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Sri Lanka arrests more Indian fishermen as tensions rise
COLOMBO, June 8, 2014 (AFP) – Sri Lanka’s navy said Sunday it has arrested 73 Indian fishermen for illegal poaching amid heightened tensions between the neighbours over the long-standing issue.During their discussions, Rajapakse and Modi agreed to continue official-level talks for a permanent solution to poaching, a major irritant in bilateral ties.The two countries are […]
Sri Lanka stocks close lower
June 06, 2014 (LBO) – Sri Lanka’s stocks closed lower with tobacco stocks losing ground despite net foreign buying mostly into Royal Ceramics, brokers said. AIA Insurance closed 20.00 rupees lower at 270.00 rupees and HNB closed 1.10 rupees lower at 156.40 rupees. Carson Cumberbatch closed 2.90 rupees higher at 402.00 rupees and its oil […]
Loan Demand
June 6, 2014 (LBO) – Sri Lanka’s DFCC says it has seen a sharp rise in credit demand with new approvals rising to 34.6 billion rupees from 23.4 billion rupees a year earlier, though draw downs are just picking up.DFCC Bank group which has assets of 177 billion rupees said amid a rise of all […]
Japan to be first stop for India PM Modi: report
TOKYO, June 6, 2014 (AFP) – Japan could be the first foreign destination for new Indian Prime Minister Narendra Modi, Japanese media reported Friday, suggesting the trip could happen as early as this month.Coming top of Modi’s travel itinerary would mark a diplomatic coup for Japan, whose Prime Minister Shinzo Abe is looking to boost […]
Ton-up Silva and Thirimanne star for Sri Lanka
NORTHAMPTON, June 5, 2014 (AFP) – Kaushal Silva and Lahiru Thirimanne both scored hundreds as Sri Lanka compiled 358 for three on the opening day of their tour match against Northamptonshire.The compact Silva pulled Coetzer for four to complete a 123-ball fifty while left-hander Thirimanne square-cut spinner Spriegel to the boundary to reach the landmark […]
Sri Lanka stocks close down 0.1-pct
June 05, 2014 (LBO) – Sri Lanka’s stocks closed lower with telco stocks losing ground despite strong foreign buying backed by lower interest rate expectations, brokers said. The Colombo benchmark All Share Price Index closed 0.09 points lower at 6,280.16, down 0.09 percent. The S&P SL20 closed 1.43 points higher at 3,473.43, up 0.04 percent. […]
Bengal Port
DHAKA, June 4, 2014 (AFP) – Bangladeshi Prime Minister Sheikh Hasina is likely to seek Chinese funding to build a deep sea port in the Bay of Bengal when she visits Beijing later this week, officials said Wednesday. The proposed port on Sonadia Island off Bangladesh’s southeast coast would cost billions of dollars, but Bangladeshi […]
Court Order
June 05, 2014 (LBO) – Sri Lanka’s courts have ordered the liquidation of Touchwood, a controversial forestry investment company, but a appeal of the decision is planned, a media report said.Meanwhile recent media reports said trees in some forestry plantations and some investors were attempting to prevent it. Adaderanabiz.lk, a Colombo based business news portal […]
Sri Lanka includes natural gas in power planning studies
June 5, 2014 (LBO) – Sri Lanka’s state-run power utility has included natural gas in power generation planning studies for the first time, with prospects of gas being found in the country.In one study scenario where no coal plants after the current ones being planned for Trincomallee, the Ceylon Electricity Board’s long term generation plan […]
Sri Lanka Treasuries edge lower
June 04, 2014 (LBO) – Sri Lanka’s Treasuries yield edged lower at Wednesday’s auction, with the 6-month yield down 02 basis points to 6.73 percent, the state debt office said. The debt office said 1.20 billion rupees in 3-month bills, 2.06 billion in 6-month bills and 15.83 billion in 12-month bills totaling 19.09 billion rupees […]
Sri Lanka stocks close flat
June 04, 2014 (LBO) – Sri Lanka’s stocks closed flat Wednesday despite strong foreign buying, brokers said. Ceylon Cold Stores closed 4.00 rupees lower at 157.00 rupees and John Keells Hotels closed 30 cents lower at 15.20 rupees. Commercial Leasing and Finance closed 10 cents lower at 4.00 rupees. The Colombo benchmark All Share Price […]
Another Feather
June 4, 2014 (LBO) – Sri Lanka based MillenniumIT, a unit of London Stock Exchange said its products have been selected by Aequitas Innovations in Canada which is building a new securities exchange. “This is a significant win for us our suite of capital markets technology has been chosen to launch this new exchange, which […]