Category:
Sri Lanka says destroyed Tiger boats
COLOMBO, March 20, 2007 (AFP) – Government troops destroyed four boats believed to be carrying Tamil Tiger guerrillas in northern Sri Lanka, the defence ministry said Tuesday, as one civilian was shot dead in other violence.Troops attacked four suspected Liberation Tigers of Tamil Eelam (LTTE) boats off the Jaffna peninsula around midnight Monday, the ministry […]
Port Dollars
March 20, 2007 (LBO) – The Asian Development Bank has approved a 300 million dollar loan to expand the Colombo Port, the regional lender said Tuesday. The funds will come from its ‘ordinary capital resources’ window at a rate based on the London Interbank offered rate, the bank said. The loan will have a 25-year […]
Rating Rap
March 19, (LBO) – A lease-backed securities issue of Senkadagala Finance had its A (lka) national rating affirmed Monday, but Fitch Ratings said minimum credit enhancement levels have been breached at several points. Monthly prepayments have hovered between 0 and 3.6 percent of the outstanding pool principal, while a 15.9 percent of the initial pool […]
Aspiration Gap
March 19, 2007 (LBO) – Lining up for ˜good™ jobs coupled with limited access to quality education and training have upped levels of unemployment among Sri Lanka™s youth, a new World Bank study shows. The study shows that youth with GCE Ordinary Level and GCE Advanced Level education are the most unemployed, compared to other […]
Triple Play
March 19 (LBO) – Gloom over the spectacular telecom busts in the last decade has given way to a new round of optimism worldwide and the new mantra for the telecom industry is convergence. That optimism is driving change in Sri Lanka’s largest fixed line telecom firm, Sri Lanka Telecom (SLT). However a network overhaul […]
‘s death
March 19, 2007 (AFP) – Sri Lanka’s top cricket officials Monday put aside their differences and united in paying tribute to Bob Woolmer, the Pakistani national coach who died suddenly in Jamaica Jayantha Dharmadasa, president of the Sri Lanka Cricket Interim Committee, said Woolmer’s death was a big loss to the cricketing world. “I have […]
Grieving Pakistan captain quits one-day game
KINGSTON, Jamaica, March 18, 2007 (AFP) – Pakistan captain Inzamam-ul-Haq on Sunday announced his retirement from one-day cricket after his team’s humiliating exit from the World Cup and the death of coach Bob Woolmer. He also said he would give up the captaincy after playing his last one-dayer against Zimbabwe on Wednesday, a match he […]
‘s home attacked after Indian loss
RANCHI, India, March 19, 2007 (AFP) – Furious Indian cricket fans stormed the home of national wicketkeeper Mahendra Singh Dhoni Sunday to protest a five-wicket rout by Bangladesh in their opening World Cup match, police said. They tore down walls and pillars of Dhoni’s house, which is under construction, in the eastern city of Ranchi […]
Air attacks, land battles in Sri Lanka after ship sinkings
Air attacks, land battles in Sri Lanka after ship sinkings ATTENTION – ADDS sabotage of electricity, new mine attack, air strikes /// March 19, 2007 (AFP) – Sri Lankan troops and Tamil Tiger rebels have fought fierce land battles after government forces said they sank two ships smuggling weapons for the guerrillas, the defence ministry […]
Its Official
March 19, 2007 (LBO) – John Keells Holdings (JKH) said Monday it was officially informed by the government that a letter of intent (LOI) would be issued on a private public partnership to reclaim land around the Colombo port. JKH shares closed up 2.25 at 148 rupees on Monday. “We have received notification today that […]
Phone Cover
March 18, 2007 (LBO) – From fashion accessory to personal organizer to entertainment provider, mobile phones have become every persons must-have, turning mobile dependant Sri Lankans into a big business for insurers. Mobile phones have the looks for those who want it or increasingly better technology at cheaper prices to suit the most selective customer. […]
Bangladesh send India crashing in upset 5-wicket win
PORT OF SPAIN, Trinidad, March 17, 2007 (AFP) – Teenager Tamim Iqbal and Mashrafe Mortaza turned giant-killers to script Bangladesh’s upset five-wicket victory over India in their opening World Cup match here on Saturday.Both the teams observed a minute’s silence before the match in memory of Bangladeshi cricketer Manjural Islam, who died in a road […]