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Sri Lanka shares close up 0.4-pct
July 15, 2014 (LBO) – Sri Lanka’s stocks closed 0.43 percent higher with diversified stocks gaining despite strong foreign buying and selling, brokers said. The Colombo benchmark All Share Price Index closed 28.76 points higher at 6,727.79, up 0.43 percent. The S&P SL20 closed 29.03 points higher at 3,750.26, up 0.78 percent. Turnover was 2.19 […]
Netherlands sees expanding trade and investments with Sri Lanka
Aug 15, 2014 (LBO) – Netherlands is seeking more trade and investment links with Sri Lanka in agriculture, water and health seen as growth areas, with funding also available, officials said. “We are actively looking for new trading partners around the world,” visiting Dutch Vice-Minister for Foreign Trade Simon Mits, who led a trade mission […]
Cricket: Sri Lanka plan memorable farewell for Jayawardene
GALLE, July 15, 2014 (AFP) – Sri Lanka are planning to give star batsman Mahela Jayawardene a fitting farewell by winning his remaining matches, captain Angelo Mathews said ahead of the first Test against South Africa starting Wednesday. “They’ve still got these very good players in the team and they are a very strong team […]
Sri Lanka stocks close up 0.6-pct
July 14, 2014 (LBO) – Sri Lanka’s stocks closed 0.56 percent higher on Monday extending the gains of food, beverages and tobacco sector amid low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 37.63 points higher at 6,699.03, up 0.56 percent. The S&P SL20 closed 13.07 points higher at 3,721.23, up […]
Sri Lanka trade deficit down amid weak credit in May
July 14, 2014 (LBO) – Sri Lanka’s exports rose 11.1 percent to 882.1 million US dollars in May 2014 from a year earlier led by apparel exports that rose 14.5 percent to 365.1 million US dollars, official data showed. Agriculture exports rose 21.1 percent to 239.9 million US dollars with tea up 9.7 percent to […]
Football: World Cup history for Germany as Goetze sinks Argentina
RIO DE JANEIRO, July 14, 2014 (AFP) – Mario Goetze scored a superb extra-time winner as Germany beat Argentina 1-0 to become the first European team to win a World Cup held in South America on Sunday.Germany’s Neuer won the Golden Glove award for the tournament’s best goalkeeper. The 28-year-old Bayern Munich player was presented […]
Sri Lanka banks urged to tighten spreads amid slow credit
July 14, 2014 (LBO) – Sri Lanka’s Central Bank held policy rates at 6.50 and 8.00 percent and urged banks to tighten spreads to lower lending rates as private sector credit demand remained weak.In May credit to the central government from the banking sector has fallen by 11.5 billion rupees and loans to state enterprise […]
”’ budget reform
NEW DELHI, July 13, 2014 (AFP) – The maiden budget from India’s new right-wing government has promised a return to high growth — but disappointed some who hoped premier Narendra Modi might use his thumping mandate to unleash radical change. The Bharatiya Janata Party (BJP) government opted for small steps in last week’s budget, in […]
Cricket: Sri Lanka to coach banned spinner Senanayake
COLOMBO, July 13, 2014 (AFP) – Sri Lanka’s cricket authorities decided Sunday to send off-spinner Sachithra Senanayake for intense coaching after the International Cricket Council (ICC) ruled his bowling action illegal and banned him from international matches.Sri Lanka Cricket (SLC) secretary Nishantha Ranatunga said the coaching team was being asked to study reports from the […]
‘s series win
HAMBANTOTA, July 12, 2014 (AFP) – South Africa rode on aggressive hundreds from Quinton de Kock and AB de Villiers to beat Sri Lanka by 82 runs in the third and final one-day international on Saturday.Left-hander De Kock smashed a 127-ball 128 while skipper De Villiers hit a fiery 71-ball 108, making a century off […]
Cricket: South Africa bat in third Sri Lanka one-day
HAMBANTOTA, July 12, 2014 (AFP) – South African captain AB de Villiers won the toss and elected to bat in the third and final one-day international against Sri Lanka in Hambantota on Saturday.Both teams are tied at 1-1 in the three-match series, after South Africa won the first match by 75 runs while Sri Lanka […]
Sri Lanka shares close down 0.1-pct
July 11, 2014 (LBO) – Sri Lanka’s shares closed 0.11 percent lower ending a seven day winning streak with banking stocks losing ground, brokers said. Foreign investors bought 331.41 million rupees worth shares while selling 230.47 million rupees worth shares. Carson Cumberbatch closed 10.00 rupees lower at 420.00 rupees and Commercial Bank closed 2.20 rupees […]