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Sri Lanka inflation at 4.2-pct in February
Feb 28, 2013 (LBO) – Sri Lanka’s consumer prices rose 4.2 percent in the 12-months February 2014, down from 4.4 percent in January, the state statistics office said.The widely watched Colombo Consumer Price Index rose 0.2 percent during the month. Annual average inflation, a lagging indicator averaged across two years eased to 6.0 percent in […]
Leading Edge
Feb 27, 2014 (LBO) – WSO2, a Sri Lanka based open source software firm whose products drive applications of companies ranging from ebay.com and Cisco Systems to British Airways is targeting more business in Asia. In Sri Lanka WS02, customers include Dialog Axiata and John Keells Holdings.The firm is also expecting potential local users in […]
Shrieking pet parrot tips off police to India murder
AGRA, February 27, 2014 (AFP) – A pet parrot in India has been credited with helping catch the man who murdered its owner, a relative said Thursday. The owner, a 55-year-old woman, was stabbed to death and her jewellery stolen at her home in the northern city of Agra on February 20. The woman’s relatives […]
Oman Air in code share with SriLankan to China, Singapore and Maldives
Feb 27, 2014 (LBO) – Oman Air said it had signed a deal take carry its passengers on Sri Lanka’s state-run SriLankan Airlines to China, Singapore and Maldives though Colombo. The code share deal also allows SriLankan to book passengers to Zurich via Mauscat on Oman Air flights. “This new agreement will increase both choice […]
‘s Equity One Plc sells property
Feb 27, 2014 (LBO) – Equity One Plc, a unit of Sri Lanka’s Carson Cumberbatch group said it sold a six acre land in a suburb south of Colombo for 571.2 million rupees. The land in Mount Lavinia had been sold on February 24, the firm said in a stock exchange filing. The funds will […]
Dhaka Gladiators owner convicted of match-fixing
DHAKA, February 26, 2014 (AFP) – A special tribunal convicted one of the owners of the Dhaka Gladiators Wednesday of match-fixing in the tainted Bangladesh Premier League, while three international cricketers pleaded guilty in the 2013 scandal, officials said. Shihab Jishan Chowdhury, managing director of the reigning BPL champions, was found guilty of one charge […]
Sri Lanka stocks close up 0.6-pct
Feb 26, 2014 (LBO) – Sri Lanka stocks close 0.63 percent higher Wednesday ending a nine day negative rally with gains in the tobacco and diversified stocks, brokers said. The Colombo benchmark All Share Price Index closed 36.89 points higher at 5,872.81, up 0.63 percent. The S&P SL20 closed 8.74 points higher at 3,188.80, up […]
Trucking Slowdown
Feb 26, 2014 (LBO) – Sri Lanka’s large truck and tractor new registrations have continued to fall in January 2014 amid weak economic conditions, an analysis of motor vehicle registry data by an equities research house shows.Small ‘hand’ tractor sales were also down 21 percent to 596 units in January 2014, from 763 a year […]
SriLankan Airlines flies to Vietnam; more Australasian cities
Feb 26, 2014 (LBO) – State-run SriLankan Airlines said it will fly to Vietnam and expand destinations to Malaysia and Australia through a new code share deal with Malaysian Airlines. Mohamed Fazeel, SriLankan’s head of commercial operations said the new code share will increase traffic between Sri Lanka and Australasia, which had high tourist traffic […]
‘s Malinga stuns Pakistan in Asia Cup opener
FATULLAH, February 25, 2014 (AFP) – Sling-arm fast bowler Lasith Malinga grabbed five wickets in a devastating final spell to lead Sri Lanka to a 12-run win over defending champions Pakistan in the opening match of the Asia Cup in Fatullah on Tuesday. Pakistan, chasing Sri Lanka’s competitive 296-6, seemed to be cruising at 242-4 […]