Author: lbostgadmin
Sri Lanka hopes for tourism recovery with easing of travel advisories
Sept 15, 2007 (LBO) – Sri Lanka is confident of achieving its target of attracting 600,000 tourists this year following the relaxation of travel advisories in key markets, tourist board officials say. “We are confident that this year, looking at the progress we have, we’ll be able to achieve 600,000 tourists for this year,” S. […]
Sri Lanka statistician propounds new theory; takes on central bankers
Sept 14, 2007 (LBO) – Sri Lanka’s top statisticians put forward a new theory on exchange rates and took on the central bank governor and Fed chairman Ben Bernanke in a bid to explain rising inflation with long discredited failed ideas. . Hidden Theory Questioned by journalists about the falling Sri Lanka rupee, especially at […]
More Lube
Sept 14, 2007 (LBO) – The Sri Lanka has given approval for three more companies to sell lubricants in the island, raising to nine the number of companies in the market which is dominated by the US brand Caltex. Sri Lanka’s annual lube market is around 45,000 kilolitres. The new companies to enter the fray […]
Sri Lanka says Tiger flotilla suffers severe losses
Sept 13, 2007 (AFP) – Sri Lanka’s military Thursday said it caused “severe losses” in a combined sea and air attack against suspected Tamil Tiger boats off the island’s northeastern waters, but gave no details of casualties.More than 5,400 people have been killed in fighting in the past 21 months following the breakdown of a […]
Sri Lanka moves to avoid criticism over rights abuses
Sept 14, 2007 (AFP) – Sri Lanka said Friday it was ready to accept foreign scrutiny of its human rights record in a bid to head off formal United Nations criticism over a spate of killings and disappearances.At the same time the war-torn island’s government, locked in a decades-old war with Tamil Tiger separatists, also […]
” sanctions
PARIS, Sept 13, 2007 (AFP) – McLaren boss Ron Dennis has refused to accept the FIA’s decision to strip his team of their 2007 constructors’ championship points for their involvement in the Formula One spy saga. Formula One’s governing body has also fined the British team 100 million dollars for incorporating illegally obtained Ferrari intellectual […]
Kenya elect to field against Sri Lanka
JOHANNESBURG, Sept 14, 2007 (AFP) – Kenya captain Steve Tikolo won the toss and sent Sri Lanka in to bat in a group C match of the Twenty20 world championships at the Wanderers here on Friday.Kenya need a win to stay in contention for the Super Eights round after losing their first game to New […]
Sri Lanka thrash Kenya for highest T20 total
JOHANNESBURG, Sept 14, 2007 (AFP) – Sri Lanka went on a spectacular run spree to post the highest Twenty20 total of 260-6 in the world championship match against hapless Kenya here on Friday.Veteran Sanath Jayasuriya led the way with 88 off 44 balls and captain Mahela Jayawardene hit 65 off 28 before Jehan Mubarak smashed […]
Bank of England to bail out British lender: reports
LONDON, Sept 13, 2007 (AFP) – The Bank of England has agreed to provide emergency funding to mortgage lender Northern Rock after it fell victim to the liquidity squeeze in the banking sector, media reports said on Thursday.In an interview with the Telegraph published on Thursday, Chancellor of the Exchequer Darling said that in “crude […]
Google founders pay million dollar parking fee
SAN FRANCISCO, Sept 13, 2007 (AFP) – Google founders Larry Page and Sergey Brin park their jet just a stone’s throw from their offices, paying 1.3 million dollars a year for rights at a federally maintained airfield, The New York Times reported Thursday.Why put up with bothersome local traffic when you can shell out a […]
Lifestyle disease deaths may double by 2015, WHO warns
SEOUL, Sept 14, 2007 (AFP) – World deaths from “lifestyle” diseases will double by 2015 unless all-out efforts are taken to combat them, the World Health Organisation (WHO) warned Friday.It said about 17 million people die prematurely each year as a result of the global epidemic of largely preventable chronic diseases — the leading cause […]
Bid Probe
Sept 14, 2007 (LBO) – Sri Lanka’s top law official has begun probing a complaint of anti-competitive practices against one of the main bidders to build and operate a container terminal in the planned new deep-draft port next to Colombo, officials said. Hyundai Engineering Construction of Korea made the lowest bid at 36 billion rupees […]