Category:
Chamber Award
June 10, 2009 (LBO) – A regional Sri Lankan business chamber has won a top global award for its work after the 2004 Indian Ocean tsunami, in a competition which had entries from 33 countries, the organization said. The member services of the Hambantota chamber, job placement and information technology had also been improved. The […]
Maldives declares whale shark sanctuaries
June 10, 2009 (LBO) – Maldives has established three protected areas for whale sharks, the world’s largest fish, the Indian Ocean atoll state which is famed for its corals and marine resources, said. The marine protected areas have been declared in and around Baa atoll Hanifaru, Baa atoll An’gafaru and South Ari atoll Maamigili, to […]
Sri Lanka to get AirAsia low fare flights
June 10, 2009 (LBO) – AirAsia said it will launch daily flights from Sri Lanka from August 15 offering promotional all-in fares as low as 4,090 rupees one way between Colombo and Kuala Lumpur. The Malaysia-based carrier, known as Asia’s largest low fare, no frills airline, said Colombo is an important destination for AirAsia to […]
Pakistan survive, South Africa squeeze past Kiwis
LONDON, June 9, 2009 (AFP) – Pakistan avoided following Australia out of the World Twenty20 on Tuesday while South Africa hammered home their position as favourites by successfully defending the format’s lowest ever total.Pakistan, the runners-up at the 2007 championship, had been defeated by England in their opening match and needed to beat the Netherlands. […]
Sri Lanka detains Canadian MP: officials
June 10, 2009 (AFP) – A Canadian MP was detained on arrival at Sri Lanka’s international airport on Wednesday and could be deported for allegedly having supported the Tamil Tiger rebels, officials said.Bob Rae, a Liberal member of parliament and outspoken critic of the Sri Lankan military’s offensive against the rebels, was stopped at Bandaranaike […]
Sri Lanka ruling party popularity could help budget: S&P
June 10, 2009 (LBO) – The electoral popularity of President Mahinda Rajapaksa could help improve Sri Lanka’s budget by reducing the clout of smaller extremist parties, Standard & Poor’s rating agency has said. “With slowing growth, sharply falling imports and much lower inflation, official revenue goals and the deficit target of 7.5 percent of GDP […]
Sri Lankan stocks hit by profit taking
June 09, 2009 (LBO) – Sri Lankan shares lost early gains and closed down on Tuesday as investors took profits on selected blue chips, brokers said. The Colombo All Share Price Index closed down 0.35 percent (15.47 points) to end at 2,185.00 while the Milanka index of liquid stocks gained 0.98 percent (24.07 points) to […]
Sri Lankan stocks close flat on profit taking
June 09, 2009 (LBO) – Sri Lankan shares lost early gains and closed down on Tuesday as investors took profits on selected blue chips, brokers said. “Retail participation was high today,” said Ganeshan. Conglomerate John Keells Holdings closed flat at 112.00 rupees. Diversified Hayleys gained 25 cents to close at 115.25, while privately held bank, […]
Sri Lanka May tourist arrivals slump
June 09, 2009 (LBO) – Tourist arrivals in to Sri Lanka slumped 20.6 percent in May 2009 to 24,739 from a year ago as a global travel slowdown and fierce fighting that ended the Tamil Tiger insurgency deterred visitors. According to figures put out by Sri Lanka’s tourism office, arrivals from south Asia, the main […]
Sri Lanka extends anti-terror laws despite defeat of Tigers
June 9, 2009 (AFP) – Sri Lanka’s government on Tuesday extended tough anti-terror laws, arguing that remnants of the defeated Tamil Tiger rebels could still try to stage a comeback.Prime Minister Ratnasiri Wickremanayake told parliament that the government wanted to extend the state of emergency by a month despite last month’s defeat of the Liberation […]
‘s Sangakkara eyes bigger wins after taming Aussies
NOTTINGHAM, June 9, 2009 (AFP) – Kumar Sangakkara celebrated his first stint as Sri Lanka’s captain by dumping mighty Australia from the World Twenty20, then warned rivals he was hungry for more scalps.“I can’t ask for more, but this is just the start. We want to continue in the same vein,” he said after the […]
Sri Lanka activist targets 40 privatizations
June 9, 2009 (LBO) – A left-oriented politician who has successfully returned a large insurer back into state hands through court action says there about 40 other privatizations that need to be re-examined. Sri Lanka’s Supreme Court, in reversing the deal said it was illegal as proper procedure had not been followed and the transaction […]