Author: lbostgadmin
Sri Lanka should be re-assessed by US business: Asst. Trade Rep
Oct 13, 2010 (LBO) – Sri Lanka should be re-assessed by US businesses after the end of a 30-year war as the country moves forward in a peaceful environment though ethnic reconciliation remained a challenge, a top US trade official said. “We think that political reconciliation could be greatly accelerated with economic growth. We need […]
Sri Lanka president guest of honour at Games close
NEW DELHI, October 12, 2010 (AFP) – Sri Lankan President Mahinda Rajapakse will be the guest of honour at Thursday’s closing ceremony of the Delhi Commonwealth Games, where participants include nations deeply critical of his rights record. “I can confirm that the Sri Lankan president will be the guest of honour. He will also be […]
Sri Lanka gets first boxing gold in 72 years
NEW DELHI, October 13, 2010 (AFP) – Manju Wanniarachchi on Wednesday won Sri Lanka’s first gold medal in boxing in 72 years after beating Wales’ Sean McGoldrick in the bantamweight division. The 30-year-old from Kandy won a points decision 16-14 to beat the 18-year-old, who caused an upset in the semi-finals by beating the Olympic […]
US in small business road show in Sri Lanka
Oct 13, 2010 (LBO) – The United States is organizing a series of forums Sri Lanka country giving an opportunity especially to smaller businesses outside the capital to find out how to increase trade with the US. The ‘Doing Business’ seminar with assistant trade representative Micheal Delaney will off in Colombo on October 15. Similar […]
Sri Lanka losing ground in US apparel market: Martin Trust
Oct 13, 2010 (LBO) – Sri Lanka is losing ground to China and Bangladesh in the United States apparel market, but the country can retain its place in the top end by banking on non-price competitive strengths, the island’s top US apparel buyer said. “Sri Lanka has not recovered from China’s surge in the US […]
Sri Lanka Cargills adds northern farmers to network
Oct 13, 2010 (LBO) – Sri Lanka’s Cargills, the island’s largest retail chain said it had added farmers from the former war-torn north to its country wide network that keeps its outlets supplied with fruits and vegetables. “We have added 1,600 farmers from the North,” Cargills chief Ranjith Page told the annual annual sessions of […]
Sri Lanka Treasuries yield inch up
Oct 13, 2010 (LBO) – Sri Lanka’s Treasuries yields inched up slightly at Wednesday’s auction with the 6-month yield moving up 05 basis points to 7. 04 percent and the 12-month yield moving up 05 basis points to 7. 17 percent, the government’s debt office said. There were no sales of 3-month bills. The government […]
Trio of labour market specialists wins 2010 Economics prize
STOCKHOLM, October 12, 2010 (AFP) – Three labour market experts, including one blocked for a top post at the US Federal Reserve, won the 2010 Nobel Economics Prize Monday for research that has had an impact on employment reforms worldwide. The Nobel jury said the work of Peter Diamond and Dale Mortensen of the United […]
Gas Wrap
Oct 12, 2010 (LBO) – Sri Lanka’s government is expecting to wrap up the purchase of Shell’s gas unit in the island within a month, Sirisena Amarasekera, who heads the state committee in charge of the deal said. Sri Lanka’s information minister Keheliya Rambukwella has said the government was planning to sell down a 49 […]
‘s ex-army chief
October 11, 2010 (AFP) – Thousands of protestors marched through the streets of Sri Lanka’s capital Monday, demanding the release of ex-army chief and opposition leader Sarath Fonseka who is serving a 30-month jail term. Activists led by Fonseka’s Democratic National Alliance (DNA) and his wife Anoma marched to the maximum security Welikada prison in […]
Kandy man Manju boxes for sweet success
NEW DELHI, October 12, 2010 (AFP) – Manju Wanniarachchi could win Sri Lanka’s first Commonwealth Games boxing gold medal in 72 years on Wednesday in the highlight of a final day of bouts in which British fighters dominate. But the 24-year-old — dubbed “the David Beckham of India” — was one of four home boxers […]
Bangladesh stock market boom fuels dire warnings
DHAKA, October 12, 2010 (AFP) – A flurry of cooling measures has failed to end a record-breaking bull run at Bangladesh’s main stock market, with regulators now warning of an imminent crash that could devastate the broader economy. The main Dhaka Stock Exchange (DSE) general index has hit new highs nearly every day for the […]