Category:
Sri Lanka names new cricket selection panel
July 31, 2007 (AFP) – Former Sri Lanka fast bowler Asantha de Mel was re-appointed chief of the national cricket selection committee which was reshuffled by the sports minister on Tuesday. De Mel and Don Anurasiri were retained from the previous selection panel and will be joined by Mahes Goonathilake and Ranjith Madurasinghe in the […]
Sri Lanka north blast kills three soldiers
July 31, 2007 (AFP) – Three soldiers died in a bomb attack in northern Sri Lanka Tuesday, while the military said it had uncovered a new Tamil Tiger weapons cache in the island’s east.The three security personnel were killed by a roadside bomb set off by suspected rebels in the northern peninsula of Jaffna Tuesday, […]
Sri Lanka July inflation up sharply
July 31, 2007 (LBO) – Sri Lanka’s consumer prices shot up to 17.6 percent in the year to July with the index growing 2.8 percent in the past 30 days, the government’s statistics office said Tuesday. . In the year to June inflation was only 13.0 percent, but monthly inflation has been edging up on […]
Sri Lanka government workers eat up new tax revenues
July 31, 2007 (LBO) – Sri Lanka’s bloated public sector has consumed a bulk of the additional tax collections in the first five months of the year, with the salary bill rising 30 percent, data released by the finance ministry shows. During the last three years the treasury and revenue authorities have tightened loopholes and […]
Sri Lanka markets quiet at noon; state names sell dollars
July 30, 2007 (LBO) – Sri Lanka stocks were down 0.8 percent by noon Monday while the rupee traded around 111.78 to the dollar with state names intervening in the market, dealers said.The action had been initiated by East West Group chairman Nahil Wijesuriya, the newspaper said. In cash markets, overnight repo rates moved between […]
Demotion
July 30, 2007 (LBO) – Fitch Ratings has downgraded the rating outlook of National Development Bank from ‘positive’ to ‘stable’ after a proposed merger with the Commercial Bank was aborted. NDB has an asset base of 65 billion rupees. National Development Bank, originally a development finance institution, merged with NDB Bank, its commercial banking subsidiary […]
Rating Shuffle
July 30, 2007 (LBO) –The Sri Lanka unit of Rating Agency Malaysia (RAM) said Monday its operations will not be affected by a restructuring of the parent. Lanka Ratings Agency (LRA) said the credit ratings services and consultancy services of RAM had been separated under a regulatory requirement in Malaysia. RAM has been re-named RAM […]
Carbon Footprints
July 30, 2007 (LBO) – Global warming is increasingly being recognized as a threat around the world, but the business of carbon trading to reduce global warming could prove a blessing for developing countries. But it is by no means easy money. Developed countries are seen as the main culprits of global warming due to […]
Citizen journalism website gets multi-million-dollar boost
SAN FRANCISCO, July 30, 2007 (AFP) – NowPublic announced Monday that the fast-growing citizen journalism website has scored 10.6 million dollars (US) in financing to fuel its drive to become the world’s largest news agency.The Vancouver-based start-up says it is growing at a rate of 35 percent monthly and has nearly 120,000 contributing “reporters” in […]
England happy with Sri Lanka security: officials
July 30, 2007 (AFP) – England’s winter tours of Sri Lanka looked set to go ahead after local officials claimed Monday that a security assessment team sent by the tourists was satisfied with the arrangements.Sri Lanka Cricket (SLC) chairman Jayantha Dharmadasa said that John Carr, a top official of the England and Wales Cricket Board […]
Indian league storm set to hit Sri Lanka
July 29, 2007 (AFP) – A multi-million-dollar rebel league in India seems set to take Sri Lankan cricket by storm with several top players approached to join the lucrative series, sources said on Sunday.The Indian Cricket League (ICL), promoted by the country’s largest listed media group Zee Telefilms, features six teams playing Twenty20 matches across […]
India-Sri Lanka peace accord marks 20 years with war
July 30, 2007 (AFP) – When India and Sri Lanka signed a peace pact two decades ago it was hailed as a landmark that could end Asia’s longest running civil war. But since then, the bloodshed has only got worse. The 1987 accord envisaged the disarming of Tamil Tiger separatists by India, which had armed […]