All Blogs
Rain washes out play in Sri Lanka-Windies Test
November 26, 2010 (AFP) – No play was possible due to rain on the penultimate day of the second Test between Sri Lanka and the West Indies in Colombo on Friday. The West Indies were 165-5 in their first innings in reply to Sri Lanka’s 387-9 declared on Thursday, with Carlton Baugh unbeaten on four […]
Sri Lanka economic data integrity under fire
Nov 26, 2010 (LBO) – A Sri Lankan economist who is also a lawmaker has queried apparent contradictions in the island’s poverty and consumption data, adding to an ongoing debate on the integrity of the country’s economic statistics. Harsha de Silva, representing Sri Lanka’s main opposition United National Party, said a budget speech had claimed […]
Sri Lanka, India free trade talks to resume in December
Nov 26, 2010 (LBO) – India and Sri Lanka are to resume talks in December 2010 on a Comprehensive Economic Partnership Agreement (CEPA) that had been stalled by protectionist lobbies on the island. “A delegation from the Ministry of Commerce and Industry of India would visit Sri Lanka on mutually convenient dates in December 2010 […]
Sri Lanka stocks close down 0.7-pct
Nov 25, 2010 (LBO) – Sri Lanka stocks closed down 0.76 percent Thursday with a few high-net-worth individuals showing interest in trading, brokers said. The All Share Price Index closed at 6,413. 32, down 0.76 percent (48.80 points) while the Milanka index of liquid stocks dipped 0.77 percent (54.13 points) to close at 6,945.06, according […]
Sri Lanka, India has best budget transparency in South Asia: survey
Nov 25, 2010 (LBO) – Sri Lanka and India has emerged on top in South Asia on a global survey on budget tranparency by a Washington based body, which judged that citizens are given enough information to assess how their money is used. Sri Lanka and India has scored 67 points and transparency has improved […]
Money Trail
Nov 25, 2010 (LBO) – Sri Lanka’s central bank has signed a deal with the central bank in Bangladesh to share financial information in tackling money laundering and terrorist financing, a statement said. “Money laundering and terrorist financing are often internationally connected activities,” the statement said. “Financial intelligence authorities also need to be internationally organized […]
Cable Crisis
Nov 25, 2010 (LBO) – Sri Lanka’s cable TV firms are facing a crippling tax that may put all of them out of business, following the imposition of a new ‘teledrama’ tax that has already hit terrestrial ‘free to air’ channels. Industry officials say the cable TV industry would not be able to survive if […]
Sri Lanka hydro power firm gains 55-pct on trading debut
Nov 25, 2010 (LBO) – Hydro Power Free Lanka (HPFL) shares began trading on the Colombo bourse at 15.50 rupees, a gain of 55 percent over its initial offer price of 10 rupees, a statement said. The share’s highest price for the day 16 rupees and the lowest 15 with a total volume of 22,208,800 […]
Indian FM in Sri Lanka amid growing Chinese influence
November 25, 2010 (AFP) – Indian Foreign Minister S. M. Krishna was due in Sri Lanka Thursday to shore up bilateral relations amid growing Chinese influence on the island. Krishna is due to call on President Mahinda Rajapakse and also open two Indian consulates in the southern and northernmost parts of the island before leaving […]
‘s level
Nov 25, 2010 (LBO) – Sri Lanka’s tea production in October 2010 was 26.6 million kilos, almost the same as a year ago but the crop in the 10 months period was much higher, the Tea Board said. Low growns, which make up more than half the crop, rose 4.9 percent to 17.5 million kilos […]