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Extinct bat found in Papua New Guinea
SYDNEY, June 4, 2014 (AFP) – A big-eared bat which was thought to be extinct has been found in a forest in Papua New Guinea, highlighting the unique biodiversity of the developing nation, researchers said Wednesday. Until the find the bat, or Pharotis imogene, had not been seen in 120 years. “The species was presumed […]
Flipkart battles Amazon for India e-shopping dominance
NEW DELHI, June 4, 2014 (AFP) – India’s online retailers are bulking up on acquisitions and funding as they battle the world’s biggest Internet shopping giant, Amazon, for supremacy in the hyper-competitive domestic market.Late last month, Flipkart, India’s largest e-shopping portal, announced the takeover of rival Myntra in a deal analysts estimated at 0 million […]
Cricket: Buttler should have been recalled says Ranatunga
COLOMBO, June 4, 2014 (AFP) – Former skipper Arjuna Ranatunga Wednesday said Sri Lanka was right to run out England’s Jos Buttler, but felt he should have been recalled in the spirit of the game. “We should have got him out and then (Sri Lankan captain) Angelo (Mathews) called him back to play,” Ranatunga told […]
” up England-Sri Lanka Tests
BIRMINGHAM, June 3, 2014 (AFP) – England captain Alastair Cook said he expected the controversial run out of Jos Buttler during the fifth one-day international against Sri Lanka to “spice up” the forthcoming Test series between the teams.Cook insisted a “line had been crossed” after Sachithra Senanayake ran out England’s Jos Buttler as the non-striker […]
Cricket: Sri Lanka win series against England
BIRMINGHAM, June 3, 2014 (AFP) – Sri Lanka proved too strong with both ball and bat as they beat England by six wickets in the fifth and final one-day international at Edgbaston on Tuesday to clinch a 3-2 series victory.First paceman Lasith Malinga took three for 50 as Sri Lanka restricted England to 219 all […]
Sri Lanka eyes nuclear power plant after 2030
June 4, 2014 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has included nuclear power for the first time as a possible power generation option in 2031 in its latest study of long term generation capacity.CEB long term generation plan has studied nearly 20 different scenarios along with a base case scenario with the lowest […]
Sri Lanka hikes milk powder taxes as world prices fall
June 4, 2014 (LBO) – Sri Lanka has hiked import levies on milk powder by 56 percent keeping prices high while world prices continue to fall, giving more revenue to the state.Amid competition cement prices however came down as clinker prices fell, and is now being retailed 15 to 20 rupees below the government mandated […]
Sri Lanka stocks close down 0.1-pct
June 03, 2014 (LBO) – Sri Lanka’s stocks closed down 0.10 percent on Tuesday amid low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.39 points lower at 6,286.02 down 0.10 percent. The S&P SL20 closed 0.56 points higher at 3,470.75, up 0.02 percent. Turnover was 405.22 million rupees, down from […]
” adventure tourism push
June 3, 2014 (LBO) – Sri Lanka national carrier and Lanka Sportreizen, a travel firm is planning an annual cross-country adventure tournament in an effort to boost tourism in the country, officials said. “We like to encourage more adventure tourists to come into Sri Lanka,” G T Jeyaseelan, Chief Marketing officer of SriLankan Airline said. […]
Football Boost
June 03, 2014 (LBO) – Allianz Lanka, a unit of Germany’s Allianz said it will select two young football players for a training camp in Germany with Bayern Munchen club, for the second time. In addition to 50 brand offices, applications are also on www.allianz.lk, which have a deadline of June 25, the company said. […]
Indian central bank keeps rates steady
MUMBAI, June 3, 2014 (AFP) – India’s hawkish central bank kept key interest rates unchanged Tuesday at its first meeting to set monetary policy since new pro-growth Prime Minister Narendra Modi took office.After meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said the benchmark repo rate, at which it lends to […]
‘s LTL Holdings wins Nepal transformer order: report
June 03, 2014 (LBO) – Sri Lanka-based LTL Holdings has won an order to supply more than a 1000 transformer to the Nepal Electricity Authority (NEA), a media report said. The report said Nepal needs 2,000 to 3,000 and the power authority. “It has been more than two years since the NEA last purchased transformers,” […]