Author: lbostgadmin
Sri Lanka Treasuries yields ease
Nov 13, 2013 (LBO) – Sri Lanka’s Treasuries yields eased at Wednesday’s auction with the 12-month yield down 3 basis points to 9.79 percent, data from the state debt office showed.The 6-month yield was down 5 basis points to 8.89 percent. There were no sales of 3-month bills. The debt office said 415 million rupees […]
Sri Lanka Commonwealth biz forum begins today
Nov 12, 2013 (LBO) – A three day Commonwealth business forum kicks off today where investment prospects of Sri Lanka and several countries will be showcased and emerging trends in Asia and Africa will come under the spotlight.President Mahinda Rajapaksa will inaugurate the sessions with a keynote address. The first session chaired Rahul Bajaj, chairman […]
Sri Lanka Commonwealth biz forum can create wealth, cut poverty: President Rajapaksa
Nov 12, 2013 (LBO) – A Commonwealth business forum in Colombo can forge new partnerships that can create wealth and reduce poverty, Sri Lanka’s President Mahinda Rajapaksa said. Sri Lanka has seen strong economic growth thanks to pragmatic policies, and there was a strategy to go forward making the country an economic hub, he said. […]
Sri Lanka Commonwealth Biz forum the largest ever
Nov 12, 2013 (LBO) – A Commonwealth Business Forum underway in Sri Lanka’s capital Colombo is the largest in the history of the organization, and can be an opportunity to solve employment and skills challenges, officials said.Sri Lanka after the end of a 30-year war presents opportunities for investment as it strives to be an […]
Prince Charles becomes pensioner with eye on the throne
LONDON, November 11, 2013 (AFP) – Britain’s heir to the throne Prince Charles can draw his state pension from Thursday when he turns 65 — despite having yet to start the job he has eyed for a lifetime.But when most Britons his age will be settling into their retirement, Charles can be expected to take […]
US warns Maldives president after vote blocked
MALÉ, November 12, 2013 (AFP) – The United States stepped up its criticism of the embattled Maldives on Tuesday, warning caretaker president Mohamed Waheed that a decision to remain in office after his mandate expired was endangering democracy.The US State Department said Waheed’s move to continue to govern after his time in office lapsed at […]
Tele Net
Nov 12, 2013 (LBO) – Profits at Sri Lanka Telecom, the island’s only wireline operator which also has a mobile unit, fell 15 percent from a year earlier to 1.56 billion rupees dragged down by forex losses, interim accounts showed.Interest expenses were down 31 percent to 174 million rupees but the group had forex losses […]
”’ Sydney casino gets state backing
SYDNEY, November 12, 2013 (AFP) – Gambling mogul James Packer’s plan to build a .5 billion casino in Sydney aimed at Asian high-rollers has won crucial support from the state government.The New South Wales government late Monday struck a “binding agreement” for the project to operate from November 2019 in a prime location on Sydney […]
Sri Lanka keeps policy rates steady, credit to state easing: Central Bank
Nov 11, 2013 (LBO) – Sri Lanka kept its policy rate corridor steady at 6.50 percent to withdraw excess cash and 8.50 percent to inject money in to the banking system, saying the inflation outlook was benign and state credit demand was reducing. The date for the release of the next regular statement on monetary […]
India PM to miss Commonwealth summit in Sri Lanka
NEW DELHI, November 10, 2013 (AFP) – Indian Prime Minister Manmohan Singh will skip this week’s Commonwealth summit in Sri Lanka, the foreign ministry said Sunday, as pressure grows for a boycott of the event over alleged war crimes by Colombo.Singh sent a letter to Sri Lankan President Mahinda Rajapakse on Sunday telling him of […]
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WELLINGTON, November 11, 2013 (AFP) – New Zealand Prime Minister John Key said Monday he will attend a Commonwealth summit in Sri Lanka despite his Indian counterpart pulling out amid pressure for a boycott over alleged war crimes by Colombo.Key said his presence at the Commonwealth Heads of Government Meeting (CHOGM) this week did not […]
British TV crew behind war-crime film face Sri Lanka demo
COLOMBO, November 11, 2013 (AFP) – Pro-government activists demonstrated outside Sri Lanka’s main international airport Monday denouncing a visit by Britain’s Channel 4 which produced an award-winning documentary on alleged war crimes during the island’s ethnic war.Activists shouted slogans against a crew from the network as they arrived to cover a meeting of Commonwealth countries […]