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‘s Sangakkara ton frustrates Pakistan in drawn Test
July 24, 2009 (AFP) – Kumar Sangakkara hit an unbeaten century to steer Sri Lanka to a draw in the final Test against Pakistan here on Friday and win his first series as captain.The left-hander made 130 not out as Sri Lanka, faced with a world record target of 492, defied the Pakistani bowlers to […]
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GENEVA, July 23, 2009 (AFP) – Fifty-nine journalists have been killed around the world so far this year, in an alarming rise from 2008 that has become a “bloodbath” of the media, a watchdog said Thursday. Abdel Nabi said the UN Human Rights Council was “impotent” in protecting journalists. The PEC expressed concern about election […]
‘s aging population presents risks, opportunities
July 23, 2009 (LBO) – Sri Lanka’s rapidly aging population could be a big burden in future but also provides a window of opportunity – a time of massive productive labour force and low dependents, a report said.Sri Lanka is the fastest aging country in south Asia, with the elderly population posing many challenges, according […]
Sri Lanka shares slightly weaker, Lanka Cement up
July 23, 2009 (LBO) – Sri Lankan shares ended slightly weaker Thursday with a cement firm in which foreign multinationals are interested being actively traded, along with a property company, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index fell 0.19 […]
Skills Gap
July 23, 2009 (LBO) – Sri Lanka faces a shortage of skilled people in the logistics industry with traditional preferences for other occupations deterring youth from making the sector a career choice, an official said. “There’s a serious shortage of skilled people in the logistics industry,” said Rohan Masakorala, director of the Academy of International […]
Sri Lanka June tea crop down 14 pct
July 23, 2009 (LBO) – Sri Lanka’s tea production in June 2009 fell 14 percent to 23.6 million kilos compared with the same month in 2008 mainly because of sharp falls in teas grown in high and medium elevations, brokers said. In the six months to June 2009, the crop was down 23.8 percent to […]
India plans to welcome foreign universities: report
NEW DELHI, July 23, 2009 (AFP) – The world’s leading universities such as Harvard and Yale could soon be allowed to open colleges in India under new legislation proposed by the government, a report said Thursday.India has a severe shortage of higher education institutions and a booming population with more than 30 percent of its […]
‘s Bharti profits jump 24 pct, still in MTN merger talks
NEW DELHI, July 23, 2009 (AFP) – India’s top mobile company, Bharti Airtel, reported Thursday that first-quarter net profit jumped 24 percent and said it was still in merger talks with South Africa’s flagship MTN cellular group.Bharti said net profit for the three months to June 30 rose to 25.17 billion rupees (526 million dollars) […]
Pakistan eye face-saving win in final Test
July 23, 2009 (AFP) – Pakistan remained on course to win the third and final cricket Test against Sri Lanka after denting the home team’s chase of a world record target on Thursday.Sri Lanka, set an improbable 492 to sweep the series 3-0 after they had won the first two Tests, were 183-3 in their […]
Sri Lanka IMF loan slammed by rights body
July 23, 2009 (AFP) – Human rights campaigners on Thursday described a 2.5 billion dollar loan to Sri Lanka by the International Monetary Fund as “a reward for bad behavior”.Human Rights Watch said the IMF should have set conditions on the loan, including demands that the Sri Lankan government help re-settle nearly 300,000 Tamil civilians […]
Sri Lanka may get US$300mn from new ADB fund: report
July 23, 2009 (LBO) – Sri Lanka may get a 300 million US dollar loan from Asian Development Bank new facility to help stimulate slumping economies in the region, a media report said. A 30-year internal conflict ended after the military wiped out Tamil Tiger separatists in May. “Sri Lanka is in an extremely favorable […]
Sri Lanka has permitted IMF to publish bailout program: minister
July 23, 2009 (LBO) – Sri Lanka has authorized the International Monetary Fund to publish its stand by loan agreement with the island, after it is approved by the lender’s executive board Friday, international trade minister Gamini Pieris said.Under the new stand by arrangement Sri Lanka’s central bank will have access to 2.5 billion US […]