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SriLankan Airlines govt guaranteed debt draw US$3bn in orders
June 30, 2014 (LBO) – A 175 million US dollar debt offer by state-run SriLankan Airlines drew orders worth 3.0 billion US dollars from 85 parties, the carrier and book runner Standard Chartered Bank said. Sri Lankan Chief Executive Kapila Chandrasena said international investors had shown interest in the airline and it showed the confidence […]
Football: Ten-man Costa Rica stun Greece in penalty shoot-out
RECIFE, June 30, 2014 (AFP) – Costa Rica goalkeeper Keylor Navas claimed man-of-the match honours as his side sank Greece in a penalty shootout to reach the World Cup quarter finals for the first time and a clash with the Netherlands.Reduced to 10 men in the second half, Costa Rica still seemed to be on […]
Sri Lanka inflation at 2.8-pct in June: Statistics office
June 30, 2014 (LBO) – Sri Lanka consumer prices rose 2.8 percent in the 12-months to June 2014 from a year earlier, slowing from 3.2 percent in May, the state statistics office said. Prices during the month rose sharply by 1.1 percent, the highest monthly gain in the Colombo Consumer Price Index seen since June […]
Sri Lanka inflation to be 2.8-pct in June 2014: Treasury Secretary
June 29, 2014 (LBO) – Sri Lanka’s inflation would be 2.8 percent in June and the country now had strong economic growth and a stable exchange rate, Treasury Secretary P B Jayasundera said.Sri Lanka is recovering from a balance of payments crisis triggered in 2011 after the state manipulated energy prices with bank loans which […]
Freight Charge
June 28, 2014 (LBO) – A Sri Lanka government regulation against a controversial fee charged from shippers who had not contracted for freight in Asian and African countries was being studied by other affected countries, an official said.Sri Lanka Shippers’ Council, representing the country’s exporters and importers had long protested a so-called terminal handling fee […]
Nationalist Looters
COLOMBO, June 28, 2014 (AFP) – Sri Lanka’s police arrested key suspects involved in fuelling religious riots and looting, an official said Saturday as minority Muslims expressed fears of more unrest ahead of Ramadan.Muslims as well as a majority of moderate Buddhists have pressed for action against the Buddhist Force, or BBS, which is seen […]
Australian activists say asylum-seeker boat in trouble
SYDNEY, June 28, 2014 (AFP) – Refugee campaigners said Saturday that a boat carrying 153 asylum-seekers was in trouble off a remote Australian island, but the government said there were no significant incidents at sea to report.The 72-foot (22-metre) boat carrying mostly Tamil asylum-seekers, including women and children, left India two weeks ago and was […]
Sri Lanka shares close up 0.6-pct
June 27, 2014 (LBO) – Sri Lanka’s shares closed 0.56 percent higher for the forth consecutive day with tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 35.33 points higher at 6,363.49, up 0.56 percent. The S&P SL20 closed 13.31 points higher at 3,520.85, up 0.38 percent. […]
Sri Lanka support military, education services in Maldives
June 27, 2014 (LBO) – Sri Lanka has offered to train soldiers, teachers and provide scholarships for students and had talks on building coast guard boats for Maldives following a visit by President Mahinda Rajapaksa to the country.The president’s media office said Defence and National Security Minister of Maldives Mohamed Nazim had requested Sri Lanka […]
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June 27, 2014 (LBO) – Sri Lanka’s Ceylon Chamber Chamber of Commerce said incumbent chairman Suresh Shah who was re-elected had called on private business to build peace and harmony.His call comes in the wake of rising nationalism in the country and recent mob attacks on minorities that left three people dead. “I call upon […]
Sri Lanka finds better alternative to Iranian crude: minister
June 27, 2014 (LBO) – Sri Lanka has found a better alternative to Iranian oil to feed its ageing refinery which was not able to get high yield of light distillates from processing other types of crude, Petroleum Minister Anura Yapa said.Yapa denied that Sri Lanka has imported Iranian crude through third parties, though reports […]
Sri Lanka shares close up 0.1-pct
June 26, 2014 (LBO) – Sri Lanka’s shares closed 0.10 percent higher for the third consecutive day with banking stocks gaining amid thin foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.61 points higher at 6,328.16, up 0.10 percent. The S&P SL20 closed 5.99 points higher at 3,507.54, up 0.17 percent. […]