Author: lbostgadmin
Mass Transit
Apr 03, 2014 (LBO) – Sri Lanka’s transport ministry has responded to our story ‘ Sri Lanka to build US$ 1.3bn monorail with Japan finance .’ The letter from the ministry of transport is published in full below with LBO’s observations on the underlying nature of government finance:- Editor Lanka Business Online Comment to the […]
Sri Lanka shares end up 0.2-pct
Apr 03, 2014 (LBO) – Sri Lanka’s shares end up 0.23 percent higher Thursday with banking and telco stocks gaining amid strong foreign activity, brokers said. The Colombo benchmark All Share Price Index closed 13.69 points higher at 6,018.47 up 0.23 percent. The S&P SL20 closed 13.56 points higher at 3,295.50, up 0.41 percent. Turnover […]
Sri Lanka to raise US$500mn from sovereign bond
Apr 03, 2014 (LBO) – Sri Lanka is planning to sell a 5-year, 500 million US dollar sovereign bond amid more stable international conditions, market sources said.Citi, HSBC and Standard Chartered, who arranged a billion US dollar bond in January 2014, have been retained to sell the bond. The January bond due in 2019, which […]
Sri Lanka technical education, female participation to be boosted: ADB
Apr 02, 2014 (LBO) – The Asian Development Bank said it is giving a 100 million dollars loan to Sri Lanka to boost technical education and female participation in technology related courses.“This program will help reduce the significant mismatch that exists between the competencies of graduates and labor market demand, which has left youth unemployment […]
‘s Guangdong province visit Sri Lanka
Apr 02, 2014 (LBO) – A high powered delegation from China’s Guangdong provincial government had visited Sri Lanka and had expressed interest in fish processing, the state investment promotion office said. A Chinese firm is to reclaim the sea near Colombo port to build a new business district and many firms from the country are […]
Sri Lanka seeks divine help to avoid power cuts
COLOMBO, April 1, 2014 (AFP) – Sri Lanka’s energy minister offered flowers and lit thousands of oil lamps as she prayed for rains to replenish drought-hit reservoirs which are used for hydro-power plants, an official said Tuesday. Minister Pavithra Waniarachchi illuminated the sacred temple town of Anuradhapura with 4,000 coconut oil lamps seeking divine help […]
” networks
COLOMBO, April 2, 2014 (AFP) – Sri Lanka has designated 15 foreign organisations run by ethnic Tamils as “terrorist groups”, accusing them of trying to revive a separatist war which ended in 2009, an official said Wednesday. Among the designated groups are the British Tamil Forum, World Tamil Movement, Canadian Tamil Congress, Australian Tamil Congress […]
‘s female kingmakers
PONDICHERRY, April 2, 2014 (AFP) – The makeup of India’s next government could lie in the hands of a trio of women who command a massive following in their regional heartlands, including a populist former movie star known as “Mother” to supporters.“Definitely their image, their fighting spirit, their charisma, and their administrative skills to a […]
Sri Lanka stocks close flat
Apr 02, 2014 (LBO) – Sri Lanka’s stocks close flat Wednesday with strong foreign buying on the board, brokers said. JKH’s W0022 warrants closed 50 cents lower at 69.00 rupees and its W0023 warrants closed 20 cents lower at 72.80 rupees. Sri Lanka Telecom closed 80 cents higher at 46.20 rupees. Ceylon Tea Services closed […]
‘s lower inflation, narrowing budget deficit to boost growth: ADB
Apr 01, 2014 (LBO) – Sri Lanka’s current relatively low inflation and a narrowing budget deficit will boost investment and growth helped by recovering exports and domestic demand, the Asian Development Bank said.Last year Sri Lanka gross domestic product was estimated to have grown by 7.3 percent in the middle of recovering from a balance […]
Sri Lanka romp into semis after Herath heroics
CHITTAGONG, March 31, 2014 (AFP) – Left-arm spin wizard Rangana Herath conjured up astonishing figures of 3-5 to help Sri Lanka demolish New Zealand by 59 runs Monday in the race for the World Twenty20 semi-finals.Thisara Perera hit three boundaries in his 13-ball 16 before Neesham took three wickets in 14 balls to rout the […]
‘s Dilshan fined for showing dissent
DHAKA, April 1, 2014 (AFP) – Sri Lankan opener Tillakaratne Dilshan has been fined 20 per cent of his match fee for breaching the players’ code of conduct during the game against New Zealand in Chittagong, the International Cricket Council said on Monday.Dilshan was found to have shown dissent at an umpire’s decision during his […]