Author: lbostgadmin
Angry Sri Lanka deny match-fixing
March 2, 2011 (AFP) – Sri Lanka’s cricket authorities on Tuesday angrily denied allegations of match-fixing made against two of their players in their World Cup defeat to Pakistan. State television channel ITN speculated over whether Mahela Jayawardene and Thilan Samaraweera may have “changed the game” by getting out cheaply. The station added a local […]
‘s losses mount
Mar 02, 2011 (LBO) – Sri Lanka’s Kuruwita Textile Mills said slowing sales and high cotton prices have caused mounting losses that it hopes to mitigate by passing onto customers higher costs and hiring a new chief executive. Interim results filed with the stock exchange showed December 2010 quarter losses of 108 million rupees compared […]
Sri Lankan Airlines to re-start Kochi service, up capacity to Middle East
Mar 02, 2011 (LBO) – Sri Lankan Airlines said it is re-starting operations to India’s Kochi with a daily service and is expanding capacity to Karachi in Pakistan and a number of Middle Eastern destinations from March. The daily service to Kochi will start on March 27, increasing Sri Lankan flights to 63 per week. […]
Fresh Charges
WASHINGTON, March 1, 2011 (AFP) – The US markets regulator charged former Goldman Sachs and Procter & Gamble director Rajat Gupta on Tuesday with insider trading in a high-profile hedge fund case. The Securities and Exchange Commission announced the charges for “illegally tipping Galleon Management founder and hedge fund manager Raj Rajaratnam with inside information […]
Cash Call
Mar 02, 2011 (LBO) – Sri Lanka’s Seylan Bank now being restructured under regulatory supervision said will raise 4. 6 billion rupees (42.6 million US dollars) from shareholders by the sale of new voting and non-voting shares. The bank will issue 43.33 million voting shares at 75 rupees in the proportion of one new share […]
Rest Stop
Mar 02, 2011 (LBO) – The first refueling station at a rest stop mid-way on Sri Lanka’s southern highway which is nearing completion will be operated by state-run Ceylon Petroleum Corporation, petroleum ministry secretary Titus Jayawardene said. The refueling station will be built in Dodangoda, an interchange near Kaluthara, in the stretch between Colombo and […]
Box Slots
Mar 02, 2011 (LBO) – Thailand’s Regional Container Lines (RCL) has started a new Asian container shipping service that will make two weekly calls at Colombo port to cater to growing demand, a statement said. RCL is a Thai-based container shipping line listed on the Thai Stock Exchange and currently owns and operates a fleet […]
Sri Lanka port to double bunker storage
Mar 01, 2011 (LBO) – The Sri Lanka Ports Authority (SLPA) said it is more than doubling bunker storage facilities in Colombo port to cater to an increasing number of ship fuel suppliers. Sales volumes have increased in recent months and the number of bunker supply license holders had increased to 11 from eight in […]
Sri Lanka tea exporter to expand in Russia
Mar 01, 2011 (LBO) – Riston Group, a big Sri Lankan tea exporter to Russia, plans to expand production there with a new factory and also penetrate other markets, company officials said. The firm intends to set up a factory with a floor area of 150,000 square feet this year, which will help to cut […]
Sri Lanka risks forced war crimes probe: US
March 1, 2011 (AFP) – Sri Lanka could be hauled before a war crimes tribunal over the killing of “many thousands of civilians” in the final months of its separatist war with Tamil rebels, a top US official said. In the toughest warning since the end of fighting in May 2009, US Assistant Secretary of […]
‘s Jayawardene mulls action over corruption allegation
March 1, 2011 (AFP) – Sri Lanka’s former skipper Mahela Jayawardene is reportedly considering suing a state-run television network for hinting he may have helped fix a World Cup match against Pakistan. Many Sri Lankan players have been investigated by the International Cricket Council over match-fixing in the past. Jayawardene, who lost his middle stump […]
Pilot killed as Sri Lankan fighter jets collide
March 1, 2011 (AFP) – Two Sri Lankan fighter jets collided in mid-air during an aerobatics training exercise on Tuesday, killing one of the pilots. The pilots from both of the Israeli-built Kfir aircraft ejected, but one of them died while being taken to hospital, a government official said. The crash occurred as the aircraft […]