Author: lbostgadmin
Sri Lanka treasury bills yields ease
Feb 27, 2008 (LBO) — Sri Lanka’s treasuries yields edged lower at Wednesday’s auction with the 3-month yield falling 11 basis points to 18.48 percent, the government’s debt office said. The 6-month yield fell 03 basis points to 18.97 percent and the 12-month yield fell 06 basis points to 19.04 percent. The government raised 5.9 […]
Sri Lanka should overhaul monetary policy: economist
Feb 26, 2008 (LBO) — Sri Lanka should overhaul its monetary framework in the light of 20 percent plus inflation as such high levels could only be generated domestically by a central bank, a top Sri Lankan born economist has said.“There is no huge mystery to inflation, and I have run into people here who […]
Sri Lanka crushed by India
HOBART, Feb 26, 2008 (AFP) – India claimed a spot in the tri-series finals with a crushing seven-wicket win over Sri Lanka in their one-day match here on Tuesday.A spectacular middle-order collapse saw Sri Lanka make just 179 from 47.1 overs and India had few problems reaching the target in 32.2 overs, scoring 180 for […]
‘s Muralitharan may be overtaken by Steyn
DHAKA, Feb 26, 2008 (AFP) – South African paceman Dale Steyn was fast closing in on number one Test bowler Muttiah Muralitharan after an impressive performance in the opening Test against Bangladesh here.Steyn picked up 38 valuable ratings points in the first Test, which his team won by five wickets on Monday, and is now […]
Sharma fined as Australia blamed for provocative behaviour
SYDNEY, Feb 25, 2008 (AFP) – Indian paceman Ishant Sharma has been fined 15 percent of his match fee after clashing with Australia’s Andrew Symonds in their latest tri-series match, spiking tensions between the sides again.“As long as it doesn’t boil into a major issue then it should be OK. The aggressive nature can bring […]
Stanley Fischer caves in; Bank of Israel prints to weaken shekel
JERUSALEM, Feb 25, 2008 (AFP) – The Bank of Israel governor on Monday cut base interest rates by a half point, lowering them to 3.75 percent, as the shekel continued its rise against the dollar, the bank said.Governor Stanley Fischer had been under pressure from employers and the Histadrout, the Israeli trade union congress, to […]
Indian Railways posts record 6.3-billion-dollar surplus
NEW DELHI, Feb 26, 2008 (AFP) – Giant state-run Indian Railways, once on track for bankruptcy, posted a record 6.3-billion-dollar surplus on Tuesday, announced new lines and cut fares in a populist budget with elections looming. “The world today acknowledges I’ve done a tremendous job,” said the wisecracking Railways Minister Lalu Prasad Yadav, presenting his […]
Tele Chief
Feb 26, 2008 (LBO) – Sri Lanka Telecom (SLT) has appointed Leisha Chandrasena, who was already a board member, as its new chairperson, an official said. SLT investor relations officer Upali Mahamithawa said Chandrasena’s appointment has taken effect from February 25. Japan’s NTT has a 35 percent stake in the firm but the chairman of […]
Hot Chillies
Feb 26, 2008 (LBO) – Sri Lanka’s Triad Advertising says it will seek international recognition after winning the only gold at this year’s ‘Chillies’ ad awards, while a top agency boycotted a post-event media conference. . Triad topped the tally for the third consecutive year. The agency won gold under the integrated communications category for […]
Sri Lanka investors drive up Lankem in plantations chase
Feb 26, 2008 (LBO) – Sri Lankan stocks closed higher Tuesday with investors driving up the price of Lankem Ceylon, a group with interests in plantations which are seen making higher profits, brokers said. The All Share Price Index gained 6.64 points or 0.26 percent to close at 2,527.62 while the more liquid Milanka index […]
Sri Lanka state workers demand trebling of festival allowance
Feb 25, 2008 (LBO) – Sri Lanka’s powerful state worker unions have demanded a trebling of festival allowances as inflation tipped over 20 percent following loose monetary and fiscal policies in the past year. The latest in such moves is a new increase in car taxes after state workers were given thousands of tax-slashed cars. […]
Sri Lanka central bank asks for currency note designs
Feb 25, 2008 (LBO) – Sri Lanka’s central bank has called for public ideas to produce a new series of notes offering cash prizes for winning designs. The monetary authority has so far produced notes under 10 different themes from the time it was created soon after Sri Lanka gained independence from Britain. The first […]