Category:
” by Fitch
Apr 07, 2014 (LBO) – Fitch Ratings has given a ‘BB-‘ ‘Expected’ rating for Sri Lanka’s 500 million US dollar sovereign bond. Fitch said a fiscal deficit of 5.9 percent of gross domestic product in 2013 and a debt burned of 78.3 percent of GDP was at “relatively high levels’ but the 2014 budget signaled […]
Sri Lanka shares end down 0.1-pct
Apr 07, 2014 (LBO) – Sri Lanka’s shares end in the red Monday with finance and insurance sector losing ground, brokers said. The Colombo benchmark All Share Price Index closed 6.17 points lower at 6,048.38 down 0.10 percent. The S&P SL20 closed 1.67 points lower at 3,321.43, down 0.05 percent. Turnover was 537.61 million rupees, […]
Fast Net
Apr 07, 2014 (LBO) – Sri Lanka Telecom, the country’s only wireline operator said it had launched a fibre-to-the-home service offering fast broadband service through its optical fibre network.SLT said the a demonstration at the office Telecommunication Regulatory Commission of Sri Lanka (TRCSL) in Narenhpita, a suburb of the capital Colombo, reached download speeds of […]
‘s biggest election
DIBRUGARH, April 7, 2014 (AFP) – Indians began voting in the world’s biggest election Monday which is set to sweep the Hindu nationalist opposition to power at a time of low growth, anger about corruption and warnings about religious unrest. India’s 814-million-strong electorate are forecast to inflict a heavy defeat on the ruling Congress party, […]
Rotana Jet starts Sri Lanka flights to Colombo, Matala
Apr 07, 2014 (LBO) – Abu Dhabi based Rotana Jet said will start flying to Sri Lanka’s Colombo and Matala airports from April 09, three times a week.The airline will use Airbus 319 aircraft from Al Bateen Airport in Abu Dhabi on Wednesdays, Thursdays and Saturdays. The airline said it hopes to increase frequencies to […]
‘s Lankem Ceylon ups effective control of power firm
Apr 07, 2014 (LBO) – Sri Lanka’s Lankem Ceylon Plc said it is buying a 43.5 percent stake in Waverly Power (Pvt) Ltd, a hydro electricity company for 102 million rupees.The stake was held by another Lankem unit, Agarapatana Plantations Ltd, Lankem said in a stock exchange filing. Agarapanta is not a listed company. Prior […]
Cricket: Sri Lanka brace for biggest party after war
COLOMBO, April 7, 2014 (AFP) – Sri Lanka was preparing to throw its biggest party since the end of the country’s ethnic war Monday after beating India in the final of cricket’s World T20 tournament. Government officials said that arrangements were being made to fly the team home early from Bangladesh to attend a ticker-tape […]
Sri Lanka finally taste Cup success as India crumble
DHAKA, April 7, 2014 (AFP) – Sri Lanka’s stunning victory over India in the World Twenty20 final underlines how success in hit-and-run cricket depends not on form, but on how a team performs over those three hours in the field. Singh’s inconsistent form, which has already seen the cancer survivor axed from the Test and […]
Cricket: Sri Lankan suffers heart attack after betting on India
COLOMBO, April 7, 2014 (AFP) – A Sri Lankan fruit seller suffered a massive heart attack and died after he lost a $300 bet that India would win the cricket World T20 tournament, police said Monday. S. P. Kumara placed the 40,000-rupee bet on the eve of Sunday’s final, wrongly predicting that Sri Lanka would […]
Cricket: Sri Lanka beat India to win World Twenty20
DHAKA, April 6, 2014 (AFP) – Kumar Sangakkara hit a memorable half-century to help Sri Lanka to a six-wicket victory over India in the World Twenty20 final in Dhaka on Sunday. The veteran left-hander knocked a 35-ball 52 not out in his last Twenty20 match to guide the Sri Lankan chase of a modest 131-run […]
Sri Lanka celebrates biggest cricket win in 18 years
COLOMBO, April 6, 2014 (AFP) – Sri Lanka fans at home burst firecrackers and danced on the streets as the national team won the World Twenty20 title beating India by six wickets in Dhaka on Sunday. Instant celebrations broke out at cricket grounds and public parks in the capital Colombo as well as in suburban […]
’s social progress, as depicted by Michael Porter
Apr 07, 2014 (LBO) – Michael Porter has been one of the most successful business theorists. It could even be said that certain parts of business curricula were invented by him. Like most business-school professors, he likes markets, dislikes excessive government intervention and subsidies and so on. Porter, we are informed by Nicholas Kristof of […]