Author: lbostgadmin
Aussie umpire slams security for terror attack
SYDNEY, March 5, 2009 (AFP) – Australian cricket umpire Steve Davis slammed Pakistan on Thursday for failing to protect him and other officials who came under fire during the attack earlier this week on Sri Lanka’s cricket team.“The driver’s foot was lodged on the accelerator and it was revving at a million miles an hour,” […]
Sri Lanka players recover in hospital after Pakistan attack
March 5, 2009 (AFP) – Two Sri Lankan cricketers injured during a gun and grenade attack in Pakistan have undergone surgery and are recovering in hospital, a doctor said on Thursday. Tharanga Paranavitana who had a bullet lodged in his chest and Thilan Samaraweera, who had shrapnel in his right leg, underwent surgery at a […]
Red Cross worker killed in Sri Lanka war zone
March 5, 2009 (AFP) – A local Red Cross employee was killed in Sri Lanka’s war zone, where troops have cornered Tamil Tiger rebels, an official said on Thursday. “One of our male workers was killed on Wednesday afternoon by shrapnel,” of the International Committee of the Red Cross (ICRC) spokeswoman Sarasi Wijeratne said. Wijeratne […]
Sri Lanka offers new safe exit for trapped civilians
March 5, 2009 (AFP) – Sri Lanka Thursday offered a new safe passage for thousands of civilians trapped in the island’s war zone as fresh fighting erupted, leaving at least 33 rebels dead, the defence ministry said.A pitched battle raged in the village of Chalai on Thursday, a day after a local Red Cross employee […]
Maldives bans reef shark hunting
Mar 05, 2009 (LBO) – The Indian Ocean atoll nation of Maldives said it had banned shark hunting close to shore and a complete ban on shark products exports was on the cards to shore up depleting numbers. The Maldives attracts 600,000 tourists per year and the sector accounts for 28 percent of gross domestic […]
Sri Lanka tea exports fall sharply
March 5, 2009 (AFP) – Sri Lanka, one of the world’s biggest tea exporters, registered a 30 percent drop in overseas sales in January because of a decline in the crop, the Sri Lanka Tea Board said on Thursday. Growers have also curbed output at the request of the Tea Board to manage high production […]
Restructuring
Mar 05, 2009 (LBO) – An investment banking unit linked to a state bank is examining several troubled finance and real estate firms of Sri Lanka’s Ceylinco group, a media report said. The Daily Mirror newspaper said the Merchant Bank of Sri Lanka, a listed subsidiary of state-run Bank of Ceylon, is planning to re-structure […]
Reaching Out
Mar 05, 2009 (LBO) – Sri Lanka’s two biggest banks, state-owned Bank of Ceylon (BOC) and the private listed Commercial Bank, plan to expand in areas of the island’s north and east which have been cleared of Tamil Tiger rebels. Bank of Ceylon’s expansion program is part of the government’s economic revival programs for the […]
Sri Lankan stocks end weaker
March 05, 2009 (LBO) – Sri Lankan shares ended weaker Friday Thursday as more firms reported losses or sharply lower profits with trading volumes thin as investors stayed away from the market, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index […]
Sri Lanka treasuries yields flat
Mar 04, 2009 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction, the government’s debt office said, though the 3-month yield was lower by 03 basis points at 15.73 percent. The government offered 7,000 million rupees worth bills to the market but accepted bids for only 2,747 million rupees to keep rates […]
Sri Lanka to give one month money to banking system
Mar 05, 2009 (LBO) – Sri Lanka’s central bank said it will extend the term of its liquidity facilities, which are now limited to only overnight money, to one month for commercial banks and primary dealers who have persistent liquidity shortfalls. In the United States Federal Reserves system, excess reserves, which were around 2.0 billion […]
Pakistan hunts attackers of Sri Lanka cricket team
LAHORE, March 4, 2009 (AFP) – Pakistan stepped up a manhunt on Wednesday for the armed militants behind a deadly ambush targeting Sri Lanka’s cricket team, which has plunged the troubled nation deeper into crisis.It was the first deadly direct assault against a sports team in nuclear-armed Pakistan, where over 1,600 people have died in […]