Author: lbostgadmin
Sri Lankan government wins crucial budget vote
Nov 19, 2007 (LBO) – The Sri Lankan government won a crucial vote in parliament to pass its budget for 2008 on Monday afternoon after days of speculation. The decision came after much speculation about the fate of the government if it failed to muster enough votes to have the budget passed by parliament. If […]
Sri Lanka in trouble against Aussies
HOBART, Australia, Nov 19, 2007 (AFP) – Sri Lanka hit early trouble in their chase for an improbable 507 runs to win the second cricket Test and square the series with Australia at Bellerive Oval on the fourth day here Monday.Jaques was chasing his third consecutive century against Sri Lanka in the series.The tourists began […]
‘s double strike gives Aussies winning scent
HOBART, Australia, Nov 19, 2007 (AFP) – Brett Lee undermined Sri Lanka’s hopes of chasing down a history-making 507 runs against Australia in the second cricket Test with two crucial wickets late on the fourth day here Monday.The pace spearhead lured Marvan Atapattu into a trap for his favoured hook shot and then bowled first-innings […]
Dollar weak in Asian trade on Fed concerns
TOKYO, Nov 19, 2007 (AFP) – The dollar was weak in Asian trade Monday in the wake of soft US economic news as investors wonder about the US Federal Reserve’s interest rate policy action next month, dealers said. Trade moved in tight ranges as investors squared positions in shortened trade this week ahead of holidays […]
Fashion Queen
Nov 19, 2007 (LBO) – British fashion queen Jane Shepherdson is planning a new venture, the former Topshop brand director said on a visit to Sri Lanka, which is fast becoming a centre for high-end apparel manufacture. “I™m planning to start a new business soon, that is all I can say, she told LBO. Shepherdson […]
Lite Ceiling
Nov 19, 2007 (LBO) – The piercing of the sovereign ceiling by a Sri Lankan telco has raised hopes of better credit ratings for the country’s top companies, which have been saddled with junk ratings due the parlous state of the government’s own finances. Last week, S&P upgraded the credit rating of Sri Lanka Telecom […]
Tele Rating
Nov 19, 2007 (LBO) – Fitch Ratings has confirmed Sri Lanka Telecom’s BB- rating with a negative outlook and its AAA (lka) national rating with a stable outlook, the agency said Monday. “SLT’s ratings reflect the company’s strong positive free cash flow generation, its strong and improving financial profile and entrenched market position,” the rating […]
Lease Rate
Nov 19, 2007 (LBO) – Fitch Ratings Lanka said Friday it has confirmed the ‘BB+(lka)’ National Long-term rating of Seylan Merchant Leasing Limited (SML). The Outlook on the rating is Stable. “SML’s rating reflects its modest financial profile, short operating history and limited revenue diversity,” Fitch Ratings said. “The rating also factors in the implied […]
‘s arrest embarrasses govt
Nov 18, 2007 (AFP) – A Tamil guerrilla leader accused of involvement in war crimes is becoming a major embarrassment to Sri Lanka’s government following his arrest in Britain.Vinayagamoorthi Muralitharan, the leader of a breakaway faction of the Tamil Tigers rebel group, was detained in London earlier this month on a charge of entering the […]
Sri Lanka all out for 246 in second Test
HOBART, Australia, Nov 18, 2007 (AFP) – Sri Lanka were all out for 246 in reply to Australia’s first innings 542 for five declared late on the third day of the second cricket Test at Bellerive Oval here Sunday. Even though Australia held a 296-run lead on the first innings, skipper Ricky Ponting decided to […]
‘s mixed feelings after Test hundred
HOBART, Australia, Nov 18, 2007 (AFP) – Skipper Mahela Jayawardene produced one of his great fighting innings for his first century against Australia but has mixed feelings after another poor Sri Lankan batting display here Sunday.The gifted 30-year-old right-hander defied the Australian bowlers to post a resilient 104 as Sri Lanka crumbled to be all […]
Bangladesh says cyclone death toll hits 2,000
DHAKA, Nov 18, 2007 (AFP) – Bangladesh said Sunday the death toll from a massive cyclone hit 2,000, with that grim tally certain to rise as the impoverished country struggled to get aid to millions of people left homeless.The death toll has been jumping by hundreds at a time as rescue workers fight their way […]