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Cricket: Sri Lanka defeat sorry England by 157 runs
CHESTER-LE-STREET, May 25, 2014 (AFP) – Sri Lanka came up with the perfect response to their defeat in the first one-day international against England as they swept aside Alastair Cook’s team in the second meeting at the Riverside on Sunday. Ashan Priyanjan added an important 43 runs for the tourists, who set a target of […]
Sri Lanka electricity: Getting what you pay for
May 26, 2014 (LBO) We believe that micro enterprises are important. If they succeed, they become small businesses and then medium enterprises. That is how development happens. We wanted to find out how poor micro enterprises were served by mobile companies and by electricity distribution companies. LIRNEasia conducted random-sample surveys in three countries (actually in […]
‘s forex reserves US$8.1bn; BOP surplus up with weak credit
May 26, 2014 (LBO) – Sri Lanka’s balance of payments surplus or the gap between international receipts and payments widened to 828.8 million US dollars, the Central Bank said as weak domestic credit dampened imports. However when credit is weak not all of the inflows are spent, generating excess liquidity in the domestic money markets […]
Arrested
KUALA LUMPUR, May 25, 2014 (AFP) – Three men suspected of being Tamil Tigers have been arrested in Malaysia, a top police official said Sunday, accusing them of attempting to revive the Sri Lankan separatist group. Khalid Abu Bakar, inspector-general of police, said the trio, who had been in Malaysia since 2004, were arrested in […]
Label Rules
May 25, 2014 (LBO) – Sri Lanka’s Ceylon Tobacco Company Plc, a unit of British American Tobacco said it had gone to Supreme Court again over new labeling regulations, shortly after a court ruling that allowed graphical warnings.The recent court ruling allowed graphic labels covering 50 to 60 percent of the area of a pack […]
Football: Afghan players injured in Maldives bus crash
COLOMBO, May 24, 2014 (AFP) – Five players and two officials of the Afghan national team were injured in a road accident in the Maldives Saturday after an AFC Challenge Cup match, a report said.Afghan skipper Haroon Fakhrudin was among those hurt when the team bus crashed into a motorcycle while returning to a hotel […]
England skipper face injury doubt before Sri Lanka match
LONDON, May 24, 2014 (AFP) – England captain Alastair Cook could be ruled out of Sunday’s second one-day international against Sri Lanka at Chester-le-Street with a groin injury.Eoin Morgan — who led the Twenty20 side last week in place of the injured Stuart Broad — could again step in as captain should Cook miss out. […]
Sri Lanka employment diversity forum by SLASSCOM with all female panel
May 25, 2014 (LBO) – Sri Lanka’s information technology chamber is has organized a forum on workplace diversity, with a top Microsoft executive and academic to deliver the keynote speech. Sri Lanka Association of Software and Service Companies (SLASSCOM) is hosting the breakfast briefing on Increasing Diversity and Inclusiveness in the Contemporary Workforce on Tuesday […]
Sri Lanka elephants migrate from Canada to US
WASHINGTON, May 24, 2014 (AFP) – Three female Asian elephants took up residence at the Smithsonian’s National Zoo in Washington on Friday after a 2,500-mile (4,000-kilometer) road trip from western Canada.Now in quarantine for 30 days as they adapt to their new surroundings, the immigrant pachyderms can be seen on the National Zoo’s “elephant cam” […]
Sri Lanka EPF running out of cash as workers age: legislator
May 24, 2014 (LBO) – Sri Lanka’s Employee’s Provident Fund is running out of new cash to repay beneficiaries as the private sector population age rapidly but attempts by the state to deny withdrawals at maturity will be resisted, a legislator said.Withdrawals were 48.7 billion rupees in 2012 and 50.2 billion rupees and the cash […]
‘s data which could be used to expand ruler powers over people flawed: report
LONDON, May 24, 2014 (AFP) – French economist Thomas Piketty’s best-selling book on income inequality is flawed by errors in his data, the Financial Times newspaper said Saturday.An investigation by the British broadsheet found there was little evidence in the 43-year-old’s original sources to underpin his argument that an increasing share of total wealth is […]
Kotagala Plantations raise one billion rupees from Sri Lanka listed debt
May 23, 2014 (LBO) – Sri Lanka’s Kotagala Plantations Plc said it had received orders of over a billion rupees for a stock exchange listed debenture offer. The firm planned to use 250 million rupees to repay an 18 percent term loan, 400 million rupees to settle an overdraft at 15.5 percent and 50 million […]