Author: lbostgadmin
Big Bucks
May 13, 2007 (LBO) – State-owned Bank of Ceylon is on a path to increase private sector lending and strengthen its capital to keep pace with a growing loan book, officials said. . The Bank of Ceylon, Sri Lanka’s largest bank has been a principal financier of the government but in the last quarter private […]
Sri Lanka Tiger attack costs Shell 700,000 dollars
May 12, 2007 (AFP) – The Sri Lankan unit of Royal Dutch Shell suffered damages of at least 700,000 dollars in an air attack by Tamil Tiger rebels last month, the company said on Saturday. Two bombs exploded at the Anglo-Dutch company’s storage facility on the outskirts of Colombo, damaging one of its four storage […]
Washed Up
May 12 (LBO) – High winds caused a barge anchored off Galle port in southern Sri Lanka to drag anchor and get washed ashore Friday, eyewitnesses and harbour officials said. The unladen barge had been towed by a tug which had come to Galle for repairs after developing engine trouble when sailing past the island. […]
Sri Lankan construction firms eye overseas contracts
May 11, 2007 (LBO) – Sri Lanka’s construction industry is seeking to export professional services and eyeing opportunities in the building boom in the Middle East and south Asia, a senior official said. “We want to support the bigger players to go out of the country and do projects abroad – in the Middle East […]
Flight of Fancy
May 11, 2007 (LBO) — Sri Lanka plans to double the price of lottery tickets and use the extra cash to build a second international airport in Weerawila, the National Lotteries Board has said.From Thursday, the Bandaranaike International Airport, which shares a runway with an adjoining military base, will close between 10:30 pm (1700 GMT) […]
Sri Lankan pleads guilty in Tamil Tigers arms plot
WASHINGTON, May 10, 2007 (AFP) – A Sri Lankan national pleaded guilty in a Maryland court Thursday to charges he tried to smuggle US weapons to Tamil Tiger rebels, the US Justice Department announced.Thirunavukarasu Varatharasa, 37, pleaded guilty to attempted export of arms and munitions and to conspiracy to support the Tamil Tigers, a group […]
Rights group calls for Sri Lanka monitors
May 11, 2007 (AFP) – Human Rights Watch on Friday renewed a call for independent foreign monitoring of human rights in Sri Lanka, where hundreds of people have been killed by unidentified gunmen.The New York-based watchdog said international monitors should be able to report publicly on the abuses by Tamil Tiger guerrillas, a breakaway faction […]
Hobbling Dhoni stars as India flattens Bangladesh
DHAKA, May 10, 2007 (AFP) – Mahendra Dhoni battled leg cramps to hit an unbeaten 91 as India defeated their World Cup nemesis Bangladesh by five wickets in the first game of the three-match series here on Thursday.Dhoni and Dinesh Karthick (58 not out) put on a match-winning stand of 107 for the sixth wicket […]
Sri Lanka drop Atapattu
May 10, 2007 (AFP) – Veteran batsman Marvan Atapattu has been omitted from the 15-man Sri Lanka squad for the three-match one day international series against Pakistan in Abu Dhabi, officials said.Only nine of the 15 players who represented the country in the World Cup have been named in the squad for the series starting […]
Sri Lanka wants ruling body elected for cricket
COLOMBO, May 11, 2007 (AFP) – Sri Lanka’s sports minister said Friday he wants a new committee elected to run the island’s cricket administration, which is currently managed by political appointees. The International Cricket Council in April 2005 recognised the incumbent interim committee headed by businessman Jayantha Dharmadasa as the lawfully appointed body empowered to […]
World Bank gives Wolfowitz more time
WASHINGTON, May 9, 2007 (AFP) – The board of the World Bank has given an additional week to embattled bank president Paul Wolfowitz to defend himself in a nepotism scandal, the bank said in a statement Wednesday.“The Executive Directors met today to consider a request from the President for additional time to comment on the […]
Another One
May 11, 2007 (LBO) – Chemanex, a listed chemical firm, has postponed a shareholder meeting called to ratify a bonus issue after a new company law came into effect earlier this month, the company said Friday. The company said the Stock Exchange had informed Chemanex that a ‘bonus issue’ declared by the board of directors […]