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Sri Lanka navy says last rebel ship sunk
Oct 7, 2007 (AFP) – Sri Lanka’s navy attacked a suspected Tamil Tiger ship in international waters, virtually destroying the sea transport capability of the guerrillas, military officials said Sunday.More than 5,400 people have been killed in a new wave of fighting since December 2005 when a Norwegian-brokered truce began to unravel. Naval vessels engaged […]
Super Road
Oct 06, 2007 (LBO) – Sri Lanka has asked a Malaysian firm to study the prospects for a highway from the Galle Face area of Colombo to the fast growing suburb of Malabe, PJI Holdings a Kuala Lampur listed firm, has said. This year the government is expected to spend around 170 million dollars on […]
Marion Jones just the latest in long list of sensational revelations
WHITE PLAINS, New York, Oct 5, 2007 (AFP) – BALCO, the San Francisco lab that peddled performance enhancing drugs to athletes, continues to rock the sports world four years after it became a byword for cheating.Marion Jones, once the golden girl of US athletics, Friday pleaded guilty to lying to a federal agent about her […]
Sri Lankan troops, Tigers swap bodies
COLOMBO, Oct 6, 2007 (AFP) – Government forces and Tamil Tiger guerrillas swapped on Saturday the bodies of combatants killed in recent fighting in northern Sri Lanka, doctors said.Government troops sent four bodies of Tamil Tiger rebels to the Liberation Tigers of Tamil Eelam (LTTE) through the International Red Cross, a doctor at the Vavuniya […]
” in Sri Lanka
Oct 6, 2007 (AFP) – Three men were shot dead in execution-style killings in Sri Lanka, police said Saturday, amid heightened international attention on the island’s deteriorating human rights record.Two blindfolded men whose hands had been tied behind their backs were found shot through the head in the northwestern Chilaw area while another body was […]
Rocketing Sri Lanka prices prompt calls for inflation targeting
Oct 06, 2007 (LBO) – The overshooting of a self-declared Central Bank 10 percent inflation target for 2007 is strengthening the case for reforming the institution and bringing legislated inflation targeting to Sri Lanka. . In January 2007 the Central Bank issued a monetary policy road map promising to debauch the internal value of the […]
Box Profits
Oct 05, 2007 (LBO) – John Keells Holdings’ (JKH) associate South Asia Gateway Terminals (SAGT) has reported record container volume growth in its Colombo port terminal but the facility is nearing capacity, port officials and analysts said. “SAGT will continue to be a cash generating operation but if JKH wants to be a growth story […]
Capital Boost
Oct 05, 2007 (LBO) – Sri Lanka’s state-owned Peoples’ Bank (PB) is on track to get a credit upgrade if its capital is boosted to regulatory requirements, Fitch Ratings Lanka has said after confirming the bank’s A- (lka) rating. The bank was in line to get a billion rupee capital injection from the state in […]
Sri Lanka leisure firm in Maldives shrugs off blast fallout
Oct 05, 2007 (LBO) – John Keells Holdings (JKH), Sri Lanka’s top leisure group which is buying up a rival chain in the island, says its Maldives units are not affected by a recent bombing and is going ahead with re-branding its atoll resorts. The group’s leisure division has just concluded a deal offering to […]
Tourist arrivals to Sri Lanka slip 15 percent in August
Oct 05, 2007 (LBO) – Foreign visitors to Sri Lanka slipped 15.5 percent in August while total number of arrivals from January to August this year decreased 22.6 percent, the islands tourist promotion office said. Compared to last August, the arrivals slumped to 44,742 while total arrivals from January to August were down to 313,675 […]
Bell Profits
Oct 05, 2007 (LBO) – Fixed line telecom operator Lanka Bell posted a 70.1 percent growth in after tax profits for the year ended in March but predicts new fibre optic and WiMax projects will reduce future returns on investment. Lanka Bell, a Harry Jayawardene controlled company, said its turnover soared 70.2 percent to 6.32 […]
Dilshan dropped from Sri Lanka squad for Aussie Tests
Oct 5, 2007 (AFP) – Sri Lankan selectors Friday dropped seasoned middle-order batsman Tillakaratne Dilshan from their 16-man squad for the two-Test tour of Australia starting later this month.The 30-year-old, who has been struggling with his Test form in the last two years, was replaced by Thilan Samaraweera. Dilshan, has however been kept on standby […]