Category:
‘s dismal Wayamba
CENTURION, September 20, 2010 (AFP) – The Victoria Bushrangers outclassed a dismal Wayamba Elevens team at SuperSport Park on Monday night to keep alive their hopes of reaching the semi-finals of the Champions League Twenty20 tournament. But Mubarak fell to a superb catch at cover by Hussey and the Sri Lankan side collapsed ignominiously against […]
“Restart” Sri Lanka university faculty
Sept 21, 2010 (LBO) – When all else fails in a modern computer, we hit “restart.” The machine powers down, clears all kinds of dysfunctions from the system and starts fresh. Not a panacea, but works most of the time. This is what we need to do with our universities. All else has failed. In […]
Sri Lankans among Sydney rooftop protesters: refugee activist
SYDNEY, September 21, 2010 (AFP) – A group of protesting asylum-seekers Tuesday threatened to leap from the roof of a Sydney detention centre where a Fijian man plunged to his death a day earlier, an activist told AFP. Bala Vigneswaran of the Australian Tamil Congress said nine Sri Lankan Tamils, who are among 11 protesters […]
Sri Lanka B+ sovereign rating outlook lifted to positive: Fitch
Sept 21, 2010 (LBO) – The outlook on Sri Lanka’s ‘B+’ sovereign rating has been lifted to ‘positive’ from ‘stable’ on the end of a 30-year war and an agreement with the International Monetary Fund. The full statement issued by Fitch is reproduced below: Fitch Ratings has today affirmed Sri Lanka’s Long-term foreign and local […]
Sri Lankan stocks close up 0.99-pct
Sep 20, 2010 (LBO) – Sri Lankan stocks closed at another record high Monday, after a 10 percent upward and downward price band was lifted, while heavy buying of property development and finance firms boosted turnover, brokers said. The All Share Price Index shot up in early trade, with the previously announced expiry of the […]
Sri Lanka airport transit facilities boosted: state airline
Sept 20, 2010 (LBO) – Facilities for transit passengers in Sri Lanka’s international airport at Katunayake has been boosted with a 24-room hotel, which is under the management of state-run SriLankan airlines, the national carrier said. The airport has eight rooms with double beds, and eight rooms with a single deb and an attached bathroom. […]
‘s end
Sept 20, 2010 (LBO) – Sri Lanka is to impose a new levy on tea exports to raise funds for marketing and advertising to increase its market share in the highly competitive beverage market, officials said. Upali Dissanayake, additional secretary of the Ministry of Plantation Industries, said the law to enable the collection of the […]
Detention Protest
SYDNEY, September 20, 2010 (AFP) – A Fijian man died suddenly at a Sydney immigration centre Monday, officials said, with a protest breaking out in the compound after claims he had jumped from a rooftop fearing deportation. Immigration officials said they were helping a police investigation into the “sudden death of a 36-year-old detainee” at […]
Legal Cover
Sept 20, 2010 (LBO) – Corporate lawsuits are on the rise in Sri Lanka with the collapse of financial firms and a new company law making directors and executives more accountable, an insurance industry official said. Not only globally but in Sri Lanka too the trend of claims filed against corporate executives exposing them to […]
Jail Protest
September 19, 2010 (AFP) – Sri Lanka’s ex-army chief and opposition leader Sarath Fonseka on Sunday rejected his conviction at a court martial and said he would fight against a proposed three-year jail term. Fonseka, in a statement released through his democratic National Alliance (DNA) party, said he did not accept Friday’s verdict in a […]
Sri Lanka budget revenues on track, expenses up in July
Sept 20, 2010 (LBO) – Sri Lanka’s state revenues were on track with a projected budget for the first seven months to July 2010 but current expenses have started to creep up, keeping the revenue deficit wide, official data show. Total revenues were up 22.7 percent to 355.4 billion rupees up to July, with non-tax […]
Sri Lanka urban development agency making heavy losses
Sept 20, 2010 (LBO) – Sri Lanka’s Urban Development Authority (UDA) has been making losses from 2006 and the accumulated loss by December 2009 was 1.1 billion rupees, its debenture prospectus has revealed. People occupying state-owned land are to be resettled and the property they were on are to be opened up for development by […]