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Lessons Learnt
July 04, 2012 (LBO) – Sri Lanka should implement several key measures contained in a report by a commission which studied lessons to be learnt from a recent civil war, some of which can be done without delay, a civil organization of professionals has said. Sri Lanka’s Organization of Professional Association, a civil society organization […]
Fast Trades
July 05, 2012 (LBO) – South Africa’s Johannesburg Stock Exchange (JSE) has started to use trading software by Sri Lanka based MillenniumIT, a unit of the London Stock Exchange group from July 02. The software is running live in 14 installations excluding JSE, the company said. The trading engine of the stock exchange has also […]
Sri Lanka to build US$3bn tourism city with Singapore firm: BOI
July 04, 2012 (LBO) – Sri Lanka’s state investment promotion agency said it had inked a deal with a Singapore led consortium to build a 3 billion US dollar tourism city in Katana, north of the capital Colombo. Earlier reports had said that Sun City, a South Africa based firm will build an 800 million […]
Sri Lanka spends Rs50bn on roads in five months
July 04, 2012 (LBO) – Sri Lanka has spent 70 billion rupees on highways, power, water and sanitation in the first five months of the year, with 50 billion rupees going to roads, a finance ministry report said. The finance ministry in a mid-year fiscal report said 36.8 billion rupees was spent on national roads, […]
Power Brakes
July 03, 2012 (LBO) – New vehicle registrations in Sri Lanka may drop up to 40 percent in 2012 and dreams of motor bike owners to move on to small cars will be shattered, industry officials said. In 2011, 525,421 new vehicles including 253,331 motor bikes and 57,886 motor cars were registered, up 46 percent […]
Afridi, Gayle among star-studded icons for Sri Lanka Cricket premier league
July 03, 2012 (LBO) – Pakistani allrounder Shahid Afridi and West Indies opener Chris Gayle have been named the two international iconic players for the inaugural Sri Lanka Twenty20 premier league, Sri Lanka Cricket said. The August 10-31 tournament will also feature Sri Lankan skipper Mahela Jayawardene and former skippers Kumar Sangakkara and Tilakaratne Dilshan […]
Sri Lankan stocks down 0.2-pct, turnover lowest in three years
July 02, 2012 (LBO) – Sri Lankan share prices slipped 0.25 percent on Monday, while the turnover plunged to a three year low, on the lack of buying support across the bourse, brokers said. Foreign buying was 35.52 million rupees on sales of 4.48 million rupees. Turnover was dominated by conglomerate Aitken Spence Holdings PLC, […]
Sri Lanka asked by US, EU to stop media suppression
July 2, 2012 (LBO) – The European Union and the United States has called upon Sri Lanka not to suppress media and limit freedom of expression, after the arrest of journalists working for two websites critical of the ruling administration. The two websites are linked to Sri Lanka’s main opposition United National Party. “The Heads […]
‘s legal hard liquor production down
July 02, 2012 (LBO) – Legal hard liquor production has fallen 2. 6 percent in the first five months of 2012, from a year earlier, but soft liquor (mainly beer) had risen 12.5 percent the finance ministry said in a report. Sri Lanka had seen a surge in beer sales partly due to stronger tourism […]
Sri Lanka foreign financiers headed by India up to April 2012
July 02, 2012 (LBO) – India has committed 740. 8 million US dollars out of 1,015 million US dollars of foreign financing to Sri Lanka in the first four months of 2012, including 275. 1 million US dollars as an outright grant, official data shows. The massive grant, which is unusual in Sri Lanka’s recent […]