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Accounting Row
May 19, 2014 (LBO) – A legislator has renewed a call to publish audited accounts of Sri Lanka’s Employees Provident Fund and table them in the parliament amid concerns over the purchase of some fundamentally weak shares at high prices during a stock market bubble.Sri Lanka’s EPF, which represents pension contributions of private sector employees […]
‘s new right-wing govt
NEW DELHI, May 18, 2014 (AFP) – Prime minister-elect Narendra Modi summoned senior figures from his Hindu nationalist party on Sunday for talks on forming a new government that is set to steer India sharply to the right. Top BJP leaders were also meeting in Delhi with the right-wing Rashtriya Swayamsevak Sangh (RSS), the Hindu […]
SriLankan Airlines, Finnair codeshare flights take-off from June 02
May 19, 2014 (LBO) – SriLankan Airlines and Finanair will begin code share flights from June 02, with flights to Frankfurt, Paris, Rome, London, Stockholm, Oslo and Copenhagen from Helsinki. SriLankan Airlines, Head of Commercial Operations Mohamed Fazeel said the partnership will expand the carriers reach to the Scandinavian region and increase tourist arrival to […]
‘s Hathurusinghe to coach Bangladesh cricket
SYDNEY, May 19, 2014 (AFP) – Chandika Hathurusinghe will leave his post as coach of the Sydney Thunder Twenty20 team to take up the head coaching role with Bangladesh, Cricket NSW said on Monday. The 45 year-old Sri Lankan, who took charge of the Thunder last season, has been offered the chance to coach at […]
Cricket: England want more Hales heroics against Sri Lanka
LONDON, May 19, 2014 (AFP) – England will hope history repeats itself when they begin their international programme against Sri Lanka with a lone Twenty20 international at The Oval on Tuesday. One of the few highlights for England during a recent tour programme that saw them surrender the Ashes 5-0 came in March when Alex […]
” nations by UN measure: Central Bank
May 19, 2014 (LBO) – Sri Lanka was a ‘less indebted’ nation on five out of six measures used by the United Nation’s Economic and Social Commission for Asia and the Pacific to measure foreign indebtedness, the Central Bank said.In ‘Disbursed External Debt Outstanding/Gross National Income’ Sri Lanka was placed moderately indebted (between 30 to […]
The Kingsbury hotel in Sri Lanka in profits after make-over
May 18, 2014 (LBO) – The Kingsbury hotel in Colombo which was re-branded and rebuilt after being taken over by Sri Lanka’s Hayleys group has posted the profits of 42 million rupees the March 2014 quarter, interim accounts showed.The firm reported earnings of 20 cents per share for the quarter. In the March 2013 quarter […]
” dinosaur found in Argentina
BUENOS AIRES, May 17, 2014 (AFP) – Paleontologists in Argentina’s remote Patagonia region have discovered fossils of what may be the largest dinosaur ever, amid a vast cache of fossils that could shed light on prehistoric life.Finding so many individual dinosaurs at one site could confirm the hypothesis that these herbivores lived in herds, as […]
‘s Modi prays by Ganges on symbolic victory lap
VARANASI , May 17, 2014 (AFP) – Indian prime minister-elect Narendra Modi offered prayers by the river Ganges Saturday in a religious ceremony beamed live on television that underlined his Hindu nationalist roots a day after his stunning electoral triumph. The 63-year-old leader of the Bharatiya Janata Party (BJP) swept through the capital earlier Saturday, […]
Sri Lanka celebrates end of war
MATARA, May 18, 2014 (AFP) – President Mahinda Rajapakse led celebrations at a major victory parade Sunday to mark the fifth anniversary of the end of Sri Lanka’s Tamil separatist war, after banning commemorations for its victims.As the envoys of Western nations stayed away from the parade, a defiant Rajapakse insisted he would not bow […]