Author: lbostgadmin
Sri Lanka stocks close down 0.6 pct
May 27, 2013 (LBO) – Sri Lanka’s stock closed down 0.65 percent on Monday with profit taking by retail investors, brokers said. The benchmark Colombo All Share Index closed 42. 31 points lower at 6,446.54 and the S&P SL 20 Index closed down 24.13 points at 3,641.91 down 0.06 percent. Turnover was 696 million rupees, […]
Sri Lanka state, SOE, bank borrowings top Rs100bn in March
May 26, 2013 (LBO) – Bank credit to Sri Lanka’s state enterprises and central government surged to 100.6 billion rupees in March 2013 from 36.7 billion a month earlier, official data shows, perhaps the highest ever in a single month.But the broader public sector deficit with loss making energy enterprises was 8.6 percent of GDP […]
Sri Lanka monk dies after self-immolation
May 25, 2013 (AFP) – A Sri Lankan Buddhist monk died Saturday of severe burns a day after setting himself on fire to protest the slaughter of cattle, an official said.Bowatte Indaratna, 30, succumbed to his injuries at the National Hospital in Colombo where he was rushed Friday after his self-immolation bid in front of […]
‘s last rites spark Sri Lanka protest
COLOMBO, May 26, 2013 (AFP) – About 200 Sri Lankan Buddhists blocked traffic in the capital Colombo on Sunday to protest after authorities rejected a state funeral for the country’s first ever monk to self-immolate.More than 110 Tibetan Buddhists have set themselves ablaze since 2009 to protest China’s rule of the Tibetan plateau, rights groups […]
‘s top producer
May 25, 2013 (LBO) – Ceylon Tea is being promoted in China giving a chance for citizens in that country to enjoy the beverage, though freely consuming foreign tea is a liberty that citizens of the island no longer posses. Sri Lanka’s consulate in Shanghai had also had a launched a promotional campaign on tea. […]
China offered to make Sri Lanka coal plant an IPP: minister
May 26, 2013 (LBO) – China offered to make a 300 MegaWatt coal fired power plant, which has been hit by a series of shutdowns, an independent power producer (IPP), a government minister said.Power sector officials have said that the frequent ‘breakdowns’ were partly due to the relative inexperience of engineers operating the plant as […]
Sri Lanka monk fights for life after immolation bid
May 25, 2013 (AFP) – A Sri Lankan monk was fighting for his life Saturday, a day after setting himself on fire to protest the slaughter of cattle, an official said. Bowatte Indaratna, 30, was flown to the main National Hospital in Colombo from the pilgrim town of Kandy where he doused himself with gasoline […]
Digital Demand
May 25, 2013 (LBO) – Sri Lanka’s demand for computers and peripherals will grow due to greater consumption of information and economic activity and investments pick up after the end of a 30-year war, officials at US-based Hewlett Packard said.The OfficeJet Pro X series come at a price tag of between 30,000 to 80,000 rupees. […]
Sri Lankans arrested over human smuggling in Britain, France: Europol
THE HAGUE, 2013 (AFP) – Europol on Wednesday said 18 people, mostly Sri Lankans, were arrested in joint police raids in Britain and France on suspicion of being part of a human trafficking ring that smuggled South Asian immigrants into Britain. “During the joint operation, 11 suspects were arrested in the UK and seven in […]
Sri Lanka economic forum to discuss “re-balancing”: Ceylon Chamber
May 24, 2013 (LBO) – An economic policy forum in July aims to focus attention on critical areas of the economy that need more attention of policy makers, Sri Lanka’s Ceylon Chamber said.There had already been a focus on infrastructure development, north-east reconstruction, development of the less developed regions, and priority on agriculture and food […]
Sri Lanka monk attempts to self-immolate: police
May 24, 2013 (AFP) – A Sri Lankan monk set himself on fire on Friday to protest the slaughter of cattle, in the country’s first attempt at self-immolation by a monk, police said.More than 110 Tibetans have set themselves alight since 2009, with most dying of their injuries, in demonstrations against what they view as […]
Emirates ups flights to Sri Lanka
May 24, 2013 (LBO) – Dubai-based Emirates Airlines said it is increasing frequencies to Sri Lanka’s capital Colombo by three a week to 31, to cope with rising demand. “The demand for seats on the Colombo Dubai sector is increasing, and these additional flights will enable more UK and USA bound passengers to connect with […]