Author: lbostgadmin
Negative Outlook
Feb 15, 2008 (LBO) – Sri Lanka’s rating outlook has been lowered to ‘negative’ by Standard and Poor’s (S&P) who warned that the underlying B+ rating rating could also be downgraded if budgets worsened. The rating agency said short term foreign borrowing was rising and an “apparent” fall in national debt was largely coming from […]
‘s Reach
Feb 15, 2008 (LBO) – International Finance Corporation, the World Bank’s private sector financing arm, has given a 75 million dollar standby loan for John Keells Holdings (JKH) which can be invested abroad, the firms said in a joint statement. “This will promote cross border business and growth of infrastructure across the region,” the statement […]
Sri Lanka shares fall, high interest rates herald uncertainty
Feb 15, 2008 (LBO) – Sri Lankan shares ended lower Friday with transactions in Royal Ceramics and HNB non-voting shares the main feature of the day but continuing high interest and inflation rates are seen dampening investor interest in stocks. The All Share Price Index lost 20.85 points or 0.83 percent to end at 2,485.05 […]
UN seeks 44 million dollars to feed Sri Lanka displaced
Feb 14, 2008 (AFP) – A United Nations agency Thursday appealed for 44 million dollars to feed thousands of people displaced by fighting between Sri Lankan troops and Tamil Tiger rebels. The World Food Programme (WFP) currently feeds more than a million Sri Lankans, of whom 400,000 have been internally displaced. “For now, we urgently […]
Gilchrist bats for under-fire umpires
PERTH, Australia, Feb 13, 2008 (AFP) – Australia’s Adam Gilchrist went in to bat for the umpires on Wednesday, despite being at the wrong end of a dodgy decision at the weekend. “I am not going to hold a grudge against any umpire, particularly that bloke. I respect him…. I have the utmost respect for […]
Sri Lankans focus on Australian frailties
PERTH, Australia, Feb 14, 2008 (AFP) – Sri Lankan captain Mahela Jayawardene vowed here Thursday to target Australian frailties as the tourists bid for top spot in the tri-series table. A win for Sri Lanka on Friday would see them top of the standings, relegating the world champions to bottom place. His own side’s confidence […]
India to propose ban on sledging at ICC meeting
NEW DELHI, Feb 14, 2008 (AFP) – India will propose a ban on sledging — verbally abusing opponents to put them off their game — at an upcoming International Cricket Council (ICC) meeting, a top official said here Thursday.“Cricket is not a physical, contact sport and we don’t see why there should be any abusive […]
‘s News Corp.: report
NEW YORK, Feb 13, 2008 (AFP) – Yahoo is exploring a possible alliance with media conglomerate News Corp.to stave off a take-over by software giant Microsoft, The Wall Street Journal reported on Wednesday. Rupert Murdoch’s News Corp. owns the Journal, as well a global media empire that includes popular online social networking website MySpace, Dow […]
‘s Day to heart
MALE Feb 14, 2008 (LBO) – Unsigned love letters, flowers, tokens and trinkets of undying affection.This is not a page from a romantic novel, but how youngsters in the Islamic Republic of Maldives plan to celebrate Valentine’s Day. Valentine’s Day celebrations and marketing gimmicks have, according to many, reached a new high this year, with […]
Indian Ocean naval summit opens
NEW DELHI, Feb 14, 2008 (AFP) – India on Thursday launched its first naval summit aimed at forging ties with nations that have a stake in the busy maritime lanes of the Indian Ocean.Twenty-six representatives of navies from countries including Australia, Egypt, France and Sri Lanka are attending the Indian Ocean Naval Symposium (IONS), seen […]
Sri Lanka tea prices seen staying strong
Feb 14, 2008 (LBO) – Sri Lankan tea prices are forecast to stay strong this year because of international supply disruptions caused by the violence in Kenya and rising demand from consumers in oil-rich countries, brokers said. “Problems in Kenya will definitely have an impact on global supply during the first quarter of 2008,” brokers […]
‘s Baurs goes deeper into infant food
Feb 14, 2008 (LBO) – Sri Lanka’s diversified A. Baur & Company has launched a new powdered milk brand to boost its share in the premiumn infant milk powder business. Baurs says it already has a 20 percent market share in the infant milk powder segment. The product, ‘Enfakid’, developed by US food giant Mead […]