Author: lbostgadmin
Indo Finance
March 20, 2007 (LBO) – Chennai based Indian Bank is looking to expand operations in Sri Lanka after boosting its capital at its branch this year, officials said. The bank had accumulated losses from bad loans after financing films in real estate. “This year we will bring our capital up to the required 25 million […]
Flying Forward
Flying Forward March 20 (LBO) SriLankan Airlines is adding a third weekly flight to the Indian coastal resort of Goa, moving closer to becoming first scheduled foreign airline to have a hundred flights per week to the country, the airline said. Already the foreign carrier with the most frequencies, SriLankan will have 95 flights to […]
Its Official
March 19, 2007 (LBO) – John Keells Holdings (JKH) said Monday it was officially informed by the government that a letter of intent (LOI) would be issued on a private public partnership to reclaim land around the Colombo port. JKH shares closed up 2.25 at 148 rupees on Monday. “We have received notification today that […]
Air attacks, land battles in Sri Lanka after ship sinkings
Air attacks, land battles in Sri Lanka after ship sinkings ATTENTION – ADDS sabotage of electricity, new mine attack, air strikes /// March 19, 2007 (AFP) – Sri Lankan troops and Tamil Tiger rebels have fought fierce land battles after government forces said they sank two ships smuggling weapons for the guerrillas, the defence ministry […]
‘s home attacked after Indian loss
RANCHI, India, March 19, 2007 (AFP) – Furious Indian cricket fans stormed the home of national wicketkeeper Mahendra Singh Dhoni Sunday to protest a five-wicket rout by Bangladesh in their opening World Cup match, police said. They tore down walls and pillars of Dhoni’s house, which is under construction, in the eastern city of Ranchi […]
Grieving Pakistan captain quits one-day game
KINGSTON, Jamaica, March 18, 2007 (AFP) – Pakistan captain Inzamam-ul-Haq on Sunday announced his retirement from one-day cricket after his team’s humiliating exit from the World Cup and the death of coach Bob Woolmer. He also said he would give up the captaincy after playing his last one-dayer against Zimbabwe on Wednesday, a match he […]
‘s death
March 19, 2007 (AFP) – Sri Lanka’s top cricket officials Monday put aside their differences and united in paying tribute to Bob Woolmer, the Pakistani national coach who died suddenly in Jamaica Jayantha Dharmadasa, president of the Sri Lanka Cricket Interim Committee, said Woolmer’s death was a big loss to the cricketing world. “I have […]
Triple Play
March 19 (LBO) – Gloom over the spectacular telecom busts in the last decade has given way to a new round of optimism worldwide and the new mantra for the telecom industry is convergence. That optimism is driving change in Sri Lanka’s largest fixed line telecom firm, Sri Lanka Telecom (SLT). However a network overhaul […]
Aspiration Gap
March 19, 2007 (LBO) – Lining up for ˜good™ jobs coupled with limited access to quality education and training have upped levels of unemployment among Sri Lanka™s youth, a new World Bank study shows. The study shows that youth with GCE Ordinary Level and GCE Advanced Level education are the most unemployed, compared to other […]
Rating Rap
March 19, (LBO) – A lease-backed securities issue of Senkadagala Finance had its A (lka) national rating affirmed Monday, but Fitch Ratings said minimum credit enhancement levels have been breached at several points. Monthly prepayments have hovered between 0 and 3.6 percent of the outstanding pool principal, while a 15.9 percent of the initial pool […]
‘s navy destroys unidentified vessel
March 18, 2007 (AFP) – A Sri Lankan defence official said the navy sank a ship of the eastern coast Sunday that was believed to be smuggling weapons for Tamil Tiger rebels.There have been increasing clashes between suspected Tamil Tiger ships and the Sri Lankan navy in recent months amid heavy fighting in the island’s […]
Sri Lankan navy destroys two Tiger gun running ships
March 18, 2007 (AFP) – Sri Lanka’s navy on Sunday sank two cargo vessels believed to be smuggling weapons and explosives for Tamil Tiger rebels, the defence ministry said. Sri Lankan naval craft shelled the first ship after it failed to stop for an inspection and opened fire on the navy, ministry spokesman Prasad Samarasinghe […]