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Treasury bill yields in Sri Lanka edge upwards
March 07 (LBO) – Sri Lanka’s treasury yields moved up by an average 15 basis points at Wednesday’s auction, despite the central bank purchasing two billion worth of bills off the 12-billion rupee auction. “Commercial Banks should pursue prudential measures to suppress the excessive growth in consumption credit while mobilising more deposits from public to […]
Air Pocket
March 07, 2007 (LBO) – Promoters of three private international airlines in Sri Lanka are running into stormy weather with authorities saying provisional approvals are no longer in effect, while a state-owned carrier completed a test run this week. State-owned Mihin Air completed a test flight to India this week to gain a license, using […]
Under Fire
March 7, 2007 (AFP) – Nine media workers have been killed in Sri Lanka over the past 15 months, rights groups said Wednesday, voicing concerns over deteriorating conditions for journalists. No one has been charged over the deaths, leading to fears that media freedom is being deliberately and violently suppressed through threats, abductions and attacks, […]
Which #@**%$! cricketer said that?
BRIDGETOWN, Barbados, March 7, 2007 (AFP) – AFP sports presents some of the best examples of cricket sledges: – Rod Marsh and Ian Botham: When Botham took guard in an Ashes match, Marsh welcomed him with: “So how’s your wife and my kids?” – Daryll Cullinan and Shane Warne: As Cullinan was on his way […]
‘s sledging match
BRIDGETOWN, Barbados, March 7, 2007 (AFP) – He’s a trained lawyer, so Kumar Sangakkara should know when it’s good to talk. But put him, as well as the cream of the world’s wicket-keepers and close-catching fielders out on the pitch, the mind games begin. Like it or not, sledging in cricket has become an art […]
Bangladesh clinch thrilling win over Kiwis
BRIDGETOWN, Barbados, March 6, 2007 (AFP) – Bangladesh pulled off a major shock on Tuesday when they defeated New Zealand by two wickets here in a World Cup warm-up. Pace bowler Mashrafe Mortaza proved to be the hero with bat and ball. After taking 4-44 to limit the Black Caps to 224 all out, he […]
Sri Lanka to probe charities for alleged Tiger links
COLOMBO, March 7, 2007 (AFP) – Sri Lanka’s military will probe charities for alleged links with Tamil Tiger rebels, defence spokesman Keheliya Rambukwella said Wednesday.The government has accused foreign and local non-government organisations (NGOs) working in the embattled north and east provinces of helping the Tigers with logistics, a claim the charities deny. “The defence […]
More Power
March 07, 2007 (LBO) –Mini hydro company Vidullanka has connected a new plant to the national grid the company said Wednesday, which can boost its energy production by more than 66 percent. Vidullanka which operates a 3.2 MegaWatt (MW) plant said a 2MW plant in Batatota has now been connected to Ceylon Electricity Board. The […]
Dirty Limit
BEIJING, March 7, 2007 (AFP) – China will no longer allow new coal-based power generators with a capacity below 300,000 kilowatts to be built, hoping to alleviate pressure on the environment, state media reported Wednesday.New coal power generators should be equipped with facilities to reduce sulphur and soot emissions, the China Business News reported, citing […]
Leg Up
March 06 (LBO) –International Finance Corporation (IFC) is looking for opportunities to help top Sri Lankan firms venture abroad, and is aiming to more than double its portfolio over two years, officials said. On Tuesday IFC had signed up with Nations Trust Bank to provide trade finance guarantees, following a similar agreement with National Development […]