Category:
Fleet Expansion
June 20, 2014 (LBO) – Sri Lanka state-run Ceylon Shipping Lines will buy a tanker to transport crude in addition to two bulk carriers, as part of building up a plan to become a shipping hub, information minister Keheliya Rambukwelle said. Until the shipping line has sufficient capacity it will be given a commission of […]
Sri Lanka exports up 9.4-pct in April, trade gap down amid weak credit
June 20, 2014 (LBO) – Sri Lanka’s exports grew 9.4 percent to 762.2 million US dollars, while imports fell 5.3 percent in April from a year earlier, amid weak domestic credit, allowing foreign reserves to grow, official data showed.However Sri Lanka’s credit growth has been weak or negative in the past few months. When domestic […]
Football: Suarez double shatters England as Uruguay win
SAO PAULO, June 20, 2014 (AFP) – Luis Suarez scored twice as Uruguay sent England spinning towards their earliest World Cup exit in 56 years on Thursday with a 2-1 victory.Liverpool striker Suarez grabbed the second of two opportunistic goals in the 85th minute of a tense Group D battle in Sao Paulo after Wayne […]
Sri Lanka stocks close down 0.1-pct
June 19, 2014 (LBO) – Sri Lanka’s stocks closed 0.07 percent lower with index heavy John Keells Holdings losing ground despite net foreign buying, brokers said. Ceylon Tobacco Company closed 5.00 rupees lower at 990.00 rupees and Nestle Lanka closed 52.00 rupees higher at 1,975.00 rupees. Hayleys closed 6.80 rupees lower at 292.20 rupees and […]
Linked Up
June 19, 2014 (LBO) – Sri Lanka’s information technology sector is setting up an online portal to collaborate with universities, academics and students, an industry chamber said. SLASSCOM says the industry want to reach 5 billion US dollars in revenue and create 200,000 direct jobs and 1,000 start ups by 2022, for which active collaboration […]
Cricket: England look to seal Sri Lanka deal
LEEDS, June 19, 2014 (AFP) – England will hope to go one wicket better when they face Sri Lanka in the second and final Test of their series at Headingley on Friday.Alastair Cook’s new-look side were denied victory in the first Test at Lord’s on Monday after Sri Lanka No 11 Nuwan Pradeep got through […]
Sri Lanka parliament rejects UN war probe
COLOMBO, June 18, 2014 (AFP) – Sri Lanka’s parliament Wednesday rejected a UN-mandated investigation into alleged war crimes while crushing separatist Tamil rebels five years ago.Ruling party lawmakers voted overwhelmingly to resist a probe by the Office of the United Nations High Commissioner for Human Rights in line with a US-initiated censure move in March. […]
Muslims ask for UN probe into Sri Lanka religious riots; President tours area
BERUWALA, June 18, 2014 (AFP) – The main Muslim party in Sri Lanka’s ruling coalition Wednesday demanded a UN probe into one of the country’s worst-ever religious riots, as President Mahinda Rajapakse toured the violence-hit resort region. The Sri Lanka Muslim Congress (SLMC) said it was also boycotting parliament Wednesday as a protest against Colombo’s […]
Sri Lanka should continue investments, improve skills, rule of law: ADB chief
June 18, 2014 (LBO) – Sri Lanka should look at private partnerships to expand infrastructure, reform state enterprises and strengthen the investment climate by improving rule of law and governance, Asian Development Bank chief Takehiko Nakao said. Sri Lanka’s government is investing about 6 percent of gross domestic product in physical infrastructure which was higher […]
Sri Lanka Treasuries yields steady
June 18, 2014 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday auction with the 12-month yield unchanged at 7.00 percent, the state debt office said.The 3-month yield eased 01 basis point to 6.53 percent and the 6-month yield eased 01 basis point to 6.71 percent. The debt office offered 10 billion rupees in […]
Sri Lanka stocks close down 0.4-pct
June 18, 2014 (LBO) – Sri Lanka’s stocks closed 0.42 percent lower with index heavy John Keells Holdings losing ground ahead of the U.S. Federal Reserve’s policy statement, brokers said. Dialog Axiata closed 10 cents lower at 10.20 rupees and Sri Lanka Telecom also closed 10 cents lower at 47.90 rupees. Sampath Bank closed 3.00 […]
Fund Rating
June 18, 2014 (LBO) – Fitch Ratings said an ‘A-(lka)’ national fund credit rating given to Ceylon Income Fund in Sri Lanka has been confirmed. The negative modifier in the fund’s ‘A-(lka)’ National Fund Credit Rating reflects Fitch’s view that the fund is moderately concentrated with a top-five issuer concentration of around 56% of the […]