Author: lbostgadmin
Broadband
June 16, 2014 (LBO) – Sri Lanka Telecom says it is boosting the island’s broadband connectivity with its high capacity fibre optic backbone and expanding international cable links.SLT has been licensed to build the national fibre optic network, where capacity will be made available to other operators. Chief executive Lalith de Silva says the firm […]
Sri Lanka shares close up 0.1-pct
June 16, 2014 (LBO) – Sri Lanka’s shares closed 0.11 percent higher on Monday starting the week on a positive territory, brokers said. The Colombo benchmark All Share Price Index closed 6.88 points higher at 6,344.10 up 0.11 percent. The S&P SL20 closed 15.64 points higher at 3,520.67, up 0.45 percent. Turnover was 957.31 million […]
Cricket: England on top despite Sangakkara century
LONDON, June 14, 2014 (AFP) – Kumar Sangakkara’s first Test hundred at Lord’s saw him rewrite cricket’s record books but England remained in control of their series opener with Sri Lanka on Saturday. Sri Lanka were 415 for seven at stumps on the third day of this two-match series, with left-hander Sangakkara’s 147 key to […]
Curfew in Sri Lanka resorts after 80 injured in nationalist riots – Update
ALUTGAMA, June 16, 2014 (AFP) – Sri Lankan police extended a curfew in a popular tourist region Monday after at least 80 people were injured and dozens of Muslim-owned shops and homes torched when a Buddhist mob went on the rampage. Authorities said the curfew would stay in place for a second night running in […]
Root puts England in control against Sri Lanka
LONDON, June 13, 2014 (AFP) – Yorkshireman Joe Root’s maiden double hundred has given England a big advantage in the first Test against Sri Lanka at Lord’s after the hosts declared their innings on 575 for nine. Sri Lanka fought back well, reaching 140 for one at stumps on day two on Friday.The Sri Lankans […]
Cricket: Sangakkara century frustrates England
LONDON, June 14, 2014 (AFP) – Kumar Sangakkara scored his first Test hundred at Lord’s as Sri Lanka looked to avoid the follow-on against England on Saturday Sri Lanka were 309 for four at tea on the third day, still 266 runs behind after Joe Root’s maiden Test double century had taken England to 575 […]
” in defence technology: PM
NEW DELHI, June 14, 2014 (AFP) – India’s Prime Minister Narendra Modi said Saturday the country must be “self sufficient” in its defence capabilities at a ceremony inducting a Russian-built aircraft carrier into the navy.Modi said India should place “immense importance” on developing the latest technology as the navy looks to recover from a string […]
‘s Central Bank responds to concerns over foreign debt measurements
June 14, 2014 (LBO) – Sri Lanka’s Central Bank has responded to recent warnings over rising foreign debt by the government and other entities. The Central Bank said its analysis was based on central government debt. It points out that excluding inflows such as remittances also does not present a correct picture. Even more than […]
Ton-up Root turns Sri Lanka tide at open
LONDON, June 12, 2014 (AFP) – Joe Root’s second hundred in as many Lord’s Tests was the cornerstone of England’s recovery on the first day of their series opener with Sri Lanka on Thursday. Sri Lanka appealed for lbw but Reiffel ruled in Prior’s favour and, despite a review, the ‘umpire’s call’ stood after replays […]
Root holds firm after Broad bolsters England total
LONDON, June 13, 2014 (AFP) – Joe Root passed 150 after Stuart Broad’s quickfire 47 helped take England to 473 for eight against Sri Lanka at lunch on the second day of the first Test at Lord’s on Friday.But the all-rounder’s run-a-ball 19 came to an end when he lobbed a gentle catch off Eranga […]
‘s Aitken Spence buys hotel in India
June 11, 2014 (LBO) – Sri Lanka based Aitken Spence group said it had bought a new 143-room ‘five star’ graded hotel in Chennai, India for 25 million US dollars.The acquisition was made through Aitken Spence Hotel Managements (South India) Private Limited, the company said in a stock exchange filing. The Indian arm was 49 […]
‘s second tourist market
June 13, 2014 (LBO) – China overtook the United Kingdom to become the second largest source of tourists to Sri Lanka in May 2014 and is now second only to India, official data showed. Chinese have been travelling out in greater number in the past few years as the country followed sound monetary policy and […]