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‘s rupee hits record low against the dollar
MUMBAI, June 10, 2013 (AFP) – India’s rupee hit a record low of 57.54 against the dollar on Monday on growing demand for dollars among oil importers, while the greenback was also boosted by upbeat US jobs data.The partially convertible rupee hit its previous low of 57.32 against the dollar on June 28 last year.On […]
AirAsiaX plans huge fleet expansion with IPO
KUALA LUMPUR, June 10, 2013 (AFP) – Malaysian long-haul budget carrier AirAsia X said Monday it plans to use proceeds from a public listing to more than triple its fleet in the next four years to meet demand in Asia-Pacific.Aviation tycoon Tony Fernandes said the long-haul arm of budget giant AirAsia hopes to raise up […]
Cricket: Two Sri Lankans pulled up for excessive appealing
CARDIFF, June 9, 2013 (AFP) – Former Sri Lankan captains Mahela Jayawardene and Tillakaratne Dilshan have been reprimanded for appealing excessively during Sunday’s tense Champions Trophy clash against New Zealand.The charges against Jayawardene and Dilshan were laid by on-field umpires Bruce Oxenford and Rod Tucker, and television umpire Ian Gould. An official reprimand is the […]
19 dead as monsoon lashes Sri Lanka
COLOMBO, June 9, 2013 (AFP) – Monsoon rains and strong winds in Sri Lanka have killed at least 19 people with dozens more missing, most of them fishermen caught in rough seas, officials said on Sunday. A 20-foot (17-metre) long whale washed ashore in Colombo on Saturday while a stranded giant sea turtle was rescued […]
Moving Foreward
June 08, 2013 (LBO) – Sri Lanka’s Kia automobile distributor which launched the 2013 Sorento sport utility model in Colombo is banking on tax slashed permits issued to state workers to sell the vehicles, an official said.“We haven’t gone in to those markets yet but I am sure there is potential,” Perera said.“I guess with […]
Five dead, dozens missing as monsoon lashes Sri Lanka
June 8, 2013 (AFP) – At least five people were killed and dozens were missing as strong monsoon rains and wind lashed Sri Lanka on Saturday, damaging buildings on the tropical island, police said.Five people were confirmed dead, four at sea and one on land, while dozens of fishermen were missing, police spokesman Buddhika Siriwardena […]
‘s spin trial
CARDIFF, June 8, 2013 (AFP) – New Zealand are preparing to face a spin barrage from Sri Lanka when the two sides meet in the Champions Trophy in Cardiff on Sunday.But Sri Lanka still lost that game with one over to spare as India rode Dinesh Karthik’s unbeaten 106 and Virat Kohli’s 144 to a […]
Berth Building
May 06, 2013 (LBO) – State-run Sri Lanka Ports Authority has contracted Hyundai Engineering to build a 36 billion rupee berth in an expansion project of the Colombo port, the state information office said.The cabinet of ministers had given the nod to proceed with the project. The berth will be built on the East Terminal […]
Sri Lanka Sunshine Holdings cuts plantations unit stake
June 7, 2013 (LBO) – Sri Lanka’s Sunshine Holdings said it had sold a stake in its plantations unit to Pyramid Wilmar Plantations (Pvt) Ltd, for 910.3 million rupees. The sale cut its stake in Estate Management Services (Pvt) Ltd to 33.15 percent from 51 percent by the sale of 5.59 million shares, the firm […]
Sri Lanka to assess marine fish stocks
June 07, 2013 (LBO) – Sri Lanka will conduct a comprehensive marine fisheries stock assessment in 2013 for the first time in nearly four decades with Thai assistance, an official said. Fisheries minister Rajitha Seneratne said last month that fishing vessels from Japan to be run by Koyoshi Kimura, a sushi restaurant chain owner known […]
‘s SMI Housing in US$10mn apartment complex
June 7, 2013 (LBO) – A 26-storey apartment block will be built with a 10 million US dollar investment at Deal Place, in an up market suburb in Sri Lanka’s capital Colombo, the state investment promotion agency said.The Board of Investment of Sri Lanka which gives tax breaks SMI Housing, said the developer will construct […]
Sri Lanka businesses warned on planned media curbs
June 07, 2013 (LBO) – Sri Lanka’s businesses had been warned on the future effects on liberty in the island following attempts to impose fresh controls on the media through a ‘code of ethics’. Government officials have said it does not amount to a new law but critics say the island has a history of […]