Author: lbostgadmin
Structural Attempt
June 26, 2007 (AFP) – Sri Lankan security forces found a powerful Claymore mine near an oil storage depot in the capital Tuesday, the defence ministry said.The 20-kilogram (32-pound) bomb was hidden inside the fuel tank of a vehicle belonging to a local official from the island’s Tamil Tiger-held northern district of Kilinochchi, the ministry […]
” in Sri Lanka murder probe
GENEVA, June 25, 2007 (AFP) – A bullet being used in an investigation into the killings in Sri Lanka of 17 aid workers last August may have been removed from evidence, an international legal watchdog said on Monday. The International Commission of Jurists said its observer on the probe, senior British lawyer Michael Birnbaum, found […]
Sri Lanka batsmen hit tons against Bangladesh
June 26, 2007 (AFP) – Michael Vandort and skipper Mahela Jayawardene scored centuries as Sri Lanka piled up Bangladesh’s misery in the first cricket Test here on Tuesday. Bangladesh play three Tests and as many one-day internationals on the five-week tour. Having bowled out Bangladesh for 89 on the opening day, Sri Lanka went to […]
‘s tsunami-hit stadium ready for Test with England
June 26, 2007 (AFP) – The tsunami-devastated Galle cricket stadium in Sri Lanka will be fit to host the third and final Test against England in December, an official said here on Tuesday.Galle stadium curator Jayananda Warnaweera said the early-November deadline for reconstruction would be met. The stadium, originally the venue for the opening match […]
Sri Lanka smashes Bangladesh with four centuries
June 26, 2007 (AFP) – Four batsmen scored centuries as Sri Lanka flexed their batting might to tighten the screws on Bangladesh in the first cricket Test here on Tuesday.Maiden Test hundreds by Prasanna Jayawardene and veteran seamer Chaminda Vaas capped a solid batting display by the hosts, while captain Mahela Jayawardene and opener Michael […]
” ties
WASHINGTON, June 25, 2007 (AFP) – The US Securities and Exchange Commission watchdog has added a link to its website listing dozens of mostly foreign companies it said Monday had disclosed interests in “countries known to sponsor terrorism.” The list of international companies includes Australian, British, German, French and Japanese groups including HSBC Holdings, Unilever […]
China shipping firm jumps 83 percent on Shanghai trading debut
SHANGHAI, June 26, 2007 (AFP) – China’s flagship shipping firm, COSCO Holding, jumped 83 percent on its trading debut in Shanghai Tuesday after raising net proceeds of 14.88 billion yuan (1.96 billion dollars). COSCO shares opened at 15.52 yuan on the Shanghai Stock Exchange, in line with broker estimates, against its initial public offering (IPO) […]
Different Jump
June 26, 2007 (AFP) – A Sri Lankan athletics coach participating in an international training programme has disappeared in Italy, a senior official said Tuesday in Colombo.Gayan Malika, a triple jump coach, went missing after flying to Italy for an athletics meet as part of a training programme sponsored by the International Olympic Council, the […]
Sri Lanka drops controversial new tea export tax
June 26 (LBO) – A proposal to increase a tax on Sri Lankan tea exports to fund subsidies has been dropped after opposition from producers and exporters, a top official said.The government proposed increasing the export cess by two rupees to six rupees per kilo in response to demands from small holders to subsidise fertiliser […]
Pacey Numbers
June 26, 2007 (LBO) – Sampath Bank is raising 1.5 billion rupees through an unsecured debenture which Fitch has rated AA- (lka), but the rating agency says more capital may be needed to maintain its loan growth rate in to the medium term. It has two associates, a Bangladesh-based non-bank financial institution LankaBangala Finance Ltd […]
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 […]