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Sri Lanka troops kill emerging Tiger leaders: official
COLOMBO, April 11, 2014 (AFP) – Sri Lanka’s military on Friday shot dead three men they believed were trying to revive the separatist Tamil Tiger movement five years after its defeat, a spokesman said.Military spokesman Brigadier Ruwan Wanigasooriya said troops killed the three, including a man they identified as a local leader of the Tigers, […]
‘s CEB posts profits in 2013, with rains, tariff hike
Apr 11, 2014 (LBO) – Sri Lanka Ceylon Electricity Board has made operating profits of 24.6 billion rupees in 2013, the Central Bank said, amid reports that it had lost 24.3 billion rupees in the first quarter of 2014 due to a drought. In 2013 power sales had rise 1.4 percent to 10,475 GigaWatt hours […]
Sri Lanka generates one third of electric energy from coal
Apr 11, 2014 (LBO) – With a second 300 MegaWatt power plant beginning test runs, more than one third of Sri Lanka’s daily electricity needs are now being generated from coal-fired energy, official data show.On the April 09, out of the daily energy requirement of 35.6 GigaWatt hours (millions of units of electricity), 35.6 percent […]
Sri Lanka stocks close lower
Apr 10, 2014 (LBO) – Sri Lanka’s stocks close down 0.14 percent lower with index heavy stocks losing ground amid thin foreign participation on the bourse, brokers said. Dialog Axiata closed 10 cents lower at 9.10 rupees and Asiri Hospital Holdings closed 1.50 rupees lower at 21.50 rupees. Hemas Holdings closed 1.40 rupees higher at […]
Transport Losses
Apr 10, 2014 (LBO) – State-run Sri Lanka Transport Board has lost 3.5 billion rupees in 2013 slightly down from 3.8 billion rupees a year earlier, official data showed.The annual report of the Central Bank said SLTB earned 30.1 billion rupees in revenues and but had spent 33.7 billion rupees, generating an operating loss of […]
AirAsia X puts Sri Lanka on two day promotion
Apr 10, 2014 (LBO) – Malaysia-based long-haul budget carrier AirAsia X said it was offering a two day discount fares for Sri Lanka, Australia, Japan and China.“With this exclusive 48 hours sale, guests can take a break from their busy schedule and enjoy mid-year holiday getaways with a group of friends or loved ones to […]
Arrested
COLOMBO, April 10, 2014 (AFP) – Sri Lankan police have arrested 60 people accused of trying to revive a separatist group behind a civil war that left tens of thousands dead, a spokesman said on Thursday.The suspects, including 10 women, were detained in a crackdown over the past month and were being questioned about attempts […]
” Modi admits he is married
AHMEDABAD, April 10, 2014 (AFP) – Election frontrunner Narendra Modi has acknowledged for the first time that he is married, solving one of the biggest mysteries about the private life of the man tipped to be India’s next prime minister.The 63-year-old is routinely described as a bachelor and is thought to have lived alone in […]
Sri Lankan state airlines lose Rs30.1bn in 2013; Rs90bn over 5 years
Apr 10, 2014 (LBO) – State-run Sri Lankan Airlines and Mihin Lanka have lost 30.1 billion rupees (230 million US dollars) in 2013, with losses over the last five years totaling 89.9 billion rupees, official data shows. SriLankan Airlines made a loss of 28.6 billion rupees and state-run budget airline Mihin Lanka made another loss […]
Sri Lanka sovereign bond will not impact exchange rate: CB Governor
Apr 10, 2014 (LBO) – Sri Lanka’s 500 million US dollar sovereign bond sale this week will not impact the exchange rate as the Central Bank is expected to buy the proceeds, though foreign reserves will go up, Governor Nivard Cabraal said.In order to retain the dollars permanently in the foreign reserves and not cause […]
Sri Lanka shares close up 0.2-pct
Apr 09, 2014 (LBO) – Sri Lanka’s shares close up 0.19 percent higher with index heavy stocks gaining amid strong foreign buying, brokers said. Bukit Darah closed 10.60 rupees higher at 574.80 rupees and John Keells Holdings closed 1.10 rupees higher at 239.90 rupees. JKH’s W0022 warrants closed 10 cents lower at 69.20 rupees and […]
Borrowing Trends
Apr 09, 2014 (LBO) – Sri Lankan firms have got the nod to borrow 335 million US dollars abroad 2013 by the Central Bank, while debt markets also supplanted bank loans in 2013, as commercial bank credit to private firms slowed, an official said. Analysts say it is important to allow for a period of […]