Author: lbostgadmin
Court Order
June 05, 2014 (LBO) – Sri Lanka’s courts have ordered the liquidation of Touchwood, a controversial forestry investment company, but a appeal of the decision is planned, a media report said.Meanwhile recent media reports said trees in some forestry plantations and some investors were attempting to prevent it. Adaderanabiz.lk, a Colombo based business news portal […]
Bengal Port
DHAKA, June 4, 2014 (AFP) – Bangladeshi Prime Minister Sheikh Hasina is likely to seek Chinese funding to build a deep sea port in the Bay of Bengal when she visits Beijing later this week, officials said Wednesday. The proposed port on Sonadia Island off Bangladesh’s southeast coast would cost billions of dollars, but Bangladeshi […]
Sri Lanka stocks close down 0.1-pct
June 05, 2014 (LBO) – Sri Lanka’s stocks closed lower with telco stocks losing ground despite strong foreign buying backed by lower interest rate expectations, brokers said. The Colombo benchmark All Share Price Index closed 0.09 points lower at 6,280.16, down 0.09 percent. The S&P SL20 closed 1.43 points higher at 3,473.43, up 0.04 percent. […]
Sri Lanka hikes milk powder taxes as world prices fall
June 4, 2014 (LBO) – Sri Lanka has hiked import levies on milk powder by 56 percent keeping prices high while world prices continue to fall, giving more revenue to the state.Amid competition cement prices however came down as clinker prices fell, and is now being retailed 15 to 20 rupees below the government mandated […]
Sri Lanka eyes nuclear power plant after 2030
June 4, 2014 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has included nuclear power for the first time as a possible power generation option in 2031 in its latest study of long term generation capacity.CEB long term generation plan has studied nearly 20 different scenarios along with a base case scenario with the lowest […]
Cricket: Sri Lanka win series against England
BIRMINGHAM, June 3, 2014 (AFP) – Sri Lanka proved too strong with both ball and bat as they beat England by six wickets in the fifth and final one-day international at Edgbaston on Tuesday to clinch a 3-2 series victory.First paceman Lasith Malinga took three for 50 as Sri Lanka restricted England to 219 all […]
” up England-Sri Lanka Tests
BIRMINGHAM, June 3, 2014 (AFP) – England captain Alastair Cook said he expected the controversial run out of Jos Buttler during the fifth one-day international against Sri Lanka to “spice up” the forthcoming Test series between the teams.Cook insisted a “line had been crossed” after Sachithra Senanayake ran out England’s Jos Buttler as the non-striker […]
Cricket: Buttler should have been recalled says Ranatunga
COLOMBO, June 4, 2014 (AFP) – Former skipper Arjuna Ranatunga Wednesday said Sri Lanka was right to run out England’s Jos Buttler, but felt he should have been recalled in the spirit of the game. “We should have got him out and then (Sri Lankan captain) Angelo (Mathews) called him back to play,” Ranatunga told […]
Flipkart battles Amazon for India e-shopping dominance
NEW DELHI, June 4, 2014 (AFP) – India’s online retailers are bulking up on acquisitions and funding as they battle the world’s biggest Internet shopping giant, Amazon, for supremacy in the hyper-competitive domestic market.Late last month, Flipkart, India’s largest e-shopping portal, announced the takeover of rival Myntra in a deal analysts estimated at 0 million […]
Extinct bat found in Papua New Guinea
SYDNEY, June 4, 2014 (AFP) – A big-eared bat which was thought to be extinct has been found in a forest in Papua New Guinea, highlighting the unique biodiversity of the developing nation, researchers said Wednesday. Until the find the bat, or Pharotis imogene, had not been seen in 120 years. “The species was presumed […]
Another Feather
June 4, 2014 (LBO) – Sri Lanka based MillenniumIT, a unit of London Stock Exchange said its products have been selected by Aequitas Innovations in Canada which is building a new securities exchange. “This is a significant win for us our suite of capital markets technology has been chosen to launch this new exchange, which […]
Sri Lanka stocks close flat
June 04, 2014 (LBO) – Sri Lanka’s stocks closed flat Wednesday despite strong foreign buying, brokers said. Ceylon Cold Stores closed 4.00 rupees lower at 157.00 rupees and John Keells Hotels closed 30 cents lower at 15.20 rupees. Commercial Leasing and Finance closed 10 cents lower at 4.00 rupees. The Colombo benchmark All Share Price […]