Author: lbostgadmin
ICC panel recommends shorter World Cup
KUALA LUMPUR, Feb 20, 2008 (AFP) – The 2011 World Cup in South Asia should be shorter and with fewer teams, an International Cricket Council (ICC) panel recommended on Wednesday.The 10 chief executives were joined here by ICC chief executive Malcolm Speed, ICC president-elect David Morgan of England and India’s Sunil Gavaskar, who heads the […]
‘s Jayawardene expects no respite from Aussies
MELBOURNE, Feb 21, 2008 (AFP) – Sri Lankan captain Mahela Jayawardene said Thursday he didn’t think Australia would be affected by recent off-field distractions when the two sides meet in their tri-series match on Friday.Sri Lanka must beat Australia to revive their tri-series finals hopes and the home side has had plenty to consider this […]
Dollar firms as high US inflation put question mark on new Fed printing
NEW YORK, Feb 20, 2008 (AFP) – The dollar firmed Wednesday after higher-than-expected US inflation data raised concerns the Federal Reserve will curb interest-rate easing aimed at boosting sluggish economic growth. Dealers said government figures showing US consumer inflation rising 0.4 percent in January, above forecasts for a 0.3 percent gain, was a cause for […]
New York oil prices hit a record 101.27 dollars
NEW YORK, Feb 20, 2008 (AFP) – New York oil prices struck a record 101.27 dollars a barrel Wednesday on renewed global supply jitters.Oil prices have jumped in the past couple of days amid the supply concerns. The latest price spike burst a prior record peak for New York oil prices of 100.40 dollars struck […]
Dollar weak, gold and oil hit new records amidst loose Fed policy
LONDON, Feb 21, 2008 (AFP) – The dollar dipped against leading currencies on Thursday as dealers worried about slowing economic growth in the United States, analysts said.In European trading, the euro rose to 1.4746 dollars, from 1.4712 dollars in New York late on Wednesday.Against the Japanese currency, the dollar eased to 108.05 yen from 108.13. […]
Bottom Dwellers
Feb 21, 2008 (LBO) – The market for high rise apartments in Sri Lanka has bottomed out and prices are unlikely to fall further, a group of property developers and construction contractors said. Economic analysts have pointed out that Sri Lanka’s recent rise in land and property was an asset price bubble fired loose monetary […]
Sri Lanka gets $22mn UNDP grant to develop coconut industry
Feb 21, 2008 (LBO) – The United Nations Development Fund (UNDP) is to grant Sri Lanka 22 million dollars to develop the coconut industry, officials from the ministry of coconut development said. The funds will be used to improve small and medium coconut businesses, especially small holder cultivators, said Newton Peiris, advisor at the ministry […]
Hop Across
Feb 21, 2008 (LBO) –Standard & Poor’s will start an office in India allowing a closer watch on Sri Lanka and other South Asian nations, the rating agency said. S&P had a subsidiary in India, CRISIL, but permission to set up a fully-owned subsidiary has only just been given. The South Asian office in Mumbai […]
National Pension
Feb 21, 2008 (LBO) – Sri Lanka’s state-run savings giant, National Savings Bank entered the pensions market with a campaign specifically targeted at young savers, officials said. Sri Lanka’s central bank governor Nivard Cabraal said the scheme will give an opportunity for private sector workers to save for their retirement as formal pensions were only […]
” in north
Feb 20, 2008 (AFP) – Heavy fighting erupted in northern Sri Lanka Wednesday with troops and Tamil Tiger rebels trading artillery fire that left scores of combatants dead or wounded, the island’s defence ministry said.The rebel Liberation Tigers of Tamil Eelam (LTTE) launched a major attack against military positions in the district of Mannar and […]
Sri Lankan Tigers kill three soldiers in south
Feb 20, 2008 (AFP) – Suspected Tamil Tiger separatists on Wednesday shot dead three government soldiers in Sri Lanka’s restive south, the military said. Gunmen from the Liberation Tigers of Tamil Eelam (LTTE) fired at troops guarding a road in Buttala, an area that has recently experienced several attacks, military spokesman Udaya Nanayakkara said. “Three […]
‘s Dhoni US$1.5mn, Sri Lanka Murali, US$600,000 at cricket auction
MUMBAI, Feb 20, 2008 (AFP) – India one-day captain Mahendra Singh Dhoni went for a huge 1.5 million dollars on Wednesday as some of the world’s best players were auctioned off for the Twenty20 Indian Premier League (IPL). . Chennai paid nearly four times the wicketkeeper-batsman’s base price of 400,000 dollars in the opening round […]