Author: lbostgadmin
Sri Lanka shares close up 0.6-pct
June 27, 2014 (LBO) – Sri Lanka’s shares closed 0.56 percent higher for the forth consecutive day with tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 35.33 points higher at 6,363.49, up 0.56 percent. The S&P SL20 closed 13.31 points higher at 3,520.85, up 0.38 percent. […]
‘s Nippon Paint in DIY strategy to kindle demand
June 26, 2014 (LBO) – Sri Lanka’s Nippon Paint Lanka is pushing into the do-it-yourself market as weak spending power coupled with higher labour costs has led to a slump in demand, officials said. “As an industry we are not doing very well. This is not common to us but even the other companies face […]
Sri Lanka looking for alternative ways to unload crude: minister
June 26, 2014 (LBO) – Sri Lanka is looking for a small vessel to unload crude mid-sea from tankers and bring oil to a refinery after a hose in an offshore mooring buoy burst, petroleum minister Anura Yapa said. He said if necessary refined products could be imported. Already two thirds of the fuel to […]
Sri Lanka shares close up 0.1-pct
June 26, 2014 (LBO) – Sri Lanka’s shares closed 0.10 percent higher for the third consecutive day with banking stocks gaining amid thin foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.61 points higher at 6,328.16, up 0.10 percent. The S&P SL20 closed 5.99 points higher at 3,507.54, up 0.17 percent. […]
Sri Lanka macro-prudential indicator may be upgraded: Fitch official
June 25, 2014 (LBO) – A Macro Prudential Indicator for Sri Lanka which was downgraded to ‘3’, may be lifted in the future as risks recede, amid slower credit growth, a top Fitch Ratings official said.Mark Young head of Asia Pacific Financial Institutions at Fitch Ratings said with weaker credit growth there was room for […]
Cricket: Sri Lanka seal thrilling England series win
LEEDS, June 24, 2014 (AFP) – Sri Lanka beat England with just one ball to spare to win the second Test at Headingley by 100 runs on Tuesday and take the two-match series 1-0.It was a desperately close call but the former Australia seamer ruled in Sri Lanka’s favour. After tea, left-arm spinner Herath, who […]
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LEEDS, June 25, 2014 (AFP) – Sri Lanka captain Angelo Mathews had the ideal response to criticism from former England skipper Michael Vaughan regarding the Islanders’ “county” attack after the tourists completed a dramatic Test series win at Headingley.Mathews’s men won the second Test by 100 runs after paceman Shaminda Eranga dismissed England No 11 […]
Education Hub
June 25, 2014 (LBO) – Villa College, a Maldives-based higher education institute, is setting up an arm in Sri Lanka which will be developed into a residential campus, the state investment promotion agency said.The BOI which gives tax breaks and investment approvals had signed an agreement with Ahmed Anwar, Rector of Villa College and Chief […]
Sri Lanka shares close up 0.2-pct
June 25, 2014 (LBO) – Sri Lanka’s shares closed 0.17 percent higher with index heavy John Keells Holdings contributing most to the index gain for the second straight session amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 10.68 points higher at 6,321.55, up 0.17 percent. The S&P SL20 closed […]
Sri Lanka Treasuries edge lower
June 25, 2014 (LBO) – Sri Lanka’s Treasuries yield eased lower across maturities at Wednesday’s auction, data from the state debt office said. The debt office said 1.00 billion rupees in 3-month bills, 1.00 billion in 6-month bills and 20.00 billion in one year bills totaling 22.00 billion rupees were sold after offering 12.00 billion […]
Sri Lanka to dig up suspected Muslim mass grave
COLOMBO, June 24, 2014 (AFP) – Sri Lankan authorities are to dig up the site of a suspected mass grave next week after claims it contains the bodies of scores of Muslims killed by Tamil rebels 24 years ago, police said Tuesday.The Muslim community, which accounts for around 10 percent of the island’s population and […]
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LEEDS, June 23, 2014 (AFP) – Sri Lanka great Mahela Jayawardene questioned England’s tactics, their ability to handle pressure and the wisdom of home captain Alastair Cook’s pre-match spat with Shane Warne as the tourists moved to the brink of a memorable Test series win at Headingley. Sri Lanka seized control of the second and […]