Author: lbostgadmin
Sri Lanka to strengthen airline passenger, investor protection
Apr 06, 2011 (LBO) – Sri Lanka plans to introduce consumer protection laws and ratify international conventions that will better protect investors and ensure higher compensation for airline passengers, an official said. The convention safeguards claims of all parties in airline transactions and gives an assurance to investors to invest in the sector, Nimalsiri said. […]
‘s Satya Sai Baba in critical condition: doctors
HYDERABAD, April 5, 2011 (AFP) – One of India’s best-known spiritual leaders, known for his apparent miracles and long list of influential followers, is on life support in hospital, doctors said Tuesday. Satya Sai Baba, 85, who has devotees in more than 100 countries, was admitted to a hospital funded by his organisation in the […]
Scribe Network
WASHINGTON, April 6, 2011 (AFP) – Facebook on Tuesday launched a media resource page to help journalists use the social network as a reporting tool and better connect with their audience. The “Journalists on Facebook” page is intended to be “an ongoing resource for the growing number of reporters using Facebook to find sources, interact […]
Transport Trouble
Apr 06, 2011 (LBO) – Sri Lanka’s supply chain losses are the highest in the region with a poor road network and congestion resulting in transport delays and higher costs, an expert said. Kumarage, a former chairman of the national transport commission, said better transport policies and implementation were required apart from building better roads […]
Sri Lanka shares end lower
Apr 06, 2011 (LBO) – Sri Lankan shares closed lower Wednesday with poultry sector stocks again drawing interest along with a hotel that boosted turnover, brokers said. The All Share Price Index closed at 7,359.90, down 0.14 percent (10.12 points) while the more liquid Milanka index fell 0.37 percent (25.85 points) to close at 6,996.43, […]
Sri Lanka Treasuries yields flat
Apr 06, 2011 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction with six billion rupees of maturing bills being sold to real buyers, the government’s debt office said. The 3-month yield was 6.99, up one basis point, with 2,560 million rupees in bills being sold and the 6-month yield rose one […]
Sri Lanka gets more IMF cash; warned on excess liquidity
Apr 05, 2011 (LBO) – The International Monetary Fund has given Sri Lanka 218. 3 million dollars under its 2.5 billion US dollar program but called on the Central Bank to tighten liquidity management to prevent further inflation. Authorities expect Sri Lanka to generate less inflation after April. Sri Lanka is also expected to change […]
Sri Lanka IMF targets waived due to lack of data: official
Apr 05, 2011 (LBO) – Sri Lanka’s requirement for targets under an International Monetary Fund was “waived” because data was not available in time and not because they were missed, an official said. IMF’s Colombo representative Koshy Mathai said the lender gave the latest tranche despite the data not being available all the indications pointed […]
Half Share
Apr 05, 2011 (LBO) – Sri Lanka’s Laugfs Gas will get 50 percent of the liquefied petroleum gas (LPG) produced by state-run Ceylon Petroleum Corporation, up from an earlier 30 percent on a presidential directive, the company said. The directive followed an April 04 meeting with the President attended by Treasury Secretary P B Jayasundera, […]
Sri Lanka captain Sangakkara quits
April 5, 2011 (AFP) – Sri Lanka’s cricket captain Kumar Sangakkara said on Tuesday he was resigning from the job three days after his team lost to India in the World Cup final. Sangakkara said he told the national selectors that he would quit as one-day and Twenty20 captain with immediate effect, but offered to […]
‘s Muralitharan faces new test for British visa
April 5, 2011 (AFP) – Sri Lanka’s legendary spinner Muttiah Muralitharan is struggling to qualify to play English county cricket this year — because he is scared of computers and examinations. A recent change in Britain’s work visa rules means the world record holder must prove his English language skills at an examination to secure […]
‘s Textured Jersey says raised $15.8mn
Apr 05, 2011 (LBO) – Textured Jersey Lanka, a Hong Kong-Sri Lanka joint venture textile firm said it raised 1.74 billion rupees (15.8 million US dollars) through a private placement of shares ahead of a public offer. The joint venture partners, Hong Kong listed Pacific Textile Holdings and Sri Lanka’s Brandix, a private firm, said […]