Author: lbostgadmin
Campus Launch
Nov 16, 2013 (LBO) – A campus of UK’s University of Central Lancashire (UCLan) launched in Sri Lanka this week will strengthen links between the two countries, British foreign secretary William Hague has said.The British High Commission said about 8,000 Sri Lankans gain UK education qualifications each year, while 35,000 more get professional qualifications through […]
Sri Lanka tourist arrivals reaching a million in November: official
Nov 16, 2013 (LBO) – Sri Lanka’s tourist arrivals have topped 904,000 and is reaching towards a million tourists by the end of November 2013, an official said. The average spend per day was 109 US dollars compared to 65 in 2009, Jayaweera said. Sri Lanka’s arrivals have been boosted by reasonably priced accommodation and […]
Sri Lanka GDP grows 7.8-pct in 2013 third quarter: Census Dept
Nov 15, 2013 (LBO) – Sri Lanka’s gross domestic product expanded 7.8 percent in the third quarter of 2013 from a year earlier, and accelerating from 6.8 percent in the second quarter, the state statistics office said.The statistics office said agriculture grew 7.0 percent against a 0.5 percent contraction last year with tea down 5.1 […]
Yellen says printing to continue, denies bubble charges
WASHINGTON, November 14, 2013 (AFP) – Janet Yellen, the White House nominee to lead the Federal Reserve, said Thursday that the central bank’s stimulus must remain in place to bolster an economy where growth remains fragile. Staking out her support for policies crafted by current chairman Ben Bernanke, Yellen, the Fed vice chair, told senators […]
Sri Lanka exports up 11-pct in September
Nov 15, 2013 (LBO) – Sri Lanka’s exports rose 11 percent to 890 million US dollars with apparel exports surging 27 percent to 386 million US dollars amid a recovery in US and European markets, the Central Bank said. Apparel exports rose 30.7 percent to the US and 27.7 percent to the EU. Rubber product […]
Calls for travel and food freedoms at Sri Lanka Commonwealth meet
Nov 15, 2013 (LBO) – The Commonwealth was home to half the world’s hungry and their pain can be eased by freeing access to food, Australian Prime Minister Tony Abbot said at a summit meeting in Sri Lanka, while a top official called for greater travel freedoms.The Commonwealth is made up of countries in the […]
Rajapakase seen as hero at home, despite foreign critics
COLOMBO, November 15, 2013 (AFP) – Mahinda Rajapakse may be a pariah for some of his Commonwealth peers, but for many of his fellow Sri Lankans he is a national hero who ended four decades of bloodshed.The combative Sri Lankan president has long battled allegations that his troops killed some 40,000 civilians in the closing […]
Sri Lanka President says Commonwealth should not be judgmental
Nov 15, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa said the Commonwealth should not be a judgmental or punitive body at a meeting of heads of governments of member countries in Colombo.The Commonwealth meet had been clouded over war crimes allegations against Colombo over the last stages of a civil war which ended in […]
Cameron visits Sri Lanka former war zone
COLOMBO, November 15, 2013 (AFP) – Britain’s Prime Minister David Cameron made an historic visit Friday to Sri Lanka’s former warzone, stealing the spotlight from a Commonwealth summit after the host, President Mahinda Rajapakse, warned against passing judgement on his country’s past. Only hours after the summit opened in Colombo, Cameron flew into the northern […]
Maldives president leaves country on eve of crucial polls
NEW DELHI, November 15, 2013 (AFP) – The president of the Maldives has left the country on the eve of national elections that have been delayed three times, his spokesman said Friday, leaving a leadership void amid a constitutional crisis.Mohamed Waheed, who took office after a contested transfer of power last February, left for Hong […]
Sri Lanka stocks close down 0.3-pct
Nov 15, 2013 (LBO) – Sri Lanka stocks closed lower in a broad sell-off with consumer goods and diversified stocks losing ground, brokers said. Ceylinco Insurance closed 69.60 rupees higher at 1,333.20 rupees and Ceylon Tobacco Company closed 5.00 rupees higher at 1,055.00 rupees. Dialog closed 10 cents higher at 9.10 rupees and Sri Lanka […]
Sri Lanka foreign reserves at US$7.0bn in September
Dec 15, 2013 (LBO) – Sri Lanka’s foreign reserves eased to 7.0 billion US dollars in September 2013 from 7.5 billion US dollars in August, official data showed. This year Sri Lanka has to repay about 500 million US dollars to the IMF which are made directly out of foreign reserves of the Central Bank. […]