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Sri Lanka captain rues loss of crucial wickets
February 27, 2011 (AFP) – Sri Lankan skipper Kumar Sangakkara said the loss of Mahela Jayawardene and opener Tillakaratne Dilshan at a crucial stage of the match against Pakistan was a key factor in his team’s defeat. Pakistan held their nerve to record a narrow 11-run win over the fancied home team in Colombo, leaving […]
Pakistan win over Sri Lanka send out warning with Cup win
February 26, 2011 (AFP) – Pakistan beat a powerful Sri Lankan side on Saturday for their second World Cup win, sending out an ominous statement of intent to their rivals as Bangalore geared up for the India-England showdown. A sell-out crowd of 35,000 packed the R. Premadasa stadium in Colombo to witness the much-anticipated Group […]
Tipping Point
Feb 26, 2011 (LBO) – The global seafarers union has warned it would advise members against sailing in the Indian Ocean to avoid Somali pirates and mocked as “ludicrous” naval action that confiscate guns and set pirates free to strike again. The Somali piracy crisis comes at a time when the global merchant marine faces […]
Migrant Plight
Feb 26, 2011 (LBO) – The International Labour Organisation has urged Libya to protect the rights of migrant workers caught up in the current conflict and ensure their basic right to freedom of association. Libyan leaders must put an immediate stop to the massive killings, large-scale violence and generalized repression unleashed against peaceful demonstrations of […]
Sri Lanka among Asian countries struggling with capital inflows: IMF official
Feb 26, 2011 (LBO) – Sri Lanka is among Asian nations struggling with capital inflows driven by excessive money printed in advanced nations, raising the risks of high inflation and asset booms, a senior International Monetary Fund official said. “Sri Lanka is one country that has faced a surge in capital flows,” IMF deputy managing […]
Sri Lanka shares close 1.69-pct higher
Feb 25, 2011(LBO) – Sri Lankan stocks closed 1.69 percent higher Friday with gains in the investment trust and oil palm stocks, brokers said. The All Share Price Index closed at 7,711. 62, up 1.69 percent (128.20 points) while the Milanka Price Index of more liquid stocks closed at 7,169. 35, down 0.09 percent (6.71 […]
Sri Lanka wild life park lures Shangri-La
Feb 25, 2011 (LBO) – Hong Kong based Shangri-La hotels has looked at two sites including one close to a well-known wild life reserve in southern Sri Lanka to site its second proposed hotel, an official said. Deputy minister for economic development Lakshman Yapa Abeywardene said visiting Shangri-La officials had examined a site close to […]
Sri Lanka tea quality season hit by bad weather
Feb 25, 2011 (LBO) – Bad weather has disrupted the Sri Lankan tea industry’s ‘Western quality season’ when teas grown on the western slopes of the island’s central massif yield their best quality and fetch high prices, brokers said. The season, which is in the first quarter of the year “has been badly disrupted due […]
‘ Donuts takes the plunge in India
NEW DELHI, February 24, 2011 (AFP) – US-based Dunkin’ Donuts, one of the world’s largest coffee and baked goods chains, is set to enter India after striking a franchise deal, the company’s Indian partner said Thursday. The announcement came barely a month after US rival Starbucks unveiled a similar partnership with the giant Indian conglomerate […]
Sri Lanka rejects EU trade deal: European lawmaker
Feb 25, 2011 (LBO) – Sri Lanka has told the European Union it does not want to renew a trade deal that was withdrawn over EU concerns about human rights abuses in the island’s ethnic war, a visiting EU lawmaker said. Jean Lambert, member of the European Parliament, said talks with Sri Lankan government officials […]
Sri Lanka joins chorus against Fed QE2
Feb 25, 2011 (LBO) – Sri Lanka joined the chorus of developing nations voicing concerns about the negative effects of Federal Reserve’s latest money printing exercise known as ‘quantity easing’ at an Asian monetary forum newly backed by China. Ultra loose US monetary policy has flooded developing countries that are pegged to the US dollar […]
Sri Lanka shares close 0.4-pct higher
Feb 24, 2011(LBO) – Sri Lankan stocks closed 0.46 percent up with retail investor interest seen in Piramal Glass Ceylon and oil palm firms, brokers said. The All Share Price Index closed at 7,583.42, up 0.46 percent (34.56 points) while the Milanka Price Index of more liquid stocks closed at 7,176.06, down 0.07 percent (05.07 […]