Author: lbostgadmin
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 […]
Sri Lanka not given conditions for GSP renewal, says EU
May 07, 2010 (LBO) – The European Union office in Sri Lanka said the EU had not given the island’s government a ‘list of conditions’ to meet to renew a trade deal nor was it dependant on ‘any single measure’. The EU office said in a statement a government delegation will visit EU headquarters in […]
Sri Lanka Aviva unit makes Rs80mn loss in March
May 07, 2010 (LBO) – Sri Lanka’s Aviva NDB Insurance made an 80 million rupee loss in March 2010 quarter from a year ago, as wage and sales costs rose and it faced higher claims, accounts filed at the stock exchange showed. Aviva NDB Insurance made 98.3 million rupee profit during March quarter last year. […]