Author: lbostgadmin
Sri Lanka CPC to end cut-priced fuel to power utility
Mar 21, 2011 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation will end the sale of subsidized fuel to Ceylon Electricity Board (CEB), a state power utility, a report said, amid a controversy over the financial performance of the two entities. The usual excuse has been that they are doing a ‘service’. Meanwhile state energy […]
‘s access to electricity
Mar 21, 2011 (LBO) – Sri Lanka has been included in programme to promote greater access to clean energy for poor rural women in South Asia funded by the Asian Development Bank (ADB) and the government of Japan. “This project will support the mainstreaming of gender-related concerns and approaches in a sector which has largely […]
Sri Lanka A320 flight simulator targets regional business
Mar 21, 2011 (LBO) – State-run SriLankan Airlines said had teamed up with Nederland-based SIM Industries to offer flight simulator services on Airbus A320 aircraft to the growing Indian subcontinent market. “The A320 family of aircraft is favoured for mid-range routes among airlines worldwide, including those in the rapidly growing airline industry of the Indian […]
Tea Help
Mar 21, 2011 (LBO) – Sri Lanka’s tea exporters have given three million tea bags to the people hit by a tsunami and earthquake in Japan. Chairman of Sri Lanka’s tea exporter’s association Jayantha Keragala had handed over the tea to President Mahinda Rajapaksa to be sent to Japan, a statement from the president’s office […]
Sri Lanka has space to increase tuna catch: IOTC chief
Mar 21, 2011 (LBO) – Sri Lanka can increase its catch but within the framework of the Indian Ocean Tuna Commission (IOTC) in which competing interests will have to make trade-offs, the head of the regional fisheries body said. Rondolph Payet, chairman of IOTC, said a proposal by the Seychelles on tuna quotas at the […]
Debt Rating
Mar 21, 2011 (LBO) – Fitch Ratings Lanka has assigned Senkadagala Finance Company’s (SFC) proposed senior unsecured redeemable listed debentures of up to a billion rupees a ‘BBB+(lka)’ rating. The company was established in 1968 by the Balasuriya family, who owns 90 percent of SFC’s equity. The agency has simultaneously confirmed SFC’s National Long-Term rating […]
Radiation Check
Mar 21, 2011 (LBO) – The Sri Lanka Ports Authority (SLPA) said it is using scanners installed under an American counter-terrorism initiative to scan cargo from Japan at Colombo port for radiation. The scanners can detect radioactive materials inside containers. The Colombo port scanning was prompted by the release of radiation into the atmosphere from […]
Sri Lanka shares close down 0.40-pct
Mar 21, 2011 (LBO) – Sri Lankan shares sank again Monday, extending Friday’s losses in choppy trade, with a large private deal in Central Finance, which was among top gainers, boosting turnover, brokers said. The All Share Price Index closed at 7,156. 33, down 0.40 percent (28.61 points) while the more liquid Milanka index fell […]
” energy subsidies end up in national debt
Mar 20, 2011 (LBO) – Several years of accumulated ‘off-budget’ energy subsidies have now come home to roost in the Sri Lanka’s national debt, laying bare a tangled web of state energy price manipulation and budgeting. Sri Lanka’s Treasury, the agency that collects taxes from the people and also issues debt against future taxes collectable […]
Pakistan end Australia record run, Bangladesh crash
NEW DELHI, March 19, 2011 (AFP) – Pakistan ended defending champions Australia’s 34-match unbeaten World Cup run on Saturday while hapless Bangladesh crashed out in a humiliating rout at the hands of South Africa. On the day that India, England and, barring a mathematical miracle, West Indies completed the quarter-final line-up, Pakistan beat Australia by […]
Yuvraj hits ton but India fail to capitalise
CHENNAI, March 20, 2011 (AFP) – Yuvraj Singh’s maiden World Cup century was the cornerstone of India’s 268 all out against the West Indies on Sunday but the host nation lost their last six wickets for just 36 runs. Fast bowler Ravi Rampaul marked his World Cup debut with a career-best five for 51 which […]
Gambling Trend
DANANG, March 20, 2011 (AFP) – The gambler leans back comfortably in his chair at a card table inside Vietnam’s new Crown casino, waiting for his female companion to fetch more cash. At Asia’s casinos, the money just keeps on coming. Analysts say the region’s increasing wealth is funding a gambling boom that saw Macau […]