All Blogs
Sri Lanka asked to get house in order ahead of opening up services
April 06 (LBO) – Sri Lanka is hoping to open its service sectors to neighboring India, but analysts say the country should first get local regulations in order. The two countries are in talks to allow exchange of services, including limited exchange of professionals, under an agreement to be signed by June this year. But […]
Second Landing
April 4, 2007 (AFP) – Hong Kong’s Cathay Pacific Airways Wednesday said it will resume flights to Sri Lanka after suspending services following a rebel attack on an airbase next to the island’s only international airport. “Safety is always our top priority,” chief operating officer Tony Tyler said, adding that Cathay would resume services from […]
Talk Only
NEW DELHI, April 5, 2007 (AFP) – Conflict-ridden South Asian nations made little headway in fighting terrorism or boosting trade at a summit this week despite repeated calls for action, analysts said Thursday. The eight-nation South Asian Association for Regional Cooperation (SSARC) ended a two-day summit Wednesday with a declaration that underscored an “urgent need” […]
Whatmore emerges as frontrunner to succeed Chappell
NEW DELHI, April 5, 2007 (AFP) – Another Australian — Dav Whatmore — has emerged among the frontrunners to succeed Greg Chappell as coach of India, one of the hottest and toughest jobs in cricket. “I’m definitely interested,” Whatmore told Thursday’s Times of India. India, one of the pre-tournament favourites, were upset by Bangladesh in […]
Knife-edge finishes will boost Sri Lanka, says Jayawardene
ST JOHN’S, Antigua, April 4, 2007 (AFP) – Sri Lanka skipper Mahela Jayawardene believes the two heart-stopping finishes against South Africa and England can inspire his team’s push to the World Cup title. Sri Lanka lost by one wicket to South Africa last week but turned the tables on England by clinching a nerve-shredding last […]
Sri Lanka troops find mine on airport road
April 5, 2007 (AFP) – Sri Lankan security forces on Thursday found a powerful landmine in a shop along the main road to the island’s only international airport, police said.Over 60,000 people have since been killed in the Tamil separatist conflict and diplomatic attempts to bring the warring factions to the negotiating table have ended […]
Seven killed in Sri Lanka violence
COLOMBO, April 5, 2007 (AFP) – Suspected Tamil Tiger rebels shot dead four civilians in eastern Sri Lanka on Thursday, the defence ministry said, as the military reported killing three guerrillas. Liberation Tigers of Tamil Eelam (LTTE) gunmen opened fire on farmers in Polonnaruwa district as they travelled to sell their rice crops, the ministry […]
Central Bank of Sri Lanka makes record profits from money printing, inflation and debauching its currency
April 05, 2007 (LBO) – Sri Lanka’s central bank posted a massive 27 billion rupee profit in 2006 as the economy inflated and the currency depreciated due to money printing, its latest accounts showed. It even sterilized the 2007 provisional advance to the treasury, though interest rates has since started to rise, indicating that Sri […]
Fernando sees Sri Lanka to thrilling win over England
ST JOHN’S, Antigua, April 4, 2007 (AFP) – Dilhara Fernando took a wicket with the last ball of the match to seal a dramatic two-run win for Sri Lanka against England in their World Cup Super Eights clash at the Sir Vivian Richards Stadium here Wednesday. England, set 236 to win, finished on 233 for […]
VAT Fraud
April 04, 2007 (LBO) – Sri Lankan police have completed investigations into the multi-billion rupee value-added tax refund fraud and are ready to prosecute seven suspects, officials said. Audits are conducted after refunds and are mandatory in the case of three consecutive refunds, he added. Deputy finance minister Ranjith Siyambalapitiya said the Criminal Investigations Department […]