All Blogs
Sri Lanka war-torn regions to show highest nominal growth: CB Governor
May 21, 2011 (LBO) – Sri Lanka former war-torn has shown the highest nominal growth among all regions (before inflation adjustment) after the end of a 30-year war and the momentum is expected to continue, Central Bank Governor Nivard Cabraal said. The war in the north ended in May 2009, but military activities in the […]
Sri Lanka shares end down 0.11-pct
May 20, 2011 (LBO) – Sri Lankan shares closed weaker Friday despite a strong opening after rallying the day before when a deadline to clear broker credit was extended to the end of the year, brokers said. The main All Share Price Index closed at 7,479.63, down 0.11 percent (7.98 points) while the more liquid […]
Sri Lanka mulls global action against Ceylon tea counterfeits
May 20, 2011 (LBO) – Sri Lanka’s Tea Board aims to hire an international agency for global surveillance of the island’s Ceylon tea brand under the ‘Lion’ logo to prevent its misuse and sale of counterfeits, an official said. The planned action comes in the wake of the island launching new logos for Ceylon tea […]
‘s 31-year-old king to marry
NEW DELHI, May 20, 2011 (AFP) – The 31-year-old king of Bhutan, an Oxford-educated bachelor crowned in the remote Himalayan country in 2008, set up another royal wedding on Friday by announcing his engagement. Jigme Khesar Namgyel Wangchuck revealed his intention at the opening session of parliament, a secretary from the ministry of information, Dasho […]
‘s IMF director hits method for naming chief
WASHINGTON, May 19, 2011 (AFP) – India’s IMF director on Thursday said the institution needs to revamp how it chooses it managing director, after decades of as “consensus” that let Europeans monopolize the top position. Hours after the resignation of International Monetary Fund chief Dominique Strauss-Kahn of France to fight sexual assault charges in New […]
US security chief to visit India for talks
WASHINGTON, May 19, 2011 (AFP) – The US Homeland Security secretary, Janet Napolitano, will make a four-day visit to India beginning May 24, her office announced Thursday. Napolitano and Indian Home Minister Palaniappan Chidambaram, the country’s domestic security chief, will launch the US-India Homeland Security dialogue, which the Department says will increase communication about terrorism […]
Sri Lankan air cargo goes electronic
May 20, 2011 (LBO) – Sri Lanka’s national carrier SriLankan Airlines has introduced electronic cargo booking and scanning facilities at the main international airport in Katunayake. Its cargo arm, SriLankan Cargo, is modernising its cargo centre at the international airport north of Colombo to improve operational efficiency and strengthening Colombo’s position as an air cargo […]
SriLankan Airlines gets more fuel efficient aircraft
May 20, 2011 (LBO) – A brand new Airbus A320-200 aircraft delivered to SriLankan Airlines this week as part of its fleet expansion is more fuel efficient and would improve airline performance, the national carrier said. Chief executive Manoj Gunawardena said two more aircraft are expected to be delivered later in the year. “These aircraft […]
Ton-up Morgan, Patel pile on runs against Sri Lanka
LONDON, May 19, 2011 (AFP) – Eoin Morgan and Samit Patel both hit centuries in last-gasp bids to seal Test spots as England Lions piled up 394 for four on the first day of a four-day match against Sri Lanka on Thursday. Morgan made 156 not out with Patel weighing in with an unbeaten 101 […]
Sri Lanka shares up 1.75-pct
May 19, 2011 (LBO) – Sri Lankan shares rose strongly Thursday following a widely anticipated announcement by the markets regulator that the margin trading credit settlement period had been extended again, brokers said. The main All Share Price Index closed at 7,487.61, up 1.75 percent (128.92 points) while the more liquid Milanka index rose 1.19 […]