Category:
Wireless Chase
May 04, 2007 (LBO) – The race to buy the fixed wireless operator Suntel has narrowed down to four contenders, with an Indian telecom firm expecting to conduct due diligence on the Sri Lankan operator soon. Originally seven firms were in the running to buy Suntel, a unit of Sweden’s Telia. “In the short-list there […]
Liquidity Search
May 04, 2007 (LBO) – Malaysia Telekom is looking to increase the liquidity of its Sri Lanka unit’s stock, by selling down a small part of its majority stake in Dialog Telekom, the largest mobile operator in the island. “We are constantly looking at all possible options to strengthen the performance of Dialog Telekom,” Malaysia […]
Sri Lankan veteran tight-lipped on retirement
May 3, 2007 (AFP) – Sri Lanka’s veteran opening batsman Sanath Jayasuriya was non-committal Thursday about playing in the cricket World Cup’s next edition in 2011, saying it was too early to mull the prospect.Upon his return to the island Thursday after Sri Lanka’s World Cup campaign in the Caribbean, the left-handed opener said it […]
‘s UTHR gets top human rights award
May 4, 2007 (LBO) – Two Sri Lankan nationals founders of the have University Teachers for Human Rights (UTHR) have won a top award for their work together with an activist in Burundi, the Human Rights Watch (HRW) said Friday. The 2007 Martin Ennals Award went to Rajan Hoole and Kopalasingham Sritharan, co-founders of the […]
Fresh violence kills three in Sri Lanka
May 4, 2007 (AFP) – At least three people were killed in fresh clashes between troops and Tamil Tiger rebels in northern Sri Lanka, the guerrillas said Friday.The rebel Liberation Tigers of Tamil Eelam (LTTE) said they beat back an attack by around 300 Sri Lankan army troops along their frontline in the Wanni late […]
Sri Lanka money markets open quiet, stocks delayed in a rain-washed day
May 03, 2007 (LBO) – Sri Lanka’s inter-bank markets opened quiet after a two-day religious holiday with money at 13.25 percent, but stock trading was delayed in a rain washed morning, dealers said.The spot dollar was trading around 110.70 rupees in early trading. The Colombo stock market did not open at the scheduled time of […]
Airport Curfew
COLOMBO, May 3, 2007 (AFP) – Sri Lanka’s international airport will close at night from next week following a spate of bombing raids by Tamil Tiger aircraft taking the cover of darkness, a top aviation official told AFP. The Bandaranaike International Airport would close for six hours nightly from May 10, acting director general of […]
Sri Lanka tea export earnings boosted by high prices
MAY 3, 2007 (LBO) – Sri Lankan tea exports fell in the first quarter of 2007 but earnings were up because of high prices caused by supply shortages owing to a strike and dry weather, brokers said. Shipments of Ceylon tea in January-March 2007 fell 4% to 74.4 million kg from the record 77.8 million kg […]
Flat Chat
May 3, 2007 (LBO) – Sri Lanka’s top celco Dialog Telekom revenue grew 26 percent but consolidated profits remained flat in the March quarter as newly acquired subsidiaries dragged its bottom-line down. Group profit after tax for the three months ended March 2007, was 2,426 million rupees against 2,397 million rupees last year, up one […]
Jayawardena says they lost to a better team
May 3, 2007 (AFP) – Sri Lanka’s skipper Mahela Jayawardene returned home expressing disappointment over his team’s failure to secure the cricket World Cup, but said they lost to a better Australian team. Cricket fans lined up along the team’s route from the international airport despite heavy rains which lashed the city, after the World […]
‘s World Cup stars return
May 3, 2007 (AFP) – Sri Lanka’s World Cup cricketers returned to an elaborate welcome Thursday after being stranded in London following Tamil Tiger rebel air raids in Colombo, officials said on Tuesday.The team was received at the VIP lounge of the Bandaranaike International airport where Buddhist monks, Hindu and Catholic priests and Muslim clerics […]
Sri Lankan media censored, rights group says
COLOMBO, May 3, 2007 (AFP) – A worsening climate of violence against the press in Sri Lanka has resulted in de facto censorship, the island’s main media rights group said Thursday as it marked international press freedom day.With seven journalists murdered over the past year and two more still missing, the Free Media Movement (FMM) […]