Author: lbostgadmin
Sri Lanka may get US$300mn from new ADB fund: report
July 23, 2009 (LBO) – Sri Lanka may get a 300 million US dollar loan from Asian Development Bank new facility to help stimulate slumping economies in the region, a media report said. A 30-year internal conflict ended after the military wiped out Tamil Tiger separatists in May. “Sri Lanka is in an extremely favorable […]
Sri Lanka IMF loan slammed by rights body
July 23, 2009 (AFP) – Human rights campaigners on Thursday described a 2.5 billion dollar loan to Sri Lanka by the International Monetary Fund as “a reward for bad behavior”.Human Rights Watch said the IMF should have set conditions on the loan, including demands that the Sri Lankan government help re-settle nearly 300,000 Tamil civilians […]
Pakistan eye face-saving win in final Test
July 23, 2009 (AFP) – Pakistan remained on course to win the third and final cricket Test against Sri Lanka after denting the home team’s chase of a world record target on Thursday.Sri Lanka, set an improbable 492 to sweep the series 3-0 after they had won the first two Tests, were 183-3 in their […]
‘s Bharti profits jump 24 pct, still in MTN merger talks
NEW DELHI, July 23, 2009 (AFP) – India’s top mobile company, Bharti Airtel, reported Thursday that first-quarter net profit jumped 24 percent and said it was still in merger talks with South Africa’s flagship MTN cellular group.Bharti said net profit for the three months to June 30 rose to 25.17 billion rupees (526 million dollars) […]
India plans to welcome foreign universities: report
NEW DELHI, July 23, 2009 (AFP) – The world’s leading universities such as Harvard and Yale could soon be allowed to open colleges in India under new legislation proposed by the government, a report said Thursday.India has a severe shortage of higher education institutions and a booming population with more than 30 percent of its […]
Sri Lanka June tea crop down 14 pct
July 23, 2009 (LBO) – Sri Lanka’s tea production in June 2009 fell 14 percent to 23.6 million kilos compared with the same month in 2008 mainly because of sharp falls in teas grown in high and medium elevations, brokers said. In the six months to June 2009, the crop was down 23.8 percent to […]
Skills Gap
July 23, 2009 (LBO) – Sri Lanka faces a shortage of skilled people in the logistics industry with traditional preferences for other occupations deterring youth from making the sector a career choice, an official said. “There’s a serious shortage of skilled people in the logistics industry,” said Rohan Masakorala, director of the Academy of International […]
Sri Lanka shares slightly weaker, Lanka Cement up
July 23, 2009 (LBO) – Sri Lankan shares ended slightly weaker Thursday with a cement firm in which foreign multinationals are interested being actively traded, along with a property company, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index fell 0.19 […]
‘s aging population presents risks, opportunities
July 23, 2009 (LBO) – Sri Lanka’s rapidly aging population could be a big burden in future but also provides a window of opportunity – a time of massive productive labour force and low dependents, a report said.Sri Lanka is the fastest aging country in south Asia, with the elderly population posing many challenges, according […]
Pakistan run into trouble in final Test
July 22, 2009 (AFP) – Pakistan lost three quick wickets to fritter away the advantage on the third morning of the third and final cricket Test against Sri Lanka here on Wednesday. The tourists took their second innings from an overnight 16-1 to 86-4 by lunch at the Sinhalese sports club, an overall lead of […]
‘s ton gives Pakistan control of final Test
July 22, 2009 (AFP) – Former captain Shoaib Malik hit an unbeaten 106 on Wednesday to put Pakistan on course for a face-saving victory in the third and final Test against Sri Lanka here.Pakistan, who lost the first two Tests to hand Sri Lanka a decisive lead in the series, finally flexed their batting muscle […]
Sri Lanka invites bids for coal
July 22, 2009 (LBO) – Sri Lanka has invited bids to supply 2.4 million metric tomes of coal for the country’s first coal power plant built by state-run Ceylon Electricity Board, which is scheduled to be commissioned next year.Lanka Coal Company (Private) Ltd, a specially incorporated company for coal procurement, said in a advertisement in […]