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Thousands flee Sri Lanka fighting
COLOMBO, March 25, 2007 (AFP) – Thousands of Tamil civilians were on the run in north Sri Lanka on Sunday as troops and Tiger rebels traded artillery fire across a de facto border, with both sides claiming heavy casualties. The rebel Liberation Tigers of Tamil Eelam (LTTE) said about 2,000 men, women and children fled […]
Mutual Respect
March 24, 2007 (LBO) – Sri Lanka and India are to sign ‘Mutual Recognition Agreements’, making it easier for professionals to cross borders when a new services trade agreement takes effect this year. India is the island’s third largest export market, with just under two billion dollars in bilateral trade. India is also the island’s […]
Pakistan players give DNA samples as Sri Lanka gets into next stage
KINGSTON, Jamaica, March 23, 2007 (AFP) – Pakistani players gave DNA samples to police on Friday as part of the probe into the World Cup murder of coach Bob Woolmer, while Sri Lanka progressed into the Super Eights after beating India.Jamaican police insisted that no arrests had yet been made as the investigation into Woolmer’s […]
Sri Lanka qualify as India face World Cup exit
PORT OF SPAIN, Trinidad, March 23, 2007 (AFP) – Sri Lanka stormed into the World Cup Super Eights after virtually knocking India out of the tournament with an emphatic 69-run win here on Friday.Veteran Sanath Jayasuriya (six), Jayawardene (seven) and Sangakkara (15) all fell cheaply before Silva and Dilshan succeeded in neutralising India’s early advantage […]
India v Sri Lanka one-day scoreboard
PORT OF SPAIN, Trinidad, March 23, 2007 (AFP) – Complete scoreboard of the World Cup Group B match between India and Sri Lanka at the Queen’s Park Oval here on Friday: Sri Lanka innings U. Tharanga lbw b Tendulkar 64 S. Jayasuriya c Agarkar b Zaheer 6 M. Jayawardene c Dhoni b Agarkar 7 K. […]
Heavy casualties in Sri Lanka amid intense battles
COLOMBO, March 24, 2007 (AFP) – Sri Lankan troops and Tamil Tiger rebels were locked in intense battles in the island’s northeast on Saturday, for a second straight day, as both sides reported heavy casualties. The defence ministry placed its losses at nine soldiers killed and 45 hospitalised while military sources listed another 45 troopers […]
Moving Target
March 23, 2007 (LBO) – Singer Sri Lanka’s finance company arm has seen rapid growth in 2006 with the firm moving heavily into vehicle financing Fitch Ratings said, confirming its BBB (lka) rating with a stable outlook. “Singer Finance (SF) grew its loan book rapidly from 96.3 million rupees in 2005 to 454 million rupees […]
Beyond Accounting
March 23, 2007 (LBO) – Though larger businesses in Sri Lanka are engaging in sustainability reporting, smaller firms are still lagging behind, organizers of a competition said. The ACCA expect the number of competitors to increase in the coming years. The Association of Chartered Certified Accountants (ACCA) says the top 100 companies in Sri Lanka […]
Study Group
March 23, 2007 (LBO) – A four-member committee has been appointed to study the proposed sale of Sri Lanka Telecom shares held by Japan’s NTT to a Malaysian firm, a cabinet minister said. Sri Lanka Telecom closed up 50 cents at 38.50 Friday. “The committee will have to study it and report back to the […]
Sri Lanka to field jumbo cricket delegation: report
March 23, 2007 (AFP) – Sri Lankan cricket authorities came under fire Friday for fielding a delegation of officials that is set to outnumber the national team at the sport’s World cup showcase in the Caribbean. Sri Lanka, one of the pre-tournament favourites, are virtually assured of their place in the next round. The state-run […]