All Blogs
Sri Lankan shares dip
Feb 11, 2009 (LBO) – Sri Lankan stocks had mixed fortunes on Wednesday as high value stocks like Bukit Darah and Carson Cumberbatch dragged the market down on low volume transactions while selected blue chips gained, brokers said. The All Share Price Index ended down 0.22 percent (3.95 points) at 1,761.93 while the more liquid […]
Sri Lanka lures East Europeans
Feb 11, 2009 (LBO) – Sri Lanka’s national airline has teamed up with the tourism authorities and trade to lure visitors from what is seen as a lucrative market in Eastern Europe.Sri Lankan Airlines said in a statement a series of carefully targeted campaigns were done recently in Poland, Hungary and the Czech Republic targeting […]
Sri Lanka tourism outlook brightens as war ends
Feb 11, 2009 (LBO) – Sri Lanka’s long-suffering hotel industry faces better prospects as the ethnic war that has kept visitors at bay is almost at an end, while depressed valuations and investment needs may trigger take-overs, an equities researcher has said. Srimal Liyanage of Lanka Securities said he believes the hotels listed on the […]
Sri Lanka govt denies shelling that killed 16 patients
February 11, 2009 (AFP) – Sri Lanka’s military on Wednesday denied shelling a makeshift hospital where 16 patients were killed as concern mounted for the safety of non-combatants trapped in the island’s ethnic conflict.Military spokesman Brigadier Udaya Nanayakkara said security forces were not involved in the attack, which the International Committee of the Red Cross […]
Sri Lanka shelling kills 16 at hospital: ICRC
February 10, 2009 (AFP) – Sixteen patients at a makeshift hospital in Sri Lanka’s war zone were killed when the facility was shelled, the Red Cross said Tuesday, as Colombo accused Tamil rebels of gunning down 19 civilians.The news of Monday’s attack on the hospital in northern Putumattalan came as non-combatants poured across the frontlines […]
‘s Jayawardene quits as captain
February 11, 2009 (AFP) – Mahela Jayawardene on Wednesday decided to step down as Sri Lanka’s cricket captain after the upcoming Tests in Pakistan, saying he was doing it “in the best interests” of the team.“This is something I have been considering for some time as it has been my long-held belief that my successor […]
Sri Lanka cuts policy rates
Feb 11, 2009 (LBO) – Sri Lanka’s central bank has cut its discount rate that sets the upper limit of inter-bank transactions by 50 basis points to 16.50 percent and a restricted window by 25 basis points to 12.00 percent, amid falling inflation. “Inflation has been on a path of rapid deceleration, benefiting from the […]
Indonesia to issue 12-pct Islamic bonds
JAKARTA, February 10, 2009 (AFP) – Indonesia launched its first retail Islamic bond this month hoping to catch up with its neighbours in the Islamic finance business and help fund a six-billion-dollar economic stimulus package. It may be the world’s most populous Muslim country and Southeast Asia’s largest economy but Indonesia has been slow to […]
Sri Lankan shares close marginally up
Feb 10, 2009 (LBO) – Sri Lankan stocks ended slightly up Tuesday with speculative trading on Lanka Cement by small investors, as high-net-worth and institutional investors stayed away owing to fears of poor company earnings, brokers said. The All Share Price Index ended up 0.21 percent (3.77 points) at 1,765.88 while the more liquid Milanka […]
Sri Lanka tea exports rise in 2008
Feb 10, 2009 (LBO) – Sri Lanka exported 319.7 million kilos of tea and earned an estimated 1.26 billion dollars in 2008, but industry officials said shippers may not have received full payment given the collapse of the market towards the end of the year. Brokers Asia Siyaka Commodities said in a market report that […]