Category:
Sri Lanka calls for more Tests in T20 era
August 24, 2009 (AFP) – Sri Lanka’s top stars, including the world’s leading bowler Muttiah Muralitharan, want more Test matches to be played despite the growing popularity of Twenty20 cricket.The off-spinner, who has more Test (777) and one-day (511) wickets than any other bowler and will quit the five-day game at the end of 2010, […]
‘s afraid of mobile phones?
Aug 24, 2009 (LBO) – The past few weeks have been bad for mobiles and modernity. In Sri Lanka, a girl commits suicide using a school tie. In response, mobiles are banned in government schools as well as in private and international schools.(I’m still wondering who gave this authority to the telecom regulator).Students as well […]
Sri Lanka insurance firm makes loss as costs rise
Aug 23, 2009 (LBO) – Sri Lanka’s Asian Alliance Insurance Company said it made a 48-million rupee loss in the first half of 2009 as higher claims and operating and re-insurance costs erased gains from investment income. Asian Alliance said in a stock exchange filling gross written premiums for the first half 2009 went up […]
Sri Lanka offers Pakistan exclusive industrial zone: report
Aug 23, 2009 (LBO) – Sri Lanka has offered an industrial zone exclusively for Pakistan in a bid to promote inward investment from South Asian and Middle East regions, a media report said. Sayeed was quoted as saying that he will promote Pakistani firms to set up joint ventures in Sri Lanka and promote trade […]
‘s weary war refugees face monsoon misery
August 23, 2009 (AFP) – Tamil civilians who lived through the vicious final battle of Sri Lanka’s separatist war are now locked in another struggle for survival with heavy rains bringing misery to the camps they call home.Nearly 300,000 people displaced by the fighting between government troops and Tamil Tiger rebels are held in what […]
Sri Lanka eyes peace dividend after crushing Tigers
August 23, 2009 (AFP) – Conflict-torn Sri Lanka is banking on foreign cash to rebuild shattered infrastructure as the island emerges from decades of ethnic civil war, officials say.Analysts are expecting a large investment peace dividend in the country where bomb attacks and fighting dented investor confidence and kept high-spending tourists away from the tropical […]
Mobile Cover
Aug 22, 2009 (LBO) – Mobitel, a unit of fixed access carrier Sri Lanka Telecom will spend up to 30 million US dollars expanding in to former war zones in the north and the east of the country, a top official said. The network had notched up 3.1 million subscribers, Amasekera said on August 19, […]
Nepal, India agree trade deal as PM wraps up visit
NEW DELHI, August 22, 2009 (AFP) – India and Nepal agreed to a new trade treaty Saturday as Prime Minister Madhav Kumar Nepal ended a five-day official visit to the regional giant that both countries hailed as successful.Nepal, on his first official visit to the country since his appointment in May, earlier met his Indian […]
Sri Lanka thrash ailing Kiwis in first Test
GALLE, August 22, 2009 (AFP) – An illness-ravaged New Zealand were bamboozled in the face of pace and spin as Sri Lanka cruised to a 202-run victory in the first Test on Saturday to lead the two-match series. The Kiwis, set an improbable target of 413 runs, collapsed to 210 all out in their second […]
Sri Lanka monetary authority in offbeat IMF-style deal with US fund
Aug 22, 2009 (LBO) – Sri Lanka’s Central Bank has acquired 875 million US dollars from a large US fund in an offbeat deal effectively by-passing the domestic money system that boosts forex reserves without creating domestic inflationary or exchange rate pressure.But the by-pass also meant that the money is not available for Sri Lanka’s […]
Sri Lanka shares stagnant
Aug 21, 2009 (LBO) – Sri Lankan shares ended flat Friday with small investors chasing speculative stocks like Environmental Resources Investments while a few big deals of heavyweights like John Keells Holdings went through, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]
New Ship
Aug 21, 2009 (LBO) – Mercantile Shipping Company, a listed company that once had Sri Lanka’s biggest fleet, has taken delivery of the first of a pair of new buildings it ordered built by a Dutch yard.The stock exchange filing showed a gross profit of 17 million rupees in international business in the June 2009 […]