Author: lbostgadmin
Sri Lanka Balangoda Plantations profit, management fee up sharply
Feb 21, 2011 (LBO) – High commodity prices helped Sri Lanka’s Balangoda Plantations managed by the Stassen group turn a profit in the December 2010 quarter with management fees exceeding profits, its accounts showed. The firm made a December 2010 quarter net profit of 35 million rupees against a loss 105 million rupees the year […]
Margin Growth
Feb 21, 2011 (LBO) – Sri Lanka’s Nations Trust Bank’s (NTB) net profit for the 2010 financial year rose 58 percent to just over a billion rupees from a year ago as interest margins grew, a stock exchange filing said. Diluted earnings per share for the financial year ending December 31, 2010 were 5. 28 […]
Sri Lanka shares fall on profit-taking
Feb 21, 2011(LBO) – Sri Lankan stocks closed 0.72 percent lower Monday on profit-taking by retail investors after a recent rally, brokers said. The All Share Price Index closed at 7,617.19, down 0.72 percent (-55.30 points) while the Milanka Price Index of more liquid stocks closed at 7,239.32, down 0.04 percent (-2.83 points), according to […]
Tragedy-hit Sri Lanka town ready for World Cup baptism
HAMBANTOTA, February 20, 2011 (AFP) – Hambantota, where 3,000 people died in the 2004 tsunami, welcomed the World Cup on Sunday, the latest morale-boosting step for the ambitious Sri Lankan coastal city. The stadium where Sri Lanka were due to tackle Canada is named after president Mahinda Rajapakse, who hopes the facility will go a […]
‘s Sri Lanka clash
HAMBANTOTA, February 20, 2011 (AFP) – Canada coach Pubudu Dassanayake spiced up Sunday’s World Cup clash with Sri Lanka by accusing the hosts of damaging their practice sessions at the new Hambantota stadium. “I wouldn’t have complained because of the occasion. But it happened to us twice and no one bothered to help us,” claimed […]
Sri Lanka make 332-7 against Canada
HAMBANTOTA, February 20, 2011 (AFP) – Sri Lanka made 332-7 off their 50 overs in the World Cup Group A clash against Canada at the new Mahinda Rajapakse Stadium on Sunday. Mahela Jayawardene scored 100 – the fourth fastest century in the history of the tournament – while captain Kumar Sangakkara (92) and Tillakaratne Dilshan […]
Huge security clampdown for World Cup
DHAKA, February 19, 2011 (AFP) – The opening game of the World Cup Saturday sees a huge security operation swing into action designed to prevent any repeat of the deadly 2009 attack on the Sri Lankan team that still haunts the sport. Around 20,000 members of Bangladesh’s elite paramilitary force the Rapid Action Battalion and […]
Sri Lanka coal power plant on full load
Feb 19, 2011 (LBO) – Sri Lanka has run a Chinese built 300 MegaWatt power plant fully on coal with a full load connected to the national power supply on Friday night for the first time as part of its testing regime officials said. The power plant started tests in September initially using diesel and […]
US researchers hopeful for dengue vaccine
SAN JUAN, February 17, 2011 (AFP) – Promising advances have been made in the testing of possible vaccines to prevent the mosquito-borne dengue virus, which kills 25,000 people every year, researchers said Thursday. “There’s been tremendous progress,” he said. “There are a number of vaccines that are now in clinical trials and there’s now very […]
Sri Lanka set to meet budget deficit target: IMF
Feb 18, 2011 (LBO) – Sri Lanka’s government is likely to be able to meet the 2010 target for its budget deficit of eight percent of gross domestic product, a visiting International Monetary Fund official said. Brian Aitken, chief of the IMF review mission, said the island’s economic growth remained strong and there were no […]
Sri Lanka to keep original budget gap despite floods: IMF mission
Feb 18, 2011 (LBO) – Sri Lankan authorities want to keep the budget deficit target of 6. 75 percent of gross domestic product for 2011 despite the additional flood related expenditure, IMF mission chief Brian Aiken said. “Addressing the impact of the floods may require some re-allocation of budget resources, but the authorities felt that […]
Tough to axe Sri Lanka team-mates, says de Silva
NEW DELHI, February 18, 2011 (AFP) – Sri Lanka’s chief selector Aravinda de Silva has spoken of his tough decision in omitting fellow 1996 World Cup winners Sanath Jayasuriya and Chaminda Vaas from the squad. De Silva scored 107 not out and took 3-42 as Sri Lanka beat Australia by seven wickets in the 1996 […]