Author: lbostgadmin
Ruthless South Africa enjoying Twenty20, says Smit
NOTTINGHAM, June 12, 2009 (AFP) – South African captain Graeme Smith is ready for the challenges ahead in the World Twenty20 after a crushing seven-wicket win over hosts England. Smith praised young left-arm seamer Wayne Parnell, who picked up three wickets to wreck England’s batting before Jacques Kallis hit a half-century to guide the Proteas […]
Sri Lankan stocks up 3.93% during week
June 12, 2009 (LBO) – Sri Lankan shares ended higher Friday as retailers chased speculative stocks and a handful of blue chips, brokers said. The Colombo All Share Price Index closed up 1.55 percent (34.51 points) to end at 2,254.62 while the Milanka index of liquid stocks gained 1.70 percent (42.24 points) to close at […]
Japan urges Sri Lanka to engage international community
June 11, 2009 (AFP) – Japan on Thursday urged Sri Lanka to develop closer ties with the international community as Colombo tries to rebuild the war-battered north of the island after decades of bloody ethnic conflict.Akashi said international opinion was divided on the way the conflict with the Liberation Tigers of Tamil Eelam (LTTE) ended, […]
On-song Sri Lanka set for Super Eights
NOTTINGHAM, June 11, 2009 (AFP) – Sri Lanka emerged as one of the favoured teams in the World Twenty20 after their clinical destruction of mighty Australia and the West Indies in the first round.
Sri Lanka Mitsubishi agent makes loss
June 11, 2009 (LBO) – Sri Lanka’s United Motors Lanka Limited (UMLL) group, agents for Japan’s Mitsubishi lost 90 million rupees in the March 2009 quarter as revenues dropped 13.0 percent to 7.30 billion rupees. For the year to March the firm lost 2.53 million rupees while revenues dropped 13.0 percent to 7.30 billion rupees. […]
India orders no-fishing zones in security move
NEW DELHI, June 11, 2009 (AFP) – The Indian government is to ban fishing near sensitive facilities as part of an ongoing major security upgrade spurred by last year’s attacks on Mumbai by Islamic militants, an official said Thursday.No-fishing zones will be created along 7,500 kilometres (4,650 miles) of designated coastal zones to protect “important” […]
Geothermal energy industry could create 17,000 Australian jobs: report
BRISBANE, June 11 (Asia Pulse) – More than 17,000 jobs could be created in Australia’s geothermal energy industry by 2050, a new report says. The geothermal industry, which involves extracting heat stored in the earth to generate power, is growing in Australia with almost 400 tenements for projects and around $A1.5 billion (US$1.2 billion) in […]
Northern Banking
June 11, 2009 (LBO) – Sri Lanka’s central bank said banks have been given the nod to open 67 new outlets in the last three weeks in the north of the island after the area was freed of Tamil Tigers. “This trend of banking expansion in the Northern Province is expected to grow with the […]
Dark Continent
June 11, 2009 (LBO) – Sri Lanka’s Commercial Bank of Ceylon is planning to finance renewable power plants in Africa with the help of the International Finance Corporation (IFC), an official said. Commercial Bank officials did not say who their engineering partners in Uganda would be. In July 2007 Sri Lankan power company Eco Power […]
Sri Lankan shares close up 0.8-pct
June 11, 2009 (LBO) – Sri Lankan stocks closed up 0.8 percent Thursday as investors targeted fundamentally strong stocks while expectations were also strengthening that an International Monetary Fund (IMF) bail out would come, brokers said. The Colombo All Share Price Index closed up 0.80 percent (17.68 points) to end at 2,220.11 while the Milanka […]
Sri Lanka ruling party popularity could help budget: S&P
June 10, 2009 (LBO) – The electoral popularity of President Mahinda Rajapaksa could help improve Sri Lanka’s budget by reducing the clout of smaller extremist parties, Standard & Poor’s rating agency has said. “With slowing growth, sharply falling imports and much lower inflation, official revenue goals and the deficit target of 7.5 percent of GDP […]
Sri Lanka detains Canadian MP: officials
June 10, 2009 (AFP) – A Canadian MP was detained on arrival at Sri Lanka’s international airport on Wednesday and could be deported for allegedly having supported the Tamil Tiger rebels, officials said.Bob Rae, a Liberal member of parliament and outspoken critic of the Sri Lankan military’s offensive against the rebels, was stopped at Bandaranaike […]