Author: lbostgadmin
Sri Lanka authorities watch gold import surge
June 14, 2013 (LBO) – Sri Lanka has seen a surge in gold imports in the second quarter of 2013 and is being watched by authorities, Central Bank Governor Nivard Cabraal said.“We have seen a activity in the gold market.People are importing gold,” Central Bank Governor Nivard Cabraal said. “From the second quarter it has […]
Sri Lanka to ban foreign investments in to steel, cement, retail trade
June 13, 2013 (LBO) – Sri Lanka plans to ban foreign investments into steel, cement, retail trade, small scale agriculture and beauty care products, to ‘protect’ domestic investors, according to decision by the cabinet of ministers.Cabinet spokesman Keheliya Rambukwelle said relevant regulations would be made known later. He said existing investors in the sectors will […]
Cricket: Warner facing uncertain future after Root attack
BIRMINGHAM, June 12, 2013 (AFP) – David Warner’s future as a member of the Australia tour party in England was in the balance following his bar-room attack on England’s Joe Root. Warner struggled against England, scoring only nine runs in 21 balls. He also failed to score in warm-up games against India and West Indies. […]
Sri Lanka processing large property projects
June 13, 2013 (LBO) – Sri Lanka is processing several large mixed development projects in the capital Colombo including two which may be over 500 million US dollars, investment promotion minister Lakshman Abeywardena said.BOI chairman Lakshman Jayaweera said the agency was expediting approvals and helping get clearances for investors with other line ministries and agencies. […]
Networking Link
June 13, 2013 (LBO) – Business and Professional Women International, an organization spread across 125 countries will be holding a conference in Sri Lanka in August to promote joint ventures trade and ecotourism, organizers said.The conference will be held from August 10 to 12 in Colombo with the support of the parent organization which is […]
Banking Forum
June 13, 2013 (LBO) – A forum for chief financial offers will kick off Thursday evening on opportunities, strategies and challenges with respect to the future growth of Sri Lanka’s banking sector. Senior bankers and a senior representative from Central Bank will take part in panel discussion on the above areas and other key challenges. […]
Transit Loss
June 12, 2013 (LBO) – Sri Lanka’s vehicle importers have been badly hit by a sharp increase in theft of parts in vehicles imported via Hambantota port and security has been tightened, officials said.“Our members frequently complain to us that there is a strong increase in the stealing of vehicle parts especially in the past […]
Sri Lanka stocks down 1.2-pct, rupee weaker
June 13, 2013 (LBO) – Sri Lanka’s stocks closed down 1.22 percent on Thursday for third straight day and the rupee closed lower touching 128 to the dollar, amid turmoil in global markets, dealers and brokers said. Distilleries Company lost 60 cents to close at 194.40 rupees, The Lion Brewery closed at 385.00 down 50 […]
Sri Lanka sells 20-year bonds at 12.15-pct
June 13, 2013 (LBO) – Sri Lanka has sold 20-year rupee denominated bonds to yield 12.15 percent and 30-year bonds to yield 12.50 percent, the state debt office said. . At the first 30-year bond auction last month 30-year bonds were also sold at 12.50 percent. The debt office sold 8.0 billion rupees in 20 […]
Sri Lanka power generation positive in March
June 12, 2013 (LBO) – Sri Lanka’s power generation rose 02 percent in March 2013 to 1,057 GigaWatt hours (millions of units) from a year earlier, recovering from a slump in February official data showed.In February 2013 power generation fell 1.4 percent to 913 GWh from a year earlier. In February 2012, Sri Lanka raised […]
‘s Cinnamon Air to fly from end June
June 12, 2013 (LBO) – Sri Lanka’s Cinnamon Air, a domestic carrier operating Cessna 208 amphibians said will begin scheduled flight to the South of the island and Kandy in the central hills from the end of June. Daily flights to Koggala and Dickwelle will be from Dandugama Oya waterdrome which is 10 minutes away […]
Big Brother
WASHINGTON, June 12, 2013 (AFP) – A fierce debate about Internet privacy and the limits of US executive power erupted on Tuesday, in a victory for the young intelligence technician at the center of a global leak storm. While Democratic Senator Dianne Feinstein, the head of the Senate intelligence committee, branded the leak an “act […]