Author: lbostgadmin
‘s World Cup bid
April 27, 2007 (AFP) – The British diplomatic mission in Colombo shed diplomatic neutrality Friday to support Sri Lanka’s cricket team in their World Cup final against Australia. The top British envoy here, Dominick Chilcott, led high commission (embassy) staff in signing greetings to skipper Mahela Jayawardene and his team-mates ahead of Saturday’s game in […]
‘s inflation soars to 2,200 percent
HARARE, April 26, 2007 (AFP) – Zimbabwe, already battling to contain the world’s highest rate of inflation, announced on Thursday that the figure had soared once more to 2,200 percent. Before the devaluation, the Zimbabwean dollar had been trading at around 25,000 to the greenback, against the official rate of 250 dollars. After the official […]
Slave Records
LONDON, April 27, 2007 (AFP) – Britain said Friday it was putting colonial slavery records online for the first time, an archive which will eventually cover three million slaves in South Africa, Sri Lanka and the Caribbean. The collection on the ancestry.co.uk website is taken from registers lodged between 1812 and 1834. Britain has been […]
Extra Year
April 27, 2007 (LBO) – International students graduating in Britain would be able to work for one year, helping them gain valuable work experience, the UK High Commission in Colombo said. International students bring many benefits to the UK. After the United States, the UK is the country which attracts the most international students and […]
Sri Lanka plans performance based incentives to push value-added tea exports
April 27, 2007 (LBO) – Sri Lanka’s state tea promotion agency is planning a new initiative based on performance incentives to boost flagging valued added tea exports, an official said. The incentive is to be based on exporters performance in increasing the volume and value of such teas, Sri Lanka Tea Board Chairman Lalith Hettiarachchi told […]
Dollar Deal
April 27, 2007 (LBO) – State-owned Bank of Ceylon’s syndicated dollar loan has been able to raise more money than originally envisaged. (US Dollar = 110 rupees) Updated There had been substantial interest from prospective lenders allowing the loan size to be enhanced, an official said. The deal, arranged with bookrunner HSBC, was earlier scheduled […]
Small Credit
April 27, 2007 (LBO) – The International Finance Corporation (IFC) has joined hands with six Sri Lankan private banks to educate small and medium enterprise (SME) owners on getting loans to finance their business. Local banks are heavily weighted towards collateral-based lending, instead of project-based lending, which makes it difficult for smaller firms to access […]
French businesses eye Sri Lankan investment opportunities
April 26, 2007 (LBO) – A team of French businessmen representing sectors such as textiles, shipping, energy, railways and environment is visiting the island, the French Embassy announced Thursday. The businessmen will be accompanied by French government officials from the Treasury, Finance Ministry and development agencies as well as trade advisors. The delegation will take […]
Oil Chase
April 26, 2007 (LBO) – India is eyeing two oil exploration blocks in Sri Lanka with two state oil firms engaging in open bidding as well as taking a block that is being given as a special favour by their southern neighbor, reports said. The United States is also hosting Sri Lanka’s petroleum officials at […]
” charged for supporting terrorism in Sri Lanka
April 26, 2007 (LBO) – The United States has charged a senior representative of the Tamil Tigers for supporting a foreign terrorist organization, the US embassy in Colombo said in a statement Thursday. If the charges are proved, the defendant Karunakara Kandasamy also known as ‘Karuna’ faces a maximum sentence of 15 years’ imprisonment. œAs […]
Sport brings hope of respite in Sri Lanka
April 26, 2007 (AFP) – Sri Lanka’s surge into cricket’s World Cup final this weekend has raised hopes of a peace dividend on an island united by sport but divided by conflict, even if no one is showing long-term optimism.Cricket is hugely popular in Sri Lanka and is seen as one of the few things […]
Australia to meet Sri Lanka at World Cup final after crushing win over South Africa
GROS ISLET, St Lucia, April 25, 2007 (AFP) – Glenn McGrath and Shaun Tait struck it rich as Australia stormed into a fourth successive World Cup final with a crushing seven-wicket win over South Africa here on Wednesday. South Africa were dismissed for 149, their lowest-ever Cup total as Tait finished with 4-39 while man-of-the-match […]