Author: lbostgadmin
Re-branded Sri Lanka Hemas tour unit eyes Maldives after Diethelm tie
Sept 01, 2008 (LBO) – Sri Lanka’s Hemas group says its tour operating unit will be more active in the Maldives after a tie-up with Zurich based Diethelm Travel Group (DTH). Hemtours says it has been in business for more than 30 years. DTH is a subsidiary of Diethelm Keller Holdings, headquartered in Zurich, a […]
Changing Guard
Sept 01, 2008 (LBO) – A former senior general manager of Commercial Bank of Ceylon, Harris Premaratne will head Sampath Bank, with the retirement of the current chief executive, the firm said in a stock exchange filing. Current chief executive Anil Amarasuriya will continue till December 2008 with Premaratne assuming duties as chief executive officer […]
Land Use
Sept 01, 2008 (LBO) – Colombo port could reclaim land in shallow waters near the Sri Lankan capital city for industry and move containers by rail to avoid congestion as it expands the harbour, an expert says.The government has started building or plans several new roads to connect Colombo to other big towns as well […]
Sri Lanka shares becalmed, investors chase Bogala Graphite
Sept 01, 2008 (LBO) – Sri Lankan shares ended hardly changed Monday with retail investors who had been playing with property stocks turning their attention to Bogala Graphite, diving its price up sharply, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price […]
Sri Lanka to sell US dollar bonds
Sept 01, 2008 (LBI) – Sri Lanka will sell 70 million dollars of 2-year bonds which pays interest every six months, on an auction basis for which subscriptions will open on September 08, the government’s debt office said. A 70 million US dollar ‘Sri Lanka Development Bond’ tranche is maturing on September 22, which will […]
Italy apologises to Libya for colonial era damage
BENGHAZI, August 30, 2008 (AFP) – Italian Prime Minister Silvio Berlusconi on Saturday apologised to Libya for damage inflicted by Italy during the colonial era and signed a five-billion-dollar investment deal by way of compensation. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Berlusconi made the apology […]
‘s real estate boom stumbles as demand slumps
SOFIA, August 31, 2008 (AFP) – Bulgaria’s real estate boom is turning to bust as its key British and Irish property buyers are now discouraged by financial difficulties at home and the ugly concrete views outside their windows. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 According […]
Sri Lanka in consolation win against India
August 29, 2008 (AFP) – Nuwan Kulasekara wrecked India’s top order with a career-best haul of 4-40 to bowl Sri Lanka to a consolation 112-run victory in the fifth and final one-day international here on Friday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 India, who already […]
Second Malaysian tanker hijacked in Gulf of Aden: company
KUALA LUMPUR, August 30, 2008 (AFP) – A second Malaysian tanker carrying petrochemicals has been hijacked by pirates in the Gulf of Aden, the vessel’s owner said in a statement Saturday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The MT Bunga Melati 5 with 41 crew […]
Blast in Sri Lanka capital
August 30, 2008 (AFP) – A bomb went off in the Sri Lankan capital Colombo on Saturday, wounding at least 30 people, police and hospital sources said. A package left near a fruit vendor exploded in Pettah, the main commercial hub of the capital, police said, adding that the blast was also near the main […]
Bomb blast in Sri Lanka capital wounds 45: hospital
August 30, 2008 (AFP) – A powerful bomb ripped through a busy commercial area of Sri Lanka’s capital Colombo on Saturday, wounding 45 people, police and doctors said.The bombing in Colombo’s Pettah area came a day after Tiger rebels accused government forces of setting off a roadside bomb and killing two civilians inside guerrilla-held territory. […]
Sri Lanka seeks to boost exports of specialty teas
Aug 30, 2008 (LBO) – Sri Lanka’s tea trade plans to hold a charity auction of specialty teas as part of efforts to penetrate the fast growing market in the United States, industry officials said. The Tea Board got 410 entries for the competition representing seven agro-climatic regions in which different types of teas are […]