Author: lbostgadmin
‘s flying Tigers strike again
April 24, 2007 (AFP) – Tamil Tiger rebels flying light aircraft bombed Sri Lanka’s northern Jaffna peninsula Tuesday and launched an artillery attack, killing at least six soldiers, officials and the rebels said.In their second air strike in as many months, Liberation Tigers of Tamil Eelam (LTTE) spokesman Rasiah Ilanthiriyan said two light aircraft were […]
Tamil Tigers plan a break to watch Sri Lanka in World cup semi
April 24, 2007 (AFP) – Sri Lanka’s Tamil Tiger rebels are to take a brief break from battle later Tuesday to watch the national cricket team play New Zealand in the World Cup semi-finals. “There may not be any attacks tonight because we are also watching the match,” Tiger spokesman Rasiah Ilanthiriyan told AFP by […]
Sri Lanka coach Moody ridicules attack on Malinga bowling action
KINGSTON, April 23, 2007 (AFP) – Sri Lanka coach Tom Moody claims that unorthodox fast bowler Lasith Malinga has one of the straightest arms in cricket and said it’s ridiculous to suggest the 23-year-old’s action is illegal. “If we suddenly went to the MCC coaching manual and tried to get him over the top and […]
‘s astrologers eye World Cup win
April 24, 2007 (AFP) – Sri Lanka’s astrologers say the exact moment when the nation’s cricketers leave their hotel for the World Cup semi-final against New Zealand will determine if they will win It is not only the batsmen’s timing at the crease, but also their precise morning schedule that will decide the winner at […]
Experience vital for Jayawardene
KINGSTON, Jamaica, April 23, 2007 (AFP) – Sri Lanka captain Mahela Jayawardene is backing his side’s greater experience to see them through their World Cup semi-final against New Zealand.The teams meet Tuesday here at Sabina Park in the opening last four match of the first World Cup ever staged in the Caribbean, the victors facing […]
‘s body released by Jamaica coroner: report
KINGSTON, April 24, 2007 (AFP) – The body of murdered Pakistan cricket coach Bob Woolmer has been ordered by a coroner to be released to his family in South Africa, the Daily Gleaner newspaper reported Tuesday.The body of the 58-year-old former England international has been in judicial limbo since March 18 when he was found […]
‘s central bank keeps key rates unchanged
MUMBAI, April 24, 2007 (AFP) – The Reserve Bank of India on Tuesday left key short-term borrowing rates unchanged as it seeks to keep economic growth on track despite inflation running well above its comfort zone.The RBI’s decision had been widely expected following a series of rate hikes but significantly, the central bank also tweaked […]
Fraud Warning
April 24, 2007 (LBO) – The Central Bank of Sri Lanka is warning the public against payment card fraud following the discovery of a massive fraud in the United Kingdom which has been linked with Sri Lanka’s Tamil Tigers. “This scam which has been said to be running for several years has involved in cloning […]
Tougher Rules
April 24, 2007 (LBO) – Tough new corporate governance rules were being made mandatory to make the markets more attractive to foreign and local investors, Sri Lanka’s capital market regulators said. The SEC has also put in rules on money laundering, but so far no prosecutions have been made. We firmly believe it to be […]
Real Issue
April 24, 2007 (LBO) – High negative real rates paid to savers have seen deposit growth at Sri Lanka’s National Savings Bank plunge to a record low in 2006, the bank’s latest accounts show. NSB said it was the first state sector enterprise to present its annual report to the public. NSB’s deposits grew by […]
”’ outlook could be upgraded if budgets improve: Fitch
April 23, 2007 (LBO) – The ‘negative’ outlook on Sri Lanka’s BB- rating could be upgraded to ‘stable’ if Sri Lanka could produce better budgets, reduce inflation and show that the conflict’s effect on the country’s ability to repay debt had lessened, Fitch Ratings has said. The rating agency Monday affirmed Sri Lanka’s sovereign rating […]
New Formula
April 23, 2007 (LBO) – Sri Lanka’s largest petroleum retailer the state-owned Ceylon Petroleum Corporation (CPC) may return to monthly price adjustments once it had recovered current losses, the country’s petroleum minister said. CPC shares Sri Lanka’s petroleum distribution with Lanka IOC, a unit of Indian Oil Corporation, which has 30 percent of the market. […]