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Australian activists say asylum-seeker boat in trouble
SYDNEY, June 28, 2014 (AFP) – Refugee campaigners said Saturday that a boat carrying 153 asylum-seekers was in trouble off a remote Australian island, but the government said there were no significant incidents at sea to report.The 72-foot (22-metre) boat carrying mostly Tamil asylum-seekers, including women and children, left India two weeks ago and was […]
Sri Lanka shares close up 0.6-pct
June 27, 2014 (LBO) – Sri Lanka’s shares closed 0.56 percent higher for the forth consecutive day with tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 35.33 points higher at 6,363.49, up 0.56 percent. The S&P SL20 closed 13.31 points higher at 3,520.85, up 0.38 percent. […]
Sri Lanka support military, education services in Maldives
June 27, 2014 (LBO) – Sri Lanka has offered to train soldiers, teachers and provide scholarships for students and had talks on building coast guard boats for Maldives following a visit by President Mahinda Rajapaksa to the country.The president’s media office said Defence and National Security Minister of Maldives Mohamed Nazim had requested Sri Lanka […]
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June 27, 2014 (LBO) – Sri Lanka’s Ceylon Chamber Chamber of Commerce said incumbent chairman Suresh Shah who was re-elected had called on private business to build peace and harmony.His call comes in the wake of rising nationalism in the country and recent mob attacks on minorities that left three people dead. “I call upon […]
Sri Lanka finds better alternative to Iranian crude: minister
June 27, 2014 (LBO) – Sri Lanka has found a better alternative to Iranian oil to feed its ageing refinery which was not able to get high yield of light distillates from processing other types of crude, Petroleum Minister Anura Yapa said.Yapa denied that Sri Lanka has imported Iranian crude through third parties, though reports […]
Sri Lanka shares close up 0.1-pct
June 26, 2014 (LBO) – Sri Lanka’s shares closed 0.10 percent higher for the third consecutive day with banking stocks gaining amid thin foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.61 points higher at 6,328.16, up 0.10 percent. The S&P SL20 closed 5.99 points higher at 3,507.54, up 0.17 percent. […]
Sri Lanka looking for alternative ways to unload crude: minister
June 26, 2014 (LBO) – Sri Lanka is looking for a small vessel to unload crude mid-sea from tankers and bring oil to a refinery after a hose in an offshore mooring buoy burst, petroleum minister Anura Yapa said. He said if necessary refined products could be imported. Already two thirds of the fuel to […]
‘s Nippon Paint in DIY strategy to kindle demand
June 26, 2014 (LBO) – Sri Lanka’s Nippon Paint Lanka is pushing into the do-it-yourself market as weak spending power coupled with higher labour costs has led to a slump in demand, officials said. “As an industry we are not doing very well. This is not common to us but even the other companies face […]
Sri Lanka Treasuries edge lower
June 25, 2014 (LBO) – Sri Lanka’s Treasuries yield eased lower across maturities at Wednesday’s auction, data from the state debt office said. The debt office said 1.00 billion rupees in 3-month bills, 1.00 billion in 6-month bills and 20.00 billion in one year bills totaling 22.00 billion rupees were sold after offering 12.00 billion […]
Sri Lanka shares close up 0.2-pct
June 25, 2014 (LBO) – Sri Lanka’s shares closed 0.17 percent higher with index heavy John Keells Holdings contributing most to the index gain for the second straight session amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 10.68 points higher at 6,321.55, up 0.17 percent. The S&P SL20 closed […]
Education Hub
June 25, 2014 (LBO) – Villa College, a Maldives-based higher education institute, is setting up an arm in Sri Lanka which will be developed into a residential campus, the state investment promotion agency said.The BOI which gives tax breaks and investment approvals had signed an agreement with Ahmed Anwar, Rector of Villa College and Chief […]
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LEEDS, June 25, 2014 (AFP) – Sri Lanka captain Angelo Mathews had the ideal response to criticism from former England skipper Michael Vaughan regarding the Islanders’ “county” attack after the tourists completed a dramatic Test series win at Headingley.Mathews’s men won the second Test by 100 runs after paceman Shaminda Eranga dismissed England No 11 […]