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Sri Lanka finds bodies of five victims killed execution-style
March 3, 2007 (AFP) – The bodies of five men shot in the head with their hands tied together and blindfolded were found Saturday by Sri Lankan police, who called the deaths an apparent “execution-style killing”. The grisly find in a marsh at Kandana, 15 kilometres (10 miles) north of the capital, was made after […]
Sri Lanka steps up security for diplomats after attack
March 3, 2007 (AFP) – Sri Lanka is stepping up security for diplomats following a Tamil rebel attack against a helicopter in which envoys were travelling, the foreign ministry said Saturday. The ambassadors of Italy and the United States and a UN coordinator were among more than a dozen people wounded in a shell attack […]
Ceo Forum
March 02 (LBO) – A company™s consciousness is made up of the collective consciousness of the workers that will help a company be productive and succeed, a top Sri Lankan corporate leader said. “Vision means seeing the integral mental picture in front of you. The edifice is the shell. It is empty without the consciousness,” […]
Arabian Flight
March 02 (LBO) – SriLankan Airlines will carry passengers twice weekly to Jeddah through a code-share deal with Saudi Arabian, Arabian Airlines, the company said Thursday.The Tuesday and Thursday flights will start on March 27, making Jeddah the 51st destination Sri Lankan carries passengers to. Jeddah is SriLankan Airlines™ third destination in Saudi Arabia and […]
Warne says Kiwis, Sri Lanka main threats
SYDNEY, March 2, 2007 (AFP) – Shane Warne Friday rated New Zealand and Sri Lanka as Australia’s biggest threats at this month’s World Cup but gave recently-crowned world number one South Africa no chance of claiming the title.Warne said he expected Australia to overcome their recent slump of five straight one-day international losses to win […]
‘s not just cricket
NEW DELHI, March 2, 2007 (AFP) – Where there’s cricket, there’s controversy and at the 2003 World Cup the phrase “It’s not cricket” vied for attention with on-field contests. The tournament, jointly hosted by South Africa, Zimbabwe and Kenya, was not only the biggest in the history but also had more than its fair share […]
Indonesia would send Sri Lankans home
JAKARTA, March 2, 2007 (AFP) – Indonesia said Friday that dozens of asylum seekers from Sri Lanka would be sent home and not allowed to stay if Australia decides to send the group back its way.Australia picked up 85 boat people last month after they passed through Indonesia and are holding them on Christmas Island […]
Sri Lanka war planes bomb suspected Tiger camp
COLOMBO, March 2, 2007 (AFP) – Sri Lankan war planes bombed a suspected Tiger rebel camp in the northeast on Friday as part of an increased offensive against the guerrillas, a defence official said.“Using MIG 27 jet planes, the air force took Tiger targets in the Thoppigala jungles,” military spokesman Brigadier Prasad Samarasinghe told AFP, […]
China Port
March, 02 (LBO) – The Chinese government would finance up to 85 percent of a planned 420 million dollar a port in Sri Lanka’s southern Hambanthota district, the government’s information office said. “Following the bilateral discussions with the Chinese Government with President Rajapaksa, the Chinese President and Prime Minister have promised to hasten the aid,” […]
Sri Lanka sovereign rating weighed down by weak budgets, war, public employment
March 02 (LBO) – Sri Lanka’s weak public finances which leave little room for the country to counter shocks and an ongoing war are weighing heavily on its credit rating, Fitch Ratings said.Sri Lanka has a BB- sovereign rating with the outlook downgraded to negative in April 2006 after the conflict intensified, which is now […]
Head Hunted
March 01 (LBO) – Former head of Fitch Ratings Lanka, and head of Amba Research in Sri Lanka Ravi Abeysuriya, joined as commission member of the country’s securities watchdog on Thursday. The appointment as member of the Securities and Exchange Commission was made by President Mahinda Rajapakse, the SEC said in a statement. Abeysuriya is […]
Sampath Exits
March 01 (LBO) – Sampath Bank has sold its 15 percent stake in Asian Alliance Insurance one of Sri Lanka’s newer insurance firms, an official said. The tranche was sold for 20.50 a share Thursday for 76.8 million rupees. A firm connected to high net worth investor Dhammika Perera is believed to have taken the […]