Author: lbostgadmin
Cricket: Dilshan stars as Sri Lanka thrash South Africa
COLOMBO, July 31, 2013 (AFP) – Tillakaratne Dilshan narrowly missed a second successive century as Sri Lanka whipped South Africa by 128 runs in Colombo on Wednesday to wrap up the one-day series 4-1.The hosts, already holding a decisive 3-1 lead, piled up 307-4 after electing to take first strike and then shot the Proteas […]
Sri Lanka close to signing power purchase deal with India JV
Aug 01, 2013 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board is close to signing a power purchase deal with an Indian joint venture coal plant, a top official said. The CEB and India’s National Thermal Power Corporation is to build a 500 MegaWatt coal plant in Trincomalee but signing its power purchase agreement was […]
Liquidity
Aug 01, 2013 (LBO) – Sri Lanka’s central bank has bought Treasury Bills to meet government cash flow needs but is draining the liquidity though open market operations to counter any inflationary impact, Governor Nivard Cabraal said. Governor Cabraal has said earlier that Sri Lanka has enough foreign reserves to pay investors if they wanted […]
Even Road
Aug 01, 2013 (LBO) – Sri Lanka has cleared a tax anomaly which can make single cab trucks, especially some Indian brands, cheaper, Deputy Treasury Secretary S R Attygalle said.Until now imported single cab trucks were charged two rates of taxes based on whether the engine was protruding forward or not which had made some […]
Sri Lanka stocks close up 2-pct
Aug 01, 2013 (LBO) – Sri Lanka’s stocks closed up 1.98 percent Thursday following a week of losses with heavy activity in a plantation stock, some gains in the large cap stocks and banking stocks, brokers said. In the banking sector, Hatton National Bank closed at 110.80 up 0.70 rupees, Pan Asia closed at 18.00 […]
Sri Lanka raises hard alcohol, beer taxes
July 31, 2013 (LBO) – Sri Lanka has raised taxes on hard alcohol by 75 rupees a litre and beer by 10 rupees per litre along with cigarettes which will help keep revenue targets on track, an official said. The mid-year tax hike will not bring in additional revenue above budget projections but simply keep […]
‘s inflation up 6.1-pct in July 2013
July 31, 2013 (LBO)- Consumer prices in Sri Lanka’s capital Colombo rose 6.1 percent in July 2013 from year earlier easing from 6.8 percent in June, with the index gaining 0.2 percent in the month, the state statistics office said. But this time policy has been loosened aggressively, the exchange rate has been weaker and […]
Gas Plan
July 31, 2013 (LBO) – Sri Lanka’s state-run ports agency is planning a liquid natural gas terminal in its southern port in Hambantota for power generation and LNG bunkeringis also on the cards, in a strategic plan running up to 2020.SLPA chairman Priyath Wickrema said the strategic plan ‘Vision2020’ will enable Sri Lanka to be […]
Sri Lanka creates free zones for entrepot trade, off-shore business
July 31, 2013 (LBO) – Sri Lanka has declared two seaports as ‘free ports’ and an airport and two export processing zones as bonded areas, for entrepot trade and off-shore business.Colombo and Hambantota ports have been declared as free ports. Export processing zones in Katunayake by the main international airport and Koggala and the second […]
”’: report
MUMBAI, July 31, 2013 (AFP) – India’s central bank governor has decided to “move on” and a hunt for his successor is underway, the country’s finance minister was quoted saying Wednesday.The government’s chief economic advisor, Raghuram Rajan, India’s economic affairs secretary Arvind Mayaram and Planning Commission member Saumitra Chaudhary are contenders to succeed Subbarao, the […]
Platform Sale
July 31, 2013 (LBO) – Sri Lanka-based MillenniumIT, a unit of London Stock Exchange group said it had won deal to sell its securities trading platform to Argentina. MillenniumIT software is running in around 30 locations around the world. Recast The London Stock Exchange group said Wednesday it had been selected as technology partner for […]
Suspects
LONDON, July 30, 2013 (AFP) – Almost 100 foreign suspected war criminals were found to be living in Britain last year after applying for citizenship or asylum, the interior ministry said on Tuesday.“That, in turn, requires more political will and commitment at the higher level.” British police in May arrested five men wanted in Rwanda […]