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ICRC concerned about worsening situation in Sri Lanka
GENEVA, April 9, 2007 (AFP) – The International Committee of the Red Cross (ICRC) voiced concern Monday about the worsening situation in Sri Lanka, urging all sides to respect humanitarian law.“The number of casualties caused by deliberate attacks on civilians has sharply increased in northern and eastern Sri Lanka,” the ICRC said in a press […]
Port Builders
April 09, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is having a pre-bid meeting Tuesday with private investors keen on building container terminals in Colombo’s new south port whose infrastructure work has attracted interest from 30 investor consortia, an official said. SLPA chairman Saliya Wickramasooriya said Monday the original date for opening bids […]
Hedge Win
April 09, 2007 (LBO) – Sri Lanka’s petroleum utility will get a 33 million rupee payment this week on the expiry of its first hedging contract for imported diesel, a top official said. Last month the utility raised petroleum prices by 7 rupees a litre (about 30 rupee a gallon). Updated The utility first bought […]
Power Drive
April 09, 2007 – Sri Lanka Monday officially kicked off work on building a Japanese funded hydro power project in the island’s central hills, which will add 150 mega wattes of power to the national grid, the Japanese embassy here said.The 33.27 million dollar yen or 30 billion rupee Upper Kotmale project got off the […]
Fresh Funds
April 08, 2007 (LBO) – Massachusetts-based Virtusa Corp., an information-technology services firm with operations in Sri Lanka, is seeking 92 million dollars through a NASDAQ listing. The underwriters for the offering were listed as JP Morgan, Bear Stearns & Co., Cowen and Co. and William Blair & Co. The company, headed by a Sri Lankan, […]
Telecom Gains
April 08, (LBO) – Telecom operators who rolled out rural networks in the last three years will get a five billion rupee refund of levies collected from every incoming international call minute. Incumbent Sri Lanka Telecom (SLT) will get the largest slice, boosting its 2nd quarter earnings by up to three billion rupees. Other telecom […]
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VATICAN CITY, April 8, 2007 (AFP) – Pope Benedict XVI on Sunday decried the “suffering in the world” in his traditional “Urbi et Orbi” (to the city and the world) on Easter Sunday. “How many wounds, how much suffering there is in the world! Natural calamities and human tragedies that cause innumerable victims and enormous […]
Enigmatic Ashraful is Bangladeshi hero
GEORGETOWN, Guyana, April 8, 2007 (AFP) – Stylish batsman Mohammad Ashraful finally bridged the gap between potential and performance with his brisk half-century in Bangladesh’s shock win over South Africa in the World Cup. He has often come under fire for performing much below his potential since making a dream debut against Sri Lanka in […]
South Africans lose match fees for slow over-rate in Bangladesh defeat
GEORGETOWN, Guyana, April 8, 2007 (AFP) – The International Cricket Council (ICC) match referee Chris Broad rubbed salt in South Africa’s wounds by handing them a fine for a slow over-rate fine during their 67-run defeat against Bangladesh here Saturday. “Chris Broad imposed the fines after Graeme Smith’s side was ruled to be one over […]
Fans feeling blue over missing India
GEORGETOWN, Guyana, April 7, 2007 (AFP) – Hundreds of Indian fans, who dreamt of seeing India and star batsman Sachin Tendulkar take on South Africa here on Saturday, were left cursing their luck at the National Stadium. If things had gone to plan, India would have qualified from the first round to take their place […]