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Sri Lanka stocks edge lower, turnover picks up
Sep 25, 2015 (LBO) – Sri Lankan stocks closed lower 0.06 percent on Friday with investors concerned over domestic economic conditions, brokers said. The Colombo benchmark All Share Price Index closed down 4.03 points at 7,110.80 lower 0.06 percent. S&P SL20 closed 2.30 points lower at 3,889.52 down 0.06 percent. Turnover was 1.2 billion rupees, […]
South Asia Not Taking Full Economic Advantage of Urbanization: World Bank
Sep 25, 2015 (LBO) – South Asian countries have struggled to make the most urbanization and transform their economies to join the ranks of richer nations, a World Bank report released Thursday said. Difficulty in dealing with the pressures that increased urban populations put on infrastructure, basic services, land, housing and the environment have fostered what […]
‘ Chefs top medals list at Culinary Expo 2015
The culinary artists of SriLankan Catering showcased their creative prowess by claiming the highest number of medals at the recently held Culinary Expo 2015 exhibition.SriLankan Catering team bagged a staggering tally of 53 medals which was inclusive of 13 gold medals, 22 silver medals and 18 bronze medals.The team claimed the highest number of medals […]
New resolution is a step towards credible transitional justice process: John Kerry
Sep 25, 2015 (LBO) – United States Secretary of State, John Kerry in a statement said that the new resolution marks an important step toward a credible transitional justice process, owned by Sri Lankans and with the support and involvement of the international community.Full statement is reproduced below.Resolution on Sri Lanka at the 30th Session […]
” clause in co-sponsored resolution
Sept 25, 2015 (LBO) – Sri Lanka has escaped a “hybrid” war crimes probe as the United States has watered down its resolution and Sri Lanka is co-sponsoring the resolution, media reports said. “Sri Lanka has decided to co-sponsor a resolution on Sri Lanka in Geneva,” the Prime Minister said. The resolution now leaves the […]
Sri Lanka maritime industry needs proper policy: Minister
Sep 25, 2015 (LBO) – Sri Lanka’s Ports and Shipping Minister Arjuna Ranatunga says that the maritime industry progress has been held back due the lack of clear policy and its implementation. “I strongly believe that we can develop the maritime economy into hub status with the assistance of the stakeholders of the industry,” Ranatunga said at the […]
700 pilgrims killed in worst Haj tragedy in 25 years
Sept 25, 2015 (LBO) – More than 700 pilgrims have died in a crush outside the Muslim holy city of Mecca, with a further 800 people injured, media reports said. This is the worst disaster in 25 years to occur during the holy pilgrimage. The Saudi King Salman has said he has ordered a review […]
Sri Lanka envoys in Geneva return to their old tricks: Human Rights Watch
Sep 24, 2015 (LBO) – Sri Lanka’s envoys in Geneva have returned to their old tricks by proposing amendment after amendment to the US backed draft resolution, Human Rights Watch said. Geneva Advocacy Director of Human Rights Watch, John Fisher said China, Russia, and Cuba under the guise of ‘constructive engagement’ have endorsed Sri Lanka’s […]
Sri Lanka’s tea exports decline in August: Forbes & Walker
Sep 24, 2015 (LBO) – Sri Lanka’s tea exports and earnings fell in August 2015 from a year earlier, with exports dropping to 21.1 million kilos, a difference of 6.3 million kilos from the previous year, Forbes & Walker Tea Brokers said in a report. “Total revenue too shows a fairly substantial decline of 5.8 […]
President arrives in New York to attend UN General Assembly
Sep 24, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena arrived in New York to attend the 70th United Nations’ General Assembly sessions and to deliver a special address at the General Debate. The President is to have bilateral meetings with several leaders including Prime Minister of Malta Dr Joseph Muscat, Prime Minister of Pakistan […]