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‘s Sangakkara signs for Durham
LONDON, April 28, 2014 (AFP) – Kumar Sangakkara will warm-up for Sri Lanka’s forthcoming tour of England by appearing in the next two rounds of County Championship matches for title-holders Durham. One of the outstanding batsmen of his generation and ninth on the list of all-time leading Test run-scorers with 11,151 at an average of […]
‘s Ho Chi Minh
Apr 29, 2014 (LBO) – Sri Lanka issued a stamp commemorating Ho Chi Minh, a revolutionary communist leader that led the country to independence from the French who is reputed to have visited the island several times. He had also travelled to Britain the US in the early 1900s and lived and worked in those […]
Sri Lanka stocks end higher
Apr 28, 2014 (LBO) – Sri Lanka’s stocks end 0.07 percent higher amid net foreign buying on the board, brokers said. DFCC Bank closed 1.60 rupees higher at 159.30 rupees and NDB Capital Holdings closed 75.80 rupees lower at 461.20 rupees. Ceylon Tobacco Company closed 50 cents lower at 1,065.00 rupees and John Keells Holdings […]
Religious Police
COLOMBO, April 28, 2014 (AFP) – Sri Lanka police Monday announced a new unit to investigate religious hate crimes after attacks by Buddhist monks on churches and mosques last year raised concerns about religious freedom.Police Inspector-General N. K. Illangakoon said the new unit would swiftly investigate any complaint relating to “religious matters” on the majority […]
” rating confirmed, foreign debt, deficits high: Fitch
Apr 28, 2014 (LBO) – Fitch Ratings has confirmed a ‘BB-‘ rating on Sri Lanka with a stable outlook on strong economic growth but said state debt was over twice that of similar rated countries and foreign debt three times as much. “The 2014 budget signals commitment to medium-term debt reduction to maintain a gradual […]
‘s EPF, ETF: report
Apr 28, 2014 (LBO) – Sri Lanka is making fresh attempts to prevent private sector workers from withdrawing their retirement contributions once they reach 55 years of age, a media report said.The Sunday Times newspaper quoting an un-named official source said the Finance Ministry is drafting legislation to change the governing acts of the Employee’s […]
Sri Lanka firms could gain from cloud computing: SAP
Apr 28, 2014 (LBO) – Companies in Sri Lanka, especially smaller ones, could avoid capital expenditure by using cloud computing to run anything from accounting to procurement and analyze social media, SAP, an information technology firm said. A company could separately purchase services such as accounting, human resources, marketing and sales and procurement, as needed, […]
Port Office
Apr 27, 2014 (LBO) – Sri Lanka has been invited to set up a trade office at strategic Chinese-run Gwadar port in Pakistan after a delegation from Pakistan met President Mahinda Rajapaksa, his office said.“The port is a part of a larger effort by Pakistan to establish a Pakistan-China economic corridor,” the President’s media office […]
India test-fires anti-ballistic missile
NEW DELHI, April 27, 2014 (AFP) – India successfully test-fired a new anti-ballistic missile on Sunday in a step towards developing a missile defence system which only an elite club of countries has built.India, which shares borders with arch-rival Pakistan and giant China, both of whom are nuclear-armed, is developing the system that aims to […]
Sri Lanka should clean up its act while resisting external probe: political analyst
Apr 26, 2014 (LBO) – Sri Lanka should improve rights of citizens while resisting an international inquiry planned into alleged war crimes by UN’s Human Rights Council and also strengthen relations with India, a political analyst said.“The international inquiry has to be resisted because it has no precedent,” Dayan Jayatillaka, former diplomat and political analyst, […]
Sri Lanka stocks end down 0.2-pct
Apr 25, 2014 (LBO) – Sri Lanka’s stocks end 0.17 percent lower with tobacco and diversified stocks losing ground amid thin foreign activity, brokers said. The Colombo benchmark All Share Price Index closed 10.32 points lower at 6,167.81 down 0.17 percent. The S&P SL20 closed 6.59 points lower at 3,387.97, down 0.19 percent. Turnover was […]
Sri Lanka pick Atapattu as interim coach
COLOMBO, April 25, 2014 (AFP) – Sri Lanka Cricket on Friday named former captain Marvan Atapattu as interim head coach, making him the island nation’s seventh coach in the last four years.Atapattu, 43, was appointed for the tour of England and Scotland starting next month and the subsequent home series against South Africa in July, […]