Author: lbostgadmin
Sri Lanka stocks flat, rupee steady
Sept 30, 2013 (LBO) – Sri Lanka stocks closed flat amid a broad sell-off of smaller capitalized stocks and the rupee was steady, brokers and dealers said. The benchmark Colombo All Share Price Index (ASPI) closed 5.30 points lower on Monday to 5,803.32, down 0.09 percent after hitting an intraday high of 5,815.84. The S&P […]
Sri Lanka NSB bond gains, yields plunge in aftermarket
Sept 30, 2013 (LBO) – A bond sold by state-run National Savings Bank at 8.875 this month percent surged in the aftermarket to yield as low as 8.05 percent, giving quick capital gains to investors. NSB sold 750 million US dollars of five year bonds amid unsettled market conditions ahead of a US Fed decision […]
China seeks minerals, logistics services from Sri Lanka
Sept 28, 2013 (LBO) – Chinese firms are planning to buy activated carbon and rubber from Sri Lanka following the visit of a trade delegation and others are in talks over minerals and logistics services, the island’s trade ministry said.“We are looking for mineral sourcing from Sri Lanka as well as partnering in logistics and […]
Sri Lanka President meets US business networking group
Sept 27, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa had met representatives of the Business Council of International Understanding, a US-based organization that promotes links between political leaders and business. President Rajapaksa visited New York to attend the general assembly of the United Nations. At a breakfast meeting with BCIU, which was represented by […]
Half of British pilots fall asleep on the job: survey
LONDON, September 27, 2013 (AFP) – More than half of Britain’s airline pilots have fallen asleep in the cockpit and a third have woken up to find their co-pilot asleep, according to a new survey.The BALPA survey comes ahead of a vote in the European parliament on Monday on proposals to set out maximum working […]
Oil Blocks
Sept 27, 2013 (LBO) – Oil majors Exxon Mobil and Royal Dutch Shell, France’s Total are among the firms that may bid for offshore oil exploration blocks offered by Sri Lanka, a media report said.Italy’s ENI and India’s ONGC Videsh and Cairn India could also bid, Saliya Wickramasuriya, head of Sri Lanka’s petroleum exploration office […]
Confusion over Maldives election as officials clash
COLOMBO, September 27, 2013 (AFP) – The Maldives’ Election Commission sparked confusion on Friday over whether elections originally scheduled for this weekend but suspended by the Supreme Court would go ahead on the troubled Indian Ocean archipelago. Nasheed, 46, won the first round comfortably with 45.45 percent of the vote and faced a run-off contest […]
Underpant protests as Maldives crisis deepens
MALÉ, September 27, 2013 (AFP) – Police in the Maldives said Friday they had arrested 14 protesters involved in hanging white underpants outside a courthouse as a constitutional crisis over stalled elections on the honeymoon islands deepened. Supporters of the opposition Maldivian Democratic Party (MDP) been begun displaying white briefs in public to taunt Supreme […]
Rare Canadian desert shrinking as vegetation takes over
WINNIPEG, September 27, 2013 (AFP) – As desertification creeps into parts of the world, a rare stretch of sand in Canada’s vast western plains is oddly doing the reverse — slowly sprouting with vegetation. Tufts of prairie grasses are emerging throughout Spirit Sands, a stretch of dunes steeped in local lore in a popular nature […]
Teaching Proposals
By Nisha Arunatilake Sept 27, 2013 (LBO) – Despite impressive performance in access to education, issues of quality of education, access to higher levels of education and relevance of education has challenged the education sector in the recent past. School based recruitments will help to alleviate another pressing issue in the sector: the inefficient placement […]
Climate Funds
Sept 27, 2013 (LBO) – Sri Lanka’s Pan Asia Bank said it had struck a deal to get 20 million US dollars to finance green energy, from in global climate fund. The bank is inviting clients to submit proposals for green projects. The Global Climate Partnership Fund (GCPF) is promoted by the German and Denmark […]
Sri Lanka stocks close 0.3-pct higher, rupee steady
Sept 27, 2013 (LBO) – Sri Lanka stocks closed higher for the second consecutive day, up 0.39 percent and the rupee ended slightly weaker, brokers and dealer said. The benchmark Colombo All Share Price Index closed 22.46 points higher at 5,808.62, up 0.39 percent and the S&P SL20 closed 9.98 points lower at 3,209.11, down […]