Category:
Moody leaves Sri Lanka to coach Western Australia
PERTH, Australia, May 14, 2007 (AFP) – Tom Moody has quit as coach of Sri Lanka’s cricket squad to take over at Western Australia next season, the WA Cricket Association said here Monday.WACA president Dennis Lillee said Moody, a former Australian international cricketer, will take over coaching Western Australia on July 1. Moody, who led […]
Sri Lanka says eight rebels killed in fresh violence
COLOMBO, May 14, 2007 (AFP) – Eight Tamil Tiger rebels have been killed in fresh clashes in Sri Lanka’s embattled northern and eastern regions, the defence ministry said Monday.Security forces killed seven rebels in the northern district of Vavuniya late Sunday in a gunbattle along their defence lines, the ministry said. In a separate confrontation […]
Big Bucks
May 13, 2007 (LBO) – State-owned Bank of Ceylon is on a path to increase private sector lending and strengthen its capital to keep pace with a growing loan book, officials said. . The Bank of Ceylon, Sri Lanka’s largest bank has been a principal financier of the government but in the last quarter private […]
High Standards
May 13, 2007 (LBO) – The Chillies advertising awards in Sri Lanka finished Saturday with no winners among the finalists but Triad Advertising agency clinched two gold awards, unofficially making them the winners. The statement said Leo Burnett was able to win awards across a wide range of categories for a diverse group of clients, […]
Sri Lankan Buddhist monk, five rebels killed
May 13, 2007 (AFP) – Unidentified gunmen shot dead a Buddhist monk in eastern Sri Lanka Sunday as security forces killed five Tamil Tiger rebels elsewhere, officials said. Monk Sandungamuwe Nandaratana was shot dead at a temple about 260 kilometres (162 miles) northeast of Colombo, military officials said, adding that the attackers had escaped. The […]
Foreign aid cut fear as Sri Lanka fails on human rights
May 13, 2007 (AFP) – Sri Lanka’s failure to share power with minority Tamils and put an end to extra-judicial killings have raised prospects of more aid cuts to the embattled island, officials and diplomats say. A top US envoy left Colombo on Thursday after castigating the government of President Mahinda Rajapakse for not delivering […]
Washed Up
May 12 (LBO) – High winds caused a barge anchored off Galle port in southern Sri Lanka to drag anchor and get washed ashore Friday, eyewitnesses and harbour officials said. The unladen barge had been towed by a tug which had come to Galle for repairs after developing engine trouble when sailing past the island. […]
Sri Lanka Tiger attack costs Shell 700,000 dollars
May 12, 2007 (AFP) – The Sri Lankan unit of Royal Dutch Shell suffered damages of at least 700,000 dollars in an air attack by Tamil Tiger rebels last month, the company said on Saturday. Two bombs exploded at the Anglo-Dutch company’s storage facility on the outskirts of Colombo, damaging one of its four storage […]
Rolling Stock
May 11, 2007 (AFP) – Sri Lanka plans to buy 60 million dollars worth of locomotives and passenger coaches from China to modernise its Victorian-era network, the state-owned railway announced on Friday.Sri Lanka Railways is purchasing 100 carriages and 15 diesel-powered locomotives, technical manager P.P. Wijesekera told AFP. China’s Exxim Bank will fund the purchases […]
Big Claims
May 11, 2007 (LBO) – Union Assurance has reported after-tax profit for the quarter ending March 2007 fell to 21 million rupees from 33 million in the same 2006 period. Life insurance premiums increased by 25% to 468 million rupees in March 2007 from 375 million rupees in March 2006. The company, in which the […]
Sri Lanka raises fuel prices
May 11, 2007 (LBO) – Sri Lanka has raised fuel prices from midnight Friday with diesel going up by two rupees, petrol by one rupee and furnace oil by three rupees a litre, a Ceylon Petroleum Corporation official said.This would push 90-Octane petrol to 106 rupees and 95-Octane petrol to 109 rupees with standard auto-diesel going […]
Another One
May 11, 2007 (LBO) – Chemanex, a listed chemical firm, has postponed a shareholder meeting called to ratify a bonus issue after a new company law came into effect earlier this month, the company said Friday. The company said the Stock Exchange had informed Chemanex that a ‘bonus issue’ declared by the board of directors […]