Author: lbostgadmin
Sri Lanka shares end lower, Dankotuwa in demand
June 28, 2010 (LBO) – Sri Lankan stocks closed weaker Monday as investor ardour cooled off, with Dankotuwa Porcelain in demand after it struck a deal saving it from closure, brokers said. “While continuing to see value in select stocks, we feel some of the ‘over-bought’ shares could bring down the sentiment over the short-run. […]
Sri Lanka to import chicken after slapping twin controls on poultry farmers
June 27, 2010 (LBO) – A state agency will import chicken to Sri Lanka a media report said, after government price controls created ‘shortages’ and production costs were pushed up by a policy to keep maize prices high. The Island newspaper quoted D D Wanasinghe, who heads a poultry farmer association as saying that production […]
Sri Lanka rice autarkists urge food controls on the sick: report
June 26, 2010 (LBO) – Interest groups backing ‘domestic production’ have urged the state restrict the types of food available for sick people in state hospitals as well as the military, a media report said. The Sunday Island said a group calling itself the Mawbima Lanka Padanama (motherland Lanka foundation) had also urged the state […]
Vettori, McCullum to miss Sri Lanka, India ODIs
WELLINGTON, June 27, 2010 (AFP) – New Zealand has left its two most senior cricketers, Daniel Vettori and Brendon McCullum, out of the squad named Sunday for next month’s limited over series against Sri Lanka and India in Sri Lanka. Vettori has been allowed to stay home as the tour coincides with the birth of […]
Sri Lanka halts foreign league matches for players
June 27, 2010 (AFP) – Sri Lanka Cricket on Sunday barred its players from participating in overseas domestic leagues until the World Cup next year. The team is also due to tour Australia for a one-day series before West India travel to Sri Lanka in November in the build-up to the World Cup. Sri Lanka, […]
Pakistan and India to fight terrorism together
ISLAMABAD, June 26, 2010 (AFP) – Pakistan and India announced Saturday they would fight terrorism together and cooperate on the 2008 Mumbai attacks as India urged Pakistan to put more suspects on trial for the atrocity. Indian Home Minister P. Chidambaram and his Pakistani counterpart Rehman Malik have concluded two meetings in Islamabad with a […]
SriLankan Airlines losses lower in March quarter
June 26, 2010 (LBO) – SriLankan Airlines has cut losses in the year to March 2010, and was looking to turnaround in the second half of this year, but may need financial re-structuring in the future, an official said. The airline is now saddled with Mihin Lanka, a loss making start-up budget carrier. A report […]
Rare Happening
BEIRUT, June 25, 2010 (AFP) – A Lebanese woman was sentenced to one month in jail for mistreating her Sri Lankan housemaid, court papers showed on Friday, a rare happening in a country where rights groups regularly denounce the ill-treatment of foreign domestic helpers. Rights associations defending immigrant workers decry that these labourers are not […]
Transport Blues
June 26, 2010 (LBO) – Sri Lanka’s private bus sector can push up revenues by about 20 percent by cutting leakages with an online ticket machine, but the subsidy-happy operators want taxpayer support help them earn bigger profits. “On average about daily ticket collection are lost due to leakages in the system,” Amal S Kumarage, […]
Nehra inspires India to Asia Cup title
DAMBULLA, June 24, 2010 (AFP) – India’s pace battery led by Ashish Nehra demolished Sri Lanka to help their team win the Asia Cup with a comfortable 81-run win on Thursday. Dinesh Karthik top-scored with 66 as India made 268-6 after electing to bat in the day-night final, before the defending champions and hosts were […]
SriLankan Airlines looks for two narrow body aircraft
June 25 – Sri Lankan Airlines is looking for two Airbus A320 aircraft to join is fleet by late 2010 as it plans to expand the winter schedule amid a pick up in tourism traffic, chief executive Manoj Gunawardena said. Sri Lankan said it will also increase flights to India by one to 50 frequencies […]
Bharti to invest 150 million dollars in Zain Zambia
LUSAKA, June 24, 2010 (AFP) – India’s mobile phone company Bharti Airtel plans to invest 150 million dollars in Zain Zambia, chief executive officer Manoj Kohli said on Thursday. It has also acquired the operations of Zain Zambia’s parent company, Zain Africa in 15 African countries, including Burkina Faso, Chad, Congo Brazzaville and Democratic Republic […]