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Sri Lanka made right decision on gold: Central Bank Governor
Oct 06, 2010 (LBO) – Sri Lanka made the right decision in increasing the gold component of reserve assets, Central Bank Governor Nivard Cabraal said as gold prices hit fresh highs on loose US monetary policy that is driving the dollar down as well as higher real demand. About 11 percent of the central bank’s […]
‘s share of urban bond
Oct 05, 2010 (LBO) – Sri Lanka’s Urban Development Authority has allocated the bulk of a 10 billion rupee bond issue to larger investors to applied for more than 10 million rupees each, a statement said. Resident investors who applied for up to 10 million rupees will be allotted in full being given a total […]
Sri Lankan stocks close down 1.39-pct
Oct 05, 2010 (LBO) – Sri Lankan shares fell below 7,000 points Tuesday, as investors continued to take profits to re-invest in the market after a correction, while Nawaloka Hospitals and SMB Leasing were heavily traded, brokers said. The All Share Price Index closed at 6,991. 06, down 1.39 percent (98.63 points), while the more […]
Sri Lanka tourist boom may need imported labour
Oct 05, 2010 (LBO) – Sri Lanka’s tourist industry is considering the possibility of importing labour, possibly from India, as a last resort to meet an anticipated shortage of workers given the sudden influx of visitors, an official said. “We will consider recruiting people from other countries, that will be our last option,” says Suranga […]
Tele Reach
Oct 05, 2010 (LBO) – Sri Lanka’s ETV, a terrestrial broadcaster covering the island’s western province, has put its programming on Dialog TV, a unit of Dialog Axiata, reaching a fast growing subscriber base around the country, officials said. Lanka Business Online is a related entity of ETV. “Today we have 200,000 homes, hotels, hospitals, […]
‘s landmine legacy
MANNAR, October 5, 2010 (AFP) – Valmathi Jegadas is a different sort of mine clearer to the testosterone-fuelled explosives specialists portrayed in the 2008 Oscar-winning Hollywood hit, The Hurt Locker. A farmer’s wife in northern Sri Lanka, Jegadas, 37, earns 200 dollars a month risking her life, and she admits being scared each time she […]
Sri Lanka exports slow in July on fall in apparel
Oct 05, 2010 (LBO) – Sri Lanka’s exports slowed in July 2010 for the first time in four months, dragged down by a fall in apparel shipments, its biggest industrial export, the Central Bank said. Earnings from exports were up just 0.6 percent to 656 million US dollars in July 2010 from a year ago […]
Sri Lanka takes bronze in weightlifting
Oct 05, 2010 (LBO) – Sri Lanka’s Anton Kurukulaasooriyage took bronze with a final lift of 152kg for an overall 272 in the Commonwealth Games in New Delhi Tuesday, AFP news agency reported. The gold was won by Aricco Jumitih of Malaysia, their second weightlifting gold medal of the Commonwealth Games, when he edged compatriot […]
Malaysia, Nigeria put Indian hopes in shade
NEW DELHI, October 4, 2010 (AFP) – India’s highly-rated Commonwealth Games weightlifting squad were shoved into the shadows on Monday when their gold medal hopes were shattered by an ex-drugs cheat and a Nigerian schoolgirl. Malaysian veteran Amirul Hamizan Ibrahim, whose career was interrupted by a two-year doping suspension in 2005, regained his 56kg title […]
Gas Grin
Oct 05, 2010 (LBO) – Sri Lankan liquid petroleum gas supplier Laugfs Gas is seeking to raise 2. 5 billion rupees in an initial public offer opening on November 04, 2010, a stock exchange filing said. Laugfs Gas will offer for subscription 75 million ordinary voting shares at 23 rupees a share, to raise 1,725 […]