Author: lbostgadmin
Sri Lanka thermal power generation up
June 20, 2012 (LBO) – Sri Lanka’s thermal power generation had picked up sharply in the first quarter of 2012 with total generation up 8.8 percent from a year earlier while hydro generation fell steeply, official data shows. Total generation rose 8.8 percent to 2,956 GigaWatt hours (millions of units) indicating strong demand in the […]
” apparel plants in former war-zone
June 20, 2012 (LBO) – Sri Lanka’s Timex and Fergasam group, will begin construction of two energy efficient ‘green’ apparel factories in the northeastern Mannar region this month, the state investment promotion agency said. “Sri Lanka has the advantage of having high environmental standards. Already a number of companies that operate under the BOI regime […]
’s Faithful
June 20, 2012 (LBO) – Sri Lanka’s amateur radio operators have renewed their call to be included in communication work during national disasters, after the defence authorities relaxed rules on clearing equipment. “When everything goes down, short wave remains alive,” an enthusiastic Goonetilleke said. Their valuable role was acknowledged by the late Sir Arthur C […]
Sri Lanka tea production down in May
June 20, 2012 (LBO) – Sri Lanka’s tea production fell 8. 4 percent to 30.8 million kilograms in May 2012 from a year earlier, the state tea promotion office said as the country was hit by dry weather. High grown tea fell to 7.36 million kilos from 9.0 kilos, mediums fell to 5.58 million kilos […]
Full Service
June 20, 2012 (LBO) – Sri Lanka’s Logiventures, a unit of conglomerate Hayleys PLC, is expanding its fleet of car carriers to meet the growing demand to transport vehicles being cleared from the southern port of Hambantota. Logiventures is also investing in a vehicle transit facility close to the Hambantota port, to facilitate clearing, inspection […]
Sri Lanka stocks up 0.3-pct
June 20, 2012 (LBO) – Sri Lanka’s stocks extended gains closing up 0.3 percent Wednesday building up from a 1.2 percent recovery a day earlier, brokers said. The benchmark Colombo All Share Index rose 18 points to close at 5,078. 06 points. The Milanka Index of more liquid stocks rose 40 points to close at […]
Sri Lanka to sell $150 mn in debt
June 20, 2012 (LBO) – Sri Lanka’s public debt office is seeking bids to raise 150 million dollars via a bond issue, a public notice said. Those eligible to subscribe include Sri Lankan with dual citizens, foreign nationals and non-resident Sri Lankans, the Public Debt Department of the Central Bank of Sir Lanka said Wednesday. […]
Sri Lanka Treasuries yields up
June 20, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities with 6-month bill picking up the most at Wednesday’s auction, data released by the state debt office showed. The 3-month yield rose 09 basis points to 11. 04 percent, the 6-month yield rose 18 basis points to 12.47 percent and the 12-month yield […]
Sri Lankans are charitable, but within reason
June 19, 2012 (LBO) – Sri Lankans give generously to help the poor, the needy, the religious and their old schools, but fight shy on giving to civil society organisations, a preliminary study showed. However, the long-term potential of these practices – and where they may lead – remains an open question, the researchers noted. […]
Sri Lanka hosts India for one-day, Twenty20 cricket series in July
June 19, 2012 (LBO) – Sri Lanka will host neighbouring India for a one-day series and a Twenty20 cricket match from July, the island’s governing body said. The teams will play five one-day games across in Hambantota, Colombo and Pallekelle. The sole T20 game will be played at Pallekele, Sri Lanka Cricket said Tuesday. The […]
Sri Lanka recall Kulasekera, Perera for first Test
June 19, 2012 (LBO) – Sri Lanka Cricket have recalled fast bowler Nuwan Kulasekera for the first Test against Pakistan that begins on Friday, a statement said. Selectors led by Asantha de Mel also picked allrounder Jeevan Mendis, left-arm fast bowler Chanaka Welegedara and bowler Nuwan Pradeep for the 15-man squad, Sri Lanka Cricket said […]
ICC suspends Pakistani skipper Misbah from Galle Test
June 19, 2012 (LBO) – Pakistani captain Misbah-ul-Haq will miss the first Test against Sri Lanka in Galle, after his side was found guilty of bowling less overs, the International Cricket Council said. In March, Pakistan was also fined for a slow over-rate in the opening ODI of the Asia Cup against Bangladesh in Dhaka. […]