Author: lbostgadmin
Sri Lanka gets new envoy from India
June 18, 2013 (LBO) – Yashvardhan Kumar Sinha, a 32 year veteran in India’s foreign ministry will be the new envoy to Colombo, the Indian High Commission (embassy) in Colombo said.Before coming to Sri Lanka, he was Additional Secretary in the Pakistan-Afghanistan-Iran division at the Ministry of External Affairs, New Delhi. Sinha had arrived in […]
Cricket: Sri Lanka oust Aussies to qualify for semis
LONDON, June 17, 2013 (AFP) – Sri Lanka reached the Champions Trophy semi-finals with a 20-run victory over holders Australia in the last league match at the Oval in London on Monday.The Sri Lankans, who needed a win to stay in the competition, relied on aggressive half-centuries from Mahela Jayawardene and Lahiru Thirimanne to score […]
easyJet to buy 135 Airbus A320 planes for almost $12bn
LONDON, June 18, 2013 (AFP) – British no-frills airline easyJet on Tuesday announced a deal to purchase 135 Airbus single-aisle A320 passenger planes, including 100 new generation neo aircraft for $11.9 billion (8.9 billion euros), after agreeing sizeable discounts. “Ultimately, Airbus offered us the best deal, and at a price with a greater discount to […]
Boeing launches new Dreamliner with over 100 orders
LE BOURGET, June 18, 2013 (AFP) – Boeing launched a bigger version of its next-generation Dreamliner plane at the Paris Air Show on Tuesday with over 100 orders and a clear message — after a run of technical blows, the US firm is back on track.NAC has a fleet of slightly more than 100 ATR […]
Health Care
June 18, 2013 (LBO) – Sri Lanka’s Hemas group, which has interests in consumer goods, power, leisure and healthcare, opened a 1.3 billion rupee 60 bed hospital in a fast growing suburb of the capital Colombo. Hemas also has hospitals in Sri Lanka™s Wattala and Galle towns. “We decided on Thalawatugoda as the location following […]
Term Funds
June 18, 2013 (LBO) – Sri Lanka’s National Development Bank Plc said it had got 24 million US dollars through a 10-year loan from the International Finance Corporation, a multilateral lender which will be used to finance small businesses. “IFC’s investment brings the required long-term financing which will help NDB to promote the much needed […]
Sri Lanka stocks close down 0.4-pct
June 18, 2013 (LBO) – Sri Lanka’s stocks closed down at 0.42 percent on Tuesday, continuing its downward trend with investors taking profits and index heavy stocks continuing to drop, brokers said. The benchmark Colombo All Share Index closed 26.11 points lower at 6,193.00 and the S&P SL 20 Index closed 0.33 points higher at […]
Sri Lanka growth to be on track: CB Governor
June 17, 2013 (LBO) – Sri Lanka is expecting 7.5 percent growth this year despite a slowdown in exports, and adverse weather hitting fisheries, Central Bank Governor Nivard Cabraal said. The hotel sector as doing well and lots of investments were taking place, he said in addition to other areas like remittances, which were also […]
Sri Lanka promises fast-track investment approvals from July 01
June 17, 2013 (LBO) – Sri Lanka’s investment promotion ministry said a new fast-track unit will be opened from July 01, to give approvals for projects within three months.Investment promotions minister Lakshman Yapa Abeywardene expects the procedure to provide all necessarily approvals, within three months, the statement said. The Board of Investment of Sri Lanka […]
Sri Lanka vows polls in ex-war zone but clips council powers
OLOMBO, June 16, 2013 (AFP) – Sri Lanka’s President Mahinda Rajapakse pledged Sunday to proceed with the first-ever provincial polls in the island’s former war zone but his government said the powers of the elected council will be clipped.The councils were established in line with an agreement with neighbouring India, which promised to rein in […]
Cricket: Hard for Warner to retain Test spot – Clarke
SYDNEY, June 17, 2013 (AFP) – Captain Michael Clarke says it will be difficult for errant batsman David Warner to hold his place in the Australian side for next month’s first Ashes Test after his bar room punch-up with England’s Joe Root. Writing in Sydney’s Daily Telegraph on Monday, he said Warner’s actions were an […]
Education Dialogue
June 17, 2013 (LBO) – International and regional educators will come together in Colombo to debate international higher education issues at a first in a series of global forum, the British council said. Each policy dialogue features the latest thinking in its area with new research and input from the government and industry leaders. Global […]