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Sri Lanka win toss, bowl against India
CANBERRA, Feb 12, 2008 (AFP) – Sri Lankan captain Mahela Jayawardene won the toss and chose to bowl in the rain-delayed match of the triangular one-day cricket series against India here Tuesday.. After heavy showers in the morning, the match was shortened to 29 overs a side. India stayed with the side that upset Australia […]
Sri Lanka Tigers shell military base as fighting kills dozens
Feb 12, 2008 (AFP) – Tamil Tiger rebels shelled a key military base in northern Sri Lanka on Tuesday, officials said, as the defence ministry said dozens of rebels were killed in new fighting.The Liberation Tigers of Tamil Eelam (LTTE) attacked the Thallady military camp in the district of Mannar early Tuesday, drawing retaliatory fire […]
Oil Trends
Feb 12, 2008 (LBO) – Lanka IOC is looking to extend its bunker business once new pipelines connecting the Colombo port with storage terminals are laid, an official said. The pipes would be laid by the common infrastructure firm, Ceylon Petroleum Storage Terminals Ltd (CPSTL), which is jointly owned by Lanka IOC, the state-owned Ceylon […]
Sri Lanka to see Cathay flights from March
Feb 11, 2008 (LBO) – Hong Kong’s Cathay Pacific Airways will resume daily flights to Sri Lanka from March, after security was tightened at the island’s international airport, the airline said Monday. CX711 departs Hong Kong at 16.15 and arrives in Sri Lanka at 22.45, while the return CX710 service departs Colombo at 00.15 on […]
Sri Lanka hotels gain on merger news
Feb 11, 2008 (LBO) – Sri Lanka’s Associated Hotels Company Limited (AHCL) will merge with Ceylon Hotels Corporation (CHC) and another company, Perigrine Private Limited, the company said Monday. The date of merger was not announced, but may be determined by the registrar of companies. Associated Hotels share was up 10.25 on the news to […]
Scheme Collapse
KABUL, Feb 10, 2008 (AFP) – Around 3,000 mostly young Afghan men marched through Kabul Sunday to demand the government lift a temporary ban on an international money-making scheme. The protesters marched to the gates of the palace of President Hamid Karzai, where they read out a resolution demanding the government lift a temporary order […]
Third Vision
Feb 11, 2008 (LBO) – Sri Lanka’s top mobile operator Dialog Telekom says its third generation network will be used to provide live newsfeeds for Sri Lanka’s Derana television service. “Reporting instantly from the location through 3G video calling reduces the time lag that is usually associated with unavoidable delays in transferring recorded material for […]
Sri Lanka exporters urged to focus on food safety, product liability issues
Feb 11, 2008 (LBO) – Sri Lankan exporters should secure their shipments not only because of security but because product liability and food safety are growing concerns in western markets, a container security expert says. New global container security initiatives, which emerged as a response to terrorist threats, are now not only limited to security, […]
Hong Kong prices up as dollar peg imports US inflation
HONG KONG, Feb 11, 2008 (AFP) – On the day before the Lunar New Year festival, almost every pork butcher in Hong Kong’s Wanchai market is frantically busy with queues of housewives and maids 10 deep. Family feasts to mark the new lunar cycle — this year the advent of the year of the rat […]
Attack on Bombay stock exchange foiled: Indian police
NEW DELHI, Feb 11, 2008 (AFP) – Police in northern Indian have held six alleged Islamic militants suspected of planning an attack on the Bombay Stock Exchange (BSE), a report said Monday.India’s stock market is a potent symbol of the country’s booming economic growth.In 2007, India’s stock markets rose by a record 47.1 percent, the […]
Inflation czar Chavez threatens milk plant nationalization as price controls cause shortages
CARACAS, Feb 10, 2008 (AFP) – Venezuelan President Hugo Chavez on Sunday warned Venezuela could expropriate milk processing plants based here and owned by Italy’s Parmalat and Swiss-owned Nestle.Caracas blames exporting to other countries for the supply chain woes. Exporters blame price controls the government put in place five years ago. “It doesn’t make any […]
Sri Lanka mine attack kills two police
Feb 11, 2008 (AFP) – Two policemen were killed in a land mine blast in northern Sri Lanka on Monday, military officials said as the defence ministry said it had killed at least 68 Tiger rebels in weekend clashes. An inspector and a constable were blown up in the district of Vavuniya while on a […]