Author: lbostgadmin
Sri Lanka stocks close up 0.2-pct
July 01, 2013 (LBO) – Sri Lanka’s stocks closed up 0.19 percent on Monday continuing its upward trend with diversified and consumer companies showing gains, brokers said. The benchmark Colombo All Share Index closed 11.74 points higher at 6,132.75 and the S&P SL 20 Index closed 16.00 points higher at 3,447.74 up 0.47 percent. Turnover […]
Sri Lanka kills some liquidity ahead of cash flood
July 01, 2013 (LBO) – Sri Lanka’s central bank has killed billions of rupees in excess liquidity ahead of a flood of new cash into the interbank money markets from a reserve ratio cut on July 01. Dollar sales by a central bank fails to strengthen an exchange rate and further weakens a currency peg […]
Sri Lanka flights to be resumed through AirAsia X: report
June 30, 2013 (LBO) – AirAsia, a Malaysia based budget carrier, is planning to resume flights to Sri Lanka’s capital Colombo through its long-haul unit, a media report said.AirAsia is planning a joint venture with India’s TATA group.Earlier this month it ended a joint venture in Japan over differences with its partners taking back the […]
Cricket: Gayle steers West Indies to victory over Sri Lanka
KINGSTON, June 28, 2013 (AFP) – Chris Gayle notched his first one-day hundred against Sri Lanka as he led West Indies to a crushing six-wicket victory with more than 12 overs to spare in the opening match of the three-nation international series at Sabina Park on Friday.Replying to the visitors’ modest total of 208 all […]
Sri Lanka man dies of heart attack after shocking electric bill
COLOMBO, June 29, 2013 (AFP) – A Sri Lankan man suffered a fatal heart attack after being presented with a shocking electricity bill, a media report said Saturday.The 61-year-old victim had protested at the Ceylon Electricity Board in Colombo Friday that his bill had suddenly spiked, the Ceylon Today newspaper said. It said the man […]
British PM backs Taliban peace talks on Afghan visit
KABUL, June 29, 2013 (AFP) – British Prime Minister David Cameron made an unannounced visit to Afghanistan on Saturday, backing talks with the Taliban after his top general said the West missed a chance to strike a peace deal 10 years ago. “The attack that was organised near the presidential palace will not deter us […]
More Domains
SAN FRANCISCO, June 29, 2013 (AFP) – The agency in charge of website addresses passed a major milestone Friday on the path to broadening the world of domain names by the end of this year.The first new website address endings should be available in the final quarter of this year, according to Namazi. The revamped […]
Sri Lanka says improving economic statistics
June 28, 2013 (LBO) – Sri Lanka is improving methods of compiling economic statistics but it was ‘grossly groundless’ to suggest that inflation is understated and gross domestic product overstated, the Central Bank said. The full statement is reproduced below:- A Clarification on Certain Media Reports on the Credibility of Statistics Published in the Central […]
Sri Lanka stock market opening delayed over IT issue
June 28, 2013 (LBO) – Sri Lanka’s stock market trading is halted until a problem with client accounts in its automated trading system is resolved, the Colombo Stock Exchange said Friday. “We have found that a mismatch has arisen in certain client balances displayed on the Automated Trading System (ATS) during the pre-open session (9.00 […]
Sri Lanka needs human co-existence, institutions: Chamber boss
June 28, 2013 (LBO) – Sri Lanka has tremendous natural advantages to progress but needs human co-existence and better institutions of governance, a business chamber boss has said amidst rising nationalism and deteriorating institutions of liberty. Shah said Sri Lanka also needs to push exports for growth. He replaced Susantha Ratnayake as the head of […]
Sri Lanka inflation up 6.8-pct in June 2013
June 28, 2013 (LBO) – Sri Lanka consumer prices rose 6.8 percent in the 12-months to June 2013, slowing from 7.3 percent in May, but prices rose 1.3 percent during the month, data from the state statistics office showed. The annual rate fall came from a so-called statistical base effect as last June’s inflation also […]
US suspends GSP benefits to Bangladesh over worker safety
WASHINGTON (AFP) – The United States withdrew key trade privileges from Bangladesh Thursday, citing dangerous conditions for workers in the wake of a factory building collapse that killed over 1,100 people. The collapse was by far the worst disaster ever in the global textiles industry, leaving 1,129 people dead and shocking many used to the […]