Author: lbostgadmin
‘s biggest election
DIBRUGARH, April 7, 2014 (AFP) – Indians began voting in the world’s biggest election Monday which is set to sweep the Hindu nationalist opposition to power at a time of low growth, anger about corruption and warnings about religious unrest. India’s 814-million-strong electorate are forecast to inflict a heavy defeat on the ruling Congress party, […]
Fast Net
Apr 07, 2014 (LBO) – Sri Lanka Telecom, the country’s only wireline operator said it had launched a fibre-to-the-home service offering fast broadband service through its optical fibre network.SLT said the a demonstration at the office Telecommunication Regulatory Commission of Sri Lanka (TRCSL) in Narenhpita, a suburb of the capital Colombo, reached download speeds of […]
Sri Lanka shares end down 0.1-pct
Apr 07, 2014 (LBO) – Sri Lanka’s shares end in the red Monday with finance and insurance sector losing ground, brokers said. The Colombo benchmark All Share Price Index closed 6.17 points lower at 6,048.38 down 0.10 percent. The S&P SL20 closed 1.67 points lower at 3,321.43, down 0.05 percent. Turnover was 537.61 million rupees, […]
” by Fitch
Apr 07, 2014 (LBO) – Fitch Ratings has given a ‘BB-‘ ‘Expected’ rating for Sri Lanka’s 500 million US dollar sovereign bond. Fitch said a fiscal deficit of 5.9 percent of gross domestic product in 2013 and a debt burned of 78.3 percent of GDP was at “relatively high levels’ but the 2014 budget signaled […]
Sri Lanka launches sovereign bond; price guidance 5.5-pct
April 7, 2014 (LBO) – Sri Lanka has begun selling a 500 million US dollar sovereign bond in international markets, a media report said. Bloomberg newswires said price guidance for the 5-year bond has been set at around 5.5 percent. Sri Lanka sold a 5-year one billion dollar bond at 6.0 percent in January but […]
Sri Lanka sovereign bond pricing narrowed
Apr 07, 2014 (LBO) – Price guidance on a 500 million US dollar 5-year bond being sold by Sri Lanka has narrowed to around 5.25 percent, a report said. The bond is expected to close later today, after US markets open. The sale is managed by Citigroup, HSBC and Standard Chartered. The bond was launched […]
Sri Lanka to field against India in World T20 final
DHAKA, April 6, 2014 (AFP) – Sri Lanka’s stand-in captain Lasith Malinga won the toss in the World Twenty20 final in Dhaka on Sunday and sent India in to bat.Umpires: Ian Gould (ENG) and Richard Kettleborough (ENG) The start was delayed by 40 minutes due to rain, but will be played over the full duration […]
Internet Freedoms
WASHINGTON, April 6, 2014 (AFP) – It could be a difficult breakup between the US government and the Internet.A plan unveiled last month would see the US relinquish its key oversight role for the Internet, handing that over to “the global multistakeholder community.” US officials say the move is part of a longstanding effort to […]
Sri Lanka tourist arrivals up 17.5-pct in March 2014
Apr 06, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 17.5 percent to 133,048 in March 2014 from a year earlier backed by strong growth from Eastern Europe, East Asia and India, official data showed. Newly emerging Poland extended gains rising 67.2 percent to 1,903. In the first quarter Poland had generated 6,354 visitors up […]
India presses Sri Lanka to share power with Tamils
COLOMBO, April 4, 2014 (AFP) – India has asked Sri Lanka to grant limited autonomy to its ethnic Tamil minority and ensure “genuine reconciliation” five years after crushing Tamil guerrillas, New Delhi’s top envoy said Friday.Indian High Commissioner (ambassador) Y.K. Sinha said New Delhi had also urged Colombo to probe allegations that its troops killed […]
India, Sri Lanka set for intriguing World T20 final
DHAKA, April 5, 2014 (AFP) – Sri Lanka face a daunting test of nerves from dominant India in Sunday’s all-Asian World Twenty20 final in Dhaka that is rich with incentives for both teams.Meanwhile, defending champions Australia will take on England in the women’s final at the Sher-e-Bangla stadium a few hours before the men take […]
Southern Port
Apr 05, 2014 (LBO) – Vehicle transshipments through Sri Lanka’s Hambantota port in the South of the country has picked up with over 200 roll-on-roll-off car carriers calling since it began operations in nearly two years ago.Canada’s SNC Lavolin Canadian International Company had conducted the feasibility study of the port and the basic designs were […]