Author: lbostgadmin
Sri Lanka gives tax breaks to US$220mn sugar refinery
Apr 23, 2014 (LBO) – Sri Lanka has given a 10 year tax holiday to a 220 million US dollar sugar refinery by the Hambantota port including tax free salaries for 50 expatriate staff. Lanka Sugar Refinery Company (Pvt) Ltd, will import raw sugar for refining to the local and foreign markets, a notice published […]
Sri Lanka gets natural disaster credit from World Bank
Apr 24, 2014 (LBO) – Sri Lanka has been given a 102 million US dollar credit line that can be drawn immediately after a natural disaster, as well as another 110 million dollars for measures to cut disaster risk, the World Bank said. The lender said Sri Lanka is the first county in South Asia […]
Sri Lanka axe Chandimal as T20 captain
COLOMBO, April 23, 2014 (AFP) – Sri Lanka’s cricket selectors on Wednesday sacked Dinesh Chandimal as Twenty20 captain and replaced him with Lasith Malinga, while Angelo Mathews was retained as the Test and one-day skipper.Chandimal, 24, opted out of the last three matches, including the semi-final and final, of the recent World Twenty20 in Bangladesh […]
”’s media
ISLAMABAD, April 23, 2014 (AFP) – The shooting of one of Pakistan’s most famous TV presenters has highlighted the climate of “extreme fear” facing the country’s media, journalists say, as hardliners of different stripes seek to silence dissenting voices. Hamid Mir, host of Capital Talk, a primetime current affairs show on the Geo channel, was […]
Rights Call
DUBAI, April 22, 2014 (AFP) – Amnesty International accused authorities in gas-rich Qatar on Wednesday of failing to protect domestic workers, citing cases of abuse, sexual violence and “forced labour”.As she lay injured on the ground, her attacker sexually assaulted her before finally calling an ambulance. Six months later, she was still using a wheelchair, […]
” time in Sri Lanka over Buddha tattoo
COLOMBO, April 22, 2014 (AFP) – A 37-year-old British nurse recounted Tuesday her “hellish” experience in Sri Lanka after she was arrested and sent to a deportation centre for sporting a Buddha tattoo deemed offensive by authorities. In August 2012, three French tourists were sentenced to six months in jail, which was suspended for five […]
Sri Lanka shares end down 0.3-pct
Apr 23, 2014 (LBO) – Sri Lanka’s shares end 0.31 percent lower with tobacco and diversified stocks losing ground, brokers said. Bukit Darah closed 30.50 rupees lower at 541.00 rupees and Ceylon Tobacco Company closed 13.00 rupees lower at 1,105.20 rupees, contributing most to the index drop. Lion Brewery Ceylon closed 9.90 rupees lower at […]
Sri Lanka Treasuries slightly down
Apr 23, 2014 (LBO) – Sri Lanka’s 3 and 12 month Treasuries edged lower at Wednesday’s auction, with the 6-month yield flat the state debt office said. The 3-month yield fell 03 basis points to 6.58 percent, the 6-month yield was flat at 6.79 percent and the 12-month yield fell 01 basis point to 7.02 […]
Sri Lanka vehicle registrations up 4-pct in March, commercial vehicles weak
Apr 22, 2014 (LBO) – Sri Lanka’s vehicle registrations rose 4 percent to 26,921 in March 2014 from a year earlier picking up from lull in February with commercial vehicles showing weakness, a research report showed. More people were buying cars on financing arrangements with the share going up to 57.6 percent from 42.2 percent […]
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank
Apr 22, 2014 (LBO) – Sri Lanka’s central bank held policy rates unchanged in April saying reduced central government and state enterprise borrowings has created conditions for private credit to pick up. Rice taxes have been relaxed ahead of the drought though prices are now up. Meanwhile traders have been slapped with price controls. Sri […]
Sri Lanka Italy businesses in forum with Harsha
Apr 22, 2014 (LBO) – Sri Lanka-Italy Business Council, of the Ceylon Chamber of Commerce said it is hosting a forum on ‘post war dividends’ where Harsha de Silva, an economist and legislator will speak. De Silva, who is the key economic spokesman at Sri Lanka’s United National Party, will speak on “The Road to […]
Sri Lanka inspiring entrepreneur: innovation comes from within
Apr 22, 2014 (LBO) – An inspiring Sri Lankan entrepreneur who broke into a global supply chain in precision tech components for the automobile industry says innovation comes from within.“I am usually not a person that complains,” Rohan Pallewatte, head of Lanka Harness Company (Pvt) Ltd, a precision manufacturing firm that makes impact sensors for […]