Author: lbostgadmin
”’ seminar skipped by key nations
May 30, 2011 (AFP) – Sri Lanka is to hold an international seminar starting Tuesday to share lessons on its bloody defeat of Tamil rebels, but major nations have declined to send delegations amid war crime allegations. The island’s government said the massive military offensive that finally defeated the Tamil Tigers two years ago was […]
Sri Lanka rubber plantation profits up
May 30, 2011 (LBO) – Sri Lanka’s Kegalle Plantations, which gets most of its revenues from rubber, said profits rose 14 percent to 270 million rupees with revenues growing 30 percent to 900 million rupees. Tea is a most labour intensive crop compared with rubber or coconut. The firm was charged 197 million rupees in […]
Sri Lanka CIC agro firm annual net up 58-pct
May 30, 2011 (LBO) – Sri Lanka’s CIC Holdings group said net profit for the financial year to March 2011 rose 58 percent to 929 million rupees from a year ago driven mainly by its agriculture and livestock business. Sales rose 27 percent to 21 billion rupees, the company said in a stock exchange filing. […]
Shipping Costs
May 30, 2011 (LBO) – Sri Lanka’s Mercantile Shipping lost 38 million rupees in the March 2011 quarter through revenues rose 22 percent to 197 million rupees, according to interim accounts. Last year Mercantile Shipping warned shareholders that despite taking delivery of new vessels international charter rates were depressed in the near term. For the […]
Maritime Links
May 30, 2011 (LBO) – A passenger vessel that can carry up to 1,044 people is to be used to launch a transport service between Sri Lanka’s Colombo port and the south Indian harbour of Tuticorin. The ‘Scotia Princess’ ferry will initially do two voyages a week, said Classic Travels, a subsidiary of Expolanka Holdings, […]
Sri Lanka shares becalmed
May 30, 2011 (LBO) – Sri Lankan shares ended flat Monday with active trade in newly listed The Multi Finance Company and Capital Development and Investment Company, brokers said. Singer Sri Lanka went up 16.30 rupees or 14.19 percent to end at 131.2 rupees. There were three crossings of a total of 530,000 shares all […]
” rise: report
May 29, 2011 (LBO) – Protests against a controversial attempt by the state to grab long term control of private sector workers’ retirement funds and deduct more money from their salaries are rising. The Sunday Times newspaper said more than 10,000 workers from Sri Lanka’s export processing zones took part in protests last week. Workers […]
Hundred heroes Cook and Trott punish Lankans
CARDIFF, May 28, 2011 (AFP) – Alastair Cook and Jonathan Trott both made centuries against Sri Lanka in the first Test here on Saturday as they carried on from where they left off in Australia. Cook was 129 not out and Trott 125 not as England closed on 287 for two in reply to Sri […]
‘s pilgrim trail: a godsend for hotel chains
MUMBAI, May 29, 2011 (AFP) – India’s pilgrimage centres are fast becoming hot-spots for hotel chains, as both domestic and international groups look to plug a gap in the market for quality accommodation. Devotees flocking to so-called “temple towns” such as Shirdi in western Maharashtra state, the Sikh holy city of Amritsar in Punjab and […]
‘t want to give up IMF power: India
NEW DELHI, May 28, 2011 (AFP) – India’s prime minister Saturday said there appeared little hope that an emerging nation candidate would be chosen to head up the International Monetary Fund in the current contest. The Indian premier’s comments came a day after France announced that the country’s finance minister Christine Lagarde would visit India […]
Nano Effort
May 29, 2011 (AFP) – India’s Tata Nano, billed as the world’s cheapest car, began its first export sales Sunday by entering the Sri Lankan market — but with a price tag nearly three times what it is at home. Sri Lanka reduced car duties by almost half in June last year, but then raised […]
Anderson unable to bowl again in Sri Lanka opener
CARDIFF, May 28, 2011 (AFP) – England’s James Anderson will be unable to bowl again in the remainder of the first Test against Sri Lanka, a team spokesman said Saturday. And the 28-year-old Lancashire seamer is also now doubtful for the second of this three-Test series starting at Lord’s this coming Friday. Ashes hero Anderson […]