Category:
Sri Lanka says could hang former army chief
June 7, 2010 (AFP) – Sri Lanka’s top defence official has threatened to hang the country’s former army chief if he cooperates with any investigation into war crimes during the civil war that ended one year ago. Rajapakse repeated a promise by the president that the authorities would not allow any international investigation into the […]
SriLankan exit this week: Emirates boss
June 07, 2010 (LBO) – Emirates could sign the deal to sell 43. 6 percent of SriLankan, Sri Lanka’s national carrier this week, its president Tim Clarke was quoted as saying in a media report. “I was in Colombo last week to discuss the sale,” Clarke was quoted as saying by Emirates Business, a Dubai […]
Sri Lanka Hemas power to sell preference shares to cut interest bill
June 07, 2010 (LBO) – Sri Lanka’s Hemas Power, a unit of listed Hemas Holdings said it would raise 135 million rupees by selling 11. 5 percent, 5-year preference shares to settle higher cost floating rate debt at a hydro power unit. The firm said the money would be used to settle higher costs loans […]
ICC says Sri Lanka World Cup venues on track
June 7, 2010 (AFP) – Sri Lanka’s new venues for next year’s World Cup are on track but the refurbishment of an existing stadium is behind schedule, the International Cricket Council said on Monday. Sri Lanka, which is co-hosting the tournament with India and Bangladesh, is set to stage 12 matches at the Premadasa stadium […]
Sri Lanka firms struggle with rising labour costs: reports
June 06, 2010 (LBO) – A coir factory in a coconut growing northeastern district in Sri Lanka is facing labour problems and a yet another state enterprises is facing financial difficulties, media reports said. The Sunday Times newspaper said a four year old export oriented coir factory with Indian and Israeli collaboration has run into […]
Comedy Hit
June 4, 2010 (AFP) – Megastar Aamir Khan’s hit movie “3 Idiots” is set to sweep the board at the “Bollywood Oscars” in Sri Lanka this weekend, after scooping a string of awards in the technical categories. The film — a coming-of-age comedy about three struggling students at a top engineering college — has been […]
Winning Track
June 4, 2010 (AFP) – Megastar Aamir Khan’s hit movie “3 Idiots” is set to sweep the board at the “Bollywood Oscars” in Sri Lanka this weekend, after scooping a string of awards in the technical categories. The film — a coming-of-age comedy about three struggling students at a top engineering college — has been […]
Vietnam trade delegation visits Sri Lanka
June 05, 2010 (LBO) – A trade delegation from Vietnam headed by the country’s vice trade minister will visit Sri Lanka next week and also form a joint business council with the island’s Ceylon Chamber of Commerce. In the delegation would be representatives from Vietnam National Coal-Mineral Industries group, a mining, exploration mineral trading and […]
Sri Lanka told India ready for common standards to smoothen trade
June 05, 2010 (LBO) – India is ready to improve access for Sri Lankan goods and services to its markets by creating mechanisms like common standards and recognizing professional certifications, an Indian diplomat said. “Often, it is stated that the FTA did not address non-tariff barriers (NTBs) which restrict market access to India. Of course […]
Sri Lanka shut India out of Tri-nations series
HARARE, June 5, 2010 (AFP) – India were shut out of the Wednesday’s Tri-nations final here Saturday when Dinesh Chandimal led Sri Lanka to victory with just 10 balls to spare. India needed a win to stay in the tournament, which would have given them them a slender chance to play in the final on […]
Sri Lanka to allow foreigners in domestic league
June 5, 2010 (AFP) – Sri Lanka plans to welcome foreign players to compete for the first time for local teams in a revamped Twenty20 format, a top administrator said Saturday. Modelled on the glitzy Indian Premier League (IPL), the new format is also aimed at attracting overseas sponsorship, Sri Lanka’s chief cricket selector, Aravinda […]
Sri Lanka aims for investment grade rating by 2013: CB Governor
June 05, 2010 (LBO) – Sri Lanka is aiming to push its speculative sovereign rating to investment grade by 2013 by fixing government finances, keeping inflation low and growth high, Central Bank Governor Nivard Cabraal said. Sri Lanka was downgraded a notch from its original rating as the country went on a deficit spending and […]