Author: lbostgadmin
Sri Lanka central bank says overnight rate volatility and inflation would moderate
June 25, 2007 (LBO) – Sri Lanka’s reserve money targeting regime is showing results and volatility in overnight rates and inflation will moderate, Central Bank said Monday, days after short-term treasury yields went up by 30 basis points. The bank no longer operates a full policy rate regime, with the discount window nominally at 12.00 […]
Sri Lanka rebel lawmakers woo Marxists
June 25, 2007 (LBO) – Sri Lanka ruling party two-man rebel faction led by sacked former foreign minister Mangala Samaraweera has invited the Marxist-nationalist Janatha Vimukthi Peramuna (JVP) for talks. The duo has accused the government of corruption, nepotism and autocratic rule and claimed the ruling Sri Lanka Freedom Party has no internal democracy. In […]
Five-wicket Muralitharan wrecks Bangladesh
June 25, 2007 (AFP) – Muttiah Muralitharan grabbed five wickets for 15 runs as Sri Lanka shot out Bangladesh for a paltry 89 on the opening day of the first cricket Test here on Monday.Bangladesh play three Tests and as many one-dayers on the five-week tour.The prolific off-spinner’s 58th haul of five or more in […]
Sri Lanka destroys Bangladesh in first Test
June 25, 2007 (AFP) – Spin wizard Muttiah Muralitharan claimed his 58th five-wicket haul as Sri Lanka overpowered Bangladesh on the opening day of the first cricket Test here on Monday.The off-spinner grabbed five wickets for 15 runs as Bangladesh, sent in to bat in overcast conditions, were shot out for their third lowest total […]
Asia needs to innovate to compete with the globe
SINGAPORE, June 25, 2007 (AFP) – From China to Singapore, Asia must nurture a culture of innovation if the region is to emerge as a formidable global player, the World Economic Forum (WEF) on East Asia was told Monday. With the Cold War over, nations around the world are now in a race for knowledge, […]
Poverty, education must remain on Asian agenda: WEF
SINGAPORE, June 25, 2007 (AFP) – Poverty and education must remain on Asia’s agenda even as it forges ahead with high economic growth and focusses on tackling climate change, delegates to a regional economic forum heard Monday… While Asia is on a much stronger footing than it was during the economic crisis of a decade […]
Learning Lessons
June 25, 2007 (LBO) – Sri Lanka has lost the lead it once had in education, slowing the progress of the country, education specialists have warned.A telling sign of the times is that a large number of recently recruited teachers are being trained on the job with students as guinea pigs. While university graduates have […]
Bank Heads
June 25 (LBO) – A new board of directors has been appointed to state-owned SME Bank as a first step in a proposed take-over by Lankaputhra Development Bank, an official said. But officials now say RDBs would be allowed to function independently. Lankaputhra Bank chairman A de Vass Gunewardene is the new chairman of SME […]
Norway meet seeks to end Sri Lanka bloodshed
June 24, 2007 (AFP) – Sri Lanka’s peace broker Norway said here Sunday it will hold a meeting of the island’s key financial backers this week in a bid to stop the latest wave of bloodshed.Andreas Michaelis will represent the European Union Presidency and James Moran will represent the European Commission. The formal meeting on […]
Sri Lanka donor meeting in Norway unlikely to break deadlock: analysts
June 24, 2007 (AFP) – Peace broker Norway is holding a crucial meeting with Sri Lanka’s top aid donors this week in a bid to halt a new wave of bloodshed, but analysts Sunday said they see little prospect of a breakthrough.The military maintained it was unsafe for diplomats to travel to the de facto […]
Sri Lanka eye Rhodes, Blewett for assistant coach
June 24, 2007 (AFP) – Sri Lanka have short-listed South African Jonty Rhodes and Australia’s Greg Blewett to assist newly appointed head coach Trevor Bayliss, an official said on Sunday. The search for an assistant coach arose after former Sri Lankan fast bowler Rumesh Ratnayake turned down a Sri Lanka Cricket (SLC) offer last week, […]
Cheap cars allow Indians to jump off motorcycles
MUMBAI, June 24, 2007 (AFP) – Trading a motorcycle for a car in India has long been too expensive for many, but manufacturers plan to offer models at 3,000 dollars or less to attract new buyers, analysts say.The push by Nissan Renault, Tata Motors and Global Automobiles — a subsidiary of the Kolkata-based Xenitis group […]