Author: lbostgadmin
Marine Risk
July 15, 2011 (LBO) – With pirate attacks on the increase, Sri Lankan shippers have been advised to insure cargo against the risk of piracy off Somalia to minimize losses and delays if a vessel with their shipments is hijacked. Ships hijacked by Somali pirates take a long time to get released, said P Mukundan, […]
Sri Lanka stocks up 0.9-pct
July 15, 2011 (LBO) – Sri Lanka stocks continued the upward momentum for the second straight day with gains by index heavy John Keels Holdings and speculative buying pushing up recently listed financial stocks, brokers said. The main All Share Price Index closed at 6,777. 03, up 0.91 percent (61.36 points) while the more liquid […]
Sri Lanka central bank buys dollars in June
July 15, 2011 (LBO) – Sri Lanka’s central bank has bought 92.5 million US dollars from interbank forex markets in June, ending two months of net selling, official data shows, though newer data points to fresh selling. By June 12, excess liquidity had fallen to 36 billion rupees. Day to day excess liquidity is also […]
Sri Lanka to decide road toll next week
July 14, 2011 (LBO) – Fees for Sri Lanka’s first toll expressway to the south of the island will be decided next week ahead of its opening scheduled for later this month, head of Sri Lanka’s road development authority R W Pemasiri said. Manual collected can result in revenue leakages through various means. According to […]
Sri Lanka bowling star Malinga too hot for Scots
LONDON, July 13, 2011 (AFP) – Sri Lanka fast bowler Lasith Malinga ensured the islanders tour of Britain ended on a winning note as he took five wickets in a 183-run one-day international rout of Scotland here on Wednesday. Beaten in both Test and one-day series by England, the World Cup finalists proved too strong […]
” blasts that kill 21 in Mumbai
MUMBAI, July 14, 2011 (AFP) – Indian investigators Thursday probed triple bomb blasts that killed 21 people in Mumbai, the nation’s commercial capital which is still emerging from the shadows of the deadly 2008 militant attacks. The strongest of the coordinated explosions hit busy districts in the south of the city, the same area targeted […]
‘s inflation hits 9.44% in June
NEW DELHI, July 14, 2011 (AFP) – India’s annual inflation accelerated to 9.44 percent in June, official data showed on Thursday, increasing pressure on the central bank to hike interest rates further. Meanwhile, April’s inflation figure was revised higher to 9.74 percent from a provisional 8.66 percent estimate, according to the data. The rise in […]
Poor intelligence keeps India vulnerable: analysts
NEW DELHI, July 14, 2011 (AFP) – India will remain a soft target for militant attacks until it enforces a radical shift in counter-terror policy that prioritises effective intelligence-gathering, analysts said Thursday. “But India needs to realise that the acquisition of gadgets is not going to compensate for an ill-trained, semi-educated police force. ” Despite […]
Toll Road
July 14, 2011 (LBO) – Fees for Sri Lanka’s first toll expressway to the south of the island will be decided next week ahead of its opening scheduled for later this month, head of Sri Lanka’s road development authority R W Pemasiri said. Manual collected can result in revenue leakages through various means. According to […]
Sri Lanka to revive export show after end of war
July 13, 2011 (LBO) – Sri Lanka is to revive an international export exhibition after 15 years to promote the island’s exports and attract foreign investments after the end of its 30-year ethnic war. The event is being organised by the Export Development Board responsible for promoting exports during March 28 – 30, 2012 at […]
” causes upset
MUMBAI, July 13, 2011 (AFP) – Bollywood superstar Aamir Khan’s new film has been a hit at the box office but has also led to protests and even a court case against its dialogue and content, which critics say is vulgar and offensive. The screwball comedy “Delhi Belly”, starring the actor-producer-director’s nephew Imran Khan, revolves […]
Mobile Momentum
July 13, 2011 (LBO) – Sri Lanka Telecom is to invest five billion rupees in its mobile phone subsidiary for modernisation and expansion, a stock exchange filing said. “This investment will be on a staggered basis and is expected to be made within a period of six months,” SLT said. The investment will be for […]