Category:
Sri Lanka stocks close down 0.7-pct
Aug 05, 2013 (LBO) – Sri Lanka’s stocks closed down 0.68 percent Monday with losses in the large cap stocks and banking stocks, brokers said. The benchmark Colombo All Share Index closed 0.68 points lower at 6,114.18 and the S&P SL 20 Index closed 19.10 points lower at 3,471.47 down 0.55 percent. Turnover was 288 […]
Mega Hub
Aug 05, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa declared open a new container terminal Tuesday, making Colombo the only port in South Asia that can handle the Triple E class large container ships. President Rajapaksa said building ports was part of his five hub strategy, after formally commissioning the loading of a CMA-CGM […]
Shipping Hub
August 05, 2013 (LBO) – Sri Lanka can become a shipping hub with the opening of the 500 million US dollar port Monday which will help secure maritime supply routes, a senior official said. “Sri Lanka has a window of opportunity to get into and become a shipping hub with the opening of the new […]
‘s Education
August 05, 2013 (LBO) – Sri Lanka’s public sector dominated education sector needs more private partnerships Asian Development Bank country director, Rita O’Sullivan said. Resource persons include IMF’s Sri Lanka resident representative Koshy Mathai, Lloyd Fernando, Indrajit Aponsu, W A Wijewardena, Saman Kelegama, Uditha Liyanage and Rohan Perera. “There is a need to invest in […]
Sri Lanka Crown casino project told to shift: report
Aug 05, 2013 (LBO) – A 350 million US dollar proposed casino resort has been told to shift or change its design so that a lake can be seen through the project, a media report said.The land was recently transferred to the project on a long-term lease but the report said had been first given […]
Dominant South Africa seal T20 series defeating Sri Lanka
HAMBANTOTA, August 4, 2013 (AFP) – South Africa defeated Sri Lanka by 22 runs in the second Twenty20 international in wind-swept Hambantota on Sunday to take an unassailable 2-0 lead in the three-match series. The tourists were unchanged for the second game, while Sri Lanka brought in Jayawardene and Kulasekara in place of Tillakaratne Dilshan […]
Hundreds denounce army killing of Sri Lanka protesters
August 5, 2013 (AFP) – Several hundred anti-government supporters staged a rare protest Monday in Sri Lanka’s capital to denounce a deadly army crackdown on villagers who were demonstrating against contaminated water supplies.Sri Lanka has denied that its troops were responsible for killing civilians or committing any war crimes. Around 300 followers of the left-wing […]
Sri Lanka steps up security as protest toll rises
COLOMBO, August 4, 2013 (AFP) – Police poured into a village near Sri Lanka’s capital ahead of the funeral Sunday of a teenager shot dead by troops during a protest against contaminated water, residents said. Criticism by the opposition and rights groups of the army’s use of force has mounted since the shootings.Private television networks […]
‘s faster growth bucking trend: Fitch
Aug 05, 2013 (LBO) – Sri Lanka’s economy is growing faster despite a slow global recovery, but the country needs more savings and foreign direct investments to reduce borrowings, senior rating analysts at Fitch said.Andrew Colquhoun, senior director and head of Asia Pacific sovereign ratings said a global recovery was still patchy, with the outlook […]
Port Project
COLOMBO, August 4, 2013 (AFP) – A 0 million Chinese-built port opens Monday in Sri Lanka, giving Beijing a vital foothold on the world’s busiest international shipping lane as it seeks to secure maritime supply routes. Hambantota, which is just 12 kilometres (7.5 miles) away from the East-West sea lane, is being promoted as a […]
Second Sri Lankan dies after troops fire on villagers
COLOMBO, August 3, 2013 (AFP) – A second Sri Lankan protester died from wounds suffered when troops fired on villagers demonstrating against contaminated water supplies, police said Saturday, as tensions remained high in the area. Dipped Products Ltd, a publicly quoted company that maintains the manufacturing plant, said Friday it was confident the water issue […]
Punished
WASHINGTON, August 2, 2013 (AFP) – Three convicted Somali pirates escaped the death penalty Friday when a US jury sentenced them to life in prison for the high-seas murder of four Americans in the Indian Ocean. Federal prosecutors had sought the death penalty for Ahmed Muse Salad, 25, Abukar Osman Beyle, 20, and Shani Nurani […]