Category:
Sri Lankan stocks fall as investors take profits
June 22, 2009 (LBO) – Sri Lankan shares closed down Monday due to profit taking by retail investors, interrupting the previous week’s bull-run and while John Keells Holdings (JKH) continued to be actively traded, brokers said. The benchmark Colombo All Share Price Index closed down 0.39 percent (9.66 points) to end at 2,447.20 while the […]
Dispute Resolution
June 22, 2009 (LBO) – Sri Lanka is hosting an international conference on arbitration with the Singapore International Arbitration centre on June 27, the island’s Association of Corporate Lawyers (ACL) said. Held under the theme of ‘Transnational Perspectives on Arbitration’, the conference is targeted at arbitrators, in-house counsel, litigators, legal officers, government officials, banks and […]
‘s external trade contracts in April
June 22, 2009 (LBO) – Sri Lanka exports fell 28.2 percent in April to 437.6 million US dollars from a year ago, imports fell 53.2 percent to 604.3 million dollars, shrinking the trade deficit 75.9 percent to 166.7 million dollars, the Central Bank said. In the 4-months to April, exports were down 16.2 percent to […]
Tests still pinnacle, says Sri Lanka skipper Sangakkara
LONDON, June 22, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara put aside the hype over Twenty20 on Monday and declared that Test cricket remains the pinnacle of the sport. “I think Twenty20 should enhance Test cricket; Tests should have prime importance,” said Sangakkara after his team lost by eight wickets to Pakistan in the […]
‘s Dilshan named player of World Twenty20
LONDON, June 21, 2009 (AFP) – Sri Lanka batsman Tillakaratne Dilshan was on Sunday named as the player of the tournament at the World Twenty20 despite being dismissed for nought in the eight-wicket final defeat to Pakistan. Opening the innings throughout the tournament, Dilshan scored a total of 317 runs at a strike-rate of 144.74 […]
Fired-up Pakistan lift World T20 title
LONDON, June 21, 2009 (AFP) – Pakistan won their first major title in 17 years when they stunned Sri Lanka by eight wickets in the World Twenty20 final at a sell-out Lord’s here on Sunday. Seamer Abdur Razzaq claimed three wickets as Pakistan bowled and fielded aggressively to restrict Sri Lanka to 138-6, then coasted […]
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 […]