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Sri Lanka local polls swept by ruling party
Mar 18, 2011 (LBO) – Sri Lanka’s ruling United Peoples’ Freedom Alliance of president Mahinda Rajapaksa has comfortably swept local government elections winning most of the 200 plus local bodies in which results were declared. The elections was marred by at least one death following clashes between supporters of the ruling coalition and voter turnout […]
Sri Lanka prepares model in bid for Commonwealth Games
Mar 18, 2011 (LBO) – Sri Lanka has prepared a model with 20 key venues and facilities in its bid to host the 2018 Commonwealth Games in the southern town of Hambantota, the central bank said in a statement. “The key purpose of the CEO’s visit to Sri Lanka will be to understand the steps […]
England stay on track, Akhtar calls it quits
NEW DELHI, March 17, 2011 (AFP) – England stayed alive at the World Cup on Thursday with a dramatic 18-run over the West Indies while international cricket prepared to say farewell to controversial Pakistan star Shoaib Akhtar. Off-spinners James Tredwell and Graeme Swann took seven wickets between them as England triumphed in Chennai. West Indies, […]
Sri Lanka stocks close 2.1-pct higher
Mar 17, 2011(LBO) – Sri Lankan stocks closed 2. 16 percent higher Thursday, rebounding for a second consecutive day after three days of losses with gains seen across the board, brokers said. Piramal Glass closed at 11.40, up 0.50 cents with 2.6 million shares traded. The All Share Price Index closed at 7,269. 59, up […]
Cyber Threat
Mar 17, 2011 (LBO) – Sri Lankan bank customers have been warned by the Information and Communications Technology Agency to be wary of financial fraud by hackers using fake websites of the branches of foreign banks in the island. Its services range from responding to and investigating information security breaches, to preventing security breaches by […]
Durable Sales
Mar 17, 2011 (LBO) – Singer Sri Lanka, a top consumer durables retailer in the island said sales rocketed following a tax cut and a general economic upturn in 2010, though inflationary fears were now creeping in. Singer Sri Lanka, which sells its own brand and several others from Japan, Korea and China said its […]
Atomic Scale
Mar 17, 2011 (LBO) – Japan has sent a nano-technology expert and will provide related equipment to Sri Lanka to help the island develop applications that make exports more competitive. “JICA hopes nanotechnology will not only provide an opportunity to shape up technological advancement in the country but it will also lead to significant breakthroughs […]
‘s mobilephobia and health
Mar 17, 2011 (LBO) – Recently, a student at a Sri Lankan university died. According to reports, he had gone to the third floor of a university residence hall in Belihuloya to make a call on his mobile. I was asked by the media for a comment on the contribution made by the mobile phone […]
Sri Lanka moves against child labour
Mar 17, 2011 (LBO) – The Sri Lankan government plans to allocate more funds to a campaign to eliminate the worst forms of child labour by 2016, a statement said. “The funds will be used to train duty bearers, raise awareness and promote behavioural change amongst communities vulnerable to the worst forms of child labour.” […]
Sri Lanka investors get fast track to settle in Britain
Mar 17, 2011 (LBO) – New visa rules will allow investors and entrepreneurs who invest large sums of money or create jobs and “exceptionally talented migrants” to settle permanently in the UK faster, a statement said. The move is an effort to lure the wealthy and brainy from other countries like India to help the […]
Sri Lanka equities could be buffeted by Japan fallout: brokerage
Mar 17, 2011 (LBO) – Sri Lanka’s economy may not be much affected by the devastation in Japan in the short term but a global fallout may impact commodity prices and capital flows, analysts and officials said. “The direct impact of the Japanese natural disaster on the Sri Lanka economy should be small,” Heraymila Securities […]
Sri Lanka Treasuries flat
Mar 16, 2011 (LBO) – Sri Lanka’s Treasuries yields were flat with only a part of a 9.0 billion stock of maturing bills being sold to real buyers at Wednesday’s auction, the government’s debt office said. Sri Lanka’s inflation rose to 7. 8 percent in February and markets have become jittery with two way quotes […]