Category:
Lite Ceiling
Nov 19, 2007 (LBO) – The piercing of the sovereign ceiling by a Sri Lankan telco has raised hopes of better credit ratings for the country’s top companies, which have been saddled with junk ratings due the parlous state of the government’s own finances. Last week, S&P upgraded the credit rating of Sri Lanka Telecom […]
Fashion Queen
Nov 19, 2007 (LBO) – British fashion queen Jane Shepherdson is planning a new venture, the former Topshop brand director said on a visit to Sri Lanka, which is fast becoming a centre for high-end apparel manufacture. “I™m planning to start a new business soon, that is all I can say, she told LBO. Shepherdson […]
Dollar weak in Asian trade on Fed concerns
TOKYO, Nov 19, 2007 (AFP) – The dollar was weak in Asian trade Monday in the wake of soft US economic news as investors wonder about the US Federal Reserve’s interest rate policy action next month, dealers said. Trade moved in tight ranges as investors squared positions in shortened trade this week ahead of holidays […]
‘s double strike gives Aussies winning scent
HOBART, Australia, Nov 19, 2007 (AFP) – Brett Lee undermined Sri Lanka’s hopes of chasing down a history-making 507 runs against Australia in the second cricket Test with two crucial wickets late on the fourth day here Monday.The pace spearhead lured Marvan Atapattu into a trap for his favoured hook shot and then bowled first-innings […]
Sri Lanka in trouble against Aussies
HOBART, Australia, Nov 19, 2007 (AFP) – Sri Lanka hit early trouble in their chase for an improbable 507 runs to win the second cricket Test and square the series with Australia at Bellerive Oval on the fourth day here Monday.Jaques was chasing his third consecutive century against Sri Lanka in the series.The tourists began […]
Sri Lankan government wins crucial budget vote
Nov 19, 2007 (LBO) – The Sri Lankan government won a crucial vote in parliament to pass its budget for 2008 on Monday afternoon after days of speculation. The decision came after much speculation about the fate of the government if it failed to muster enough votes to have the budget passed by parliament. If […]
Smoke Policy
Nov 18, 2007 (LBO) – Sri Lanka would tighten environmental protection regulations next year with vehicle emissions being a key target of the authorities, officials said. Sri Lanka also started to heavily subsidize fuel from 2004 sending the wrong price signals to the economy. Earlier this week the government launched a vehicle emission testing program […]
Chavez threatens US$200 a barrel oil
RIYADH, Nov 18, 2007 (AFP) – OPEC hardliners and moderates were deeply divided about whether oil should be used as a political weapon at a rare summit of the cartel on Sunday, with Venezuela and Saudi Arabia at loggerheads.The summit concludes later Sunday with a declaration expected to assure the world of sustainable oil supplies. […]
Bangladesh cyclone death toll hits 3,000, millions destitute
BARGUNA, Bangladesh, Nov 18, 2007 (AFP) – The death toll from a massive cyclone that smashed through impoverished Bangladesh was 3,000 and continuing to rise Sunday with millions left homeless, hungry and without medical help.Three days after the disaster, rescue workers were still fighting their way to remote areas where entire villages on the coast […]
Bangladesh says cyclone death toll hits 2,000
DHAKA, Nov 18, 2007 (AFP) – Bangladesh said Sunday the death toll from a massive cyclone hit 2,000, with that grim tally certain to rise as the impoverished country struggled to get aid to millions of people left homeless.The death toll has been jumping by hundreds at a time as rescue workers fight their way […]
‘s mixed feelings after Test hundred
HOBART, Australia, Nov 18, 2007 (AFP) – Skipper Mahela Jayawardene produced one of his great fighting innings for his first century against Australia but has mixed feelings after another poor Sri Lankan batting display here Sunday.The gifted 30-year-old right-hander defied the Australian bowlers to post a resilient 104 as Sri Lanka crumbled to be all […]
Sri Lanka all out for 246 in second Test
HOBART, Australia, Nov 18, 2007 (AFP) – Sri Lanka were all out for 246 in reply to Australia’s first innings 542 for five declared late on the third day of the second cricket Test at Bellerive Oval here Sunday. Even though Australia held a 296-run lead on the first innings, skipper Ricky Ponting decided to […]