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Sri Lanka Test evenly poised
GALLE, August 2, 2008 (AFP) – Harbhajan Singh bagged six wickets to help India gain a 37-run lead on the third day of the evenly poised second Test against Sri Lanka here on Saturday.The off-spinner finished with 6-102 as the hosts were all out for 292 in their first innings on the stroke of lunch […]
Sri Lanka stocks extend gains, choppy trading seen ahead
Aug 01, 2008 (LBO) – Sri Lankan stocks closed higher Friday ending the week in positive territory with heavy trading seen in John Keells Holdings, Associated Motorways and Vallibel Power Erathna.Activity could pick up with listed firms reporting quarterly results but brokers said trading was likely to remain volatile and the market could dip on […]
Express Deal
Aug 01, 2008 (2008) – The Sri Lankan government plans to award a Chinese firm the contract to build a long-delayed expressway linking the capital Colombo with the island’s sole international airport north of the city. Government officials said Cabinet approval is to be sought this month to grant permission to the Chinese firm to […]
Sri Lanka tea export earnings up sharply in first half
Aug 01, 2008 (LBO) – Sri Lanka’s tea export earnings hit a new high in the first half of this year compared with the same period in previous years, tea brokers said. Stock brokers said the high prices enjoyed by tea exporters were likely to boost the profits of listed plantations companies, which have drawn […]
Sri Lanka starts small with bio-fuels
Aug 01, 2008 (LBO) – Sri Lankan renewable energy experts have started experimenting with bio-fuel production as an alternative to expensive fossil fuels but are constrained by lack of funds and land for commercial production.A pilot project on bio diesel initiated in Nikaweratiya in the north western province will soon be converted to a community […]
Sri Lanka, Pakistan defence deal proposed
August 1, 2008 (AFP) – Pakistan, a key supplier of small arms to Sri Lanka, has proposed a defence pact to boost military cooperation between the two countries, Pakistani officials said Friday.Pakistan Foreign Minister Shah Mahmood Qureshi made the offer to his Sri Lankan counterpart Rohitha Bogollegama on the sidelines of a South Asian meeting […]
India plans global 3G spectrum auction
NEW DELHI, August 1, 2008 (AFP) – India said Friday it plans a global auction for the airwaves needed to offer high-speed third generation or 3G mobile phone services, a move that could rake in billions of dollars for the government.The long-awaited decision will allow foreign players the chance to enter the world’s fastest-growing mobile […]
WTO talks on sticking point continue at technical level: Lamy
GENEVA, August 1, 2008 (AFP) – Talks at a technical level are under way at the World Trade Organization on safeguard issues that ended marathon negotiations on a global trade deal this week, WTO head Pascal Lamy revealed on Friday.He told journalists it was necessary to overcome the safeguard technical issue that had caused the […]
Chavez nationalizes Bank of Venezuela
CARACAS, August 1, 2008 (AFP) – Leftist President Hugo Chavez on Thursday said he will nationalize the Bank of Venezuela, one of the country’s largest, and has asked the bank’s Spanish owners, Grupo Santander, for a meeting to set a price for the deal. “We’re going to nationalize Bank of Venezuela. I’m calling on (Grupo […]
‘t compromise on farmers
NEW DELHI, July 31, 2008 (AFP) – India said on Thursday it was willing to return to the negotiating table to work out a new global trade deal but warned it would not make any compromises that could hurt poor farmers.It also pinned the blame for the talks’ collapse earlier this week in Geneva squarely […]
Sri Lanka jolted by Harbhajan spin
GALLE, August 1, 2008 (AFP) – Harbhajan Singh bagged four quick wickets in a magnificent spell to put Sri Lanka under pressure in the second Test against India here on Friday.The off-spinner (4-71) removed well-set Kumar Sangakkara and Malinda Warnapura in successive overs before Sri Lanka struggled to reach 215-5 in their first innings at […]
Sri Lanka steady with Warnapura, Sangakkara
GALLE, August 1, 2008 (AFP) – Kumar Sangakkara and Malinda Warnapura hit impressive half-centuries to help Sri Lanka reach 126-1 in the first innings at tea in reply to India’s 329 in the second Test here on Friday.Warnapura was unbeaten on 60 and Sangakkara on 59 not out at the break to steady the innings […]