Author: lbostgadmin
Sri Lankan cricketers rushed to hospital on return from Pakistan
March 4, 2009 (AFP) – Sri Lanka’s wounded and shaken cricketers flew home to Colombo Wednesday and were rushed straight to a local hospital, a day after being attacked in a deadly ambush in Pakistan, officials said. There were emotional scenes as relieved relatives welcomed home the 25-member tour party, who were led from a […]
Cricketer ambush an attack on Sri Lanka-Pakistan relations: United States
Mar 04, 2009 (LBO) – An armed ambush of the Sri Lanka cricket team, which visited Pakistan when India pulled out of a tournament, was an attack on peaceful relations among the two South Asian nations, the United States said. Several Pakistan policemen who were protecting the players died in the attack. “This is not […]
Sri Lanka seeks insurance after Pakistan attack
March 4, 2009 (AFP) – Sri Lanka on Wednesday called for bids to insure the national cricket team, a day after a gunmen ambushed their bus in Pakistan, leaving seven players and an assistant coach injured.Sri Lanka Cricket (SLC) said it was looking for an insurance policy to cover group travel, medical and personal accident […]
Broken Axle
March 04, 2009 (LBO) – Sri Lanka’s once prosperous motor industry has seen a sharp fall in sales, hit by shrinking credit, a fast depreciating rupee and import restrictions, a senior official of the Ceylon Motor Traders Association (CMTA) said. Revenues for the December quarter had plummeted by 17 percent or 384 million rupees, to […]
Long Voyage
March 04, 2009 (LBO) – Sri Lanka’s Hemas Holdings has got two seats on the board of directors of Mercantile Shipping Company, a ship owner and operator in which it acquired a stake last year.Hemas group director Imtiaz Esufally and Irshad Mushin, director – maritime transportation of Hemas group, have been appointed non-executive directors of […]
Sri Lankan shares close down
Mar 04, 2009 (LBO) – Sri Lankan blue chips once again took a beating on Wednesday as investors continued to stay away from the market owing to jitters over poor company earnings and liquidity shortages, broker said. The All Share Price Index lost 0.10 percent (1.62 points) to end at 1,637.85 while the more liquid […]
Sri Lankan beer company profits down
Mar 04, 2009 (LBO) – Sri Lanka’s Lion Breweries December quarter profits have taken a hit from increased finance costs on loans taken to raise fresh capital and secure their 22.5 percent stake in Indian brewer, South Asian Breweries (SAB), analysts said. However, when a preference dividend of 32.8 million rupees is deducted, Lion Breweries […]
Sri Lanka is at medium risk from global fall out: IMF
Mar 04, 2009 (LBO) – Sri Lanka is among low income countries (LICs) at “medium” risk from global economic turmoil, and some nations were at “high” risk needing foreign aid as commercial markets dry up, the International Monetary Fund (IMF) has said. Direct financial transmission of the crisis was spreading to countries like Ghana and […]
Sri Lanka negotiating US$1900mn facility from IMF: Central Bank
March 04, 2009 (LBO) – Sri Lanka has asked for a 1,900 million US dollar balance of payments support facility from the International Monetary Fund (IMF), and the first tranche was expected later this month, the central bank said. Sri Lanka also got support from the IMF after the Indian Ocean tsunami hit the country […]
Sri Lanka comes under IMF microscope
Mar 03, 2009 (LBO) – The International Monetary Fund has sent a mission to Sri Lanka to look at the country’s “near-term outlook”, the global monetary watchdog said, as the island is grappling with the worst balance of payments crisis in a decade. The binges brought minor currency crises in 2004, 2006 and 2007 as […]
Several Sri Lankan players shot and wounded in Lahore: manager
LAHORE, March 3, 2009 (AFP) – Several Sri Lankan cricket players were shot and wounded Tuesday when their bus came under fire in Pakistan’s eastern city of Lahore, their manager Brenden Kurrupu told AFP. . .
Three Sri Lanka cricketers wounded in Pakistan shooting: minister
March 3, 2009 (AFP) – At least three players in the Sri Lankan cricket team were hurt in a gun attack while being driven to the Lahore cricket stadium in Pakistan on Tuesday, Sports Minister Gamini Lokuge said. The team bus came under fire as the players headed to the Gaddafi stadium for the third […]