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Sri Lanka rebel lawmakers woo Marxists
June 25, 2007 (LBO) – Sri Lanka ruling party two-man rebel faction led by sacked former foreign minister Mangala Samaraweera has invited the Marxist-nationalist Janatha Vimukthi Peramuna (JVP) for talks. The duo has accused the government of corruption, nepotism and autocratic rule and claimed the ruling Sri Lanka Freedom Party has no internal democracy. In […]
Sri Lanka central bank says overnight rate volatility and inflation would moderate
June 25, 2007 (LBO) – Sri Lanka’s reserve money targeting regime is showing results and volatility in overnight rates and inflation will moderate, Central Bank said Monday, days after short-term treasury yields went up by 30 basis points. The bank no longer operates a full policy rate regime, with the discount window nominally at 12.00 […]
Sri Lanka hotel chain to tempt tourists with local flavours
June 24, 2007 (LBO) – Aitken Spence, a large Sri Lanka based hotel chain with operations in the Maldives and India, is laying out a new menu based on local cuisine and herbal spices. The company’s ‘Heritance’ chain of hotels plans to introduce a range of authentic Sri Lankan dishes within the next two months, […]
Fishermen who caught submarine cables in police net
HANOI, June 24, 2007 (AFP) – Vietnam has made two more arrests after fishermen dragged up seafloor fibre-optic cables, threatening to sever the country’s global telecommunication links, a news report said Sunday.Prime Minister Nguyen Tan Dung has warned that the cable theft “directly affects Vietnam’s socio-economic development, national security and the country’s prestige in the […]
Cheap cars allow Indians to jump off motorcycles
MUMBAI, June 24, 2007 (AFP) – Trading a motorcycle for a car in India has long been too expensive for many, but manufacturers plan to offer models at 3,000 dollars or less to attract new buyers, analysts say.The push by Nissan Renault, Tata Motors and Global Automobiles — a subsidiary of the Kolkata-based Xenitis group […]
Sri Lanka eye Rhodes, Blewett for assistant coach
June 24, 2007 (AFP) – Sri Lanka have short-listed South African Jonty Rhodes and Australia’s Greg Blewett to assist newly appointed head coach Trevor Bayliss, an official said on Sunday. The search for an assistant coach arose after former Sri Lankan fast bowler Rumesh Ratnayake turned down a Sri Lanka Cricket (SLC) offer last week, […]
Sri Lanka donor meeting in Norway unlikely to break deadlock: analysts
June 24, 2007 (AFP) – Peace broker Norway is holding a crucial meeting with Sri Lanka’s top aid donors this week in a bid to halt a new wave of bloodshed, but analysts Sunday said they see little prospect of a breakthrough.The military maintained it was unsafe for diplomats to travel to the de facto […]
Norway meet seeks to end Sri Lanka bloodshed
June 24, 2007 (AFP) – Sri Lanka’s peace broker Norway said here Sunday it will hold a meeting of the island’s key financial backers this week in a bid to stop the latest wave of bloodshed.Andreas Michaelis will represent the European Union Presidency and James Moran will represent the European Commission. The formal meeting on […]
Sri Lanka tea trade urged to uphold ethical, professional standards
June 23 (LBO) – Two top Sri Lankan tea industry figures have urged the trade to make more efforts to maintain ethical and professional standards to avoid the danger of Ceylon tea earning a bad name. “Although prices have risen in the past two months we cannot be complacent,” he said, noting that forecasts say […]
London Stock Exchange merges with Italian bourse
LONDON, June 23, 2007 (AFP) – The London Stock Exchange confirmed Saturday it was buying Milan’s Borsa Italiana for 1.6 billion euros (2.15 billion dollars) in shares, bolstering the LSE amid takeovers of European stock markets by US rivals. The industry’s globalisation has been accelerated by a move towards electronic trading platforms and away from […]
‘s Muralitharan returns to haunt Bangladesh
June 23, 2007 (AFP) – Muttiah Muralitharan resumes his quest to finish as Test cricket’s most successful bowler when Sri Lanka take on Bangladesh in a three-match series starting on Monday.The prolific off-spinner, with 674 wickets from 110 Tests, is only 35 scalps away from surpassing the world record tally of 708 wickets by retired […]
Sri Lanka – Australia cup final bunglers rapped
LONDON, June 22, 2007 (AFP) – All five officials involved in the bungled end to the World Cup final will not feature in September’s inaugural World Twenty20 tournament in South Africa, the International Cricket Council announced Friday. Australia’s victory against Sri Lanka in the showpiece match in Barbados on April 28 was overshadowed by a […]