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New Zealand beat Sri Lanka in second one-dayer
HAMBANTOTA, November 12, 2013 (AFP) – Nathan McCullum smashed 22 runs off the final four balls to lift New Zealand to a thrilling four-wicket win over Sri Lanka in the rain-hit second one-day international in Hambantota on Tuesday. Both batsmen fell to catches behind the stumps by wicket-keeper Sangakkara, who also stumped Grant Elliott off […]
Mauritius PM to boycott Sri Lanka Commonwealth meet
PORT LOUIS, November 12, 2013 (AFP) – The prime minister of Mauritius announced Tuesday he will stay away from this week’s Commonwealth summit in Sri Lanka because of the host’s poor human rights record.Mauritius joins India and Canada in refusing to send a premier to Sri Lanka, which is accused of widespread human rights abuses […]
”’ Sydney casino gets state backing
SYDNEY, November 12, 2013 (AFP) – Gambling mogul James Packer’s plan to build a .5 billion casino in Sydney aimed at Asian high-rollers has won crucial support from the state government.The New South Wales government late Monday struck a “binding agreement” for the project to operate from November 2019 in a prime location on Sydney […]
Tele Net
Nov 12, 2013 (LBO) – Profits at Sri Lanka Telecom, the island’s only wireline operator which also has a mobile unit, fell 15 percent from a year earlier to 1.56 billion rupees dragged down by forex losses, interim accounts showed.Interest expenses were down 31 percent to 174 million rupees but the group had forex losses […]
US warns Maldives president after vote blocked
MALÉ, November 12, 2013 (AFP) – The United States stepped up its criticism of the embattled Maldives on Tuesday, warning caretaker president Mohamed Waheed that a decision to remain in office after his mandate expired was endangering democracy.The US State Department said Waheed’s move to continue to govern after his time in office lapsed at […]
Prince Charles becomes pensioner with eye on the throne
LONDON, November 11, 2013 (AFP) – Britain’s heir to the throne Prince Charles can draw his state pension from Thursday when he turns 65 — despite having yet to start the job he has eyed for a lifetime.But when most Britons his age will be settling into their retirement, Charles can be expected to take […]
Sri Lanka Commonwealth Biz forum the largest ever
Nov 12, 2013 (LBO) – A Commonwealth Business Forum underway in Sri Lanka’s capital Colombo is the largest in the history of the organization, and can be an opportunity to solve employment and skills challenges, officials said.Sri Lanka after the end of a 30-year war presents opportunities for investment as it strives to be an […]
Sri Lanka Commonwealth biz forum can create wealth, cut poverty: President Rajapaksa
Nov 12, 2013 (LBO) – A Commonwealth business forum in Colombo can forge new partnerships that can create wealth and reduce poverty, Sri Lanka’s President Mahinda Rajapaksa said. Sri Lanka has seen strong economic growth thanks to pragmatic policies, and there was a strategy to go forward making the country an economic hub, he said. […]
Sri Lanka Commonwealth biz forum begins today
Nov 12, 2013 (LBO) – A three day Commonwealth business forum kicks off today where investment prospects of Sri Lanka and several countries will be showcased and emerging trends in Asia and Africa will come under the spotlight.President Mahinda Rajapaksa will inaugurate the sessions with a keynote address. The first session chaired Rahul Bajaj, chairman […]
”A+(lka)
Nov 11, 2013 (LBO) – Fitch Ratings has given an ‘A+(lka)’ rating for a five billion rupee debt sale by Sri Lanka’s Samapth Bank in line with an expected rating given on October 31. The subordinated debt is rated a notch below the ‘A+(lka)’ rating given for senior debt. Outlook on the rating is stable. […]
US rebukes Maldives top court as election suspended again
MALÉ, November 10, 2013 (AFP) – The United States sharply rebuked the Maldives’ top court after it suspended a presidential election runoff scheduled for Sunday, blocking a vote for the third time in two months.“Efforts by the Supreme Court to repeatedly and unduly interfere in the electoral process subverts Maldives’ democracy and takes decision-making out […]
New Zealand-Sri Lanka one-dayer called off due to rain
HAMBANTOTA, November 10, 2013 (AFP) – Bad weather forced the first one-day international between New Zealand and Sri Lanka to be abandoned in Hambantota on Sunday, cutting short an impressive display by the hosts.The second of the three one-dayers is scheduled to be played at the same venue on Tuesday. New Zealand were 13-1 from […]