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Sri Lanka MAS Holdings mulls stores in India; East Asia entry: report
June 09, 2014 (LBO) – Sri Lanka’s MAS group, a lingerie producer, is mulling an own-store chain in India and expansion into East Asia, a media report said. Press Trust of India, a news agency quoted MAS Holdings Director Ajay Amalean as saying that the group wanted to open up to 20 retail stores over […]
‘s Thirimanne upbeat after Northants draw
NORTHAMPTON, June 8, 2014 (AFP) – Sri Lanka’s Lahiru Thirimanne was in positive mood ahead of Thursday’s first Test against England after the tourists’ warm-up match against Northamptonshire ended in a draw.Although Sri Lanka have won individual Tests in England, they’ve never won a series of more than one match. But Thirimanne said he believed […]
Prepaid for Sri Lanka electricity customers
June 9, 2014 (LBO) Government-owned monopoly telephone companies did not connect 100 percent of households anywhere in the world. But in Sri Lanka, the government-owned monopoly electricity companies are approaching that threshold. But Sri Lankan citizens pay among the highest prices for electricity in the region. The reason is that they live in a country […]
‘s victory
The outcome of LokSabha (lower house of the Indian Parliament) elections on May 16th was unexpected and unprecedented over the last three decades. The trend towards more fractured and fragmented outcomes has been reversed decisively. The third benefit for Sri Lanka from a Modi government will emerge from India reverting back to a high growth […]
Sri Lanka credit to business positive in March; state borrowings surge
June 06, 2014 (LBO) – Sri Lanka’s loans to business expanded 7.6 billion rupees in March 2014, ending two months of contraction, while borrowings by the central government surged, official data showed.Sri Lanka’s fiscal transparency had major setback from the first quarter of last year after the state stopped releasing month revenue and expenditure numbers, […]
Escape
Two Sri Lankans held captive by Somali pirates for nearly for years had escaped a British mediator working to free the hostages had said, but four of their colleagues had died during the ordeal.The two men and a woman had been travelling in a convoy guarded by armed police, were seized by gunmen in ambush […]
Sri Lanka keeper ready for England backlash
NORTHAMPTON, June 7, 2014 (AFP) – Sri Lanka wicketkeeper Prasanna Jayawardene said he expected England to “come hard” during this month’s two-Test series.The tourists took a five-match one-day series 3-2 with a six-wicket win at Edgbaston on Tuesday — a result overshadowed by the controversy surrounding the run out backing up or ‘Mankading’ of England’s […]
Sri Lanka arrests more Indian fishermen as tensions rise
COLOMBO, June 8, 2014 (AFP) – Sri Lanka’s navy said Sunday it has arrested 73 Indian fishermen for illegal poaching amid heightened tensions between the neighbours over the long-standing issue.During their discussions, Rajapakse and Modi agreed to continue official-level talks for a permanent solution to poaching, a major irritant in bilateral ties.The two countries are […]
Sri Lanka stocks close lower
June 06, 2014 (LBO) – Sri Lanka’s stocks closed lower with tobacco stocks losing ground despite net foreign buying mostly into Royal Ceramics, brokers said. AIA Insurance closed 20.00 rupees lower at 270.00 rupees and HNB closed 1.10 rupees lower at 156.40 rupees. Carson Cumberbatch closed 2.90 rupees higher at 402.00 rupees and its oil […]
Loan Demand
June 6, 2014 (LBO) – Sri Lanka’s DFCC says it has seen a sharp rise in credit demand with new approvals rising to 34.6 billion rupees from 23.4 billion rupees a year earlier, though draw downs are just picking up.DFCC Bank group which has assets of 177 billion rupees said amid a rise of all […]
Japan to be first stop for India PM Modi: report
TOKYO, June 6, 2014 (AFP) – Japan could be the first foreign destination for new Indian Prime Minister Narendra Modi, Japanese media reported Friday, suggesting the trip could happen as early as this month.Coming top of Modi’s travel itinerary would mark a diplomatic coup for Japan, whose Prime Minister Shinzo Abe is looking to boost […]
Ton-up Silva and Thirimanne star for Sri Lanka
NORTHAMPTON, June 5, 2014 (AFP) – Kaushal Silva and Lahiru Thirimanne both scored hundreds as Sri Lanka compiled 358 for three on the opening day of their tour match against Northamptonshire.The compact Silva pulled Coetzer for four to complete a 123-ball fifty while left-hander Thirimanne square-cut spinner Spriegel to the boundary to reach the landmark […]