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Sri Lanka shares end down 0.4-pct
May 06, 2014 (LBO) – Sri Lanka’s shares end 0.37 percent lower Tuesday with index heavy stocks losing ground, brokers said. JKH’s W0022 warrants closed 1.20 rupees lower at 64.10 rupees and its W0023 warrants closed 3.00 rupees lower at 68.90 rupees. Commercial Bank closed 1.00 rupee lower at 126.50 rupees and LOLC closed 2.10 […]
Tourist arrivals to Sri Lanka up 39.5-pct in April
May 06, 2014 (LBO) – Tourist arrivals to Sri Lanka rose 39.5 percent from a year earlier to 112,631 in April 2014 led by India, China, Britain and Russia, data from the state tourism promotion office showed. Middle Eastern arrivals were up 24.8 percent to 5,302 in April with Saudi Arabia up 24.8 percent to […]
Sri Lanka India in talks for nuclear deal
May 6, 2014 (LBO) – Sri Lanka and India has held discussions on civil nuclear technology to hammer out a deal on bilateral co-operation, India’s High Commission (embassy) in Colombo said.The Indian delegation to Colombo made up of representatives of Department of Atomic Energy of India was led by Amandeep Singh Gill Joint Secretary (Disarmament) […]
Oil Show
TEHRAN, May 6, 2014 (AFP) – Iran’s annual oil and gas fair opens in Tehran on Tuesday, with 600 foreign companies seeking to position themselves for a return to large-scale operations if international sanctions are lifted.“I hope that Western officials will be more accommodating because of the general political climate in Iran,” he said, noting […]
‘s 2014 economic growth upgraded to 7.0-pct by IMF
May 06, 2014 (LBO) – Sri Lanka’s economic growth forecast for 2014 has been upgraded to 7.0 percent by the International Monetary Fund in its latest regional outlook for the Asia Pacific region, up from 6.5 percent in December. The 6.5 percent growth for 2015 published following a post program monitoring mission has been kept […]
Sri Lanka stocks close higher
May 05, 2014 (LBO) – Sri Lanka’s stocks close higher Monday with conglomerate Aitken Spence gaining amid strong foreign participation, brokers said. Aitken Spence closed 3.40 rupees higher at 102.80 rupees and Lion Brewery Ceylon closed 14.50 rupees higher at 435.00 rupees, contributing most to the index gain. LOLC closed 1.80 rupees higher at 77.90 […]
Port Payments
May 05, 2014 (LBO) – Payments to ports in Sri Lanka by shippers can be made online, speeding up imports and exports, Sampath Bank, a private lender in the island said.Shippers who are not Sampath customers could make payments by visiting a super grade branch fro 8.00 am to 8.00 pm including holiday, the bank […]
Reserve Track
May 05, 2014 (LBO) – Sri Lanka’s foreign reserves rose to 8.3 billion US dollars in February 2014, from 8.04 billion US dollars in January, official data showed. The Central Bank said worker remittance rose 8.8 percent to 1,057 million US dollars, tourism earnings rose 37.9 percent to 416.8 million US dollars and there were […]
Credit Trend
May 05, 2014 (LBO) – Sri Lanka’s credit from commercial banks fell 0.9 billion rupees to 2490.7 billion rupees in February 2014 from a month earlier, the second month running that private credit has fallen in absolute terms.In January the outstanding private credit stock fell 42.7 billion rupees, the first month credit has shrunk in […]
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 […]