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‘s President Sang: interview
Dec 10, 2011 (LBO) – Vietnam is a country which left behind a bitter war civil war with foreign involvement to become a fast growing nation and a top destination for global foreign direct investments following its Äổi Má»›i or (renewal) political and market reforms starting from 1986. Vietnam built bridges both internally and externally […]
Sri Lanka draws Indian investors
Dec 10, 2011 (LBO) – Indian companies are keen to invest in post-war Sri Lanka given its growth prospects and are looking for opportunities, officials of Price Waterhouse Coopers India said. “These Indian entrepreneurs are looking at the emerging middle class which was the engine of growth for them in India,” he said. Indian businessmen […]
Sri Lanka forex reserves slip 12-pct in Sept to US$7.0bn
Dec 09, 2011 (LBO) – Sri Lanka’s foreign reserves slipped 11.8 percent to 7,095 million US dollars by end September from a month earlier, amid defence of a soft dollar peg, official data showed. The trade deficit expanded 93.6 percent to 6.8 billion US dollars. The trade gap is driven by income derived from net […]
Sri Lanka stocks end down 0.5-pct
Dec 09, 2011 (LBO) – Sri Lankan stocks closed weaker Friday, sinking below the 6,000 point mark in thin trade with an investor continuing to accumulate shares of Distilleries Company, brokers said. The main All Share Price Index fell 0.51 percent (30.75 points) to 5,996.44, while the more liquid Milanka index fell 0.34 percent (17.85 […]
Sri Lanka tourist arrival up 25.8-pc up in November
Dec 09, 2011 (LBO) – Sri Lanka’s tourist arrivals rose 25. 8 percent to 90,889 in November 2011 with arrivals during the 11 months to November rising 33. 1 percent to 758,458 data from the tourism promotion office said. In the 11 months to November total visitors from South Asia rose 38.8 percent to 211,777. […]
‘s Galle Literary Festival 2012 in final stretch
Dec 09, 2011 (LBO) – The program Sri Lanka’s HSBC Galle Literary Festival 2012 is the last stages of being finalized and tickets will go on sale from January 04, organizers said. The festival runs from January, 18 to 22. Among the writers confirmed to attend are Joanne Trollope, Richard Dawkins, Tom Stoppard, D. B.C […]
Sri Lanka top tuna loin exporter to EU
Dec 09, 2011 (LBO) – Sri Lanka has emerged as the top tuna loin exporter to the European Union and is ramping up production aiming to earn a billion dollars from fishery exports in nine years, an official said. Senaratne said the island had cracked down on illegal and destructive fishing methods like bottom trawling […]
Sri Lanka rubber, food products boost Sept exports
Dec 09, 2011 (LBO) – Sri Lanka’s exports in September 2011 rose 20 percent to 854 million US dollars from a year ago, helped by higher shipments of garments and rubber and food products, the central bank said. Earnings from minor agricultural exports also grew by 12 per cent in September 2011. “Expenditure on imports […]
Sri Lanka reaches billion dollar FDI volume in 2011: minister
Dec 09, 2011 (LBO) – Sri Lanka has reached a highest ever foreign direct investment volume of a billion US dollars by November 2011, deputy economic development minister Lakshman Yapa Abeywardene said. “This includes state land sales,” minister Abeywardene said. “Land purchases are an integral part of an investment project. By November 2011 we have […]
Sri Lanka lawmaker speaks for food freedoms, voiceless minority
Dec 09, 2011 (LBO) – A Sri Lankan lawmaker has spoken out for food freedoms, after a fellow parliamentarian and prime minister proposed banning an imported food heavily consumed by Tamil speaking minority citizens. Harsha de Silva, a lawmaker representing Sri Lanka’s main opposition spoke out against a proposal by Prime Minister D M Jayaratne […]
Sri Lanka stocks flat
Dec 08, 2011 (LBO) – Sri Lankan closed slightly weakener Thursday, staying just above the 6,000 point mark in thin trade, with prices of two firms which revealed fraud falling sharply, brokers said. There was a crossing or off-market private deal of 458,040 shares of Distilleries Company at 150 rupees each, the price at which […]
Fast Travel
Dec 08, 2011 (LBO) – About 5,000 vehicles are using Sri Lanka’s first expressway, the southern expressway, each day on average, Ranjith Pemasiri, the chairman of the road development authority, said. Revenue earned on weekends is about three million rupees a day. The southern expressway, which opened last month, cost about 70 billion rupees to […]