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Younus falls for 313 as Pakistan steered to safety
KARACHI, February 25, 2009 (AFP) – Younus Khan fell for 313, agonisingly short of the national and world Test records, after steering Pakistan to safety in the first Test against Sri Lanka on Wednesday.Younus, who resumed at 306, played on to Sri Lanka’s Dilhara Fernando in the ninth over of the final day, disappointing the […]
‘s tax office back in business
Feb 25, 2009 (LBO) – Sri Lankan tax payers are being asked by the Inland Revenue Department (IRD) to continue to pay their dues, as the island’s tax office is operating as usual after last week’s Tamil Tiger air attack on its headquarters building. A government minister said the IRD’s tax data base had not […]
Sri Lanka cuts reserve ratio again
Feb 24, 2009 (LBO) – Sri Lanka has cut the statutory reserve ratio (SRR) or percentage of deposits commercial banks must keep with the central bank, by 75 basis points to 7.0 percent releasing 9 billion rupees of cash to the system.From September to December, Sri Lanka’s official reserves have halved from 3.4 to 1.7 […]
Sri Lanka shares end down
Feb 24, 2009 (LBO) – Sri Lankan shares ended weaker Tuesday on low volumes with tableware exporter Dankotuwa Porcelain falling after news that it had lost a big American export customer, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index eased […]
Quick Links
Feb 24, 2009 (LBO) – The disaster management capabilities of Sri Lanka’s regional government offices have been boosted with broadband services which will improve communications and decision-making, a United Nations agency said. “Before we had to physically meet and that was a costly and time consuming exercise,” said Mellawathanthri. “The ADSL connection and the webcam […]
Sri Lanka Tiger chief unlikely to surrender: defence chief
February 24, 2009 (AFP) – The elusive leader of Sri Lanka’s Tamil Tiger rebels is not expected to surrender despite losing his de facto state and may instead try to flee by boat, the country’s top defence official said Tuesday. Tiger chief Velupillai Prabhakaran, 54, could use a human smuggling ring to escape by boat, […]
Sri Lanka troops advance on last Tiger hold-out: military
February 24, 2009 (AFP) – Sri Lankan government troops were Tuesday advancing on the last urban area in the north of the island still in the hands of Tamil Tiger rebels, the military said.Brigadier Udaya Nanayakkara said soldiers were “on the fringes of Puthukkudirirppu,” a small town on a narrow strip of land in the […]
Sri Lanka probes origin of Tiger aircraft
February 24, 2009 (AFP) – Sri Lanka’s military said Tuesday it was trying to establish how the Tamil Tigers managed to buy light planes abroad, smuggle them onto the island and establish a rebel air force.According to the island’s defence ministry, the raid was the last air attack likely to be carried out by the […]
Younus smashes double century as Test heads for draw
KARACHI, February 24, 2009 (AFP) – Younus Khan notched a spectacular double hundred to help Pakistan avoid following on against Sri Lanka as the first Test headed towards a draw here on Tuesday. The new captain was unbeaten on 243 for his second Test double hundred which helped Pakistan move to 453-4 at tea on […]
Risky Behaviour
Feb 23, 2009 (LBO) – Sri Lanka’s existing financial regulation are adequate to take action against unregistered finance firms who defraud customers, a former member of the central bank monetary board said.Deva Rodrigo said the recent collapse of unregistered finance companies had raised fears about the stability of the financial system. This was one of […]
Sri Lankan tea prices rise
Feb 23, 2009 (LBO) – Tea prices rose sharply at last week’s Colombo auction with crops on the decline and the quality season which attracts overseas buyers in full swing, brokers said.The brightest seasonal Nuwara Eliya BOP teas moved up sharply by 50 – 100 rupees per kilo. The market also moved up sharply for […]
Migrant Move
SYDNEY, February 23, 2009 (AFP) – Australia will likely cut the number of skilled immigrants allowed into the country next year, following the global economic downturn, the government said Monday.“I expect the numbers of our programme to drop next year as a reaction to the economic circumstances,” Immigration Minister Chris Evans told reporters. He gave […]