Author: lbostgadmin
‘s Education
August 05, 2013 (LBO) – Sri Lanka’s public sector dominated education sector needs more private partnerships Asian Development Bank country director, Rita O’Sullivan said. Resource persons include IMF’s Sri Lanka resident representative Koshy Mathai, Lloyd Fernando, Indrajit Aponsu, W A Wijewardena, Saman Kelegama, Uditha Liyanage and Rohan Perera. “There is a need to invest in […]
Shipping Hub
August 05, 2013 (LBO) – Sri Lanka can become a shipping hub with the opening of the 500 million US dollar port Monday which will help secure maritime supply routes, a senior official said. “Sri Lanka has a window of opportunity to get into and become a shipping hub with the opening of the new […]
Mega Hub
Aug 05, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa declared open a new container terminal Tuesday, making Colombo the only port in South Asia that can handle the Triple E class large container ships. President Rajapaksa said building ports was part of his five hub strategy, after formally commissioning the loading of a CMA-CGM […]
Sri Lanka stocks close down 0.7-pct
Aug 05, 2013 (LBO) – Sri Lanka’s stocks closed down 0.68 percent Monday with losses in the large cap stocks and banking stocks, brokers said. The benchmark Colombo All Share Index closed 0.68 points lower at 6,114.18 and the S&P SL 20 Index closed 19.10 points lower at 3,471.47 down 0.55 percent. Turnover was 288 […]
Second Sri Lankan dies after troops fire on villagers
COLOMBO, August 3, 2013 (AFP) – A second Sri Lankan protester died from wounds suffered when troops fired on villagers demonstrating against contaminated water supplies, police said Saturday, as tensions remained high in the area. Dipped Products Ltd, a publicly quoted company that maintains the manufacturing plant, said Friday it was confident the water issue […]
Port Project
COLOMBO, August 4, 2013 (AFP) – A 0 million Chinese-built port opens Monday in Sri Lanka, giving Beijing a vital foothold on the world’s busiest international shipping lane as it seeks to secure maritime supply routes. Hambantota, which is just 12 kilometres (7.5 miles) away from the East-West sea lane, is being promoted as a […]
Sri Lanka Dipped Products says not causing water pollution
Aug 03, 2013 (LBO) – Sri Lanka’s Dipped Products Plc, a top glove exporter says its factory is not polluting groundwater but production has been halted until further tests are carried out by authorities.The Industrial Technology Institute, National Water Supply and Drainage Board, Geological Survey and Mines Bureau, University of Moratuwa and the University of […]
Tele Net
Aug 03, 2013 (LBO) – Profits at Sri Lanka’s Dialog Axiata rose 11 percent to 950 million rupees in the June 2013 quarter, amid forex losses coming from currency depreciation, the company said.At its core mobile unit, revenues grew 12.5 percent to 13.7 billion rupees and profits rose 14.9 percent to 985 million rupees. Dialog […]
Punished
WASHINGTON, August 2, 2013 (AFP) – Three convicted Somali pirates escaped the death penalty Friday when a US jury sentenced them to life in prison for the high-seas murder of four Americans in the Indian Ocean. Federal prosecutors had sought the death penalty for Ahmed Muse Salad, 25, Abukar Osman Beyle, 20, and Shani Nurani […]
Sri Lankan protestor shot dead at tainted water demo
August 2, 2013 (AFP) – Sri Lankan security forces shot dead one protestor and wounded dozens more when they fired on villagers at a demonstration over contaminated drinking water, police and residents said Friday.Military spokesman Brigadier Ruwan Wanigasooriya said the army had been called in on Thursday night to assist the police when a mob […]
Sri Lanka president invites Pope Francis I to visit
Aug 02, 2013 (LBO) – President Mahinda Rajapaksa had invited Pope Francis I, the head of the Roman Catholic Church to visit Sri Lanka, his media office said. “On behalf of the Government and the people of Sri Lanka, I consider it a great privilege and an honour to extend to Your Holiness an invitation […]
Cricket: Duminy rescues South Africa against Sri Lanka
COLOMBO, August 2, 2013 (AFP) – JP Duminy hit 51 off 52 balls as spin-wary South Africa recovered from a poor start to post 115-6 in the first Twenty20 international against Sri Lanka in Colombo on Friday. Duminy hit three boundaries and a six before he was dismissed in the penultimate over, caught in the […]