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Sri Lanka JKH unit gets Air France-KLM agency
Jan 31, 2014 (LBO) – Mack Air (Pvt) Ltd, a unit of Sri Lanka’s John Keells Holdings said it will be the general sales agent for Air France – KLM in the island from February 2014.The agency for the Netherlands-based KLM was held by Sri Lanka’s Carson Cumberbatch for 50 years, dating back from before […]
Sri Lanka probes China coal plant for defective materials, design
Jan 31, 2014 (LBO) – Sri Lanka is probing a Chinese built coal plant for possible material, design or construction defects, following leaks in a steam cooling unit, officials said. Power minister Pavithra Wanniarachchi said she had informed Chinese embassy officials at a meeting in Colombo that the builders had to bear responsibility for the […]
Sri Lanka inflation at 4.4-pct in January 2014
Jan 31, 2014 (LBO) – Sri Lanka’s consumer prices rose 4. buy 4 percent in the 12-months to January 2014, down from 4.7 percent in December, the state statistics office said.But external inflation usually generated by reserve currency central banks like the Federal Reserve has also started to moderate and if Fed tightens or normalizes […]
Sri Lanka stocks close down 0.4-pct
Jan 30, 2014 (LBO) – Sri Lanka stocks close 0.40 percent lower Thursday with tobacco and hotel stocks losing ground amid strong foreign selling and Fed’s stimulus cut, brokers said. Nations Trust Bank closed 1.90 rupees higher at 66.90 rupees and Commercial Bank closed 60 cents lower at 127.00 rupees. Distilleries closed 90 cents higher […]
Cricket: Five-star Perera hands Sri Lanka massive win
DHAKA, January 30, 2014 (AFP) – Off-spinner Dilruwan Perera picked up five wickets as Sri Lanka thumped fragile Bangladesh by an innings and 248 runs in the first Test in Dhaka on Thursday.Bangladesh, trailing by a huge 498-run margin on first innings, were bowled out for 250 in their second knock after lunch on the […]
Cricket: ICC set to go back to the future
LONDON, January 30, 2014 (AFP) – For much of its history the International Cricket Council (ICC) was unable to do anything without the approval of England and Australia, the two original Test nations.So the announcement from the ICC’s headquarters in Dubai on Wednesday that it had agreed in principle to be effectively run by India, […]
Sri Lanka stocks close up 0.5-pct
Jan 29, 2014 (LBO) – Sri Lanka stocks close 0.54 percent higher Wednesday ending a two day negative rally with diversified stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 33.31 points higher at 6,252.14, up 0.54 percent. The S&P SL20 closed 30.09 points higher at 3,465.96, up 0.88 percent. Turnover was […]
Lawlessness
COLOMBO, January 28, 2014 (AFP) – Sri Lanka’s Buddhist hierarchy and other religious leaders accused police Tuesday of failing to prosecute those behind a recent wave of attacks on Christians and Muslims.A multi-religious group led by Buddhist monks said the country had failed to grasp the threat posed by hate speech and attacks because local […]
Incident
Jan 29, 2014 (LBO) – Harsha de Silva, an opposition legislator and economist said a person who had accused him of assault had withdrawn a complaint made to the police. The person had alleged that de Silva had hit him on the head after an exchange of words when clearing a bare land near his […]
Cricket: Ton-up Jayawardene flays Bangladesh
DHAKA, January 29, 2014 (AFP) – Mahela Jayawardene became Test cricket’s seventh-highest run-getter with an unbeaten century as Sri Lanka compounded Bangladesh’s misery in the first Test in Dhaka on Wednesday.The veteran right-hander was on 146 not out, his 33rd Test hundred, as the tourists went to tea on the third day at 602-6, a […]