Author: lbostgadmin
Bank Gain
February, 19 (LBO) – Hatton National Bank group profits rose 26 percent in 2006, with revenue growing by 27.5 percent and assets reaching 206 billion rupees, the bank said Monday. The latest results had pushed earnings per share to 19.01. Group net profit after tax and minority interest grew to 2.2 billion rupees from 1.7 […]
Top Line
February 19 (LBO) – Ceylinco Insurance Company said Monday its premium income had grown 19.5 percent to 15.3 billion rupees in 2006. It was promoted by the Ceylinco Group, whose Ceylon Insurance Co. Ltd was the first Sri Lankan company to be registered under the Companies Ordinance of 1938. General Insurance premiums had grown 19 […]
British debt relief to Sri Lanka held back over human rights and defence spending
Feb 18 (LBO) – Millions of pounds worth debt-relief to Sri Lanka is hanging in the balance with Britain saying that queries have been raised over human rights, rising defence spending and ongoing hostilities. The British move comes within months of Germany halting new aid to the country. In 2005, Britain has agreed to pay […]
Fuel subsidies feed marine ecology disaster: scientists
SAN FRANCISCO, Feb 17, 2007 (AFP) – An international team of marine experts on Saturday called for an immediate ban on fuel subsidies to deep-sea fishing “bandits” blamed for plundering stocks and ravaging undersea ecosystems.The grouping of leading fisheries economists, biologists and ecologists said governments around the world were indirectly funding the destruction of fragile […]
Transparent Record
February, 18 (LBO) – Sri Lankan borrowers would be allowed to ask for their own credit reports and request changes if they are not correct, from the country’s central credit information centre, an official said. Before the changes even loans that are repaid in full, were a permanently of a borrwer’s credit report. Sri Lanka […]
Blast kills civilian, injures six in northern Sri Lanka
COLOMBO, Feb 17, 2007 (AFP) – One civilian was killed and six other people were wounded when suspected Tamil Tiger rebels set off a fragmentation mine in northern Sri Lanka on Saturday, the defence ministry said.The blast blamed on the rebel Liberation Tigers of Tamil Eelam (LTTE) was aimed at an army bus carrying troops […]
Another Sri Lankan journalist goes missing; media rights body concerned
February 17 (LBO) – An international journalist rights body has voiced concern as yet another Sri Lankan journalist went missing this week. Media organisations have described Sri Lanka as one of the most dangerous places for journalists in South Asia. Reporters Without Borders (RSF) has voiced deep concern about the disappearance of Subramaniam Ramachandran, the […]
Yuvraj fires India to series-clinching win
VISAKHAPATNAM, India, Feb 17, 2007 (AFP) – Yuvraj Singh smashed a blistering 95 not out to guide India to a series-clinching seven-wicket win over Sri Lanka in the fourth and final one-dayer here on Saturday.He received valuable support from Sourav Ganguly (58 not out) as India surpassed Sri Lanka’s total of 259-7 with six overs […]
Cricket World Cup 2007 groups and fixtures
BRIDGETOWN, Feb 16, 2007 (AFP) – Groups and fixtures for 2007 cricket World Cup: Warm-up matches: March 5: Bermuda v England (Arnos Vale Ground, Kingstown, St Vincent) Scotland v Sri Lanka (Three Ws Oval, Bridgetown, Barbados) South Africa v Ireland (Sir Frank Worrell Memorial Ground, St Augustine, Trinidad) Kenya v West Indies (Trelawny Stadium, Jamaica) […]
Occult Politics
February, 17 (LBO) – Sri Lanka’s is supposedly a vibrant democracy with its political destiny decided by a population that got universal suffrage in 1931, but the island’s leaders seem to believe their future is controlled by sublime forces of the occult. Sri Lanka’s former foreign minister Mangala Samaraweera newly-sacked from the government, is said […]
Sri Lanka hopes for spark from South Asian motor rally
Feb 17, 2007 (LBO) – The South Asian Association for Regional Cooperation (SAARC), the largest regional group in the world by population, is to kick off a rally to spark interest in member country hotspots and tourist attractions. The rally is to set off in Dhaka in Bangladesh and will take the ground routes through […]
Sri Lanka war planes bomb rebel targets
COLOMBO, Feb 16, 2007 (AFP) – Sri Lanka’s air force bombed suspected Tamil Tiger rebel targets in the northern Jaffna peninsula on Friday, the defence ministry said.War planes pounded the towns of Sorampattu and Palai, destroying mortar positions, the statement said. But the pro-rebel Tamilnet.com said the military targeted civilian settlements in the north in […]