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Sri Lanka Jayasuriya sets bowling record as Pakistan scores big win
ayasuriya on receiving end as Pakistan crush Sri Lanka by Chris Otton =(PICTURE)= ATTENTION – UPDATES at end of match /// JOHANNESBURG, Sept 17, 2007 (AFP) – Big-hitting Sanath Jayasuriya suffered a taste of his own medicine, brutalised by Pakistan’s batsman as Sri Lanka lost by 33 runs in a World Twenty20 Super Eights match […]
Panel urges UN to act on Sri Lanka killings
Sept 18, 2007 (AFP) – The Asian Human Rights Commission asked the United Nations Tuesday to intervene to end extra-judicial killings in Sri Lanka, where it said at least 50 people were killed in the last month alone.It accused the Sri Lankan government of failing to prevent a wave of killings allegedly carried out by […]
Sri Lanka trade deficit narrows in July, import growth slows
Sept 18, 2007 (LBO) – Sri Lanka’s trade deficit has narrowed in July with oil imports slowing and exports growing by 33.9 percent, the Central Bank said Tuesday. Exports had grown to 690 million US dollars in July 2007 against 516 million US dollars in July. “The persistently strong demand for apparel has continued to […]
Sri Lankan plantations firms call for more land security
Sept 17, 2007 (LBO) – Sri Lanka’s plantations companies have called for greater security of land on which they grow export crops like tea to ensure more investment in the upkeep of estates and factory modernization. To make matters worse, compensation due on such acquisitions is not forthcoming despite repeated appeals. Planters’ Association (PA) chairman […]
Money printing Zimbabwe eyes remaining foreign assets
HARARE, Sept 17, 2007 (AFP) – Planned legislation that would place the majority share of all listed firms in the hands of indigenous blacks will lead to a fall in foreign investment and worsen Zimbabwe’s economic woes, business leaders warned Monday. Members of a parliamentary committee that is currently debating the controversial Indigenisation and Economic […]
China web-user dies after three-day online binge
BEIJING, Sept 17, 2007 (AFP) – A man in southern China collapsed and died after a three-day marathon online session at a cybercafe, state media reported on Monday.The web-user, estimated to be 30 years old, suddenly collapsed in front of his computer terminal in Guangdong province, and emergency personnel were unable to revive him, the […]
Sri Lanka placed third in Twenty20 by online punters
Sept 17, 2007 (AFP) – Ricky “Punter” Ponting’s Australians are strong favourites in the online gambling world to win the ongoing Twenty20 World Championships in South Africa.Australian paceman Brett Lee, who claimed a hat-trick against Bangladesh on Sunday, remains favourite with the ball, with paddypower.com rating him at 11-1 and popular Sri Lankan paceman Lasith […]
” military action against Tigers
Sept 17, 2007 (LBO) – Sri Lanka’s top business chamber wants to create a lobby group to push for peace but at the same times has acknowledged the necessity for a limited military campaign against Tamil Tigers. Mahen Dayananda, Ceylon Chamber of Commerce chairman, said its leaders had recognized it was almost impossible to separate […]
Sri Lanka needs to crush Tamil Tigers, top official says
TRINCOMALEE, Sri Lanka, Sept 17, 2007 (AFP) – A top Sri Lankan official said Monday that Tamil Tiger rebels need to be defeated, an apparent shift in the government’s previously stated intention to negotiate.Defence Secretary Gotabhaya Rajapakse, who is the brother of the island’s president, argued that unless this were achieved, any political solution to […]
” naval success
COLOMBO, Sept 17, 2007 (AFP) – Navy chiefs in Sri Lanka organised a party Monday to welcome back teams involved in what they claim was the government’s biggest success to date against Tamil separatists. The six patrol craft and their supply ships were reported last week to have sunk three Tamil Tiger gun-running ships in […]
Sri Lanka busts US$250mn to prop up exchange rate
Sept 17, 2007 (LBO) – Sri Lanka has spent more than 200 million US dollars to prop up the rupee during the past four months in an intervention campaign analysts say helped worsen exchange and demand pressure. There are fears among some market analysts, that if the bond price is manipulated it will give opportunities […]
Medical Moves
Sept 16, 2007 (LBO) – Sri Lanka’s newest hospital firm, a part of the Hemas group, is raising capital via a private placement, with their first hospital on track to be opened next year. Hemas Holdings Ltd is one of Sri Lanka’s top conglomerates with a focus on five key sectors – FMCG, Healthcare, Transportation, […]