Author: lbostgadmin
Port Dollars
March 20, 2007 (LBO) – The Asian Development Bank has approved a 300 million dollar loan to expand the Colombo Port, the regional lender said Tuesday. The funds will come from its ‘ordinary capital resources’ window at a rate based on the London Interbank offered rate, the bank said. The loan will have a 25-year […]
Sri Lanka says destroyed Tiger boats
COLOMBO, March 20, 2007 (AFP) – Government troops destroyed four boats believed to be carrying Tamil Tiger guerrillas in northern Sri Lanka, the defence ministry said Tuesday, as one civilian was shot dead in other violence.Troops attacked four suspected Liberation Tigers of Tamil Eelam (LTTE) boats off the Jaffna peninsula around midnight Monday, the ministry […]
World Food Program asks access to fleeing refugees
GENEVA, March 20, 2007 (AFP) – Some 95,000 people have fled fierce fighting in Sri Lanka’s eastern Batticaloa district in the past week, the UN food relief agency said Tuesday.World Food Programme spokesman Simon Pluess said the fighting between government forces and Tamil Tiger rebels in the area had triggered a “dramatically increased number of […]
India set twin records in Bermuda thrashing
PORT OF SPAIN, Trinidad, March 19, 2007 (AFP) – Virender Sehwag roared back into form with a blazing century as record-setting India thrashed debutants Bermuda by 257 runs in their second World Cup match here on Monday. India posted the highest Cup total of 413-5 after being put in to bat, with Sehwag (114), Sourav […]
Windies beat Zim to join Australia in Super Eight
BRIDGETOWN, Barbados, March 19, 2007 (AFP) – West Indies joined defending champions Australia in the World Cup Super Eights on Monday while India clinched a record-breaking win over Bermuda to put their campaign back on track. “It’s something which shouldn’t have happened and I’ve suffered the consequences. I’m obviously upset about it and it’s something […]
Bangladeshi teenagers eye scalp of Sri Lankan veterans
PORT OF SPAIN, Trinidad, March 20, 2007 (AFP) – Giant-killers Bangladesh are counting on their teenagers to deliver yet again when they clash with experienced Sri Lanka in their second World Cup match here on Wednesday. Teenagers Tamim Iqbal, Saqibul Hasan and Mushfiqur Rahim played key roles in Bangladesh’s shock five-wicket victory over 1983 champions […]
Sri Lanka v Bangladesh head-to-head record
PORT OF SPAIN, Trinidad, March 20, 2007 (AFP) – Sri Lanka v Bangladesh head-to-head record ahead of their World Cup Group B match at Queen’s Park Oval here on Wednesday: 07/10/2006 Mohali – Sri Lanka won by 37 runs Total meetings: 18 Sri Lanka wins: 17 Bangladesh wins: 1 Tied: 0 No Result: 0 Last […]
Pakistan cricket chief offers resignation
ISLAMABAD, March 20, 2007 (AFP) – Pakistan Cricket Board chairman Naseem Ashraf has offered his resignation to President Pervez Musharraf following the national team’s disastrous exit from the World Cup, a spokesman said Tuesday. Pakistan’s chief cricket selector and the rest of the national selection committee have also stepped down, the PCB said as the […]
Airbus A380 superjumbo wows crowds on historic US debut
LOS ANGELES, March 19, 2007 (AFP) – The giant Airbus A380 superjumbo landed on US soil for the first time Monday, dazzling large crowds gathered in Los Angeles and New York to catch a glimpse of the world’s biggest passenger plane. The 555-seat double-decker behemoth with a wingspan the size of a football pitch descended […]
Bangladesh gets second private passenger airline
DHAKA, March 20, 2007 (AFP) – A Kuwait-based company has joined Bangladesh’s leading air-cargo operator to launch the country’s second private passenger airline, a company official said Tuesday.Biman reported a record loss of 120 million dollars in the year to June last year. Aqeeq Aviation Holding has bought a 49 percent stake in Best Aviation […]
Telecom Sale
March 20, 2007 (LBO) – A Malaysian firm has been given the go ahead to conduct a due diligence of Sri Lanka Telecom (SLT) ahead of a possible sale of a stake held by Japan’s NTT, the company said Tuesday. NTT Communications Corporation of Japan owns a 35 percent stake in Sri Lanka Telecom, but […]
Powder Keg
March 20, 2007 (LBO) – Sri Lanka is bracing for a steep rise in milk powder prices, with a drought in Australia pushing international dairy product prices to unprecedented highs. Meanwhile Kotmale says it expects to keep prices below multinational brands by running a lean operation, while prices of its other dairy products made with […]