Author: lbostgadmin
Sri Lankan Airlines to fly to Shanghai
May 10, 2010 (LBO) – Sri Lankan Airlines will launch a four-times a week service to Shanghai in July 2010, the third Chinese city in its global route network, the airline said in a statement. The new service will expand the airline’s cargo carrying capacity between China and Sri Lanka, with rapid connections in Colombo […]
Sri Lanka tourist arrivals up 47-pct in April: data
May 10, 2010 (LBO) – Tourist arrivals to Sri Lanka rose 47.0 percent to 38,300 in April 2010 from a year earlier with strong growth in Western European and South Asian generating markets, data from the island’s tourism office showed. Visitors from South Asia were up 53 percent to 10,798. India generated 7,732 tourists, up […]
Sri Lanka stocks close flat, Dialog heavily traded
May 10, 2010 (LBO) – Sri Lankan shares closed flat Monday as gains on small and midcap shares were offset by price drops on selected high value stocks, while Dialog Telekom shares rose after it returned to profitability, brokers said. The All Share Price Index closed at 4,222.04, down 0.03 percent (1.09 points), while the […]
Sri Lanka forex reserves lower in February
May 10, 2010 (LBO) – Sri Lanka’s foreign reserves fell to 5,032 million US dollars in February 2010 from 5,135 million US dollars in January, which was equal to about 5. 5 months of past imports, the Central Bank said. Reserves with balances at the Asian Clearing Union (ACU), a regional arrangement of non-convertible currencies, […]
‘s Baltic states
RIGA, May 9, 2010 (AFP) – Seen from the eastern rim of the European Union, the looming austerity drive in crisis-afflicted Greece reads like old news. For almost two years, the Baltic states of Lithuania, Latvia and Estonia have brought in repeated draconian anti-crisis measures, slashing public spending and hiking taxes to try to dig […]
Sri Lanka Muralitharan out of World Twenty20
BRIDGETOWN, May 8, 2010 (AFP) – Muttiah Muralitharan’s participation at the World Twenty20 finally came to an end on Saturday when it was announced Sri Lanka would be summoning a replacement for their spin star. Thilan Thushara will replace Murali, who has been struggling with a groin problem, after the International Cricket Council (ICC) gave […]
Sri Lanka partly shielded from Greek crisis by IMF, donor loans: S&P
May 08, 2010 (LBO) – A fiscal and monetary prudence program backed by the International Monetary Fund and donor loans will partly shield Sri Lanka from the fallout of a European credit confidence crisis, a rating agency has said. Sri Lanka hit a balance of payments crisis in late 2008 and some foreign lenders refused […]
‘s Jayawardene opening up Twenty20 horizons
BRIDGETOWN, May 8, 2010 (AFP) – Sri Lanka’s Mahela Jayawardene is relishing the “freedom” that comes with opening the batting after another superlative display at the World Twenty20. And he insists his appetite for runs is far from sated ahead of the islanders’ upcoming clash with Australia on Sunday. The 32-year-old made an unbeaten 98 […]
‘s 3G auction licence bids continue to rise
NEW DELHI, May 8, 2010 (AFP) – Bids for nationwide licences in India’s sale of spectrum for superfast 3G mobile services have hit 2. 65 billion dollars, a statement on a government website said Saturday. That price — 120.69 billion rupees (2.65 billion) — is nearly 3.5 times the 35 billion rupee reserve price set […]
‘s Minor: report
May 08, 2010 (LBO) – Bangkok-based Minor International is looking to buy or build beach resorts in Sri Lanka, after the island emerged from a 30-year war and prospects for tourism brightened, a media report said. Minor also operates hotels in Thailand under the Marriott and Four Seasons brands and runs Thai franchises for Burger […]
Last Laugh
May 07, 2010 (LBO) – Laugfs Group, the sole rival of the Sri Lankan unit of Royal Dutch Shell, is keen to buy the multinational’s operations in the island, Laugfs chairman W K H Wegapitiya said. Shell Gas Lanka is the dominant supplier of liquefied petroleum gas (LPG) in Sri Lanka with Laugfs having a […]
Sri Lanka calls on West to crack down on Tiger funding
May 7, 2010 (AFP) – Sri Lanka’s prime minister on Friday urged Western nations to crack down on Tamils using their soil to revive the Tamil Tiger separatist movement that was crushed last year. Premier D. M. Jayaratne said some of the 1.5 million ethnic Tamils living abroad were planning to form a movement to […]