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Sri Lanka desperate to add Twenty20 to collection
April 25, 2010 (AFP) – Sri Lanka, world champions in the 50-over format in 1996, are desperate to add the Twenty20 title to their collection in the Caribbean after a series of near-misses. Captain Kumar Sangakkara’s men lost the World T20 championship by eight wickets to Pakistan at Lords last year. Two years earlier, the […]
Sri Lanka considers ending emergency laws
April 25, 2010 (AFP) – Sri Lanka may scrap the state of emergency laws that gave sweeping powers to police and troops during the island’s long ethnic conflict with Tamil rebels, a newly appointed minister said Sunday. Peiris, who was appointed on Friday after recent parliamentary elections, said he wanted to address concerns from the […]
Sri Lanka in attempt to better manage smaller state firms
Apr 24, 2010 (LBO) – A new ministry has been created with about 20 mostly loss making state enterprises, in a bid to make them more profitable and less of a burden on the people, officials said. Published data on state enterprises are not easily available. According to data in a report issued by the […]
Sri Lanka to expand first post-war cabinet
April 24, 2010 (AFP) – Sri Lanka’s president will expand his new cabinet by five ministers but the government will still have far fewer members than the previous one, an official source said Saturday. President Mahinda Rajapakse, whose ruling United People’s Freedom Alliance took victory in this month’s parliamentary election, will bring in five more […]
Sri Lanka shares end up 1.08-pct
Apr 23, 2010 (LBO) – Sri Lankan stocks climbed further Friday with hotels remaining a favourtie among investors anticipating higher company earnings with an economic recovery after the end of a war and global recession, brokers said. The All Share Price Index closed at 4,121. 64, up 1.08 percent (44.09 points) while the more liquid […]
Sri Lanka Lighthouse Hotel March net up 100-pct
Apr 23, 2010 (LBO) – Lighthouse Hotel, a unit of Sri Lanka’s Jetwing leisure group said profits rose 102 percent in the March quarter to 32.2 million rupees amid a pick up in tourism, interim accounts showed. Revenues rose 34 percent to 110. 3 million rupees in the quarter. Sri Lanka’s peak tourism season is […]
Sri Lanka dairy business prospects seen improving
Apr 23, 2010 (LBO) – Sri Lanka’s dairy sector is improving with strong competition among processors expanding demand for milk and helping farmers, the US Agency for International Development said. USAID has boosted the sector by partnering with a private company to increase milk production, it said in a statement. A USAID study showed that […]
” deported by Malaysia
KUALA LUMPUR, April 23, 2010 (AFP) – Malaysia said it has arrested and deported several leaders of the Sri Lankan separatist Tamil Tiger rebels over the past few months to prevent them setting up a hub in the country. Home Minister Hishammuddin Hussein said in a statement late Thursday he had informed Sri Lanka of […]
Sri Lanka exporters face higher air freight costs
Apr 23, 2010 (LBO) – Sri Lankan exporters face higher transport costs with the flight disruptions caused by volcanic ash over Europe sending air freight rates shooting up and causing a space crunch, officials said. Tony de Livera, chairman of the Sri Lanka Freight Forwarders Association, said the flight disruptions have disrupted local businesses relying […]
Sri Lanka to face New Zealand in United States
WELLINGTON, April 23, 2010 (AFP) – New Zealand will play a three-match Twenty20 series against Sri Lanka in the United States next month, officials said Friday. The matches in Florida will launch a new strategic partnership between cricket authorities in New Zealand and the United States, New Zealand Cricket chief executive Justin Vaughan said. “This […]
Sri Lanka president retains finance, cuts size of new cabinet
Apr 23, 2010 (LBO) – Sri Lankan president Mahinda Rajapaksa retained the finance and defence portfolios in a new cabinet appointed after parliamentary polls and added the ministries of ports, aviation and highways seen as critical in a post-war revival. A government statement said the cabinet consists of 37 ministers and 39 deputies, much smaller […]
Sri Lanka to present interim budget
Apr 23, 2010 (LBO) – Sri Lanka’s government is to present a ‘vote on account’ instead of a formal budget for the three-month May to July period and a ‘mini-budget’ thereafter to cover spending till year’s end, a spokesman said. This was because of presidential and parliamentary polls called ahead of schedule, both of which […]