Author: lbostgadmin
‘s national carrier slaps fuel surcharge
June 28, 2008 (AFP) – Sri Lanka’s national carrier, Sri Lankan Airlines, will re-introduce a fuel surcharge to cover rising jet fuel costs, the airline said Saturday. “Sri Lankan Airlines has re-introduced the fuel surcharge for travel and ticketing effective July 1,” the airline said. It said flights between Sri Lanka and Southeast Asian countries […]
Sri Lanka says another 46 killed in fresh fighting
June 28, 2008 (AFP) – Sri Lankan security forces killed at least 44 Tamil Tiger rebels for the loss of two of their own soldiers in fresh ground battles in the island’s embattled north, the defence ministry said Saturday. The rebels from the Liberation Tigers of Tamil Eelam (LTTE) were killed in separate clashes on […]
‘s Mendis career-best bowling helps down UAE
LAHORE, June 26, 2008 (AFP) – Unorthodox spinner Ajantha Mendis took a career-best 5-22 to help Sri Lanka overcome a fighting United Arab Emirates by 142 runs in the final Group A match played at the Gaddafi Stadium here on Thursday. Mendis triggered a collapse in the UAE batting ranks as the qualifiers lost eight […]
Sri Lanka Cricket pays off debts with TV rights proceeds
June 27, 2008 (LBO) – Sri Lanka Cricket, the island’s richest sporting body, said it has paid off its debts with proceeds from the sale of television rights for the forthcoming tour in the island by India. The board lost 11 million dollars when South Africa pulled out of a triangular one-day series in 2006, […]
‘s Sangakkara, Muralitharan win Castrol awards
June 27, 2008 (LBO) – Sri Lankan cricketers Kumar Sangakkara and Muttiah Muralitharan won the Castrol Asian Batsman and Bowler award in test cricket at a function held in Karachi Friday. India’s Sourav Ganguly became the first recipient of the Castrol Asian Cricketer of the Year Award, a company statement said. “Ganguly has had a […]
‘s billionaires face daily struggle to make ends meet
HARARE, June 27, 2008 (AFP) – The prices at Dzidzai Guti’s makeshift stall can seem eye-popping, with rotting oranges, a pack of cigarettes and bananas fetching as much as 250 million Zimbabwean dollars.But the 27-year-old gardener struggles.He and his wife, who works as a maid, live in a room in the back of his boss’s […]
Oil prices ease after hitting record 140 dollars
SINGAPORE, June 27, 2008 (AFP) – Oil prices eased in Asia on Friday after reaching 140 dollars for the first time following the OPEC president’s forecast that prices could soon surge as high as 170 dollars a barrel. New York’s main oil futures contract, light sweet crude for August delivery, dropped 18 cents to 139.46 […]
Global stocks slide as oil prices rocket to US$142
LONDON, June 27, 2008 (AFP) – European stocks mostly fell on Friday as oil prices shot to record levels, but losses were less than falls on other global markets hit by soaring crude costs and a weak US economy. Concerns are growing among investors that rising energy costs will fuel inflation and lead to higher […]
Sri Lankan stocks end weaker
June 27, 2008 (LBO) – Sri Lankan stocks ended weaker Friday with the market failing to sustain the momentum generated by businessman Dammika Perera’s share deals in which he sold his power firm and became the single largest shareholder of Hayleys.The all share price index fell 0.35 percent (8.78 points) to 2,470.43 while the more […]
Sri Lanka says economic sanctions no help in fighting terror
June 26, 2008 (LBO) – Economic pressure on Sri Lanka by the international community at a time when the Tamil Tigers are targeting the economy is not helping in the struggle against terror, a senior diplomat has said. Foreign Affairs Ministry secretary Palitha Kohona said the Tamil Tigers, consistent with the strategy of other terrorist […]
Sri Lanka tsunami survivors revive livelihoods with ILO support
June 26, 2008 (LBO) – The International Labour Organisation (ILO) and Belgian government have helped tsunami survivors in eastern Sri Lanka rebuild their lives through self-employment schemes, a senior official said. The ILO’s CB-TREE (community-based training for economic empowerment) methodology has helped restore livelihoods and revival of the local economy of the Amparai district, said […]
Sri Lanka debt burden cause for worry: RAM Ratings
June 26, 2008 (LBO) – Sri Lanka’s debt burden is a cause for concern with resort to foreign borrowings only providing temporary relief in bridging the fiscal deficit, RAM Ratings (Lanka) said. The rating agency said the growing loan interest payments are also of some concern for overall government finances especially at the prevailing higher […]