Author: lbostgadmin
Cricket: South Africa bat against Sri Lanka in first ODI
COLOMBO, July 6, 2014 (AFP) – South Africa captain AB de Villiers won the toss and chose to bat in the first of the three-match one-day international series against Sri Lanka in Colombo on Sunday.Star all-rounder Jacques Kallis was ruled fit to play after overcoming a neck injury that he picked during one of the […]
Football: Krul saves Netherlands as Costa Rica downed
BRASILIA, July 6, 2014 (AFP) – Dutch goalkeeper Tim Krul was the hero as the Netherlands beat Costa Rica to seal a showdown with Argentina in a heavyweight World Cup semi-final lineup Saturday.Netherlands coach Louis van Gaal stunned onlookers at Salvador’s Fonte Nova Arena by bringing on Krul to replace Jasper Cillessen in the final […]
Sri Lanka to get US$800mn ADB loan for roads
July 04, 2014 (LBO) – Sri Lanka will upgrade and maintain roads connecting more than 1,000 villages to the highways and expressways in a 906 million US dollars project with 800 million US dollars coming from the Asian Development Bank, a minister said.Sri Lanka has strengthened its road network especially after the end of a […]
Arrested
KUALA LUMPUR, July 4, 2014 (AFP) – Malaysian police on Friday said they have arrested four more suspected Tamil Tiger separatists, including a man allegedly involved in the attempted assassination of a former Sri Lankan president. In May, the agency said it was “deeply concerned” that three men registered with the agency were deported to […]
Paradise Isle: Fast police bikes, faster legs
July 4, 2014 (LBO) – Sri Lanka’s police acquired its largest fleet of high-speed patrol motorcycles this week, but even before they could be unleashed to tame errant motorists, traffic police demonstrated their skills in…err running. Hopefully, there will be very little wear and tear because there aren’t many roads where a Yamaha 600 cc […]
Debt Sale
July 04 2014 (LBO) – Sri Lanka’s state-run Bank of Ceylon is planning to 8.0 billion rupees of debt which has been given an expected rating ‘AA(lka) (EXP)’ Fitch Ratings said.The Colombo-listed debentures will have tenors of 5 and 8 years and will have fixed and floating coupons. It will be used for Tier II […]
Sri Lanka stocks close up 0.2-pct
July 04, 2014 (LBO) – Sri Lanka’s stocks closed 0.16 percent higher ending a week on a positive note with telco and diversified stocks gaining despite net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 10.23 points higher at 6,477.51, up 0.16 percent. The S&P SL20 closed 2.26 points higher at […]
Sri Lanka police questions Bhuddist monk over anti-Muslim riots
COLOMBO, July 2, 2014 (AFP) – Sri Lankan police called in a militant Buddhist monk for questioning Wednesday after he was accused of instigating deadly anti-Muslim riots that heightened religious tensions in the ethnically divided nation.Galagodaatte Gnanasara was summoned to the Criminal Investigations Department over a speech he made two weeks ago in the resort […]
Bombay Stock Exchange shut after network outage
MUMBAI, July 3, 2014 (AFP) – The Bombay Stock Exchange, India’s second-biggest financial market, shut down during morning trade Thursday owing to computer network problems, a spokesman said. “Due to a network outage being currently faced, BSE has decided to close all markets,” spokesman Yatin Padia said in a message to AFP, after trading stopped […]
Sri Lanka tourist arrivals up 14-pct in June
July 03, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 14.3 percent to 103,195 in June 2014 from a year earlier, driven by China and India, data from the state tourism promotion office showed.In the first half of 2014 arrivals were up 24.6 percent to 727,353. South Asian visitors were up 13.3 percent to 30,950 […]
Bank Trend
July 03, 2014 (LBO) – Sri Lanka’s bank credit is estimated to grow 14 percent in 2014 and outlook for the sector is ‘stable’ with bad loans to also stabilize this year, Moody’s, a rating agency said.“¦[A] pipeline of infrastructure projects is expected to boost economic growth, together with an accommodative monetary policy,” Srikanth Vadlamani, […]
Sri Lanka stocks close up 0.5-pct
July 03, 2014 (LBO) – Sri Lanka’s shares closed 0.54 percent higher on Thursday amid strong domestic participation, brokers said. The Colombo benchmark All Share Price Index closed 34.76 points higher at 6,467.28, up 0.54 percent. The S&P SL20 closed 30.48 points higher at 3,608.42, up 0.85 percent. Turnover was 1.51 billion rupees, down from […]