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Sri Lankan Airlines to re-fleet from Dec; Etihad main code-share partner
Aug 27, 2008 (LBO) – Sri Lankan Airlines expects to replace its older fleet of short haul Airbus A320s with new deliveries starting December and will also make Etihad its main code-share partner, a top official said.Though the aircraft would be more expensive, falling lease rentals in the wake of interest rate falls and better […]
Oil prices near 117 dollars on Hurricane Gustav
SINGAPORE, August 27, 2008 (AFP) – World oil prices rose in Asian trade Wednesday, underpinned by concerns Hurricane Gustav may head for the Gulf of Mexico where key US energy installations are located, dealers said.Anglo-Dutch energy giant Royal Dutch Shell said it was planning to evacuate some staff from its Gulf facilities because of Gustav. […]
Cairn Energy reports falling net profits
LONDON, August 27, 2008 (AFP) – British oil firm Cairn Energy said that net profits slumped in the first half of 2008, compared with the same period last year when it was boosted by the part sale of its Indian division. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ […]
‘s Vaas joins 400-wicket club
August 27, 2008 (AFP) – Sri Lanka’s Chaminda Vaas on Wednesday became the fourth bowler to complete 400 wickets in one-day internationals, achieving the feat during the fourth match against India here. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The left-arm seamer had Yuvraj Singh caught […]
Sri Lankan jet strikes after Tiger plane attack
August 27, 2008 (AFP) – Sri Lankan jets carried out retaliatory attacks against Tamil Tiger rebels on Wednesday, a day after the guerrillas used a light aircraft to bomb a key naval facility, officials said.Tens of thousands of people have died since the LTTE launched a separatist campaign in 1972 to carve out a homeland […]
Sri Lanka stocks close lower, AMW deals dominate trade
Aug 26, 2008 (LBO) – Sri Lanka stocks closed marginally lower while turnover reached half a billion rupees following deals in Associated Motorways (AMW) Tuesday, stockbrokers said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The All Share Price Index fell 0.23 percent (5.63 points) […]
Tight Ship
Aug 26, 2008 (LBO) – Profits at Sri Lanka’s Hatton National Bank group dipped 17 percent to 567 million rupees in the quarter ended June 2008 as rising interest rates and flat loan growth took its toll, interim accounts released showed.The bank said in a statement that it had contained non-interest income which grew only […]
Double Whammy
Aug 26, 2008 (LBO) – Sri Lanka’s banks face challenging times with margins being squeezed as interest rates rise, a report by a stock brokerage said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 “The last two quarterly earnings seasons have shown testing times for […]
Second Hearing
Aug 26, 2008 (LBO) – A case against a Sri Lankan teenager who was condemned to death in Saudi Arabia, will be heard again after an appeal to a higher court, the island’s foreign ministry said. Embassy officials had visited Rizana on August 17 and found her in good health. Rizana was only 17 years […]
Sri Lanka Tigers bomb Trincomalee port town
Aug 26, 2008 (LBO) – Sri Lanka’s Tamil Tiger guerilla aircraft have dropped two bombs in the Eastern port town of Trincomalee, in a Tuesday night raid, the military and residents said.The defence ministry said Tiger aircraft had dropped two bombs and fled the town. Residents reported anti-aircraft fire, in a town which has had […]
Sri Lanka Trincomalee port town bombed
Aug 26, 2008 (LBO) – At least two explosions ripped through the port town of Trincomalee in Eastern Sri Lanka, which is home to a strategically important naval base Tuesday night, residents and the military said. “There had been an explosion in Trincomalee town and we are checking on it,” military spokesman Udaya Nanayakkara said. […]
Recognition pacts for ASEAN accountants, dentists, doctors
SINGAPORE, August 26, 2008 (AFP) – Southeast Asian economic ministers have signed agreements allowing their nations’ accountants, dentists and doctors to work in each other’s countries, officials said Tuesday. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Association of Southeast Asian Nations (ASEAN) ministers signed […]