Author: lbostgadmin
Sri Lanka monk demands capture of wild elephants for temples
COLOMBO, March 26, 2014 (AFP) – A Sri Lankan Buddhist monk led a procession of elephants Wednesday, demanding authorities capture wild pachyderms from the jungle to boost the dwindling number of the animals in temples.Asian elephant expert Jayantha Jayewardene noted many Sri Lankans wanted to own elephants as a symbol of wealth. “It is prestige. […]
Sri Lanka stocks close flat
Mar 26, 2014 (LBO) – Sri Lanka’s stocks close flat Wednesday with some index heavy stocks losing ground, brokers said. Ceylon Tobacco Company closed 14.90 rupees lower at 1,083.00 rupees and Carson Cumberbatch closed 9.60 rupees lower at 360.00 rupees. Bukit Darah closed 24.80 rupees higher at 587.00 rupees and Nestle Lanka closed 19.20 rupees […]
Sri Lanka Treasuries yields steady
Mar 26, 2014 (LBO) – Sri Lanka’s Treasuries yield were steady at Wednesday’s auction with the 3-month yield falling 01 basis points to 6.65 percent, data from the state debt office showed. The debt office offered 10 billion rupees of maturing debt to the market and only accepted bids worth 8.2 billion rupees from the […]
Mobile Money
Mar 25, 2014 (LBO) – Payments through mobile phones have topped 700 million rupees a month, Sri Lanka’s Dialog Axiata said as Etisalat, a competitor tied up to use the service, in what officials said was the world first such partnership.Dialog group chief executive Hans Wijayasuriya said all operators in Sri Lanka had been invited […]
Sri Lanka stocks close up 0.5-pct
Mar 25, 2014 (LBO) – Sri Lanka’s stocks close 0.52 percent higher with tobacco stocks reversing the losses despite a net foreign outflow, brokers said. NDB Capital Holdings closed 20.00 rupees higher at 530.00 rupees and Ceylinco Insurance closed 129.10 rupees lower at 1,370.70 rupees. Trans Asia Hotels closed 2.90 rupees higher at 80.70 rupees […]
”: legislator
Mar 25, 2014 (LBO) – The lack of audited accounts since 2011 for Sri Lanka’s Employees Provident Fund since 2011 is a “national tragedy” which “trampling of the rights of people,” a legislator has charged. Harsha de Silva an opposition United National Party legislator has been pressing for the accounts for the fund, the country’s […]
Sri Lanka private credit shrinks in January 2014
Mar 24, 2014 (LBO) – Sri Lanka’s commercial bank credit to business contracted 42.1 billion rupees in January 2014 to 1,369.7 billion rupees from a month earlier, while central bank credit to the state rose, official data show. The central bank said the contraction in January came from a reduction in gold-backed loans and repayments […]
Sri Lanka has to radically reform public service to combat corruption: legislator
Mar 24, 2014 (LBO) – Sri Lanka needs ‘broad based radical reform’ of the public service to combat corruption and end a process where competitive tendering for state projects has become an exception, a legislator said. Some analysts however say corruption cannot be tackled or rule of law upheld without re-building Sri Lanka’s broken public […]
‘s Ceylon Chamber marks 175 years
Mar 24, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said it was seeking to build a society that thrives on merit and enterprise as it marks 175 years. In 1883 tea auctions had begun in Colombo and in 1898 the Chamber had provided space. The auctions are conducted by the Ceylon Chamber of […]
‘s party set for coalition rule
MALÉ, March 23, 2014 (AFP) – Maldives President Abdulla Yameen’s party is poised to win control of parliament with the support of a key ally, early projections in the Indian Ocean nation showed Sunday. President Yameen’s Progressive Party of Maldives (PPM) was leading in 34 out of the 85 constituencies after Saturday’s polls while his […]
India minister asks people to vote twice
NEW DELHI, March 24, 2014 (AFP) – An Indian cabinet minister found himself at the centre of a vote-rigging row Monday, after he asked supporters to vote twice for his party in elections which begin next month.Speaking at a rally on Sunday, Agriculture Minister Sharad Pawar urged voters to wash off the ink which would […]
Liberty Call
SINGAPORE, March 24, 2014 (AFP) – Control of the Internet should be handed from US supervision to a diverse group of stakeholders, and not to governments that could limit freedoms, a meeting on the web’s future heard Monday.Organisers also said that a US decision to relinquish control was not the result of any one event […]