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Sri Lanka coal plant test on schedule despite fire: minister
Oct 25, 2010 LBO) – A planned testing of Sri lanka’s first coal-fired power plant will go ahead as scheduled on November 17, despite a fire which broke out over the weekend, power minister Champika Ranawaka said. Potential fire damage to Norochcholai plant on the west coast is still being assessed by the government analyst, […]
‘s gold
October 25, 2010 (AFP) – Sri Lankan sports chiefs on Monday confiscated the gold medal won by boxer Manju Wanniarachchi at this month’s Commonwealth Games and gave him two weeks to answer doping charges. Wanniarachchi, 30, Sri Lanka’s only gold winner at the Games, tested positive for the performance-enhancing steroid nandrolone, according to a report […]
‘s T20 with Sri Lanka
SYDNEY, October 25, 2010 (AFP) – Paceman Peter Siddle and wicketkeeper Brad Haddin have returned to Australia’s squad for next weekend’s Twenty20 match with Sri Lanka in Perth after injury, selectors said Monday. Siddle is available for Sunday’s game after a lengthy rehabilitation from a back injury, while Haddin has returned to full fitness following […]
Golden Key
Oct 24, 2010 (LBO) – Sri Lanka will file criminal charges against directors of Golden Key Credit Card Company, an unregulated firm promising high interest rates that collapsed owing 26 billion rupees to investors, a media report said. Another media report by The Sunday Times newspaper said some depositors had filed an affidavit at an […]
Pakistan president to visit Sri Lanka: official
October 24, 2010 (AFP) – Pakistan President Asif Ali Zardari will visit Sri Lanka next month in a bid to boost trade and security cooperation, an official said Sunday. Zardari will be accompanied by foreign minister Shah Mehmood Qureshi and a group of Pakistani businessmen, a foreign ministry official said. “The two days of meetings […]
India microlenders face heat over rates and debt recovery
NEW DELHI, October 24, 2010 (AFP) – India’s biggest lender to the poor, SKS Microfinance, was the toast of investors when it staged a hugely successful public share offer three months ago. Now SKS, India’s only listed microfinancier, faces an unwelcome spotlight as it and other small-scale lenders come under scrutiny over high interest rates, […]
Sri Lanka power utility fights fire at Chinese built coal plant
Oct 24, 2010 (LBO) – A fire has broken out at Sri Lanka’s first coal burning power plant in Sri Lanka Western coastal town of Norochcholai which was scheduled to start test operations next month, but it is being brought under control, a top official said. Chairman of state-run Ceylon Electricity Board, Vidya Amarapala said […]
‘s lone gold medallist fails dope test: report
October 24, 2010 (AFP) – Sri Lanka’s only gold medallist at this month’s Commonwealth Games, boxer Manju Wanniarachchi, has tested positive for a banned steroid, a report said Sunday. The privately run Lakbima News newspaper said Wanniarachchi, 30, who had brought home the island’s first Commonwealth boxing gold in 72 years, had tested positive for […]
Sri Lanka coconut prices hit new highs amid trade protection
Oct 23, 2010 (LBO) – Sri Lanka’s fresh coconut prices hit a new high at this week’s auction in Colombo, compounded by state interventions that restrict trade and keep prices of substitutes at higher than global levels. At Thursday’s auction of fresh coconuts in Colombo – which is a proxy for farm gate prices – […]
‘s one-day win
BRISBANE, October 22, 2010 (AFP) – Skipper Kumar Sangakkara hammered 110 off 95 balls as Sri Lanka blazed to a score of 301 on their way to a 112-run win over Queensland in their opening Australian tour match on Friday. The Sri Lankans, building up to their three-match one-day international series with Australia next month, […]
Port Prospects
Oct 22, 2010 (LBO) – A new port being built in Sri Lanka’s southern Hambantota has drawn investment proposals from local and foreign businesses including the local Senok Combine and Micro Car for vehicle assembly, officials said. The second phase will expand and deepen the harbour, adding more berths and cranes to handle containers. Madras […]
Paradise Isle
Oct 22, 2010 (LBO) – Sri Lanka has been awarded the record for the world’s “largest cup of tea,” but the stunt earlier this month may have also earned the island some gargantuan and enormously meaningless records. Had it coincided with the height of the monsoon, we could have also claimed the world’s largest cup […]