Author: lbostgadmin
Top Appointment
July 16, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said Sivakrishnarajah Renganathan, the Bank’s Deputy General Manager Personal Banking has been appointed Chief Operating Officer and Executive Director. The appointment takes effect on July 17. He has been with Commercial Bank for 34 years. In July 2003, he was appointed country manager Bangladesh, […]
Sri Lanka shares close up 0.2-pct
July 16, 2014 (LBO) – Sri Lanka’s shares closed 0.22 percent higher on Wednesday with continued foreign inflows extending gains further, brokers said. Foreign investors bought 452.04 million rupees worth shares while selling 125.62 million rupees worth shares. Bukit Darah closed 25.30 rupees higher at 700.00 rupees, contributing most to the index gain. Carson Cumberbatch […]
Cricket: Sri Lanka plan memorable farewell for Jayawardene
GALLE, July 15, 2014 (AFP) – Sri Lanka are planning to give star batsman Mahela Jayawardene a fitting farewell by winning his remaining matches, captain Angelo Mathews said ahead of the first Test against South Africa starting Wednesday. “They’ve still got these very good players in the team and they are a very strong team […]
Netherlands sees expanding trade and investments with Sri Lanka
Aug 15, 2014 (LBO) – Netherlands is seeking more trade and investment links with Sri Lanka in agriculture, water and health seen as growth areas, with funding also available, officials said. “We are actively looking for new trading partners around the world,” visiting Dutch Vice-Minister for Foreign Trade Simon Mits, who led a trade mission […]
Sri Lanka shares close up 0.4-pct
July 15, 2014 (LBO) – Sri Lanka’s stocks closed 0.43 percent higher with diversified stocks gaining despite strong foreign buying and selling, brokers said. The Colombo benchmark All Share Price Index closed 28.76 points higher at 6,727.79, up 0.43 percent. The S&P SL20 closed 29.03 points higher at 3,750.26, up 0.78 percent. Turnover was 2.19 […]
Sri Lanka banks urged to tighten spreads amid slow credit
July 14, 2014 (LBO) – Sri Lanka’s Central Bank held policy rates at 6.50 and 8.00 percent and urged banks to tighten spreads to lower lending rates as private sector credit demand remained weak.In May credit to the central government from the banking sector has fallen by 11.5 billion rupees and loans to state enterprise […]
Football: World Cup history for Germany as Goetze sinks Argentina
RIO DE JANEIRO, July 14, 2014 (AFP) – Mario Goetze scored a superb extra-time winner as Germany beat Argentina 1-0 to become the first European team to win a World Cup held in South America on Sunday.Germany’s Neuer won the Golden Glove award for the tournament’s best goalkeeper. The 28-year-old Bayern Munich player was presented […]
Sri Lanka trade deficit down amid weak credit in May
July 14, 2014 (LBO) – Sri Lanka’s exports rose 11.1 percent to 882.1 million US dollars in May 2014 from a year earlier led by apparel exports that rose 14.5 percent to 365.1 million US dollars, official data showed. Agriculture exports rose 21.1 percent to 239.9 million US dollars with tea up 9.7 percent to […]
Sri Lanka stocks close up 0.6-pct
July 14, 2014 (LBO) – Sri Lanka’s stocks closed 0.56 percent higher on Monday extending the gains of food, beverages and tobacco sector amid low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 37.63 points higher at 6,699.03, up 0.56 percent. The S&P SL20 closed 13.07 points higher at 3,721.23, up […]
Cricket: Sri Lanka to coach banned spinner Senanayake
COLOMBO, July 13, 2014 (AFP) – Sri Lanka’s cricket authorities decided Sunday to send off-spinner Sachithra Senanayake for intense coaching after the International Cricket Council (ICC) ruled his bowling action illegal and banned him from international matches.Sri Lanka Cricket (SLC) secretary Nishantha Ranatunga said the coaching team was being asked to study reports from the […]
”’ budget reform
NEW DELHI, July 13, 2014 (AFP) – The maiden budget from India’s new right-wing government has promised a return to high growth — but disappointed some who hoped premier Narendra Modi might use his thumping mandate to unleash radical change. The Bharatiya Janata Party (BJP) government opted for small steps in last week’s budget, in […]
Cricket: South Africa bat in third Sri Lanka one-day
HAMBANTOTA, July 12, 2014 (AFP) – South African captain AB de Villiers won the toss and elected to bat in the third and final one-day international against Sri Lanka in Hambantota on Saturday.Both teams are tied at 1-1 in the three-match series, after South Africa won the first match by 75 runs while Sri Lanka […]