Author: lbostgadmin
Sri Lanka inflation 6.8-pct in January
Jan 31, 2011 (LBO) – Sri Lanka’s inflation in January 2011 rose 6. 8 percent from a year ago after rising 6.9 percent in December 2010, the central bank said. Prices rose 1.3 percent during January 2011 with the index rising 231. 2 in the month, it said in a statement. The seasonally adjusted, moving […]
Sri Lanka news website offices torched
January 31, 2011 (AFP) – Unidentified attackers in the Sri Lankan capital Colombo set ablaze the offices of an anti-establishment news website on Monday. The lankaenews.com premises were torched in a pre-dawn attack but there were no reports of casualties, a police officer at the scene told AFP. Monday’s attack appeared similar to the July […]
Tech Focus
Jan 31, 2011 (LBO) – Sri Lanka’s dominant mobile phone operator Dialog Axiata has set up a fully-owned subsidiary to handle information technology-enabled services, according to a company statement. Dialog said in a stock exchange filing the new unit is called Dialog Business Services and will carry out IT-enabled services. The subsidiary DBS is dormant […]
Sri Lanka Watawala December quarter profit up marginally
Jan 31, 2011 (LBO) – Sri Lanka Watawala Plantations December 2010 quarter profit rose three percent to 189 million rupees from a year ago with group sales stagnant at 1. 7 billion rupees, a stock exchange filing said. Earnings per share for the company, a unit of India’s Tata Tea group, were 0. 80 rupees […]
Different Roads
Jan 31, 2011 (LBO) – Sri Lanka’s People’s Merchant Bank will not take over the assets and liabilities of a finance company whose shares it has acquired but will keep it separate and list in the stock market. PMB, a listed company said in a stock exchange filing that the decision was taken following instructions […]
Sri Lanka shares end down 0.2-pct
Jan 31, 2011(LBO) – Sri Lankan stocks closed down Monday dragged lower by index heavy stocks and some stocks in the banking sector, brokers said. The All Share Price Index closed at 7,174. 87, down 0.24 percent (17.62 points) while the Milanka Price Index of more liquid stocks closed at 7,134. 27, down 0.43 percent […]
ICC rejects Eden Gardens World Cup plea
NEW DELHI, January 29, 2011 (AFP) – The International Cricket Council on Saturday rejected a request to keep Eden Gardens in Kolkata as the venue for next month’s World Cup clash between India and England. The ICC sparked a logistical nightmare for organisers on Thursday by asking for an alternative stadium for the February 27 […]
Sri Lanka rural power gets ADB financing
Jan 29, 2011 (LBO) – Sri Lanka’s power utility will get a 120 million US dollars loan from the Asian Development Bank to expand its distribution network to rural areas which are not served by the grid, the lender has said. The government will put in 42 million US dollars for the project which will […]
” during World Cup
DHAKA, January 30, 2011 (AFP) – The mayor of Chittagong city in southern Bangladesh said Sunday that he would pay hundreds of beggars a daily wage to keep them off the streets during the cricket World Cup. Manzur Alam said that about 300 disabled beggars would be given 150 taka (two dollars) a day after […]
Sri Lanka lose $125,000 on Windies series
January 29, 2011 (AFP) – Sri Lanka Cricket on Saturday said it had lost $125,000 after bad weather forced a one-day series against the visiting West Indies to be rescheduled. The series was due to be played in December but has been postponed to this month and early February, and reduced from five matches to […]
Court Action
WASHINGTON, January 29, 2011 (AFP) – Members of Sri Lanka’s Tamil minority on Friday filed a lawsuit in the United States against the island’s president, seeking million in damages over alleged extrajudicial killings. Activists from the Tamil diaspora spearheaded legal action after President Mahinda Rajapakse quietly traveled to the United States, in a test of […]
Video Call
Jan 28, 2011 (LBO) – Sri Lanka’s Microsoft say a new product, Lync 2010, that offers audio, video and web conferencing will help companies cut cost by reducing travel and communication costs. The software is a single platform that integrates instant messaging, presence, audio, video and web conferencing to bring people together in the ways […]