Category: Industry
‘s resistance to foil Sri Lanka
DUBAI, January 11, 2014 (AFP) – Skipper Misbah-ul Haq led Pakistan’s resistance with a gritty 97 to thwart Sri Lanka’s victory bids on the fourth day of the second Test in Dubai on Saturday. Misbah missed his sixth Test hundred by a mere three runs but a career best 70 not out by Sarfraz Ahmed […]
Dominant Sri Lanka beat Pakistan in second cricket Test
DUBAI, January 12, 2014 (AFP) – Sri Lanka produced a professional performance to register their biggest victory over Pakistan by nine wickets in the second Test in Dubai, taking a 1-0 lead in the three-match series. Lakmal then had Rahat Ali caught behind for eight, for Prasanna Jayawardene’s ninth catch in the match. Prasanna equalled […]
Sri Lanka authorities in talks over Paypal freedoms
Jan 12, 2014 (LBO)- Sri Lanka’s monetary and information technology authorities are in discussions over freeing Paypal inward payments for citizens in the country, Central Bank Governor Nivard Cabraal said.Sri Lanka had full capital mobility for several centuries until the establishment of a money printing central bank in 1951, which led to currency depreciation due […]
Funding Channel
Jan 12, 2014 (LBO) – Private equity can help fast growing small and medium enterprises looking for finance Jupiter Capital Partners which is organizing a seminar targeting the sector said.“There are a lot of small medium and enterprise with very interesting business models who cannot grow without traditional banking and finance cannot accommodate them,” Indika […]
Cricket: Ton-up Jayawardene gives Sri Lanka upper hand
DUBAI, January 9, 2014 (AFP) – Mahela Jayawardene defied a left-hand webbing injury to notch his 32nd century and Kaushal Silva missed his by five runs as Sri Lanka gained an upper hand over Pakistan in the second Test in Dubai on Thursday.Pakistan’s bowling woes were highlighted by Ajmal’s failure for a second successive innings. […]
Staff Policy
Jan 10, 2014 (LBO) – Sri Lanka’s finance companies which are being encouraged to merge with one another should not retrench staff, Central Bank Governor Nivard Cabraal said. The monetary board, the decision-making body of the Central Bank has decided on the move at a meeting Thursday. “In the event of a consolidation or merger […]
Sri Lanka thermal energy generation up
Jan 09, 2014 (LBO) – Thermal generation at Sri Lanka’s state-run power utility has reached 70 percent with a sharp drop in cheap hydro generation amid dry weather, official data shows.On January 07, Ceylon Electricity Board generated 69.9 percent of its daily 32.5 GigaWatts (millions of units of electricity) from thermal sources with hydro at […]
Sri Lanka tourist arrivals reach 2013 target after data revision
Jan 08, 2014 (LBO) – Sri Lanka said it had received 1.27 million tourists, topping a 1.2 million target for 2013 after changing the method of calculation, as concern grows over the credibility of state data.The latest tourism statistical reports come amid a call by business chambers to probe allegations of manipulating gross domestic product […]
Sixer
Jan 08, 2014 (LBO) – HSBC said it had helped sell the sixth Sri Lanka sovereign bond with the latest one billion US dollar 5-year bond.“Counting over 120 years in Sri Lanka, we are the only bank to have consecutively partnered the Government of Sri Lanka on all of its sovereign bond issuances since 2007,” […]
Ton-up Mathews helps Sri Lanka foil Pakistan
ABU DHABI, January 3, 2014 (AFP) – Sri Lankan captain Angelo Mathews hit a pugnacious hundred to pull Sri Lanka out of trouble on the fourth day of the first Test against Pakistan in Abu Dhabi on Friday.Mathews notched up 116 not out under pressure for his second Test hundred and put on invaluable 138-run […]
Ton-up Younis, Misbah give Pakistan control
ABU DHABI, January 1, 2014 (AFP) – Exepreienced batsmen Younis Khan and Misbah-ul Haq hit sparkling hundreds as Pakistan took command of the first Test in Abu Dhabi on Wednesday.Shehzad also miscued a hook shot and was caught at forward square-leg by Dimuth Karunaratne after hitting three boundaries. But after those two wickets, Misbah and […]
Liberty
Jan 02, 2014 (LBO) – Sri Lanka has lifted a 100 percent cash margin requirement to import cars with immediate effect, as the exchange rate came under appreciating pressure, and the monetary authority held it down.The Central Bank said the restriction imposed on August 30, 2013 has been removed. The monetary authority has been buying […]