolfowitz more time
WASHINGTON, May 9, 2007 (AFP) – The board of the World Bank has given an additional week to embattled bank president Paul Wolfowitz to defend himself in a nepotism scandal, the bank said in a statement Wednesday.“The Executive Directors met today to consider a request from the President for additional time to comment on the […]
Sri Lanka wants ruling body elected for cricket
COLOMBO, May 11, 2007 (AFP) – Sri Lanka’s sports minister said Friday he wants a new committee elected to run the island’s cricket administration, which is currently managed by political appointees. The International Cricket Council in April 2005 recognised the incumbent interim committee headed by businessman Jayantha Dharmadasa as the lawfully appointed body empowered to […]
Sri Lanka drop Atapattu
May 10, 2007 (AFP) – Veteran batsman Marvan Atapattu has been omitted from the 15-man Sri Lanka squad for the three-match one day international series against Pakistan in Abu Dhabi, officials said.Only nine of the 15 players who represented the country in the World Cup have been named in the squad for the series starting […]
Hobbling Dhoni stars as India flattens Bangladesh
DHAKA, May 10, 2007 (AFP) – Mahendra Dhoni battled leg cramps to hit an unbeaten 91 as India defeated their World Cup nemesis Bangladesh by five wickets in the first game of the three-match series here on Thursday.Dhoni and Dinesh Karthick (58 not out) put on a match-winning stand of 107 for the sixth wicket […]