Author: lbostgadmin
Claims Toll
March 12, 2007 (LBO) – Union Assurance net profits fell 41 percent in 2006, with high claims bill taking its toll, but gross premiums grew by 28 percent, the company’s annual accounts showed. The firm’s net profit after tax fell to 155 million rupees from 262 million of 2005. The surplus from life insurance activities […]
Striking Hot
March 12, 2007 (LBO) — Sri Lanka is pushing for greater access to the Chinese aviation market, when high level officials meet for bilateral air-services talks later this week, the foreign ministry said Monday.Sino-Lanka aviation links have been in place since 1959, though direct airlinks between both countries were established when SriLankan airlines started thrice […]
Sri Lanka cash rates hit a new 32% high, equities slide
March 12 (LBO) – Sri Lanka’s overnight cash rates hit a new high of 32 percent Monday, as the central bank stayed away from injecting liquidity through an open market auction, dealers said. On Friday morning rates hit 30 percent, before easing slightly, with a market short by about 1.9 billion rupees. Sri Lanka’s overnight […]
Sri Lankan president raps police over killings
March 11, 2007 (AFP) – Sri Lanka’s president Sunday chided his top police officers over a new wave of “execution-style” killings and demanded immediate action to end a climate of terror.President Mahinda Rajapakse expected “responsible intervention” by the police to stem a wave of killings, abductions and extortion rackets, some of which have been linked […]
MSF founder sees no quick end to Sri Lankan cycle of violence
March 11, 2007 (AFP) – The founder of the French charity Medecins Sans Frontiers, who has worked in over a dozen war zones, says there is no quick fix to Sri Lanka’s current killing spree — his latest human rights challenge. Bernard Kouchner, 67, a former French minister who co-founded MSF (Doctors without Borders) in […]
Thousands of civilians flee as troops, Tigers clash
March 11, 2007 (AFP) – More than 40,000 civilians have fled their homes in eastern Sri Lanka in recent days amid renewed clashes between troops and Tamil Tiger rebels that have left 33 dead, both sides said Sunday.More than 4,000 people have been killed amid an upsurge in fighting since December 2005, despite the two […]
Marathon men take aim at World Cup
BRIDGETOWN, Barbados, March 10, 2007 (AFP) – Thirty-two years after the first World Cup was decided over a modest five playing days, the 2007 edition will open on Sunday and will go on and on until April 28. The 16-team World Cup in the Caribbean will last 48 days with 51 matches broadcast live to […]
World Cup minnows seek a moment in the sun
PORT OF SPAIN, Trinidad, March 11, 2007 (AFP) – When Dwayne Leverock bowls to Sachin Tendulkar in the World Cup, it will be more than just a contest between a spinner carrying extra flab and a batsman having extra strokes.It will be moment to relish for the Bermudian left-arm spinner if he dismisses the Indian […]
Strong rubber prices in Sri Lanka gives bounce to Kelani Valley
March 11 (LBO) – Robust rubber prices have boosted after tax profits of Kelani Valley Plantations (KVPL) by 66 percent in 2006, while turnover grew by 21 percent, the company said. Kelani Valley Plantations Limited (KVPL), a subsidiary of Dipped Products Limited (DPL) says turnover grew to 2,330 million in 2006, with increases of 11 […]
Eight killed in Sri Lanka wildlife park as fighting escalates
March 10, 2007 (AFP) – Suspected Tamil Tiger rebels shot dead four security personnel and four park officials inside a wildlife sanctuary as fighting escalated elsewhere on the island, the military said Saturday.More than 4,000 people have been killed in escalating fighting since December 2005 even though the two sides agreed to a truce five […]
Sri Lanka lose to Kiwis despite Tharanga ton
BRIDGETOWN, Barbados, March 9, 2007 (AFP) – Upul Tharanga hit a majestic century but couldn’t stop Sri Lanka from slipping to an 18-run defeat against New Zealand in their final World Cup warm-up on Friday. Chasing a victory target of 286, Tharanga hit 10 fours and two sixes in his 106 off 112 balls. New […]
Sri Lanka, Vaas figure among all time World Cup records
BRIDGETOWN, Barbados, March 10, 2007 (AFP) – World Cup records ahead of the 2007 tournament which opens in the West Indies on March 11: Team records Highest Total: 398-5 – Sri Lanka v Kenya, Kandy, 1996 Lowest Total: 36 – Canada v Sri Lanka, Paarl, 2003 Highest match aggregate: 652 – Sri Lanka v Kenya, […]