All Blogs
Sri Lanka to close central bank swap with China: CB Governor
Aug 06, 2009 (LBO) – Sri Lanka’s central bank is expecting to close a “token” swap contract with China though the monetary authority is no longer in urgent need of dollars after an International Monetary Fund loan came through, Governor Nivard Cabraal said. Under the 20-month program Sri Lanka’s government and the central bank can […]
Sri Lankan shares up 0.34-pct
Aug 06, 2009 (LBO) – Sri Lankan stocks closed up Thursday with investors apparently optimistic of foreign inflows, while selected counters saw some volatility on poor corporate earnings, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed up 0.34 percent (8.57 points) to end at 2,526.08 Thursday, while the Milanka index of liquid […]
Common Cause
Aug 06, 2009 (LBO) – Sri Lanka’s transport and logistics professionals are to form a ‘logistics directors’ forum’ that aims to get industry leaders together to work for common objectives, a senior official said. “The general impression we got from all of them was that logistics is a key area for the country which we […]
Sri Lanka seasonal teas fetch high prices
Aug 06, 2009 (LBO) – Prices of Sri Lankan teas grown in the central highlands that showed the ‘Uva’ seasonal flavour shot up sharply at this week’s Colombo auctions, brokers said. Teas grown in the Uva and Udapussellawa regions of the island’s central hills are much sort after by overseas buyers during the quality season […]
Sri Lanka Bogawantalawa Tea starts distribution network
Aug 06, 2009 (LBO) – Sri Lankan tea growing and marketing company Bogawantalawa Tea Estates said it has launched its own distribution channel in the local market.Most Sri Lankan tea producers sell their teas through the Colombo auctions but several firms are trying to establish their own brands and sell direct to consumers, cutting out […]
Knowledge Wiki
Aug 06, 2009 (LBO) – Lankapedia, a newly launched Sri Lanka specific site styled on the popular Wikipedia portal, is setting the stage to make user generated content about the island more popular, officials said. “I think user generated content is the future,” says Rohan Samarajiva, head of LirneAsia, a regional think tank that has […]
‘s flagship outsourcing sector hits tough times
NEW DELHI, August 6, 2009 (AFP) – These are tough times for India’s flagship outsourcing industry whose skilled, low-cost workforce helped plant the country on the global business map.With the world in the grip of the worst economic slump since the 1930s, revenue growth from outsourcing — subcontracting work to a third-party company — is […]
Sri Lanka says new Tiger leader arrested
August 6, 2009 (AFP) – Sri Lanka’s state television on Thursday announced that the new head of the remnants of the Tamil Tiger rebels had been arrested in Thailand. Pathmanathan, an overseas-based leader who took over the Liberation Tigers of Tamil Eelam (LTTE) following the killing of its supremo Velupillai Prabhakaran in mid-May, was also […]
Sri Lanka insurance regulator suspends Ceylinco Takaful
Aug 06, 2009 (LBO) – Sri Lanka’s insurance regulator, the Insurance Board of Sri Lanka, has suspended the registration of Ceylinco Takaful for general insurance for three weeks, the government information department website said.It gave no further details. The suspension imposed on Ceylinco Takaful Limited remains till August 26, 2009, it said.It quoted the IBSL […]
Sri Lanka: Small miracle or big miracle?
Aug 06, 2009 (LBO) – So after much effort we decided to get rid of the inane “Land Like No Other” tagline and launch the new brand “Small Miracle.” Now the former JVP Presidential Candidate and present Tourism Minister wants to replace it by consulting “leading scholars” in a few days. Throw away years of systematic […]