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Sri Lanka GDP grows 7.3-pct in 2013, 8.2-pct in 4Q: census dept
Mar 17, 2014 (LBO) – Sri Lanka’s gross domestic product grew 7.3 percent in 2013 with the economy estimated to have grown 8.2 percent in the fourth quarter from a year earlier, the state statistics office said. For the full year, agriculture grew 4.7 percent, industry 9.9 percent and services 6.4 percent. Sri Lanka is […]
Sri Lanka US$10mn warehouse by Glowbal Outlet Stores
Mar 17, 2014 (LBO – A 10 million US dollar warehouse and logistics centre will be set up in Sri Lanka by Glowbal Outlet Stores, a firm founded by Canadians of Lebanese origin, the state investment promotion agency said.Ramzey Hammound president of Glowbal Outlets and Board of Investment of Sri Lanka chairman Lakshman Jayaweera had […]
India suspends search for plane, awaits new instructions
NEW DELHI, March 16, 2014 (AFP) – India on Sunday suspended its search for Malaysia Airlines flight 370 around the remote Andaman and Nicobar Islands and in the Bay of Bengal and is awaiting a new request from Malaysia, a defence official said.“The entire operation is on hold for now. We are awaiting fresh instructions […]
‘s Sangakkara to quit T20 after world meet
COLOMBO, March 16, 2014 (AFP) – Sri Lanka’s Kumar Sangakkara will retire from Twenty20 internationals after the ongoing World T20 in Bangladesh, the veteran left-hander told a newspaper on Sunday, The 36-year-old said he wanted to make way for younger players in the national team, but made himself available to play the shortest format in […]
US ship, plane to search Bay of Bengal for missing jet
WASHINGTON, March 14, 2014 (AFP) – A US naval ship and surveillance plane are heading to the Andaman Sea and Bay of Bengal to search for a missing Malaysian airliner that vanished a week ago, officials said Friday.The hunt had initially focused on the South China Sea east of Malaysia — along the intended route […]
Missing MH370, hypoxia or hijack to blame?
Mar 15, 2014 (LBO) – As the US deployed aircraft and ships to the Indian Ocean capable of underwater listening facilities, more details have emerged about a possible flight path of the missing airliner painting scenarios of hypoxia or hijack. Hypoxia or oxygen starvation from loss of cabin pressure incapacitates crew, making then incapable of […]
Sri Lanka Hambantota port industries to be powered by LNG
Mar 15, 2014 (LBO) – Sri Lanka Ports Authority is in discussions with an Australia based firm to set up a liquefied natural facility to drive an industrial zone in Hambantota instead of coal, an official said. SLPA chairman Priyath Wickrama said several heavy industries in the port initially planned to use coal, which could […]
Sri Lanka stocks end down 0.3-pct
Mar 14, 2014 (LBO) – Sri Lanka’s stocks end lower for the fifth straight day with tobacco and diversified stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 17.71 points lower at 5,896.23 down 0.30 percent. The S&P SL20 closed 15.02 points lower at 3,207.11, down 0.47 percent. Turnover was 251.77 […]
Sri Lanka tourist arrivals up 24-pct in February
Mar 14, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 24.5 percent to 141,878 in February 2014 from a year earlier, with India, Russia and China leading gains, the state tourism promotion office said. Late last year Sri Lanka suddenly reported higher tourist arrivals and revised upwards data from earlier months amid growing uncertainty about […]
New US lead thrusts Malaysia jet search into Indian Ocean
KUALA LUMPUR, March 14, 2014 (AFP) – The needle-in-a-haystack hunt for a missing Malaysian airliner spread to the vast Indian Ocean Friday after the White House cited “new information” that it might have flown for hours after vanishing nearly seven days ago. Multiple US media reports, citing American officials, said the Malaysia Airlines Boeing 777’s […]