Author: lbostgadmin
‘s Oil Production Could Rise Faster Than Expected
July 20, 2015 (LBO) – Iran’s oil production could increase faster than analysts predict, said an International Energy Agency official, after a nuclear deal with world powers lifted sanctions on oil exports. Most analysts expect Iran will take at least one year to reach the pre-2011 production level of 3.8 million barrels a day from […]
So far 200 complaints of electoral and general law violations: PAFFREL
July 20, 2015 (LBO) – Sri Lanka’s election watchdog PAFFREL says the organization has received 200 complaints in relation to 203 electoral and general law violations by yesterday afternoon. Among them, 17 are related to acts of violence and 20 incidents of electoral and general law violations. As per the PAFFREL statistical report of election […]
Are you prone to Cancer or Heart Disease?
Are you prone to Cancer or Heart Disease? Go to a Union Chemist Pharmacy and find out now”, says Dr Vaz Gnanam, Director Credence Genomics, subsequent to their tie up with Union Chemists. Credence Genomics is now working with Union Chemists (Pte) limited to assist you in finding out your risk of getting cancer and […]
Pakistan High Commissioner hosts Eid dinner for cricketers
July 20, 2015 (LBO) – The High Commission of Pakistan in Sri Lanka recently hosted a colorful reception for the National teams and managements of Pakistan and Sri Lanka Cricket, in Colombo. “The current series has been a memorable one for both sides, for Pakistan it was significant due to our first test series victory […]
Phone makers in talks to end use of sim cards
July 19, 2015 (LBO) – International phone makers Apple and Samsung are in advanced talks to produce phones with embedded SIMs that will make use of SIM cards obsolete.Industry associations such as GSMA together with phone makers are working on a ‘common architecture’ which could take at least one year to deploy, the UK-based Financial […]
India Considers Road Bridge To Sri Lanka With ADB Funding
July 19, 2015 (LBO) – India is planning a feasibility study for a bridge that connects India and Sri Lanka which may cost .6 billion, Indian media reported. Nitin Gadkari, the Minister for Road Transport, Highways and Shipping, said he had discussed this with the chairman of Asian Development Bank and the development bank was […]
Intel earnings rise but PC chip sales disappoint
July 18, 2015 (LBO) – Intel, the world’s leading semiconductor company, reported higher than expected earnings this week even though sales of chips for PCs were predictably lower. The California-based chipmaker posted second-quarter earnings of 55 cents per share on revenue of .2 billion above analyst expectations of 50 cents a share on $13.04 billion […]
Sri Lanka signs USD1.1Bn currency swap agreement with India
July 17, 2015 (LBO) – Sri Lanka’s Central Bank on Friday signed the 1.1 billion US dollars worth currency swap agreement with Indian Reserve Bank in New Delhi. The Central Bank releasing a statement said this new facility will allow the Bank to further strengthen its position in the financial market and bring greater stability […]
Sri Lanka’s Planters’ Association says 1000 rupees wage offer cost Rs18bn annually
July 17, 2015 (LBO) – Sri Lanka’s Planters’ Association of Ceylon said it will cost 18 billion per year for the industry to pay the 1000 rupees wage hike offer for workers, a statement said.The Regional Plantation Companies (RPCs) recently proposed a productivity linked wage proposal and raise the daily pay to 1000 rupees in […]
Sri Lanka stocks close up 0.5-pct
July 17, 2015 (LBO) – Sri Lanka’s stocks closed up 0.53 percent on Friday with investor confidence gaining further and telecom and banking sector stocks continuing to show gains, brokers said. The Colombo benchmark All Share Price Index closed 37.82 points higher at 7,161.96 up 0.53 percent. The S&P SL20 closed 22.54 points higher at […]
Sri Lanka’s JVP files petition with Human Rights Commission against MR
July 17, 2015 (LBO) – Sri Lanka’s Marxist JVP on Friday filed a petition with the Human Rights Commission against former President Mahinda Rajapaksa’s use of state vehicles and security. The petition filed by JVP Kurunegala District team leader Namal Karunaratne points out that the human rights of other candidates (Right to equality) are being […]
Finance Minister meets South Korean Ambassador
Sri Lanka’s Finance Minister Ravi Karunanayake on Friday (17) met the newly appointed Ambassador of the Republic of Korea to Sri Lanka, Chang Won-sam.