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Sri Lanka gaming resorts could add $900mn to tourism revenues: report
July 06, 2013 (LBO) – Sri Lanka’s gaming industry could generate 900 million US dollars a year with only two 500-room integrated resorts, upping rates of city hotels, but more support facilities are needed, a research report has said.A game changing 900,000 tourists could be added within four years to Sri Lanka’s current tourist arrivals […]
Police Probe
July 5, 2013 (AFP) – Sri Lanka’s police arrested 12 commandos in connection with the execution-style killing of five students during the island’s Tamil separatist war, an official said Friday.An inspector and 11 constables from the elite Police Special Task Force (STF) were taken before a magistrate in the port town of Trincomalee on Thursday, […]
Gulls feasting on whales? In Argentina, yes
ALDES PENINSULA, July 6, 2013 (AFP) – It’s a weird, lopsided fight if ever there was one: seagulls divebombing to attack and feed on the fat of 50-ton whales and their babies.And the birds are winning. The battle, new in recent years, is playing out in the South Atlantic off the coast of Argentina’s Patagonia […]
Cricket: West Indies without Bravo for Sri Lanka match
PORT OF SPAIN, July 6, 2013 (AFP) – West Indies captain Dwayne Bravo has been suspended from his team’s encounter with Sri Lanka in the fifth match of the Tri-Nation Series at the Queen’s Park Oval on Sunday.In a decision handed down by the International Cricket Council match referee Jeff Crowe and released on Saturday, […]
Sri Lanka stocks down 0.4-pct
July 05, 2013 (LBO) – Sri Lanka’s stocks closed down 0.41 percent on Friday with the market down for the third consecutive day amid losses in diversified companies and banking stocks, brokers said. The Lion Brewery closed at 399.00 down 09.00 rupees and Distilleries Company closed at 190.70 rupees down 1.80 rupees. The benchmark Colombo […]
‘s Mihin Lanka gets Rs600mn in state guaranteed loans
July 5, 2013 (LBO) – Sri Lanka’s state-run Mihin Lanka, a loss-making budget carrier has been given 616 million rupees in Treasury guarantee to borrow from a state bank, finance ministry data shows. Separately the Treasury had guaranteed a 175 million US dollar-equivalent loan (22.54 billion rupees) from Mashreq Bank in UAE until June 2016. […]
Sri Lanka urban housing eyed by UAE firm: industries ministry
July 05, 2013 (LBO) – Midein Holding Llc, an Abu Dhabi based firm is looking at urban housing development in Sri Lanka, the ministry of industry and commerce said.Omair S Al Dhaheri, chairman of Midein Holding had visited Colombo and has had talks with deputy investment promotion minister Faiser Mustapha and chairman of the state […]
More Sri Lankan boat people returned by Australia
July 05, 2013 (LBO) – Australia has returned 15 more Sri Lankan boat people taking the total sent back so far to 1,285, an Australian government statement said.Of those returned 1,072 were sent back involuntarily. The statement said the sending back boat people sent a “powerful message” and they were wasting money to travel to […]
South Asia need freer trade to have food security: policy advocate
July 5, 2013 (LBO) – South Asian countries could improve food security by avoiding export restrictions in food and increases in overall trade will also help reduce poverty, a regional policy advocate said.Banning exports of food to neighboring countries and the rest of the world whenever prices go up should be avoided, Bipul Chatterjee, deputy […]
Sri Lanka stocks down 0.7-pct
July 04, 2013 (LBO) – Sri Lanka’s stocks closed down 0.73 percent on Thursday with losses in diversified companies and banking stocks, brokers said. Distilleries Company closed flat at 192.50 rupees and Ceylon Tobacco Company closed at 995.70 rupees down 3.80 rupees. Trading Thursday Sri Lanka stocks down 0.7-pct July 04, 2013 (LBO) – Sri […]