Author: lbostgadmin
Sri Lanka ban on Corex cough remedy temporary: health minister
Oct 19, 2012 (LBO) – A sudden ban on the sale of Corex, a cough syrup originally formulated by the US pharmaceutical firm Pfizer which has brought relief to tens of thousands of sufferers, is temporary, Sri Lanka’s health minister said. The sale of Corex branded medicine variants were banned following the deaths of several […]
‘s Asia Siyake Commodities in rubber broking
Oct 19, 2012 (LBO) – Sri Lanka’s Asia Siyake Commodities, a tea broking firm is buying rubber brokerage connected to some of its directors for 7. 1 million rupees, the firm said in a stock exchange filing. Siyake Produce Brokers (Private) Ltd, has a license issued by Sri Lanka’s Rubber Control Department the statement said. […]
Sri Lanka hotel under Hyatt Regency brand to open in 2014
Oct 19, 2012 (LBO) – Hyatt Hotels Corporation said it had inked a deal to manage a 42-floor hotel in Sri Lanka’s capital Colombo under which will have 474 rooms and 84 serviced apartments, which will open in 2014. Sri Lanka has seen a tourism boom with the end of a 30-year civil war in […]
Sri Lanka Central Bank to sell down Treasury bill stock: Governor
Oct 18, 2012 (LBO) – Sri Lanka’s Central Bank will gradually sell down its Treasury bill stock, as they come up for maturity, Governor Nivard Cabraal said, in a move which can strengthen the island’s rupee peg and increase foreign reserves. A T-bill sell-down will stop the rupees from being given as loans by banks, […]
Sri Lanka war refugee re-settlement backed by the US
Oct 18, 2012 (LBO) – The United States has given 3. 0 million US dollars to three organizations to help re-settle war refugees with sufficient shelter, access to water and sanitation, the US embassy in Colombo said. The money will be used in Mullaitivu and Killinochchi districts in Sri Lanka’s north, by three charities; ZOA […]
Sri Lanka Tamil Tiger leader in charity work
COLOMBO, Oct 17, 2012 (AFP) – The last leader of Sri Lanka’s Tamil Tigers, who is wanted by India over the assassination of former premier Rajiv Gandhi, has been freed from military custody, the defence ministry said Wednesday. Selvarasa Pathmanathan, who was arrested in August 2009, was no longer in detention and was free to […]
Loss Leaders
Oct 18, 2012 (LBO) – Sri Lanka’s state railway system had lost 28.2 billion rupees over the past seven years and 2,689 employees had been hired into the permanent cadre, data tabled in Sri Lanka’s parliament showed. Minister Rohana Dissanaya was responding to questions from legislator Dayasiri Jayasekera had said that Sri Lanka railways had […]
Sri Lanka stocks closed up 0.70 pct
October 18, 2012 (LBO) – Sri Lanka stocks closed up 0.70 percent Thursday with several blue chips making marginal gains. The Colombo All Share Index closed at 5,625.32 up 38.92 points and the S & P SL 20 Index closed 11.67 points higher at 3,029.00 up 0.39 percent. Turnover was 621 million rupees. JKH led […]
Sri Lanka power plant to use up to 700,000 tonnes of coal a year
Oct 17, 2012 (LBO) – Sri Lanka will use between 650,000 to 700,000 metric tonnes of coal a year for its first 300 MegaWatt coal power plant when it is in full operation, power minister Champika Ranawaka has said. The firm had supplied 362,682 tonnes in the period. Jayasekera then said Holcim’s bid was higher […]
Visa Fraud
Oct 17, 2012 (LBO) – The United Kingdom has not endorsed any agent in Sri Lanka to help with visa applications and applicants who submit false documents will face a 10-year travel ban and action by domestic authorities, the UK High Commission in Colombo has said. “We welcome genuine visitors, students and workers to the […]
Sri Lanka state airline in Golf tourism push
Oct 17, 2012 (LBO) – SriLankan Golf Classic, a three day event with 130 international participants will kick off on October 19, as part of the state-run SriLankan Airlines to boost the island’s image as a sports destination, officials said. “Many countries in the Far East and South Asia have identified the potential in Sports […]
Platform Upgrade
Oct 17, 2012 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said its e-banking platform had been upgrade to be more user-friendly, give customers more control and better security features had been added. “e-Banking continues to grow in significance to customers of Commercial Bank,¦” Palitha Perera assistant general manager operations of Commercial Bank said in […]