Author: lbostgadmin
Sri Lanka hopes to earn more than $6 mn from cricket T20 premier league
August 02, 2012 (LBO) – Sri Lanka Cricket tips the island will earn in excess of six million dollars from its inaugural Twnety20 premier league from professional fees, sponsorships and hotel accommodation. The Sri Lanka Premier League runs from August 10-31 and will be played at Colombo’s R. Premadasa Stadium and Kandy’s Pallekele Stadium. The […]
’s John Keells, Phoenix Ventures floats local air taxi service
August 02, 2012 (LBO) – Sri Lanka’s John Keells Holding PLC has joined with Phoenix Ventures Limited to start a 6.8 million dollar domestic air taxi service, a statement said. Saffron Aviation (Pvt) Ltd, will be a 8.4 million dollar project becoming the second such air taxi operator after national carrier SriLankan Airlines. The start-up […]
Urban Dwelling
Aug 02, 2012 (LBO) – Sri Lanka is set to begin work on the second stage of a housing project to relocate Colombo’s shanty dwellers in a bid to improve living standards and transform the congested Slave Island area to a modern residential and commercial zone, officials said. Housing units starting from a minimum five […]
Financial Intelligence
August 02, 2012 (LBO) – The Financial Intelligence Unit (FIU) of Sri Lanka’s Central Bank has signed a Memoranda of Understanding (MOU) with FIUs of Mongolia, Russia, Saudi Arabia, and the United States, the bank releasing a statement said. Under the MOU the countries will share financial information to facilitate the investigation and prosecution of […]
Sri Lanka stocks up 0.31 pct
August 02, 2012 (LBO) – Sri Lankan stocks closed flat Thursday after about an hour of spike triggered by investor confidence that credit rules would be reconsidered by treasury secretary P.B Jayasundara. The Colombo Stock Brokers Association has met treasury secretary P.B. Jayasundara and discussed ways to revive the bourse and better manage risks, and […]
’’s Choice award
August 1, 2012 (LBO) – Sri Lankan cricketer Kumar Sangakkara is among the five international stars nominated for this year’s people’s choice award, the International Cricket Council said. Fans can decide on the winner by unity to decide the winner, by accessing an application: ICC’s official Facebook page Voting will be open until midnight UAE […]
Longer Horizon
August 01, 2012 (LBO) – Sri Lanka’s newest mutual fund operator, Orient Wealth Limited plans to raise about a billion rupees by attracting customers to invest in pension, children’s education and general investment products, officials said. Sri Lanka’s stock market is down by almost 19 percent since January, largely due to lack of credit while […]
‘s inflation accelerates to 9.8-pct in July
July 31, 2012 (LBO) – Sri Lanka’s consumer prices accelerated to a 15-month high of 9.8 percent in July from a year earlier, as prevailing dry weather hurt food crops, official statistics data showed. Inflation as measured by the Colombo Consumer Price Index rose 0.9 percent during the month of July to 166.7 points, the […]
Sri Lanka briefs diplomats on LLRC action plan
July 31, 2012 (LBO) – Sri Lanka Tuesday briefed diplomats on the implementation of recommendations of a post war commission that looked into the root causes of the island’s ethnic conflict, ahead of a key UN human rights review later this year. External Affairs minister G.L. Peiris and secretary to the president Lalith Weeratunga has […]
Ex-ICC chief Haroon Lorgat in advisory role for Sri Lanka Cricket
July 31, 2012 (LBO) – Sri Lanka Cricket has appointed ICC’s former chief executive, Haroon Lorgat, as a special advisor to help the governing body overhaul its domestic cricket structure and improve the game’s administration. Lorgat, who stepped down as ICC CEO after a four-year spell at the end of June, will work with Sri […]
Tight Security
July 31, 2012 (LBO) — Check Point Software Technologies Limited, the world’s second-largest security networks maker, launched a new range of appliances to beef up security in Sri Lankan companies. œThe seven new appliances announced are optimised for Check Point’s Software Blade Architecture and offer approximately three times higher performance than their predecessors, Check Point’s […]
Sri Lanka stocks up 0.19%; Odel dominates trading
July 31, 2012 (LBO) – Sri Lankan stocks was flat on Tuesday, with a turnover of over a billion rupees driven by strategic deals in conglomerate John Keells Holdings PLC and clothing retailer Odel PLC, brokers said. The broader All Share Price Index closed up 9.35 points to 4,944.86, while the liquid Milanka Price Index […]