Author: lbostgadmin
Sri Lanka US$7.8mn resort opens
Jan 20, 2014 (LBO) – A 96-room hotel built with an investment of 7.8 million US dollars has opened in Sigiriya in central Sri Lanka. The Aliya (elephant in Sinhalese language) Resort & Spa, is constructed on a 22-acre area to blend with villages in the area, Sri Lanka’s economic development ministry said after minister […]
Giant Vessel
SEOUL, January 20, 2014 (AFP) – South Korean shipbuilder Hyundai Heavy Industries said Monday it had started construction on a Chinese order for the world’s largest container ships.China Shipping Container Lines (CSCL) awarded the contract for the five vessels — each with a capacity of 18,400 TEU (20-foot equivalent unit) container boxes — to Hyundai […]
Sri Lanka stocks close up 0.4-pct
Jan 20, 2014 (LBO) – Sri Lanka stocks close up 0.42 percent Monday reversing last Friday’s losses with index heavy stocks gaining, brokers said. Cargills Ceylon closed 50 cents lower at 146.00 rupees and Bukit Darah closed 5.00 rupees higher at 620.00 rupees. Lion Brewery Ceylon closed 1.00 rupee lower at 379.00 rupees and Aitken […]
Cricket: Shehzad hits hundred but Pakistan toil for runs
SHARJAH, January 18, 2014 (AFP) – Opener Ahmed Shehzad scored a maiden century but Pakistan toiled for runs in their bid for a series-levelling win against Sri Lanka in the third and final Test in Sharjah on Saturday. The 22-year-old right-hander made 147 in only his second Test as Pakistan scored 291-6 at close on […]
Obituary
Jan 19, 2014 (LBO) – R B Ekanayake, an information communications technology industry veteran who was has contributed in key ways to automating Sri Lanka’s banking sector has passed away.He had been President of Sri Lanka’s Association Professional Bankers had as received the award for the ‘Most Outstanding Contribution to the Banking Sector.‘ Ekanayake was […]
Access
OSLO, January 18, 2014 (AFP) – Most books published in Norway before 2001 are going online for free thanks to an initiative that may have found the formula to reconcile authors with the web.At a time when the publishing world is torn over its relationship to the Internet — which has massively expanded access to […]
Sri Lanka mass grave count hits 36
COLOMBO, January 17, 2014 (AFP) – Forensic experts have discovered more bodies in an unmarked mass grave in Sri Lanka’s former war zone, raising the total to 36, an official said Friday. A team led by judicial medical officer Dhananjaya Waidyaratne found four more skeletons Thursday in the first mass grave uncovered since troops defeated […]
Cricket: Perera, Mathews miss hundreds as Sri Lanka foil Pakistan
SHARJAH, January 17, 2014 (AFP) – Dilruwan Perera missed a century on his debut while skipper Angelo Mathews fell for 91 as Sri Lanka frustrated Pakistan in the third and final Test in Sharjah on Friday.Perera (95) and Mathews made life difficult for Pakistan through their 112-run seventh wicket stand before Sri Lanka declared their […]
IMF rep, UN staff among 14 killed in Kabul restaurant attack
KABUL, January 18, 2014 (AFP) – Taliban suicide attackers killed at least 14 people, including the IMF representative in Afghanistan and three UN staff, in a terrifying gun and bomb attack on a Kabul restaurant popular with foreigners.One attacker blew himself up outside the Taverna du Liban in the upmarket Wazir Akbar Khan neighbourhood Friday […]
Merger Path
Jan 18, 2014 (LBO) – Sri Lanka’s banks and well managed larger non-bank lenders will be encouraged to swallow up to three second tier firms with tax breaks and cheaper financing, a plan released by the banking regulator said.A presentation by Sri Lanka’s Central Bank Governor Nivard Cabraal made to the financial industry has asked […]
Sri Lanka battle hard against Pakistan spinners
SHARJAH, January 16, 2014 (AFP) – Sri Lanka battled hard against Pakistan’s spinners led by Saeed Ajmal to reach 220-5 at close on the opening day of the third Test in Sharjah on Thursday.Ajmal took 2-62 to leave Sri Lanka struggling at 166-5 before Angelo Mathews (24) and Prasanna Jayawardene (28) saw off the day […]
‘s Sonia Gandhi stalls son Rahul PM candidacy push
NEW DELHI, January 17, 2014 (AFP) – India’s ruling party was putting on a united front Friday at a mass rally after its leader Sonia Gandhi stalled a push to name her son Rahul as prime ministerial candidate at looming elections.Thousands of Congress party members have gathered in the capital New Delhi for a conclave […]