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Pakistan Tie
Apr.03 (LBO) – Sri Lanka has asked the Pakistan government to start a Colombo-Karachi ferry service and liberalise air services during President Mahinda Rajapakse’s recent state visit to the neighboring country, a senior government minister said. -Jayantha Kovilagodage: jayantha@ “At the moment there are three flights a week to Pakistan from Sri Lanka, and two […]
Switching Gears
Apr.04 (LBO) – Sri Lanka’s Associated Motorways Ltd said Tuesday that they had invested Rs. 100 million to start a fully owned leasing company. AMW Capital Leasing Ltd was incorporated on February 23, and the firm is awaiting Central Bank’s approval to start business, AMW’s Company Secretary D Kumarasinghe said in a statement. -LBO Newsdesk: […]
Little Treat
Apr.04 (LBO) – Sri Lanka Tuesday formalised an US$8.5 million grant on top of an already pledged US$7.0 million by Switzerland towards tsunami rebuilding work, the finance ministry said. The additional funds will be used to build owner driven housing programme in Matara and Trincomalee districts. Todate, a total of 8,617 houses have been rebuilt […]
Later, Later
Apr.04 (LBO) – Sri Lanka’s parliament Tuesday referred laws to safeguard the country from anti dumping and countervailing duties to a select committee for further deliberations. As a member of the World Trade Organisation (WTO) and GATT (General Agreement for Trade & Tariff), Sri Lanka has to enact laws on subsidies and countervailing measures and […]
‘s Test career ends in pain
KANDY, Apr.04 (AFP) – Former Sri Lankan captain Sanath Jayasuriya ended his Test career on a painful note on Tuesday when he suffered a thumb injury during the second Test against Pakistan here. Jayasuriya, 36, needed several stitches on his right thumb that was split while catching Pakistani opener Imran Farhat in the gully region […]
Polls victory to boost Sri Lanka peace hopes: negotiator
Apr.04 (AFP) – Hopes for peace in Sri Lanka have been strengthened by the ruling party’s landslide victory in local polls, the government’s top peace negotiator said Tuesday.Nimal Siripala de Silva said he told Norway’s new peace envoy, Jon Hanssen-Bauer, that last week’s victory had strengthened President Mahinda Rajapakse. His political allies, who resist the […]
Norway’s new envoy launches Sri Lanka peace mission
Apr.03 (AFP) – Norway’s new peace envoy to Sri Lanka began work Monday, discussing how to shore up a fragile ceasefire ahead of meetings with Tamil rebels and the government. -Amal Jayasinghe: win98win@ Jon Hanssen-Bauer, on his first visit to the island, went straight into meetings with experts from think-tanks and development organisations after his […]
New Feather
Apr.03 (LBO) – Sri Lanka’s Hemas Holdings Ltd Monday announced the appointment of Lalith de Mel as the group’s chairman. Husein Esufally will continue to lead as Chief Executive Officer of the family owned conglomerate. De Mel has served on the Hemas Board since 2003 and has been closely involved in its transformation as a […]
Quick Chat
Apr. 03 (LBO) – Sri Lanka will take up thorny issues like shipments of pepper and vanaspati oil to India, when both sides meet for trade talks in Colombo this month, an official said Monday. Four days of trade talks between the two nations under the Comprehensive Economic Partnership Agreement or CEPA are due to […]
Fresh Look
Apr.03 (PTI) – The BBC today announced a re-broadcasting deal with Sri Lanka’s state-run radio and said it was looking for possible joint ventures for Hindi and Urdu service channels in India. Sri Lanka’s SLBC radio will re-broadcast nine hours of BBC programing under the new deal, BBC World Service business development manager Michel Lobelle […]