Author: lbostgadmin
Sri Lanka win against Pakistan
KARACHI, June 29, 2008 (AFP) – Kumar Sangakkara hit a fighting hundred and spinner Ajanta Mendis took four wickets to power Sri Lanka to a 64-run win over Pakistan in their Asia Cup Super League clash here on Sunday.The left-hander scored 112 to lift Sri Lanka to 302-7 after Pakistani paceman Sohail Tanveer notched up […]
Eurozone interest rates set to rise as inflation erupts: analysts
FRANKFURT, June 29, 2008 (AFP) – Eurozone borrowing costs are set to rise when the European Central Bank convenes Thursday, seeking to tame a fledgling inflation monster before turning its attention to slumping growth. Interest rate cuts “will not be on the agenda until the all-clear is given on the inflation front,” Commerzbank economist Ralph […]
Kenya needs one billion dollars to address food crisis
NAIROBI, June 30, 2008 (AFP) – Kenya needs 72 billion shillings (1.1 billion dollars or 708 million euros) in emergency funding to counter a food crisis that has helped drive inflation to over 30 percent, an official said.“We urgently need the funds in the next three months to address immediate needs and mitigate the current […]
Emerging markets vulnerable to US slowdown – BIS
BASEL, June 30, 2008 (AFP) – Emerging markets, which economists say are able to withstand the current financial crisis, could still be hurt by an economic slowdown in the United States, the world’s top forum of central bankers warned Monday.The Bank for International Settlements said in its annual report that the United States remained a […]
Euro jumps against US currency, oil surges past 143 dollars
LONDON, June 30, 2008 (AFP) – The euro rose against the dollar on Monday as oil prices rocketed past 143 dollars per barrel for the first time, while traders awaited this week’s expected rate rise from the European Central Bank. The European single currency rose to 1.5823 dollars in morning London trading from 1.5775 dollars […]
Sri Lanka army chief says needs a year to beat Tigers
June 30, 2008 (AFP) – Sri Lanka’s army chief said Monday his forces have wiped out the conventional military capability of the Tamil Tigers, but that they needed another year to totally defeat the rebels. Lieutenant General Sarath Fonseka said the Liberation Tigers of Tamil Eelam (LTTE) guerrillas were no longer able to resist security […]
Sri Lanka Aitken Spence Maldivian water villas named the best
June 30, 2008 (LBO) – Sri Lanka’s Aitken Spence conglomerate has won an award for the best water villas in the Maldivian atolls, the company said. Aitken Spence’s Adaaran ˜Prestige’ Water Villas in the Maldives won the ˜Maldives Leading Water Villas’ award at the World Travel Awards Asia and Indian Ocean Ceremony held in Shanghai. […]
Sri Lanka tourism gets World Bank support
June 30, 2008 (LBO) – The World Bank has agreed to provide funds to the Sri Lankan government for a tourism initiative among small entrepreneurs and rural communities, the Ministry of Tourism said in a statement. The assurance of support came after talks by Tourism Minister Milinda Moragoda with Wold Bank officials in Washington DC, […]
Shipping Risk
June 30, 2008 (LBO) – The Sri Lankan government is considering establishing a fund based on a levy charged from merchant vessels to handle emergencies caused by oil spills, a senior official said. Marine Pollution Prevention Authority (MPPA) chairman Ranjit Kularatne said the potential for oil spills caused by ship accidents is very high given […]
Sri Lankan shares end weaker
June 30, 2008 (LBO) – Sri Lanka’s shares ended weaker Monday with Diesel & Motor Engineering (DIMO) and Vallibel Power Erathna being among the most actively traded stocks, brokers said. The all share price index fell 0.51 percent (12.59 points) to 2,457.84 while the more liquid Milanka price index was down 0.40 percent (12.05 points) […]
Sri Lanka to motivate youth in policy reform
June 29, 2008 (LBO) – Sri Lanka is planning to recognize youth involved community development, in a bid to encourage young people to come forward and contribute to policy reform, an official said.The Young Community Leaders (YCL) award scheme is organized by Sri Lanka’s Banadaranaike Institute for International Studies (BCIS). The YCL awards which will […]
Sri Lankan spin star targets one-day record
KARACHI, June 29, 2008 (AFP) – Sri Lanka’s spin wizard Muttiah Muralitharan said his immediate target at international level is to overhaul Pakistani bowler Wasim Akram’s world record of one-day wickets.“I want to take 30-odd wickets to get to Wasim’s world record in one-day cricket and try out for 1,000 wickets in Tests,” Muralitharan said […]