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Sri Lanka shares close up 0.7-pct
June 13, 2014 (LBO) – Sri Lanka’s shares closed 0.70 percent higher on Friday ending the week on a strong note, brokers said. Nestle Lanka closed 47.10 rupees higher at 1,997.00 rupees and Sri Lanka Telecom closed 1.10 rupees higher at 48.00 rupees, contributing most to the index gain. Lanka Orix Leasing Company closed 3.50 […]
‘s second tourist market
June 13, 2014 (LBO) – China overtook the United Kingdom to become the second largest source of tourists to Sri Lanka in May 2014 and is now second only to India, official data showed. Chinese have been travelling out in greater number in the past few years as the country followed sound monetary policy and […]
‘s Aitken Spence buys hotel in India
June 11, 2014 (LBO) – Sri Lanka based Aitken Spence group said it had bought a new 143-room ‘five star’ graded hotel in Chennai, India for 25 million US dollars.The acquisition was made through Aitken Spence Hotel Managements (South India) Private Limited, the company said in a stock exchange filing. The Indian arm was 49 […]
Root holds firm after Broad bolsters England total
LONDON, June 13, 2014 (AFP) – Joe Root passed 150 after Stuart Broad’s quickfire 47 helped take England to 473 for eight against Sri Lanka at lunch on the second day of the first Test at Lord’s on Friday.But the all-rounder’s run-a-ball 19 came to an end when he lobbed a gentle catch off Eranga […]
Ton-up Root turns Sri Lanka tide at open
LONDON, June 12, 2014 (AFP) – Joe Root’s second hundred in as many Lord’s Tests was the cornerstone of England’s recovery on the first day of their series opener with Sri Lanka on Thursday. Sri Lanka appealed for lbw but Reiffel ruled in Prior’s favour and, despite a review, the ‘umpire’s call’ stood after replays […]
‘s Central Bank responds to concerns over foreign debt measurements
June 14, 2014 (LBO) – Sri Lanka’s Central Bank has responded to recent warnings over rising foreign debt by the government and other entities. The Central Bank said its analysis was based on central government debt. It points out that excluding inflows such as remittances also does not present a correct picture. Even more than […]
Sri Lanka journalists fear new government crackdown
COLOMBO, June 11, 2014 (AFP) – Sri Lankan media rights activists Wednesday accused the government of a new crackdown against reporters as the country faced a UN-led international war crimes probe. Dozens of pro-government supporters threatened violence and broke up an investigative journalism training workshop at the weekend, said Transparency International Sri Lanka (TISL) which […]
Sri Lanka to get US$1.4bn from ADB over four years
June 12, 2014 (LBO) – Sri Lanka will get 1.4 billion US dollars from the Asian Development Bank over the next four years to finance health, sanitation education and energy, officials said.In 2014 ADB is expected to disburse 406 million US dollars for ongoing projects. “ADB remains active in Sri Lanka and we want to […]
Sri Lanka shares close flat
June 11, 2014 (LBO) – Sri Lanka’s shares closed flat on Wednesday despite strong foreign buying, brokers said. Lanka Orix Leasing Company closed 2.30 rupees higher at 87.30 rupees and Lion Brewery Ceylon closed 7.90 rupees higher at 433.00 rupees. John Keells Hotels closed 40 cents higher at 15.30 rupees and Aitken Spence Hotel Holdings […]
Awarded
June 11, 2014 (LBO) – MindShare Sri Lanka, a GroupM agency, said it had won silver at GoaFest2014 for an advertisement of Sunlight, a product of Unilever. The advertising festival is organized Advertising Agencies Association of India (AAAI) and The Advertising Club. Mindshare Sri Lanka, had won Silver in the ˜Best Integrated Campaign for the […]
Emirates cancels order for 70 Airbus planes
PARIS, June 11, 2014 (AFP) – Emirates airline announced on Wednesday that it had cancelled an order for 70 long-haul A350 planes from European manufacturer Airbus.The decision was taken following “on-going discussions with the airline in light of their fleet requirement review”, Airbus said on Wednesday. Airbus added that it was still very confident in […]
Cricket: New-look England seek home comfort against Sri Lanka
LONDON, June 11, 2014 (AFP) – England will look to put the memory of their 5-0 Ashes drubbing in Australia behind them and prove there is Test life beyond Kevin Pietersen when they face Sri Lanka in the first of a two-match series at Lord’s on Thursday. What the run-out row also did was obscure […]