Author: lbostgadmin
Windies too fail to break the World Cup jinx
BRIDGETOWN, Barbados, April 19, 2007 (AFP) – It appears that the best way to win the World Cup is not to host it.The West Indies became the latest prey to the curse of the hosts after failing to qualify for the semi-finals even before they had finished their Super Eights engagements. The hosts will take […]
Kiwi opening bowler Shane Bond fact file
ST GEORGE’S, Grenada, April 19, 2007 (AFP) – Factfile on Shane Bond ahead of New Zealand’s World Cup Super Eights clash against Australia at Grenada National Stadium here on Friday: Name: Shane Edward Bond Born: June 7, 1975, Christchurch, Canterbury Age: 31 Major teams: New Zealand, Canterbury, Warwickshire Bowling style: Right-arm fast ODI career (debut: […]
”s prospects
April 19, 2007 (AFP) – The wretched form of Sri Lanka’s left-handed opener Upul Tharanga has opened the possibility of former captain Marvan Atapattu making a comeback in the semi-final clash with New Zealand.Tharanga managed just 17 runs in his last three outings and his longest innings lasted no more than 22 balls — a […]
Ailing dollar sees no relief; sterling hits 26-year high
NEW YORK, April 18, 2007 (AFP) – The struggling dollar faced renewed selling pressure Wednesday as sterling jumped to a 26-year high and the euro topped 1.36 dollars amid fresh concerns about US economic prospects. The euro reached as high as 1.3616 dollars before falling back to 1.3607 at 2100 GMT against 1.3564 late Tuesday […]
Sri Lankan February tea output lowest in decade
April 19, 2007 (LBO) – Sri Lanka’s tea production in February fell to its lowest monthly level in 10 years because a strike by labour unions and bad weather affected the crop late last year, brokers said. Among the worst hit were top high grown tea growing areas like Bogawantalawa and Talawakelle. The February tea production […]
Sri Lanka tourist arrivals fall sharply as violence escalates
April 19, 2007 (LBO) – Tourist arrivals in Sri Lanka fell by 36 percent to 35,031 in March 2007 compared with the same month last year as escalating fighting between government forces and Tamil Tiger rebels deterred holiday travel. But arrivals from Eastern Europe increased 60 percent with the number of Russian visitors increasing by […]
Boxed Out
April 19, 2007 (LBO) – Sri Lankan exporters are faced with a shortage of space on container ships for their shipments to Europe after several shipping lines diverted some of their services to India, an official said. The crisis is affecting exports of garments, tea and coir, Jayanath Perera, chairman of the Sri Lanka Shipper’s […]
Unfair Charge
April 19, 2007 (LBO) – Sri Lankan exporters Thursday called for government intervention to prevent shipping lines imposing additional charges that were making exports uncompetitive and imports more expensive. Big buyers in the US negotiate freight rates with shipping lines for large volumes of cargo from different regions, such as south Asia where they might […]
Lube Deal
April 19, 2007 (LBO) – Laugfs Holdings said Thursday it had signed an agreement with the government of Sri Lanka that gave it permission to import and market lubricants in the island. Laugfs group holds 30 percent market share for domestic Liquefied Petroleum Gas and around 55 percent for industrial bulk demand. The local market […]
New Sri Lanka investment chief assures faster approvals, encourages local investors
April 18, 2007 (LBO) – Sri Lanka’s new investment promotion chief said Wednesday he wants to speed up approvals but also be more selective in targeting investors and eliminate attitudes that favour foreigners. Much land earmarked for prospective investors in investment zones, or expansion of existing projects, had not been used while the BOI told […]
Price Pressure
April 18, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC) which lost 1.5 billion rupees in 2006 is seeking a price hike to ward off an 800 million rupee loss by April, but the government is only permitting half the increase sought by the utility. Funds were also needed lay a new pipeline from Muthurajawela […]
Sri Lanka editor faces death threat: rights group
April 18, 2007 (AFP) – Sri Lankan authorities have issued a thinly veiled death threat against a newspaper editor for reporting on military excesses and human rights abuses, a media rights group said Wednesday.Although there is no formal censorship imposed, Sri Lankan authorities prevent journalists from travelling to areas held by rebels, who are waging […]