Author: lbostgadmin
Zimbabwe currency crashes while Sri Lanka regains stability
June 23, 2007 (LBO) – Zimbabwe’s currency has started to freefall with heavy money printing to finance state expenses reports said, while Sri Lanka’s central bank has maintained some stability despite a widening budget deficit. Analysts are now predicting that Zimbabwe may soon see the end of a populist regime headed by Robert Mugabe that […]
Sri Lanka top donors in new efforts for peace
June 23, 2007 (AFP) – International donors will meet in Oslo next week to review Sri Lanka’s worsening bloodshed and look for a way to revive a moribund peace process.But even without international help, Sri Lanka earns 2.5 billion dollars annually from nationals employed abroad, helping to sustain high defence spending in a country where […]
Sri Lanka – Australia cup final bunglers rapped
LONDON, June 22, 2007 (AFP) – All five officials involved in the bungled end to the World Cup final will not feature in September’s inaugural World Twenty20 tournament in South Africa, the International Cricket Council announced Friday. Australia’s victory against Sri Lanka in the showpiece match in Barbados on April 28 was overshadowed by a […]
‘s Muralitharan returns to haunt Bangladesh
June 23, 2007 (AFP) – Muttiah Muralitharan resumes his quest to finish as Test cricket’s most successful bowler when Sri Lanka take on Bangladesh in a three-match series starting on Monday.The prolific off-spinner, with 674 wickets from 110 Tests, is only 35 scalps away from surpassing the world record tally of 708 wickets by retired […]
London Stock Exchange merges with Italian bourse
LONDON, June 23, 2007 (AFP) – The London Stock Exchange confirmed Saturday it was buying Milan’s Borsa Italiana for 1.6 billion euros (2.15 billion dollars) in shares, bolstering the LSE amid takeovers of European stock markets by US rivals. The industry’s globalisation has been accelerated by a move towards electronic trading platforms and away from […]
Sri Lanka tea trade urged to uphold ethical, professional standards
June 23 (LBO) – Two top Sri Lankan tea industry figures have urged the trade to make more efforts to maintain ethical and professional standards to avoid the danger of Ceylon tea earning a bad name. “Although prices have risen in the past two months we cannot be complacent,” he said, noting that forecasts say […]
Water Water
June 22, 2007 (LBO) – Sri Lanka is boosting pipe-borne water supply to the capital Colombo by expanding two water treatment plants, a senior government minister said. The National Water Supply and Drainage Board has negotiated a loan from Hungary to expand the treatment plants at Labugama and Kalatuwawa reservoirs, Information Minister Anura Yapa said. […]
Three Sri Lankan soldiers killed in mine attack
June 21, 2007 (AFP) – At least three soldiers were killed and another wounded in a roadside bomb attack Thursday in northern Sri Lanka, military officials said.More than 60,000 people are reported to have been killed in the Liberation Tigers of Tamil Eelam’s separatist campaign since 1972.A Claymore mine exploded as troops travelled in a […]
Two dead as Sri Lanka Tigers blow up own boat
June 22, 2007 (AFP) – At least two Tamil Tiger rebels were killed when they detonated their explosives-laden boat off Sri Lanka’s northeastern coast Friday, naval sources said.More than 60,000 people are reported to have been killed in the Liberation Tigers of Tamil Eelam’s separatist campaign since 1972. A navy patrol was about to detain […]
Sri Lanka court delays hearing Tamil eviction complaint
June 22, 2007 (AFP) – Sri Lanka’s Supreme Court on Friday delayed hearing a case challenging the eviction of minority ethnic Tamils from Colombo, which police said was undertaken to root out Tamil Tiger rebels.The legal challenge to the eviction was filed by local lobby group the Centre for Policy Alternatives. The court set the […]
Sri Lanka slammed over press rights
COLOMBO, June 22, 2007 (AFP) – International media rights activists on Friday described Sri Lanka as one of the most dangerous places in the world for journalists due to a worsening climate of violence and censorship. Almost 5,000 people have been killed since December 2005, according to official figures, while over 1,000 people are reported […]
Sri Lanka top opener bowled out of upcoming matches
June 21, 2007 (AFP) – Sri Lankan left-hand opener Upul Tharanga injured a foot and has been ruled out of the first two Tests against Bangladesh compounding problems to secure the top order, an official said Thursday. “Tharanga was hit on his foot by a Lasith Malinga delivery this morning,” Sri Lanka Cricket Secretary Kangadaran […]