Author: lbostgadmin
Sri Lanka stocks close down 0.4-pct
Jan 30, 2014 (LBO) – Sri Lanka stocks close 0.40 percent lower Thursday with tobacco and hotel stocks losing ground amid strong foreign selling and Fed’s stimulus cut, brokers said. Nations Trust Bank closed 1.90 rupees higher at 66.90 rupees and Commercial Bank closed 60 cents lower at 127.00 rupees. Distilleries closed 90 cents higher […]
” behind cricket shake-up
LONDON, January 28, 2014 (AFP) – World cricket was set for a shake-up after the International Cricket Council gave “unanimous support” for “principles” to change its structure and governance.Leaked draft proposals from the sport’s most financially powerful ‘Big Three’ nations argued for more power to be placed in the hands of India, England and Australia. […]
Cricket: Ton-up Jayawardene flays Bangladesh
DHAKA, January 29, 2014 (AFP) – Mahela Jayawardene became Test cricket’s seventh-highest run-getter with an unbeaten century as Sri Lanka compounded Bangladesh’s misery in the first Test in Dhaka on Wednesday.The veteran right-hander was on 146 not out, his 33rd Test hundred, as the tourists went to tea on the third day at 602-6, a […]
Incident
Jan 29, 2014 (LBO) – Harsha de Silva, an opposition legislator and economist said a person who had accused him of assault had withdrawn a complaint made to the police. The person had alleged that de Silva had hit him on the head after an exchange of words when clearing a bare land near his […]
Lawlessness
COLOMBO, January 28, 2014 (AFP) – Sri Lanka’s Buddhist hierarchy and other religious leaders accused police Tuesday of failing to prosecute those behind a recent wave of attacks on Christians and Muslims.A multi-religious group led by Buddhist monks said the country had failed to grasp the threat posed by hate speech and attacks because local […]
Sri Lanka stocks close up 0.5-pct
Jan 29, 2014 (LBO) – Sri Lanka stocks close 0.54 percent higher Wednesday ending a two day negative rally with diversified stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 33.31 points higher at 6,252.14, up 0.54 percent. The S&P SL20 closed 30.09 points higher at 3,465.96, up 0.88 percent. Turnover was […]
Cricket: Sri Lanka seamers rock Bangladesh in first Test
DHAKA, January 27, 2014 (AFP) – Seamers Shaminda Eranga and Suranga Lakmal shared seven Bangladesh wickets as Sri Lanka dominated the opening day of the first Test in Dhaka on Monday.Eranga finished with 4-49 and Lakmal claimed 3-66 to help bowl out Bangladesh for 232 after the tourists won the toss and chose to field […]
” given tax breaks
Jan 28, 2014 (LBO) – A 1.3 billion US dollar sea reclamation project by the main port in Sri Lanka’s capital Colombo by a Chinese firm has been given sweeping tax breaks, a government notice said.The Chinese firm will build the city and will give a part of the land to Sri Lanka’s ports agency. […]
Tele Talks
Jan 28, 2014 (LBO) – Sri Lanka Telecom whose main shareholders are Sri Lanka’s goverment and Malaysia’s UT group said its mobile unit was in talks with Hutchison to acquire its operations in the island.SLT said in a stock exchange filing that negotiations are at a “preliminary stage” with a final decision to be made […]
Soft Unit
Jan 28, 2014 (LBO) – Netherlands based ISM eCommerce will set up a 3 million US dollar business process outsourcing and software development unit in Sri Lanka, the island’s state investment promotion office said.The firm’s customers included Royal Dutch Post (PostNL), Seiko Watches, Akzo Nobel, Heineken and Chelsea football club, the Board of Investment of […]
Sri Lanka stocks close 0.4-pct lower
Jan 28, 2014 (LBO) – Sri Lanka stocks close 0.43 percent lower Tuesday with diversified stocks losing ground despite net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 26.98points lower at 6,218.83, down 0.43 percent. The S&P SL20 closed 25.88 points lower at 3,435.87, down 0.75 percent. Turnover was 1.45 billion […]
Asian shares tumble as emerging market fears return
HONG KONG, January 27, 2014 (AFP) – Asian markets sank on Monday following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging economies days ahead of a crucial Federal Reserve policy meeting. Japan’s Nikkei, which was the best performer last year, continued its 2014 downtrend as the […]