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James Packer brawl pics snapped up by Newscorp: reports
May 06, 2014 (LBO) – Pictures of James Packer in a street fight with long time friend and media executive David Gyngell, has been bought by Rupert Murdoch’s Newscorp, media reports said.Newscorp has paid over 200,000 dollars for the pictures, reports said. Packer and Gyngell reportedly fought over a mis-understanding and they later made a […]
Sri Lanka to get New Zealand support for dairy sector
May 5, 2014 (LBO) – Sri Lanka is looking at ways to improve its dairy sector with New Zealand following a visit by a delegation which met industry officials in the island, a trade chamber said.New Zealand is a top dairy exporter in the world. Ceylon Chamber of Commerce said a delegation with officials from […]
Court Case
COLOMBO, May 5, 2014 (AFP) – Four of Sri Lanka’s most senior hardline Buddhist monks appeared in court Monday accused of insulting the Koran, in the first such case following a spate of religious hate attacks. Police established a new unit last week to investigate hate crimes in the wake of the violence, which raised […]
SriLankan Airlines selects Honeywell for avionics, APU maintenance
May 05, 2014 (LBO) – SriLankan Airlines said it had selected US based Honeywell Aerospace to supply and maintain avionics and auxiliary power units of Airbus fleet including existing aircraft and those on order. The contracts include an Auxiliary Power Unit (APU) maintenance agreement for SriLankan’s Airbus A320, A330 and A340 fleets. An APU is […]
Sri Lanka exports up 5.4-pct in February, imports fall
May 05, 2014 (LBO) – Sri Lanka’s exports rose 5.4 percent in February 2014 from a year earlier, with apparel exports up 6.6 percent, while imports fell amid weak credit growth, official data showed. The trade deficit contracted 20.7 percent to 503.7 million US dollars. In the first two months of 2014, exports rose 13.9 […]
Peter Kuruvita shows Aussie foods and wine to Sri Lanka chefs
May 04, 2014 (LBO) – Peter Kuruvita, an award winning chef and television host had conducted a master class for chefs in Sri Lanka promoting Australian food and wine, the Australian High Commission (embassy) said. The class organized by the Australian High Commission in Colombo with the Chefs Guild of Sri Lanka and William Angliss […]
Agalawatte Plantations to boost oil palm in Sri Lanka
May 04, 2014 (LBO) – Agalawatte Plantations, a unit of Sri Lanka’s Mackwoods group said it will expand its oil palm cultivation which had become a key contributor to gross profits in 2013, amid declining rubber prices and weather affected tea. Palm oil crop had increased to 7.4 million tonnes in 2012 up from 6.8 […]
‘s Carrefour to quit India: reports
NEW DELHI, May 3, 2014 (AFP) – Carrefour, the world’s second largest retailer, is working on a plan to exit India, media reports said Saturday, amid political uncertainty about the future of multi-brand retail in the South Asian giant.One of the few foreign retailers to commit to India recently is Britain’s Tesco, which has declared […]
Sri Lanka temple tackles reconciliation amid fresh fears of fighting
MATARA, May 4, 2014 (AFP) – At a temple in the heart of Sri Lanka’s Sinhalese south, an unusual attempt at reconciliation is underway after decades of ethnic bloodshed, even as the government warns of fresh fighting.Such mythological stories about Sri Lanka’s history are common on the island, whose Sinhalese majority can trace their roots […]
Sri Lanka inflation at 3.5-pct in April by citizen index
May 03, 2014 (LBO) – Sri Lanka’s inflation in the 12-months to April was measured at 3.5 percent, lower than the 4.9 percent shown by the official index compiled by the state statistics office.The CAL UPI Index, compiled by CAL Research, an equities research firm has shown slightly lower than official inflation since December 2013. […]
RAM Ratings (Lanka) renamed Lanka Rating Agency
May 02, 2014 (LBO) – RAM Ratings (Lanka) Ltd, said its name has been changed to Lanka Rating Agency Ltd, following the exit of its Malaysian shareholder RAM Holdings LRA said it was also gaining technical assistance from a global rating agency. The agency there were no changes to the currently adopted standards and no […]
Sri Lanka stocks close up 0.4-pct
May 02, 2014 (LBO) – Sri Lanka’s stocks close 0.40 percent higher Friday with tobacco and diversified stocks gaining amid strong foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 24.77 points higher at 6,248.44 up 0.40 percent. The S&P SL20 closed 17.62 points higher at 3,435.81, up 0.52 percent. Turnover was […]