Author: lbostgadmin
Sri Lanka shares end weaker
Apr 05, 2011 (LBO) – Sri Lankan shares closed marginally lower Tuesday with interest in poultry stocks and the finance sector, brokers said. The All Share Price Index closed at 7,370.02, down 0.04 percent (3.12 points) while the more liquid Milanka index fell 0. 15 percent (10.44 points) to close at 7,022.28, according to stock […]
Sri Lanka dam safety confab gets Dutch expertise
Apr 04, 2011 (LBO) – A Dutch expert will lead an annual forum on disaster risk organized by LirneAsia, a regional policy research body that has been active on improving dam safety policies in Sri Lanka which is an island dotted with thousands of reservoirs. LirneAsia says Sri Lanka has 12,000 small dams and 350 […]
Euro up amid eurozone rate hike expectations
SINGAPORE, April 4, 2011 (AFP) – The euro strengthened against the dollar in Asia on Monday as investors moved into the single currency before an expected interest rate hike by the region’s central bank, analysts said. The euro bought $1.4227 in afternoon Asian trade, up from . 4225 late Friday in New York. It changed […]
Sri Lanka university incentives not limited for foreign parties: official
Apr 04, 2011 (LBO) – Incentives given for new private universities will be open to all qualified parties and is not limited to foreign universities, Sri Lanka’s higher education ministry secretary Sunil Nawaratne said. “If you are not in the government you are eligible,” Nawaratne told a forum of state and private educators called together […]
Sri Lanka spin beats Murali
Apr 04, 2011 (LBO) – Ace spinner Muttiah Muralitharan may have retired with Sri Lanka’s latest World Cup defeat, but a local television star showed much promise as an even better “spinner” when the dejected national team returned Sunday. In high-flown Sinhala, the young television presenter anchoring the coverage of the team’s return, said Sri […]
Sri Lanka domestic airline operators to get own terminal
Apr 04, 2011 (LBO) – Sri Lanka plans to have a separate terminal for domestic airline operators at its international airport in Katunayake, north of Colombo, an airports official said. Johanne Jayaratne, executive director of Airports and Aviation Services (Sri Lanka), a state agency which operates airports, said a building previously used for catering services […]
SLIM Chief
Apr 04, 2011 (LBO) – Sri Lanka Institute of Marketing said Thushara Perera, head of marketing at TV Derana, a television channel, had become the president of the body. He was vice president of SLIM last year. Perera began his career in the advertising industry at Thompson Associates Pvt Ltd, an agency and joined Swarnawahini, […]
Logistics Leader
Apr 04, 2011 (LBO) – Sri Lanka’s Hayleys group has appointed Ruwan Waidyaratne as managing director of Hayleys Advantis, a subsidiary encompassing group companies in transportation and cargo logistics. The transportation division of Hayleys consists of more than 22 specialist companies. Waidyaratne succeeded M O Raban, who retired from the position on April 01 and […]
Sri Lanka shares becalmed
Apr 04, 2011 (LBO) – Sri Lankan shares closed barely changed Monday with an information technology company heavily traded although turnover was comparatively lower than usual, brokers said. The All Share Price Index closed at 7,373.14, down 0.06 percent (4.08 points) while the more liquid Milanka index rose 0. 12 percent (8.09 points) to close […]
Sri Lanka foreign reserves steady
Apr 04, 2011 (LBO) – Sri Lanka’s foreign reserves were flat at 6. 7 billion US dollars in February 2011, helped by a 200 million dollar injection form the International Monetary Fund, though reserves measured in months of imports have fallen slightly. By February reserves measured in terms of imports had come down to 5.8 […]
India deserved to win, says Sangakkara
MUMBAI, April 2, 2011 (AFP) – Sri Lanka captain Kumar Sangakkara said his team were disappointed at missing out on a second World Cup title but proud to go down to a team that deserved victory more. “I am very proud of everyone in the team, especially Mahela (Jayawardene) who rose up to the occasion […]
India win launches billion-person party
MUMBAI, April 2, 2011 (AFP) – A billion Indians launched the world’s biggest party Saturday, as their adored national team lifted the cricket World Cup, triggering celebrations and firework displays across the country. From the megacities of Mumbai, Kolkata and New Delhi to India’s rural heartland, where entire villages had gathered around television sets to […]