Author: lbostgadmin
Sri Lanka stocks down 0.1-pct, rupee weaker
July 16, 2013 (LBO) – Sri Lanka’s stocks closed down 0.13 percent on Tuesday with large cap stocks making losses and the rupee weakened in forex markets, brokers and dealers said. Nestle Lanka closed at 1,930.00 up 11.90 rupees and Aitken Spence closed at 125.00 rupees down 1.00 rupees. The benchmark Colombo All Share Index […]
‘s faster rise in household expenses, lower carb intake a concern: economist
July 15, 2013 (LBO) – A faster rise in expenditure than income and a reduction in consumption of rice and wheat was a concern that policymakers have to pay attention, a legislator and economist said. Opposition legislator Harsha de Silva said, according to the initial results of a 2012 household income and expenditure survey of […]
‘s maturing foreign debt, budget deficit a concern: Fitch
July 15, 2013 (LBO) – Sri Lanka’s 6.0 percent growth level and lower inflation helped its ‘BB-‘ rating but a high budget deficit and maturing foreign debt were concerns, Fitch Ratings has said in a regional review. An improvement in public or external financing can help an improve the while a significant deterioration in public […]
Sri Lanka industries fear upcoming land ownership restrictions
July 15, 2013 (LBO) – Planned restrictions on land ownership in Sri Lanka by foreigners may hurt industrial expansion in the country, an association representing some of the largest industries in the country said. “A number of our member and other large manufacturing companies in Sri Lanka are foreign owned,” Pravir Samarasinghe, head of the […]
Cricket: Review system in spotlight after Ashes thriller
NOTTINGHAM, July 15, 2013 (AFP) – If ever confirmation was needed the umpire’s decision is no longer final, at least at international level, the first Test between England and Australia at Trent Bridge provided the proof.An enthralling match, which England won by 14 runs, was beset by controversies over the use of the Decision Review […]
Sri Lanka state airline to get Rs25bn bailout: report
July 15, 2013 (LBO) – State-run SriLankan Airlines will get a 25 billion rupee tax-payer bailout, through a Treasury bond to settle fuel bills, a media report said.Sri Lanka’s The Sunday Times newspaper quoted civil aviation minister Priyankara Jayaratne as saying that the Treasury has agreed to pay 25 billion rupees owed to state-run fuel […]
Delivering mail in Kabul, where streets have no name
KABUL, July 15, 2013 (AFP) – In Kabul, many streets have no name and houses often have no number, meaning that postmen already braving the constant threat of suicide bombings must play detective to deliver mail. Such hard work is not well-rewarded in Afghanistan, which has 900 postmen nationwide with 100 in Kabul. Agha earns […]
In US, struggle against snake-head ends on plates
MARBURY, July 15, 2013 (AFP) – The snakehead is an invasive species of fish from Asia that is threatening the delicate ecosystem of the Potomac River that flows through Washington into the Atlantic Ocean.“It was delicious,” he said. “Very flaky, and it did not have any kind of unusual taste.I had it fried and broiled; […]
Policy Training
July 15, 2013 (LBO) – Sri Lanka™s Postgraduate Institute of Management (PIM), provider of management education said it will conduct a short course on public policy for business leaders, academics, researchers and government officials. The closing date for registration is July 15 and the program has openings for only 40 participants, who will be accommodated […]
Sri Lanka stocks down 0.2-pct
July 15, 2013 (LBO) – Sri Lanka’s stocks closed down 0.22 percent Monday with large cap stocks making losses, brokers said. Nestle Lanka closed at 1,918.10 down 12.90 rupees and Aitken Spence closed at 126.00 rupees down 10 cents. The benchmark Colombo All Share Index closed 13.54 points lower at 6,015.20 down 0.22 percent and […]
India ready for bilateral investment treaty talks with US
NEW DELHI, July 13, 2013 (AFP) – India is ready for talks with the United States on a bilateral investment treaty to reinvigorate commercial ties between the world’s two biggest democracies, a report said Saturday.The announcement comes days after neighbouring China and the United States agreed to relaunch talks on a similar bilateral investment treaty. […]
Consolidation
July 14, 2013 (LBO) – Sri Lanka is looking to be flexible on banks share ownership limits to make it easier to merge and allow sector consolidation, a top regulatory official said.However analysts say financial institutions play in different risk categories. Non bank financial institutions generally play in the more risky categories not accessed by […]