Author: lbostgadmin
Tests still pinnacle, says Sri Lanka skipper Sangakkara
LONDON, June 22, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara put aside the hype over Twenty20 on Monday and declared that Test cricket remains the pinnacle of the sport. “I think Twenty20 should enhance Test cricket; Tests should have prime importance,” said Sangakkara after his team lost by eight wickets to Pakistan in the […]
‘s external trade contracts in April
June 22, 2009 (LBO) – Sri Lanka exports fell 28.2 percent in April to 437.6 million US dollars from a year ago, imports fell 53.2 percent to 604.3 million dollars, shrinking the trade deficit 75.9 percent to 166.7 million dollars, the Central Bank said. In the 4-months to April, exports were down 16.2 percent to […]
Dispute Resolution
June 22, 2009 (LBO) – Sri Lanka is hosting an international conference on arbitration with the Singapore International Arbitration centre on June 27, the island’s Association of Corporate Lawyers (ACL) said. Held under the theme of ‘Transnational Perspectives on Arbitration’, the conference is targeted at arbitrators, in-house counsel, litigators, legal officers, government officials, banks and […]
Sri Lankan stocks fall as investors take profits
June 22, 2009 (LBO) – Sri Lankan shares closed down Monday due to profit taking by retail investors, interrupting the previous week’s bull-run and while John Keells Holdings (JKH) continued to be actively traded, brokers said. The benchmark Colombo All Share Price Index closed down 0.39 percent (9.66 points) to end at 2,447.20 while the […]
Sri Lanka foreign reserves inch up in April
June 22, 2009 (LBO) – Sri Lanka’s official external reserves without advances to domestic banks had increased 59 million US dollars to 1,131 million US dollars in April from 1,072 million US dollars in March, the Central Bank said. Remittances were 228 million US dollars more than the trade deficit, the Central Bank said As […]
Fed to keep printing despite rising commodity prices: analysts
WASHINGTON, June 21, 2009 (AFP) – A jittery bond market and economic “green shoots” notwithstanding, the Federal Reserve is likely to reaffirm a commitment to keep pumping money into the economy to battle recession, analysts say. The Federal Open Market Committee (FOMC) led by chairman Ben Bernanke is expected at a two-day meeting opening Tuesday […]
Iran lashes out at West, media over unrest
TEHRAN, June 21, 2009 (AFP) – Iran accused Britain and the United States on Sunday of meddling in its affairs, amid an international outcry over its crackdown on protests over the results of last week’s presidential election. It hammered home its message by ordering the expulsion of BBC correspondent Jon Leyne just two days after […]
Pakistan resumes legal battle as World Cup talks fail
LONDON, June 20, 2009 (AFP) – Pakistan cricket chiefs said on Saturday they will restart legal proceedings against the International Cricket Council after talks over hosting World Cup matches in 2011 broke down. “The PCB sought the support of its fellow Asian co-hosts for matches to be played under the aegis of the PCB in […]
”’ Pakistan
LONDON, June 20, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara believes Pakistan’s major asset ahead of Sunday’s World Twenty20 final is their penchant for unpredictability.“Hopefully, there’ll not be much emotion.I think we’ve got to control that part if we want to be mentally strong enough to do what we have to do tomorrow (Sunday).I […]
Boeing readies Dreamliner for first flight
WASHINGTON, June 21, 2009 (AFP) – US aerospace giant Boeing is readying its 787 Dreamliner for first test flight in the coming days, banking on the new fuel-efficient plane to sail above stiff market headwinds. Boeing has built six Dreamliners that will be used in the flight-test program to assure the plane’s safety for the […]
Sri Lanka steps up search for Tiger remnants: report
June 21, 2009 (AFP) – Sri Lanka is pouring more troops into former rebel-held areas in the east of the island to hunt down remnants of the Tamil Tigers following their defeat in the north, a state-run weekly said Sunday.The Tigers have admitted that they lost their top leader Velupillai Prabhakaran in a final battle […]
Sri Lanka standby loan still not ready for board approval: IMF official
June 20, 2009 (LBO) – An International Monetary Fund loan for Sri Lanka is still not ready for approval for its executive board, an official said, though the country is rapidly emerging from a balance of payments crisis. Declining foreign reserves makes investors jittery and can trigger capital flight, while rising interests can cause banking […]