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Sri Lanka private equity fund to be started by Singapore firm: report
June 22, 2009 (LBO) – Calamander Group, a Singapore based fund, is starting a 50 million US dollar private equity fund to invest in export commodity processing firms, a media report said. Last week Bloomberg quoted Arjuna Mahendran, HSBC Private Bank’s chief investment strategist, as saying that Sri Lanka could benefit from its proximity to […]
Sri Lanka private sector credit shrinks as government borrows
June 22, 2009 (LBO) – Sri Lanka’s private sector credit has shrunk for the fourth straight month, while government credit continues to rocket, amid falling revenues and rising expenses, the latest official data shows. In April 2009, credit to private sector from the banking system was down 3.2 percent to 1,247.8 billion rupees from December […]
Sri Lanka steps up search for Tiger remnants: report
June 21, 2009 (AFP) – Sri Lanka is pouring more troops into former rebel-held areas in the east of the island to hunt down remnants of the Tamil Tigers following their defeat in the north, a state-run weekly said Sunday.The Tigers have admitted that they lost their top leader Velupillai Prabhakaran in a final battle […]
Boeing readies Dreamliner for first flight
WASHINGTON, June 21, 2009 (AFP) – US aerospace giant Boeing is readying its 787 Dreamliner for first test flight in the coming days, banking on the new fuel-efficient plane to sail above stiff market headwinds. Boeing has built six Dreamliners that will be used in the flight-test program to assure the plane’s safety for the […]
”’ Pakistan
LONDON, June 20, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara believes Pakistan’s major asset ahead of Sunday’s World Twenty20 final is their penchant for unpredictability.“Hopefully, there’ll not be much emotion.I think we’ve got to control that part if we want to be mentally strong enough to do what we have to do tomorrow (Sunday).I […]
Pakistan resumes legal battle as World Cup talks fail
LONDON, June 20, 2009 (AFP) – Pakistan cricket chiefs said on Saturday they will restart legal proceedings against the International Cricket Council after talks over hosting World Cup matches in 2011 broke down. “The PCB sought the support of its fellow Asian co-hosts for matches to be played under the aegis of the PCB in […]
Iran lashes out at West, media over unrest
TEHRAN, June 21, 2009 (AFP) – Iran accused Britain and the United States on Sunday of meddling in its affairs, amid an international outcry over its crackdown on protests over the results of last week’s presidential election. It hammered home its message by ordering the expulsion of BBC correspondent Jon Leyne just two days after […]
Fed to keep printing despite rising commodity prices: analysts
WASHINGTON, June 21, 2009 (AFP) – A jittery bond market and economic “green shoots” notwithstanding, the Federal Reserve is likely to reaffirm a commitment to keep pumping money into the economy to battle recession, analysts say. The Federal Open Market Committee (FOMC) led by chairman Ben Bernanke is expected at a two-day meeting opening Tuesday […]
UN says two staff members arrested in Sri Lanka
June 20, 2009 (AFP) – The United Nations said on Sunday that two of its employees working among tens of thousands of war-displaced civilians had been arrested by Sri Lankan authorities.The two men, both ethnic Sri Lankan Tamils, were reported missing eight days ago and were subsequently discovered to have been taken into custody by […]
Stanford: the man who hit cricket (and banks) for six
WASHINGTON, June 19, 2009 (AFP) – Texan billionaire financier Allen Stanford has long had a love of luxury and the finer things in life, such as tropical islands, but he is also no stranger to controversy.When he unveiled his 20 million dollar winner takes all Twenty20 match between his Caribbean Superstars and England, many in […]
”’ Dilshan
LONDON, June 19, 2009 (AFP) – Sri Lanka skipper Kumar Sangakkara hailed Tillekaratne Dilshan as a “pioneer” on Friday after the opener hit an unbeaten 96 to lead his side past West Indies and into the World Twenty20 final. “To get three top order batsmen out is a great start.We have a great bowling attack, […]
Mathews, Dilshan see Sri Lanka into final
LONDON, June 19, 2009 (AFP) – Angelo Mathews’s astonishing first over treble strike and Tillekaratne Dilshan’s 96 not out helped see Sri Lanka into the World Twenty20 final with a 57-run win over the West Indies at the Oval Friday. Sri Lanka, the only unbeaten side still in the tournament, will face Pakistan – a […]