Category:
Sailing Free
CAIRO, June 17, 2011 (AFP) – An Egyptian boat seized with its 22-member crew by pirates off the coast of Somalia in August 2010 has been freed, an Egyptian foreign ministry official said on Friday. Abdel Hakam did not elaborate or give details on the health of the crew — 11 Egyptians, six Indians, four […]
Stranded
MUMBAI, June 17, 2011 (AFP) – Efforts to refloat a stranded cargo ship that ran aground off one of Mumbai’s most popular beaches last weekend failed on Friday, officials said. The MV Wisdom has been stranded at Juhu beach since last Saturday after it slipped its moorings to a tug that was towing it to […]
Sri Lanka Aitken Spence plans eastern resort
June 18, 2011 (LBO) – Sri Lanka’s Aitken Spence group, which runs resorts in Maldives, India and Oman is in talks with two international chains to find a joint venture partner to build a 100 million dollar leisure complex in the island’s east coast, an official said. The complex will be made up of two […]
Rule Making
June 18, 2011 (LBO) – Sri Lanka’s securities regulator has finalized rules to allow exchange traded funds (ETFs) with Indian help, and the final document is expected to be given legal effect within two months, an official said. “Within the next two months, regulations to enable ETFs to be traded in the Colombo Stock Exchange […]
Network Opportunity
June 18, 2011 (LBO) – Sri Lanka’s bourse could become one of the partners of London Stock Exchange’s ‘international board’ project where foreign stock exchanges are allowed access to its market participants and liquidity, an official said. Weerasinghe said the international board will give a less costly way for participants in the London Stock Exchange […]
Three baby elephants killed by Sri Lankan train
June 18, 2011 (AFP) – Three baby elephants were killed when they were hit by a passenger train in Sri Lanka on Saturday, an official said. The trio were crossing the tracks in a forested area near Ambanpola, 93 miles (150 kilometres) north of Colombo, when they were struck by a passenger train bound for […]
Tremlett rips through Sri Lanka batting order
SOUTHAMPTON, June 17, 2011 (AFP) – Chris Tremlett marked his return to the Rose Bowl with a Test-best haul to leave Sri Lanka on 177 for nine when rain forced an early close to the second day of the third and final Test here on Friday. Fast bowler Tremlett took six for 42 in 18.2 […]
Sri Lanka stocks rebound
June 17, 2011 (LBO) – Sri Lankan stocks rebounded slightly Friday after five straight days of falls with heavy trading in Blue Diamonds Jewellery Worldwide and its new shareholder eChannelling, brokers said. The main All Share Price Index closed at 7,050.03, up 0.49 percent (34.32 points) while the more liquid Milanka index rose 0. 48 […]
Aging Fleet
June 17, 2011 (LBO) – Sri Lanka’s government plans to arrange low-cost leases for private operators to help them replace aging fleets of buses with new ones, private transport services minister C B Ratnayake said. A large number of buses plying on the island’s roads were 15-20 years old and should be removed, he told […]
Ship Safety
June 17, 2011 (LBO) – Japan’s ClassNK, the world’s largest ship classification society in gross tonnage terms, has opened an office in Sri Lanka as shipping traffic grows at Colombo port. The 111-year-old ClassNK has some 7,347 ships over 180 million gross tonnes or about 20 percent of the world’s commercial fleet on its registry […]
Express Bus
June 17, 2011 (LBO) – Sri Lanka’s government has invited private bus operators to start services on the island’s first expressway set to open by end-July with a terminal to connect other routes planned close to the capital. Private transport services minister C B Ratnayake said the government expects to have 10 air-conditioned luxury buses […]
Travel Cost
June 17, 2011 (LBO) – Sri Lanka’s government is to allow private bus operators to raise fares, private transport services minister C B Ratnayake said. Government authorities were making preparations for the fare hike, he told a forum on transport, without saying by how much fares would rise. “We are preparing a revision of bus […]