Free Tests

Aug 20, 2008 (LBO) – Brown & Company and its associate Klevenberg have launched a campaign to conduct free mobile emission tests on vehicles in parts of Sri Lanka, the company said in a statement. Klevenberg is the sole agent for Lucas batteries in Sri Lanka. It is also the sole agent for brands such […]

Tight Margins

Aug 20, 20078 (LBO) – Sri Lanka’s Seylan Bank’s net profits for the quarter ended June 2008 has fallen 32-pct to 309.6 million rupees on tighter margins, interim accounts filed with the Colombo Stock Exchange showed. Total deposits were up 3.85 percent to 117.6 billion rupees. Group assets grew 3.3 percent to 162.4 billion rupees […]

Slow Mobile

Aug 20, 2008 (LBO) – The Sri Lanka unit of Hong Kong-based Hutchison Telecom says its mobile subscribers in the island will drop after correcting an “overstatement” and tighter government registration rules in 2008. Revenue in the six months to June had risen 3.5 percent to 89 million Hong Kong dollars from 86 million dollars […]

Sri Lankan military gets US training in probing rights abuses

Aug 20, 2008 (LBO) – The United States military’s Pacific Command has conducted a military law exchange programme to train Sri Lankan security forces to investigate and report human rights abuses, a US embassy statement said. Legal and law enforcement officers, operational commanders, investigators and academics from the Ministries of Defense and Foreign Affairs, Attorney […]

Sri Lankan Airlines in the black with aircraft sales

Aug 20, 2008 (LBO) – Sri Lanka’s national carrier SriLankan Airlines has posted a 4.8 billion rupee profit with capital gains from aircraft sales, in a year that it was hit by rising fuel costs and weak tourist arrivals to the island. The carrier had lost 6.1 billion rupees (57 million US dollars) on its […]

”, Venezuela, spooks oil market to drive prices up

SINGAPORE, August 20, 2008 (AFP) – World oil prices rose in Asian trade Wednesday on fresh supply concerns after key producer Venezuela indicated it could ask OPEC to cut output, dealers said. In afternoon trade, New York’s main contract, light sweet crude for September delivery, rose 40 cents to 114.93 dollars a barrel. The contract […]

Matsushita says new DNA technology identifies disease risks

TOKYO, August 20, 2008 (AFP) – Japan’s Matsushita Electric Industrial Co. said Wednesday that it had developed a new way of predicting from a person’s DNA their response to medication and risk of developing disease. Matsushita, which is best known for its Panasonic brand, said it had developed a technology to electronically identify sequence variations […]

India level series with tense victory

DAMBULLA, August 20, 2008 (AFP) – Mahendra Singh Dhoni capped Zaheer Khan’s devastating spell with a crucial 39 as India posted a tense three-wicket win over Sri Lanka in the second one-day international here on Wednesday. Left-arm seamer Zaheer ran through the top order in his incisive opening spell to finish with 4-21 as India […]

Sri Lanka strike back in India one-dayer

DAMBULLA, August 20, 2008 (AFP) – Sri Lanka hit back with two quick wickets after posting a modest 142 in the second one-day international against India here on Wednesday.India lost makeshift opener Irfan Pathan (five) and Suresh Raina (one) before reaching 17-2 in reply at the break.Virat Kohli was unbeaten on seven and Yuvraj Singh […]

Australia set to boycott Champions Trophy cricket

MELBOURNE, August 19, 2008 (AFP) – Despite the International Cricket Council (ICC) giving Champions Trophy security the all clear on Tuesday, players from the defending champions, Australia, are set to boycott the upcoming one-day tournament, Australian newspapers were reporting early Wednesday. The Champions Trophy is scheduled for September 12-28 in troubled Pakistan and ICC chief […]

Aug 20, 2008 (LBO) – Sri Lanka’s Free Media Movement (FMM) said government charges against a journalist who has been detained for months were weak and an attempt to cow down the media by using anti-terrorist laws.It said in a statement that it had learnt that journalist J S Tissainayagam, who has been held in […]

Sri Lanka seeks fisheries aid from Iceland

Aug 20, 2008 (LBO) – Sri Lanka has sought help from Iceland to develop its fisheries and geo-thermal resources and both countries plan to improve air travel links, the foreign affairs ministry said in a statement. The request for aid was made by Sri Lankan foreign minister Rohitha Bogollagama during a visit to Reykjavik earlier […]

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