Author: lbostgadmin
Pakistan survive, South Africa squeeze past Kiwis
LONDON, June 9, 2009 (AFP) – Pakistan avoided following Australia out of the World Twenty20 on Tuesday while South Africa hammered home their position as favourites by successfully defending the format’s lowest ever total.Pakistan, the runners-up at the 2007 championship, had been defeated by England in their opening match and needed to beat the Netherlands. […]
Sri Lanka to get AirAsia low fare flights
June 10, 2009 (LBO) – AirAsia said it will launch daily flights from Sri Lanka from August 15 offering promotional all-in fares as low as 4,090 rupees one way between Colombo and Kuala Lumpur. The Malaysia-based carrier, known as Asia’s largest low fare, no frills airline, said Colombo is an important destination for AirAsia to […]
Maldives declares whale shark sanctuaries
June 10, 2009 (LBO) – Maldives has established three protected areas for whale sharks, the world’s largest fish, the Indian Ocean atoll state which is famed for its corals and marine resources, said. The marine protected areas have been declared in and around Baa atoll Hanifaru, Baa atoll An’gafaru and South Ari atoll Maamigili, to […]
Chamber Award
June 10, 2009 (LBO) – A regional Sri Lankan business chamber has won a top global award for its work after the 2004 Indian Ocean tsunami, in a competition which had entries from 33 countries, the organization said. The member services of the Hambantota chamber, job placement and information technology had also been improved. The […]
Sri Lanka Finlay teas sell well in Iraq
June 10, 2009 (LBO) – Sri Lanka’s James Finlay group said tea exports to Iraq did well in 2008 despite the strife and that it expanded its marketing and launched a new product with higher profit margins. Jayasuriya said the company took advantage of the oil price boom of 2007-08 which increased consumer spending in […]
Sri Lankan stocks up, investors buy blue chips
June 10, 2009 (LBO) – Sri Lankan shares closed up Wednesday as retail investors moved back to safe stocks from speculative counters, while tycoon Harry Jayawardena controlled Aitken Spence continued its bull-run, brokers said. “Investors who walk into the market should at least look at a three month investment horizon, as at present levels the […]
Sri Lanka bill yields edge lower
June 10, 2009 (LBO) – Sri Lanka’s Treasury bills yields edged marginally lower as the government sold 4.5 billion rupees of maturing bills to the market at Wednesday’s auction, the debt office said. However selling down the T-bill stock to lock up foreign reserves also puts pressure on interest rates.The 3-month yield fell to 03 […]
‘s Sangakkara eyes bigger wins after taming Aussies
NOTTINGHAM, June 9, 2009 (AFP) – Kumar Sangakkara celebrated his first stint as Sri Lanka’s captain by dumping mighty Australia from the World Twenty20, then warned rivals he was hungry for more scalps.“I can’t ask for more, but this is just the start. We want to continue in the same vein,” he said after the […]
Sri Lanka extends anti-terror laws despite defeat of Tigers
June 9, 2009 (AFP) – Sri Lanka’s government on Tuesday extended tough anti-terror laws, arguing that remnants of the defeated Tamil Tiger rebels could still try to stage a comeback.Prime Minister Ratnasiri Wickremanayake told parliament that the government wanted to extend the state of emergency by a month despite last month’s defeat of the Liberation […]
Sri Lanka May tourist arrivals slump
June 09, 2009 (LBO) – Tourist arrivals in to Sri Lanka slumped 20.6 percent in May 2009 to 24,739 from a year ago as a global travel slowdown and fierce fighting that ended the Tamil Tiger insurgency deterred visitors. According to figures put out by Sri Lanka’s tourism office, arrivals from south Asia, the main […]
Sri Lankan stocks close flat on profit taking
June 09, 2009 (LBO) – Sri Lankan shares lost early gains and closed down on Tuesday as investors took profits on selected blue chips, brokers said. “Retail participation was high today,” said Ganeshan. Conglomerate John Keells Holdings closed flat at 112.00 rupees. Diversified Hayleys gained 25 cents to close at 115.25, while privately held bank, […]
Sri Lankan stocks hit by profit taking
June 09, 2009 (LBO) – Sri Lankan shares lost early gains and closed down on Tuesday as investors took profits on selected blue chips, brokers said. The Colombo All Share Price Index closed down 0.35 percent (15.47 points) to end at 2,185.00 while the Milanka index of liquid stocks gained 0.98 percent (24.07 points) to […]