Category: Industry
Zoo Blast
Feb 03, 2008 (LBO) – An explosion inside a zoological garden in a southern suburb of the Sri Lanka capital Colombo has injured four, the military said, a day after a bus bombing killed 20 civilians in the central province of the island. Sri Lanka pulled out of a ceasefire with the Tamil Tigers, who […]
Railway Blast
Feb 03, 2008 (LBO) – A blast ripped through Sri Lanka’s main railway station in the capital Colombo, the military said, within hours of an explosion in the main zoo which injured seven. For the latest on this story go to www.lbo.lk front page or click here for updates . . The security media centre […]
Sunday Bombings
Feb 03, 2008 (LBO) – An explosion at the main railway station in Sri Lanka’s capital Colombo has killed five people and injured more than 80 police said, hours after a grenade inside a zoo injured seven. The security media centre of the defence ministry said the explosion occurred at 2.05 pm. Military spokesman Brigadier […]
Sobering Thoughts
Feb 03, 2008 (LBO) – Sri Lanka’s independent English weeklies have slammed decades of mismanagement as a war-ravaged island wracked by inflation and corruption prepares to mark 60 years of freedom from British rule on February 04.“What we are now confronted with is a nation in peril, at the mercy of foreign aid donors dictating […]
Sri Lanka Cricket says South Africa pull-out helped push it in to red
Feb 2, 2008 (AFP) – South Africa’s decision to quit a triangular one-day series in 2006 caused Sri Lanka’s hard-up cricketing body to lose 11 million dollars, a top official said here Saturday.Ranatunga said SLC was currently surviving on a six-million dollar bank overdraft, but India’s Test and one-day tour of Sri Lanka in July-August […]
Bus Blast
Feb 02, 2008 (LBO) — An explosion at a bus station in north-central Sri Lanka Saturday killed at least 13 people and wounded 20, police said. The Tigers have been blamed for blasting a bus in southern Sri Lanka on the same day that the ceasefire expired. A spate of farmer killings in the southern […]
Sri Lanka thrashed by Tasmania in one-dayer
HOBART, Australia, Feb 2, 2008 (AFP) – Opener Sanath Jayasuriya was hit in the jaw as Sri Lanka slumped to a disappointing defeat here Saturday in their final warm-up match before the triangular series against India and Australia.The Sri Lankans beat the Prime Minister’s XI comfortably on Wednesday in Canberra, but Tasmania thrashed them by […]
Refined Product
Feb 01, 2008 (LBO) – Two UAE petroleum firms have won Sri Lankan government approval to build the island’s second refinery with an investment of 1.2 billion dollars, a senior minister said. . Trans Asia Gas International LLC and Star Petro Energy LLC of the UAE plan to build a 100,000 barrels-per-day refinery in the […]
Offshore Wealth
Feb 01, 2008 (LBO) – An oil exploration block nearest to India off Sri Lanka’s northwestern coast has become hot property with three petroleum firms chasing after it, the petroleum ministry said. The southernmost block of the three offered by Sri Lanka in the Mannar Basin, stretching from the coast to the maritime boundary with […]
Sri Lanka cricket runs out of cash, looks for Indian loan: Ranatunga
Feb 1, 2008 (AFP) – Sri Lanka’s new cricket chief and former captain Arjuna Ranatunga has revealed his board has no money left and is banking on financial support from India to stay afloat.Ten Sports’ 50-million dollar deal ends in 2009 and there were allegations that the previous administration had extended it till 2012 without […]
Sri Lanka and India in talks over Weerawila airport
Feb 01, 2008 (LBO) – India’s Cochin airport said a delegation had met Sri Lanka’s president Mahinda Rajapakse and visited a site in the island’s south where it is interested in developing a new airport. Cochin International Airport Limited (CIAL) said it had met aviation minister Chamal Rajapakse who is the president’s brother, central bank […]
‘s Assurance
Feb 01, 2008 (LBO) – Janashakthi Insurance has tied up with India’s ICICI Bank to launch bancassurance services in Sri Lanka but says high capital requirements and regulations in India constrain access to the competitive market on the sub-continent. Janashakthi Insurance Company Thursday signed a bancassurance agreement with ICICI Bank to promote insurance to banking […]