Author: lbostgadmin
Sri Lanka cautious on Pakistan tour
May 23, 2011 (AFP) – Sri Lanka’s cricket officials Monday reacted cautiously to an invitation to tour Pakistan, just two years after players were targeted in a deadly militant ambush in Lahore. The Pakistan Cricket Board announced at the weekend that they had invited Sri Lanka to play three Tests, five one-day internationals and one […]
Sri Lanka Hayleys wind power plant to start in Sept
May 23, 2011 (LBO) – Sri Lanka’s listed Hayleys group said a wind power plant it is building in the island’s north western coastal town of Kalpitiya will begin commercial operations in September 2011. The 10 MegaWatt wind plant is run by its unit Nirmalapura Wind Power (Private) Ltd. The Kalpitiya peninsula has another wind […]
Militants storm Pakistan naval air base, five dead
KARACHI, May 23, 2011 (AFP) – Taliban gunmen armed with rockets and explosives stormed a major naval air base in the heart of Pakistan’s biggest city, destroying two US-made surveillance aircraft and killing five personnel. Officials said the brazen attack in Karachi, which came three weeks after the US killing of Osama bin Laden, was […]
Finance Growth
May 23, 2011 (LBO) – Sri Lanka’s LB Finance said net profits for the March 2011 grew 83 percent to 391 million rupees from a year earlier, with strong growth in lending during the past year and a steep increase in other income, interim accounts showed. Its government securities portfolio rose modestly to 1.6 billion […]
Sri Lanka stock close 0.5-pct lower
May 23, 2011, 2011 (LBO) – Sri Lanka stocks closed weaker Monday, amid broad sell-off though heavy trading in Colombo Land shares boosted activity, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed down 0.54 percent to end at 7439.15 (40.48 points), while the Milanka index of liquid stocks dropped 0.39 percent (26.60 […]
A call against ad hoc state food restrictions in new bubble
BIG SKY, May 22, 2011 (AFP) – As high food prices push millions of people into poverty, major farming nations are resisting calls to impose trade restrictions and are committing to keep global markets open. APEC — a 21-member Asia-Pacific bloc that encompasses more than half of the world economy and includes the United States, […]
Ton-up again for Sri Lankan duo as Lions struggle
DERBY, May 21, 2011 (AFP) – Sri Lanka batsmen Tillakaratne Dilshan and Tharanga Paranavitana both scored their second centuries in as many matches as they warmed-up for next week’s first Test in Cardiff by hauling the islanders back into their contest against the second string England Lions. Dilshan (117) and Paranavitana (125), following on from […]
Pakistan urges Sri Lanka tour despite trouble
KARACHI, May 22, 2011 (AFP) – Pakistan have officially invited Sri Lanka to contest a home series in the hope that the two governments can sort out a tour due to start in October, an official said Sunday. Gunmen attacked the Sri Lankan team in March 2009 in Lahore injuring seven Sri Lankan players and […]
” UK staff
NEW DELHI, May 22, 2011 (AFP) – Indian tycoon Ratan Tata has denied calling his British staff lazy after a London newspaper quoted him attacking them for heading home early on Friday afternoons. The Tata Group issued a statement after the Times published an interview in which he described how “nobody is willing to go […]
Cruise Call
May 22, 2011 (LBO) – India’s first cruise ship, Chennai flagged AMET Majesty will make calls on Sri Lanka’s Colombo and Trincomalee ports when it begins high seas cruises in June, a media report said. India is already the largest generator of tourists to Sri Lanka. Arrivals have boomed since the island introduced visa on […]
Sri Lanka war-torn regions to show highest nominal growth: CB Governor
May 21, 2011 (LBO) – Sri Lanka former war-torn has shown the highest nominal growth among all regions (before inflation adjustment) after the end of a 30-year war and the momentum is expected to continue, Central Bank Governor Nivard Cabraal said. The war in the north ended in May 2009, but military activities in the […]
Boot Camp
May 21, 2011 (AFP) – Sri Lanka’s Supreme Court has suspended a government plan to make military training compulsory for students who qualify for university education, an official said Saturday. The top court late Friday ordered the education ministry to delay implementation of the training programme until a ruling is made on a legal challenge […]