Author: lbostgadmin
Chanderpaul pitch in to defeat Sri Lanka
PORT OF SPAIN, Trinidad, April 10, 2008 (AFP) – Chaminda Vaas lost his nerves, but Shivnarine Chanderpaul kept his, and struck a four and a six off the last two balls to hand West Indies a sensational one-wicket victory over Sri Lanka in the first One-day International here Thursday. Chasing 236 for victory from their […]
‘s Mendis sets tongues wagging on ODI debut
PORT OF SPAIN, Trinidad, April 11, 2008 (AFP) – Tougher days surely lie ahead, but Ajantha Mendis appears to be a spin bowler with a bright future based on the evidence of his One-day International debut for Sri Lanka against West Indies on Thursday at Queen’s Park Oval.The 23-year-old from Moratuwa bowled impressively to collect […]
Nude pic of French first lady Carla Bruni sold for US$91,000
NEW YORK, April 10, 2008 (AFP) – A photograph of a nude Carla Bruni, the ex-model now married to French President Nicolas Sarkozy, was sold Thursday to a Chinese collector for 91,000 dollars at Christie’s — more than 20 times its predicted price. The gelatin silver print, taken by photographer Michel Comte in 1993, depicts […]
Rate hikes expected as Indian inflation spikes to 7.4-pct
NEW DELHI, April 11, 2008 (AFP) – Indian inflation accelerated to 7.41 percent, according to official data released Friday, dealing a blow to the government and fanning expectations of monetary tightening. Annual inflation quickened to 7.41 percent for the week ended March 29, from seven percent the previous week, according to the Wholesale Price Index, […]
Sri Lanka says 26 rebels killed
April 11, 2008 (AFP) – At least 26 Tamil Tiger rebels, two soldiers and a civilian have been killed in fighting across Sri Lanka’s northern districts, the defence ministry said Friday.Security forces smashed rebel bunkers and exchanged artillery with Tamil Tiger guerrillas in two days of fighting, while air force jets bombed a suspected Tiger […]
Call Sign
April 11, 2008 (LBO) – Three channels of the ABC radio network would be on air from on April 15, a top official said. The Sinhalese ‘Hiru’, English ‘Gold’ and Tamil ‘Sooryan’ which is starting on next Tueday is part of a network of five radio stations that were closed by the government last year. […]
Inside Deals
April 11, 2008 (LBO) – A Sri Lankan supreme court judge has proposed amending regulations on stock market offences to cover markets regulators as well as all company shareholders. Supreme court judge Saleem Marsoof said a serious deficiency in the Securities and Exchange Commission (SEC) Act is that it does not provide against the use […]
Private Education
April 11, 2008 (LBO) – Sri Lanka’s Central Bank has called for legislative and regulatory changes to create a favourable environment for private investment in university education. There is an urgent need for introducing a market oriented, efficient mechanism to the existing university education system, the bank said in its 2007 annual report. The education […]
Sri Lanka budget off target, real revenues fall in 2007
April 10, 2008 (LBO) – Sri Lanka’s state revenues were sharply lower than budgeted and current expenditure soared in 2007 while taxes slipped in real terms, newly released government data showed. The government’s total revenues were off target by 34.7 billion with only 565 billion rupees out of the 599.8 billion rupees flowing into government […]
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April 10, 2008 (LBO) – A host of media rights groups from around the world have written to Sri Lankan president Mahinda Rajapakse urging him to ‘stop the war on journalists’ and probe a spate of recent attacks on the island’s media. “The international press freedom and human rights community is extremely concerned that journalists […]
With US in crisis, global economy in peril: IMF
WASHINGTON, April 8, 2008 (AFP) – The global economic outlook is increasingly grim with the United States mired in a recession from a housing meltdown whose effects are still spreading, the IMF said Wednesday. Global expansion is set to slow to 3. 7 percent in 2008 amid an unfolding crisis that began in the United […]
Oil spike, aircraft cost bring down Hong Kong budget airline
HONG KONG, April 10, 2008 (AFP) – Soaring fuel costs and a decision to buy aircraft instead of renting them led to the demise of budget Hong Kong airline Oasis, the company’s founders said in an open letter published Thursday.Raymond and Priscilla Lee apologised to the thousands of stranded passengers, company employees and to investors […]