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Sri Lanka finds five more corpses
March, 06 (LBO) – Five burnt bodies have been discovered in the north central Sri Lankan district of Anuradhapura, police said Tuesday. Tirappane police said the bodies were found near the village of Thuruvila in the Anuradhapura district. Anuradhapura is more than 200 kilometres away from Colombo in the north central province of Sri Lanka. […]
Taking Flight
March 5, 2007 (AFP) – Sri Lanka’s new state-run budget airline secured a provisional license to fly after technical problems delayed its maiden test flight by over eight hours, officials said. A Mihin Air flight flew to India’s southern city of Thiruvananthapuram from the island’s sole international airport late Sunday and returned around midnight, airport […]
Skills Boost
March 05, 2007 (LBO) – Sri Lanka’s financial regulators are coming together to boost skills of market professionals in a bid to deepen securities and insurance industries. Sri Lanka has a large number of companies, financial institutions, registered financial, leasing and insurance companies, merchant banks, venture capital firms and unit trusts. Sri Lanka’s capital markets […]
Joint Deal
March 05 (LBO) – DFCC Bank and Hatton National Bank would set up a joint venture investment bank to takeover and run their corporate finance and capital market businesses, the two banks said Monday. “It is envisaged that the new will also be the group holding company for the other related entities of the two […]
Defence Support
March 05 (LBO) – Sri Lanka and the United States has signed a deal to give reciprocal logistical support for the military forces of the two countries, the US embassy in Colombo said Monday. The 10-year agreement which will provide a framework for increased interoperability of the forces of the two countries has been signed […]
Tele Focus
March 05 (LBO) – The possible exit of Japan’s NTT from Sri Lanka Telecom continues to garner investor interest with market expectations of a possible buyout by Malaysian mobile operator, Maxis. But SLT has declined to comment specifically on the deal, saying NTT was satisfied with SLT’s performance. “I think amongst those projects the companies […]
‘ eyes on China
TOKYO, March 5, 2007 (AFP) – Asian stock markets came under fresh selling pressure in early trade on Monday, tracking Wall Street lower amid continued anxiety about the health of global markets, dealers said.They said that investors in the region were keeping a close watch on the Shanghai market where share prices extended losses in […]
Cricket: Sri Lanka World Cup squad profiles
BRIDGETOWN, Barbados, March 5, 2007 (AFP) – Penpix of Sri Lanka’s World Cup squad Mahela Jayawardene (RHB/RAM/Capt.) Age: 29. ODI appearances: 236. First cap: v ZIM, Colombo, Jan 24, 1998 A fine technician with an excellent temperament, he has settled in as captain after Marvan Atapattu was injured. Under him, Sri Lanka are a well-knit […]
Still Grounded
March 4, 2007 (AFP) – Sri Lanka’s new state-run budget airline cancelled its maiden flight on Sunday because of technical problems, airport officials said. A Mihin Air flight was due to depart for India’s southern city of Thiruvananthapuram from the island’s sole international airport, but the trip was scrapped due to problems with the plane’s […]
Sri Lanka to play Scotland in World Cup opening round
BRIDGETOWN, Barbados, March 4, 2007 (AFP) – Hosts West Indies, England, South Africa and Sri Lanka will fire the opening shots in their World Cup campaigns on Monday at the start of series of warm-up matches. West Indies, bidding to become the first host nation to win the title, face Kenya in Jamaica, England will […]