Author: lbostgadmin
Quick Chat
Apr. 03 (LBO) – Sri Lanka will take up thorny issues like shipments of pepper and vanaspati oil to India, when both sides meet for trade talks in Colombo this month, an official said Monday. Four days of trade talks between the two nations under the Comprehensive Economic Partnership Agreement or CEPA are due to […]
New Feather
Apr.03 (LBO) – Sri Lanka’s Hemas Holdings Ltd Monday announced the appointment of Lalith de Mel as the group’s chairman. Husein Esufally will continue to lead as Chief Executive Officer of the family owned conglomerate. De Mel has served on the Hemas Board since 2003 and has been closely involved in its transformation as a […]
Sri Lanka snap poll possible as ruling party sweeps local elections
April 2 (AFP) – Sri Lanka’s ruling party may call snap elections after its success in local polls gave it a chance to break away from hardline allies opposed to a peace process with Tamil rebels, analysts say. President Mahinda Rajapakse could call parliamentary polls four years ahead of schedule if his two key nationalist […]
Sri Lanka, Pakistan agree to intensify trade, defence, economic links
ISLAMABAD, Apr.0l (AFP) – Pakistan and Sri Lanka agreed Saturday to intensify cooperation in defence, science and technology and trade after talks between their leaders, officials said. Sri Lankan President Mahinda Rajapakse, who arrived here Friday on a three-day visit, held talks with Pakistani President Pervez Musharraf and Prime Minister Shaukat Aziz on a wide […]
Low vote for monks, Marxists to help Sri Lanka peace: media
April 01 (AFP) – The crushing electoral defeat of Sri Lanka’s nationalist Buddhist monks and Marxists, who both oppose Norwegian-backed peace moves, could boost efforts to end ethnic bloodshed, media said Saturday.Official results of the Thursday poll showed that President Mahinda Rajapakse’s People’s Alliance won 225 of the 266 local councils. By contrast, the Marxist […]
Sri Lanka look to winning farewell for Jayasuriya
KANDY, Apr. 01, 2006 (AFP) – The Sri Lankan team is hoping to give former skipper Sanath Jayasuriya a grand farewell by winning the second and final Test against Pakistan starting here on Monday.Left-handed Jayasuriya, 36, Sri Lanka’s highest run-scorer in both Test cricket and one-day internationals, announced his retirement from Tests on Friday. “We […]
Sri Lanka ruling party heads for local council win
Mar. 31 (AFP) – Sri Lanka’s ruling party Friday was headed for a comfortable sweep of local council elections after the first test of public opinion since President Mahinda Rajapakse came to power.Official results declared by the Sri Lankan election department showed that Rajapakse’s people’s Alliance had won 39 out of the 49 councils declared […]
Sri Lanka to discuss military cooperation with Pakistan
Mar. 31 (AFP) – Sri Lankan President Mahinda Rajapakse was due in Islamabad Friday for a three-day visit during which he is expected to discuss military cooperation with Pakistan, official sources said Friday.Rajapakse, who is also the defence minister, will hold talks with President Pervez Musharraf on bilateral trade, tourism, cultural exchanges and defence matters […]
‘s economy expands by 5.9 % in 2005
Mar. 31 – Sri Lanka’s economy expanded by 5.9 percent in 2005, over 5.4 percent a year earlier, in the backdrop of high international oil prices and stiff competition for key exports like garments, the Central Bank said Friday. Economic growth during the fourth quarter of 2005 was 6.3 percent on higher inputs from agriculture, […]
‘s March inflation dips
Mar. 31 (LBO) – Sri Lanka’s annualised inflation eased to 9.6 percent in the twelve months to March from 10.3 percent in February, despite price hikes in the sales of firewood, sugar, meat and milk tea, the Census & Statistics Dept said Friday. The twelve month moving average is usually taken as the official inflation […]
Liquid Potential
Mar. 31 (LBO) – Small hydro company Vallibel Power Erathne, that opens its share issue on April 6, is bullish on Sri Lanka’s hydro and other renewable energy prospects, despite climbing costs. The Vallibel Power group operates 18.9 megawatts in small hydro plants, with plans to go up to 45 MegaWatts over the next few […]
‘s Jayasuriya announces retirement
Mar. 31 (AFP) – Sri Lanka’s veteran opening batsman Sanath Jayasuriya Friday said he would retire from Test cricket after next week’s match against Pakistan. -Amal Jayasinghe: win98win@ “I thought about it long and hard and decided that’s it. It’s a very emotional moment, but I guess every good thing has to come to an […]