Author: lbostgadmin
Sri Lanka cruise ship calls pick up after war
Dec 03, 2009 (LBO) – Calls by cruise ships to Sri Lanka, which were greatly reduced during the height of the ethnic war, are picking up with the latest operator to launch visits to Sri Lanka being Louis Cruises India.The number of visitors to the island picked up immediately after the war ended in May […]
Sri Lanka tea factory hotel opens under up-market brand
Dec 03, 2009 (LBO) – From abandoned tea factory to luxury resort, Aitken Spence will re-launch its successful tea factory hotel under its up-market brand ˜Heritance.’ Since its launch in 1996, the hotel which is situated on a hilltop overlooking Hethersett village, has gained a reputation for being an unusual holiday attraction. Visitors can experience […]
Sri Lankan stocks up 1.78-pct
Dec 03, 2009 (LBO) – Sri Lankan stocks extended gains and rose above the 3,000-point mark on the benchmark index Thursday boosted by high volume transactions on Hatton National Bank (HNB) and John Keells Holdings (JKH), brokers said. The All Share Price Index closed at 3,004.61 up 1.78 percent (52.45 points) while the Milanka Price […]
Sri Lanka bill yields up
Dec 03, 2009 (LBO) – Sri Lanka Treasury bill yields have started to move up across the board, at Wednesday’s auction the government debt office said, as private sector credit demand picked up and inflation concerns re-emerged. The 3-month yield rose 15 basis points to 7.40 percent, the 6-month yield rose 09 basis points to […]
Sri Lanka rated telco market with highest regulatory risk
Dec 02, 2009 (LBO) – Sri Lanka has been rated the telecommunications market with the highest regulatory risk score in the Asia-Pacific region, according to a new survey by Fitch Ratings.It said Fitch’s Regulatory Risk Score provides an indication of how the regulatory environment impacts the ability of an operator to generate free cash flow […]
Gold price storms to record above 1,200 dollars
LONDON, December 1, 2009 (AFP) – The price of gold reached above 1,200 dollars an ounce for the first time on Tuesday as a weak US currency pushed up demand for the precious metal viewed as a safe-haven investment, analysts said. Gold struck a record high 1,201.63 dollars an ounce on the London Bullion Market […]
Sri Lanka must help released war refugees: Amnesty
December 2, 2009 (AFP) – Amnesty International on Wednesday pushed Sri Lanka to grant full freedom to 130,000 Tamil civilians who have been allowed out of camps where they were detained following the island’s ethnic conflict.The government said the camp inmates, who were displaced in the war against the Tamil Tiger rebels, were now free […]
Six-star Dilshan leaves India chasing leather
MUMBAI, December 2, 2009 (AFP) – Tillakaratne Dilshan smashed his sixth century this year to give Sri Lanka a solid start in the crucial third and final Test against India here on Wednesday.Dilshan made 109 as Sri Lanka, seeking a win to draw the series 1-1, battled a wicket with turn and bounce to pile […]
Developing countries agree on tariff-cut deal
GENEVA, December 2, 2009 (AFP) – Twenty-two developing and poor countries including emerging giants India and Brazil, on Wednesday agreed on a deal on cutting tariffs on the sidelines of a World Trade Organization meeting. “This is a very important step in south-south cooperation,” said Jorge Taiana, Argentinian Foreign Minister, who chaired the group. Under […]
Tele Risk
Dec 02, 2009 (LBO) – Sri Lanka has been rated the telecommunications market with the highest regulatory risk score in the Asia-Pacific region, according to a new survey by Fitch Ratings. It said Fitch’s Regulatory Risk Score provides an indication of how the regulatory environment impacts the ability of an operator to generate free cash […]
Terror Funds
Dec 02, 2009 (LBO) – The Sri Lankan government has identified some 600 bank accounts with links to the Tamil Tiger separatists and is trying to seize assets held by the Tigers, a spokesman said. Defence spokesman Keheliya Rambukwella said Tiger assets and bank accounts were largely held by Kumaran Pathmanadan alias KP, a top […]
Sri Lanka tea farms mull irrigation to counter weather changes
Dec 02, 2009 (LBO) – Sri Lanka’s plantations need foreign investment for estate and factory modernisation, including irrigation to counter changing weather patterns, said Kumar Jayasuriya, chairman, James Finlay, Colombo. Regional plantation companies running the island’s tea estates could do with foreign investment in irrigating fields, to cope with changes in rainfall patterns which could […]