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Sri Lanka state firm bank debt has doubled in a year: Central Bank
April 15, 2007 (LBO) – Sri Lanka’s state corporation debt to the banking system has doubled in 2006, with energy firms accounting for most of it, the Central Bank said in its annual report. The bank called on the government to consider promoting Public- Private Partnerships as a viable alternative financing mechanism for developing much-needed […]
World monetary policeman ponders own reform
WASHINGTON, April 14, 2007 (AFP) – IMF policymakers on Saturday are to press on with a campaign to save their 60-year-old body from irrelevance at a time when their sister institution, the World Bank, has been shaken by a pay scandal involving its president, Paul Wolfowitz. The International Monetary Fund’s steering committee, representing the Fund’s […]
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WASHINGTON, April 13, 2007 (AFP) – The world’s seven richest nations said Friday a WTO deal to tear down global trade barriers was “imperative,” following a measure of progress achieved by leading players at talks in India. “We believe that a successful conclusion of the Doha Development round is imperative,” Group of Seven finance ministers […]
G7 mulls global currency, hedge funds, amidst Wolfowitz scandal
WASHINGTON, April 13, 2007 (AFP) – Global finance chiefs launched a new bid Friday to bridge gaps on economic and currency policy at talks clouded by a growing scandal threatening the tenure of World Bank President Paul Wolfowitz. Group of Seven finance ministers and central bankers from Britain, Canada, France, Germany, Italy, Japan and the […]
‘s Jayasuriya targetted by Australia
BRIDGETOWN, Barbados, April 14, 2007 (AFP) – Australian fast bowler Glenn McGrath has said his team will aim for the early dismissal of in-form Sri Lankan opener Sanath Jayasuriya in their next World Cup match. “There is no doubt he (Jayasuriya) is a great player and we’d like to get on top of him early […]
Five including child shot by Tamil Tigers as Sri Lanka marks New Year: military
COLOMBO, April 14, 2007 (AFP) – Suspected Tamil Tiger rebels shot dead five people in eastern Sri Lanka on Saturday, the military said, as the country marked the traditional New Year and the president appealed for national unity.Gunmen from the rebel Liberation Tigers of Tamil Eelam (LTTE) ordered a family out of their home in […]
Aussies steamroller Irish to storm into semi-finals
BRIDGETOWN, Barbados, April 13, 2007 (AFP) – Australia required just five overs of hostile pace to storm into the World Cup semi-finals with a crushing nine-wicket win over a hapless Ireland in a Super Eights match here on Friday. Pacemen Glenn McGrath (3-17) and Shaun Tait (3-39) reduced the match between the defending champions and […]
Sri Lanka skipper praises Vaas and Murali old pals act
ST GEORGE’S, Grenada, April 12, 2007 (AFP) – Sri Lanka captain Mahela Jayawardene paid tribute to old stagers Chaminda Vaas and Muttiah Muralitharan who created the platform for Thursday’s six-wicket World Cup win over New Zealand. The veteran duo, two of the survivors from the 1996 World Cup winning team, shared six wickets between them […]
Sri Lanka veteran bowling attack smash New Zealand
ST GEORGE’S, Grenada, April 12, 2007 (AFP) – Chaminda Vaas ensured Sri Lanka didn’t miss Lasith Malinga by removing New Zealand’s top three in a six-wicket World Cup Super Eights win at Grenada’s National Stadium. Sri Lanka, set 220 to win, finished on 222 for four to move level on eight points with New Zealand […]
Sri Lanka Tigers deny using satellite illegally
COLOMBO, April 13, 2007 (AFP) – Sri Lanka’s Tamil Tiger rebels on Friday rejected allegations that they were illegally using a commercial satellite to broadcast overseas.“We are accessing it legally and there is no signal piracy,” a spokesman for the Liberation Tigers of Tamil Eelam (LTTE), Rasiah Ilanthiriyan, said by telephone from the rebel-held northern […]