Author: lbostgadmin
‘s series win
HAMBANTOTA, July 12, 2014 (AFP) – South Africa rode on aggressive hundreds from Quinton de Kock and AB de Villiers to beat Sri Lanka by 82 runs in the third and final one-day international on Saturday.Left-hander De Kock smashed a 127-ball 128 while skipper De Villiers hit a fiery 71-ball 108, making a century off […]
Software Spread
July 11, 2014 (LBO) – Fortunaglobal, a Sri Lanka based tech firm said it had delivered a digital banking platform to a lender in Solomon Islands. Its ‘FortunaFinance’ branded platform will allow Solomon Island’s Pan Oceanic Bank (POB) to provide services to customers through mobile phones and the web. “¦[F]inancial institutions of all sizes are […]
Partial Protection
PARIS, July 10, 2014 (AFP) – A prototype vaccine for dengue that two years ago yielded lukewarm results has proved more effective after wider trials and is a potential arm against the disease, researchers said Friday.Devised by the French pharmaceutical giant Sanofi Pasteur, the so-called CYD-TDV vaccine provided only 30 percent protection against the dangerous […]
Sri Lanka shares close down 0.1-pct
July 11, 2014 (LBO) – Sri Lanka’s shares closed 0.11 percent lower ending a seven day winning streak with banking stocks losing ground, brokers said. Foreign investors bought 331.41 million rupees worth shares while selling 230.47 million rupees worth shares. Carson Cumberbatch closed 10.00 rupees lower at 420.00 rupees and Commercial Bank closed 2.20 rupees […]
HSBC India chief at Sri Lanka business forum
July 10, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said HSBC India Chairperson Naina Lal Kidwai will deliver the keynote address at its annual business forum.Naina Lal Kidwai, Chairperson of HSBC India, will speak on the second day of “Sri Lanka Economic Summit” organized by the Chamber on August 05 and August 06.Naina […]
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COLOMBO, July 9, 2014 (AFP) – Sri Lanka has banned non-government organisations from holding press conferences under a new order from the defence ministry seen by AFP on Wednesday, raising new fears for freedom of speech.The order, sent widely to civil society groups earlier this month, said all NGOs should refrain from “unauthorised activities with […]
” to get kids to Australia
SYDNEY, July 9, 2014 (AFP) – A dozen mothers in an asylum-seeker camp have reportedly attempted suicide so their children can be settled in Australia, piling pressure on Prime Minister Tony Abbott who said Wednesday he would not be morally blackmailed. The Sydney Morning Herald said the women tried to kill themselves this week after […]
Worth Watching
July 10, 2014 (LBO) – Countries with high levels of externally financed domestic credit should be careful about loose monetary policy, a report by Standard and Poor’s which found Sri Lanka to be most exposed in the region after New Zealand said. Several Asian countries including China were loosening policy in response to a slowing […]
Sri Lanka shares close up 0.8-pct
July 10, 2014 (LBO) – Sri Lanka’s shares closed 0.83 percent higher with tobacco stocks gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 55.02 points higher at 6,668.86, up 0.83 percent. The S&P SL20 closed 29.08 points higher at 3,735.14, up 0.78 percent. Turnover was 2.36 billion rupees, […]
Regional Chief
July 10, 2014 (LBO) – Sharhan Muhseen a Sri Lanka born investment banker, has been appointed Head of Financial Institutions for Southeast Asia at Credit Suisse, a Zurich-based financial group. “We are delighted to have Sharhan joining us at Credit Suisse,” Michael Tan, Head of Financial Institutions Group (FIG) Coverage for Asia Pacific said in […]
Sri Lanka shares close up 0.7-pct
July 09, 2014 (LBO) – Sri Lanka’s shares closed 0.73 higher on Wednesday crossing the 6,600 mark despite net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 48.03 points higher at 6,613.84, up 0.73 percent. The S&P SL20 closed 29.95 points higher at 3,706.06, up 0.81 percent. Turnover was 2.89 billion […]
Sri Lanka demand for water pipes, electrical switches seen recovering
July 08, 2014 (LBO) – Demand for water pipes and electrical switches have weakened during the past year, but appear to have bottomed out, Central Industries, a maker of plastic-based water supply and electrical products has said.“The PVC industry is currently plagued with overcapacity as anticipated growth in demand in the post conflict era has […]