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Krrish denies Sri Lanka allegations, says investor confidence shaken
July 18, 2013 (LBO) – India’s Krrish group which is involved a property project in Sri Lanka has denied wrongdoing and said recent media reports had shaken the confidence of investors it was in talks with. Katyal thanked official who advised and supported the group’s entry and asked those raising concerns to “understand the correct […]
Sri Lanka fines cricketer for mid-air antics
COLOMBO, July 18, 2013 (AFP) – Sri Lankan cricket chiefs handed down a fine Thursday of nearly ,000 to a batsman who tried to force open a cabin door of a British Airways flight at 35,000 feet (10,600 metres).Sri Lanka Cricket (SLC) said Ramith Rambukwella had been fined 50 percent of his tour fees after […]
Sri Lanka scraps T20 cricket tournament
COLOMBO, July 17, 2013 (AFP) – Sri Lanka’s cricket administrators scrapped their Twenty20 league Wednesday after franchise holders defaulted on payments for the tournament and failed to guarantee payments to players, a top official told AFP.Sri Lankan Cricket decided not to go ahead with the Sri Lanka Premier League (SLPL) tournament and sack the seven […]
‘s latest household income and expenditure
July 18, 2013 (LBO) – The Household Income and Expenditure Survey (HIES) is my favorite among all the surveys done by the government. Where else do you get information as granular as how much Kelawalla fish people buy? Given the ICT Agency’s stated commitment to open data, I was expecting data in Excel at least, […]
Protests in Sri Lanka over French film festival
COLOMBO, July 17, 2013 (AFP) – Hundreds of government supporters protested outside the French embassy in Colombo Wednesday over a film festival which included a local movie considered by Sri Lanka’s military to be insulting. Demonstrators chanted anti-French slogans, denouncing the Sinhalese-language movie “Flying Fish” and the embassy for showing it at the French film […]
Sri Lanka Treasuries ease on longer tenures
July 17, 2013 (LBO) – Sri Lanka’s 12- Treasuries yield fell 05 basis points to 10.59 percent at Wednesday’s auction, though the 3-month yield was flat, data from the state debt office showed. The 6-month yield fell 02 basis points to 9.66 percent and the 3-month yield was flat at 8.63 percent. The debt office […]
Sri Lanka to keep rates on hold till September: report
July 17, 2013 (LBO) – Sri Lanka expects to keep rates on hold till September, and policy rates will be kept unchanged this month, a media report said. “We had to ensure that the policy measures that we have put in place now are not reversed too quickly and there’s no need to reverse it […]
Fleet Expansion
July 17, 2013 (LBO) – Sri Lanka’s Tokyo Cement group said it planned to buy two more vessels in the next three years, as the firm expanded.“Therefore, sudden spikes in freight costs have significant and unavoidable negative impacts on the company’s balance sheet. “Our decision to invest in our own fleet of vessels therefore, has […]
Sri Lanka tourist arrivals up 12.8-pct in June
July 17, 2013 (LBO) – Sri Lanka’s tourist arrivals rose 12.8 percent to 73,628 in June 2013 from a year earlier, with half year arrivals up 13.1 percent to 512,281, data from the state tourism promotion office showed. South Asian visitors were up 9.6 percent to 21,915 with Maldives up 29.4 percent to 5,454, Pakistan […]
India eases foreign investment rules in new reform push
NEW DELHI, July 16, 2013 (AFP) – A group of Indian cabinet ministers late on Tuesday cleared plans to remove the foreign investment cap in telecoms and relax overseas ownership rules in a host of sectors in a new economic reforms push.Economists say India needs foreign investment to spur growth and also to close its […]