Author: lbostgadmin
First Pakistan-Sri Lanka Test ends in draw
KARACHI, February 25, 2009 (AFP) – The first Test between Pakistan and Sri Lanka ended in a draw after some late excitement when the tourists lost quick wickets briefly raising hopes of an unlikely result here on Wednesday.The tourists averted defeat after losing five wickets for just 120 runs, finishing the match with the score […]
Sri Lanka re-opens land route to Jaffna
February 25, 2009 (AFP) – Sri Lankan troops has opened the main highway to the northern Jaffna peninsula for the first time in nearly two decades after wresting the route from rebel control, the military said Wednesday.Government troops operated a food convoy Tuesday along the A-9 highway that had been under rebel control since 1990, […]
Sri Lankan Tamil war protester sets himself ablaze
CHENNAI, February 25, 2009 (AFP) – A Sri Lankan Tamil committed suicide by setting himself on fire to protest civilian casualties in Colombo’s military offensive against the Tamil Tiger rebels, Indian police said Wednesday.The Sri Lankan army claims to have driven back the rebels into less than 75 square kilometres (28 square miles) of jungle […]
Loan Slowdown
Feb 25, 2009 (LBO) – Sri Lanka’s DFCC Bank said group net profit for the December 2008 quarter rose 25 percent to 638 million rupees from a year ago but that earnings growth was slowing because of reduced lending and capital gains.Total group income for the December quarter rose 23 percent to 3.5 billion rupees […]
Sri Lankan stocks tumble
Feb 25, 2009 (LBO) – Sri Lankan shares lost 1.19 percent Wednesday with the indices dragged down by losses in heavyweights like Dialog Telekom after it reported a big loss in the December quarter, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]
Sri Lanka Treasury bill yields flat
Feb 25, 2009 (LBO) – Yields of Treasury bills stayed flat across maturities at an auction Wednesday, the government’s debt office said while bonds spiked amid foreign selling earlier in the day. The government sold 1.8 billion rupees of 3-month bills at a weighted average yield of 15.76 percent, 527 million rupees of 6-month bills […]
Sri Lanka rupee falls to 114.80 in bizarre trade; Bill stock Rs184bn
Feb 25, 2009 (LBO) – The Sri Lanka rupee fell to a new low of 114.80 against the US dollar in value tomorrow trade with buying from a state bank, while spot dollars continued to be offered at 113.85 rupees also by a state bank, dealers said.Since September the Central Bank has lost more than […]
Younus smashes double century as Test heads for draw
KARACHI, February 24, 2009 (AFP) – Younus Khan notched a spectacular double hundred to help Pakistan avoid following on against Sri Lanka as the first Test headed towards a draw here on Tuesday. The new captain was unbeaten on 243 for his second Test double hundred which helped Pakistan move to 453-4 at tea on […]
Sri Lanka probes origin of Tiger aircraft
February 24, 2009 (AFP) – Sri Lanka’s military said Tuesday it was trying to establish how the Tamil Tigers managed to buy light planes abroad, smuggle them onto the island and establish a rebel air force.According to the island’s defence ministry, the raid was the last air attack likely to be carried out by the […]
Sri Lanka troops advance on last Tiger hold-out: military
February 24, 2009 (AFP) – Sri Lankan government troops were Tuesday advancing on the last urban area in the north of the island still in the hands of Tamil Tiger rebels, the military said.Brigadier Udaya Nanayakkara said soldiers were “on the fringes of Puthukkudirirppu,” a small town on a narrow strip of land in the […]
Sri Lanka Tiger chief unlikely to surrender: defence chief
February 24, 2009 (AFP) – The elusive leader of Sri Lanka’s Tamil Tiger rebels is not expected to surrender despite losing his de facto state and may instead try to flee by boat, the country’s top defence official said Tuesday. Tiger chief Velupillai Prabhakaran, 54, could use a human smuggling ring to escape by boat, […]
Quick Links
Feb 24, 2009 (LBO) – The disaster management capabilities of Sri Lanka’s regional government offices have been boosted with broadband services which will improve communications and decision-making, a United Nations agency said. “Before we had to physically meet and that was a costly and time consuming exercise,” said Mellawathanthri. “The ADSL connection and the webcam […]