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Sri Lanka cricket captain: senior players like family
LONDON, May 27, 2014 (AFP) – Sri Lanka captain Angelo Mathews is banking on his side’s core of vastly experienced players to continue the tourists’ recovery in their one-day international series with England.Having lost a rain-affected opener at The Oval, Sri Lanka hit back in stunning style at Chester-le-Street to dismiss England for 99, with […]
‘s central bank does not want the rupee to appreciate quickly: Deputy Governor
May 28, 2014 (LBO) – Sri Lanka’s Central Bank did not want the rupee to appreciate quickly and had bought dollars heavily in the market to prevent an appreciation and help exporter profits, Deputy Governor, Ananda Silva said.Analysts say a flurry of dollar purchases in excess of inflows then pressure the exchange rate which may […]
Sri Lanka stocks close down 0.4-pct
May 27, 2014 (LBO) – Sri Lanka’s stocks closed down 0.41 percent with telco stocks losing ground despite continued low foreign participation, brokers said. Bukit Darah closed 14.00 rupees lower at 636.00 rupees and Lion Brewery Ceylon closed 17.80 rupees lower at 432.10 rupees. Asian Hotels and Properties closed 1.90 rupees lower at 70.20 rupees […]
Second Plan
May 27, 2014 (LBO) – Sri Lanka’s Central Bank, said it had given a liquidity facility to The Finance Company, and has also changed the board under a new restructuring plan. Chairman M P Jayawardena and C Rosa had said they were not available re-appointment, the statement said. The Finance was a member of Sri […]
‘s Aitken Spence March 2014 quarter profits up 12-pct
May 27, 2014 (LBO) – Profits at Sri Lanka’s Aitken Spence, which has interests in leisure, logistics and power rose 12 percent from a year earlier to 1.36 billion rupees in the March 2014 quarter helped by tourism, interim accounts show. The firm reported earnings of 3.36 rupees per share for the quarter. In the […]
School System
May 27, 2014 (LBO) – Sri Lanka has started testing mathematics e-learning programs in the country’s school system to decide whether such courses should be used throughout the country, the Asian Development Bank said. Sri Lanka has a state-run school system with a centralized curriculum, and the Asian Development Bank. Courses from Khan Academy, a […]
Shifting Focus
WELLINGTON, May 27, 2014 (AFP) – People-smugglers are looking to target New Zealand now that Australia’s tough border protection policies have effectively “closed down” that country to asylum-seeker boats, Prime Minister John Key said Tuesday.While the voyage to New Zealand from places such as Indonesia and Sri Lanka is potentially far more perilous than trying […]
Tariff Dilemma
May 27, 2014 (LBO) – Sri Lanka’s telecom companies have to share networks and invest together to cut broadband costs as higher margin voice usage gives way to cheaper data based services, head of Dialog Axiata, the island’s largest mobile firm has said.Dialog group chief executive Hans Wijayasuriya said Sri Lanka has been recognized among […]
UN rights office condemns Maldives death penalty revival
GENEVA, April 29, 2014 (AFP) – The UN human rights office on Tuesday voiced concern over moves to revive the death penalty in the Maldives, including for minors, after a six-decade freeze on capital punishment in the Indian Ocean archipelago.“We are deeply concerned about a new regulation adopted in the Maldives on implementation of the […]
Pakistan India relations take surprising warmer turn with Modi
NEW DELHI, May 26, 2014 (AFP) – India’s Prime Minister Narendra Modi was expected to hold landmark talks with his Pakistani counterpart and announce his new cabinet Tuesday as he looked to hit the ground running on his first day in office. The morning after Modi and his slimmed-down team of ministers were sworn in, […]