Author: lbostgadmin
Sri Lanka court allows oil derivative payments
Jan 27, 2009 (LBO) – Sri Lanka’s Supreme Court has ended a freeze on payments by state-run Ceylon Petroleum Corporation to commercial banks on derivatives of nearly a million barrels of crude and refined products.In November 2008 Sri Lanka’s Supreme Court halted payments by CPC on oil derivatives struck with Citibank, Standard Chartered, Deutsche Bank, […]
‘s Murali set for record double in India series
DAMBULLA, January 26, 2009 (AFP) – Ace Sri Lankan spinner Muttiah Muralitharan is poised to complete a record bowling double during the one-day series against India starting on Wednesday. The off-spinner is just three wickets short of surpassing former Pakistani paceman Wasim Akram’s world record of 502 one-day scalps, having grabbed 500 in 324 matches […]
Sri Lankan Tigers flee to jungle as troops take final bastion
January 26, 2009 (AFP) – Sri Lankan government troops were Monday pushing into the last pockets of jungle still held by Tamil Tigers after the capture of the rebels’ last urban stronghold and military headquarters.Soldiers on Sunday overran Mullaittivu, a northeastern coastal lagoon town that was the Tigers’ main base for more than a decade, […]
Sri Lanka Tigers set to return to guerrilla warfare
January 26, 2009 (AFP) – After a series of battlefield defeats, Sri Lanka’s Tamil Tiger rebels have lost their conventional fighting capability, but analysts say they will fight on using guerrilla tactics.Once known as a ruthlessly efficient separatist group, the Tamil Tigers over three decades established a de facto mini-state which in recent weeks has […]
Sri Lanka civilians killed, wounded in shelling: UN
January 26, 2009 (AFP) – The United Nations said Monday at least 30 civilians had been killed in fighting between government forces and rebels in Sri Lanka amid a drive to root out the last pockets of Tamil Tiger resistance.The UN spokesman in Colombo, Gordon Weiss, said at least 10 civilians were killed on Monday […]
Obama to let states set higher emissions standards: report
WASHINGTON, January 26, 2009 (AFP) – President Barack Obama on Monday is expected to issue new regulations allowing several US states to set tougher car emissions and fuel efficiency standards, the New York Times reported, citing administration officials.He also will direct the Department of Transportation to immediately begin drafting automobile fuel-economy regulations to comply with […]
Sri Lanka tourist arrivals from major markets fall sharply
Jan 26, 2009 (LBO) – Tourist arrivals into Sri Lanka last year fell sharply from its main markets of India and Britain whose currencies also depreciated significantly against the dollar. Tourist industry analysts said that the downturn in tourism could worsen this year because of the weaker currencies and economic slowdown in key visitor generating […]
Sri Lanka stocks lifted by war victories, higher tea prices
Jan 26, 2009 (LBO) – Sri Lankan share prices rose 3.19 percent Monday as investor sentiment was buoyed by more military gains against Tamil Tiger rebels with the fall of a guerrilla stronghold and selective buying by funds.Investments funds and high-net-worth individual investors also appeared to be slowly returning to the market after staying away […]
‘s other war keeps media on the run
January 25, 2009 (AFP) – Sri Lanka is in the grip of its biggest military offensive against Tamil Tiger rebels, but the country’s journalists are also facing an unprecedented battle of their own. Unidentified attackers stabbed weekly newspaper editor Upali Tennakoon and smashed his car as he drove to work Friday in the latest in […]
‘s Jayawardene eyes India challenge after Pakistan rout
LAHORE, January 24, 2009 (AFP) – Sri Lankan captain Mahela Jayawardene said his team were progressing well and he was looking forward to facing India after thumping Pakistan Saturday to win the one-day series 2-1.Jayawardene’s team beat the home side by a whopping 234 runs in the third and final day-night international — the heaviest […]
Sri Lankan Airlines in discounted internet sales strategy
Jan 25, 2009 (LBO) – Sri Lankan Airlines has launched a discounted online ticket sales program where cut price tickets can be bought by booking ahead, the company said, tapping the price-sensitive end of the market. “We are giving these incredible discounts to almost all our destinations in Europe, the Middle East, South Asia, and […]
Sri Lanka troops enter final Tiger town: govt
January 25, 2009 (AFP) – Sri Lankan troops on Sunday fought their way into Mullaittivu, the last town held by Tamil Tiger rebels who are holed up in the northeast of the island, a government spokesman said. “For the last time, I am telling the LTTE to lay down arms and surrender,” he said in […]