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Cricket: Sri Lanka party marred by player dispute
COLOMBO, April 8, 2014 (AFP) – Sri Lanka’s team flew home in triumph Tuesday to a huge street party after winning the world Twenty20 tournament, but celebrations were marred by controversy over the retirements of Mahela Jayawardene and Kumar Sangakkara.Tens of thousands of fans lined the street from the main international airport to downtown Colombo, […]
Sri Lanka will not cooperate with UN war probe: minister
COLOMBO, April 7, 2014 (AFP) – Sri Lanka on Monday rejected calls for cooperation with a UN investigation into war crimes and vowed it will not subject itself to the jurisdiction of the world’s highest rights body.Foreign Minister Gamini Lakshman Peiris said Sri Lanka will not allow United Nations High Commissioner for Human Rights Navi […]
Sri Lanka expects 7.8-pct growth in 2014 despite drought
Apr 08, 2014 (LBO) – Sri Lanka is expecting 7.8 percent growth in 2014, officials said despite a drought that is hurting agriculture and requiring more credit for power subsidies, which has de-stablised the economy in the past.“The drought is worrying us to some extent,” Central Bank Governor Nivard Cabraal said. “In the agricultural side […]
Sri Lanka sovereign bond pricing narrowed
Apr 07, 2014 (LBO) – Price guidance on a 500 million US dollar 5-year bond being sold by Sri Lanka has narrowed to around 5.25 percent, a report said. The bond is expected to close later today, after US markets open. The sale is managed by Citigroup, HSBC and Standard Chartered. The bond was launched […]
Sri Lanka launches sovereign bond; price guidance 5.5-pct
April 7, 2014 (LBO) – Sri Lanka has begun selling a 500 million US dollar sovereign bond in international markets, a media report said. Bloomberg newswires said price guidance for the 5-year bond has been set at around 5.5 percent. Sri Lanka sold a 5-year one billion dollar bond at 6.0 percent in January but […]
” by Fitch
Apr 07, 2014 (LBO) – Fitch Ratings has given a ‘BB-‘ ‘Expected’ rating for Sri Lanka’s 500 million US dollar sovereign bond. Fitch said a fiscal deficit of 5.9 percent of gross domestic product in 2013 and a debt burned of 78.3 percent of GDP was at “relatively high levels’ but the 2014 budget signaled […]
Sri Lanka shares end down 0.1-pct
Apr 07, 2014 (LBO) – Sri Lanka’s shares end in the red Monday with finance and insurance sector losing ground, brokers said. The Colombo benchmark All Share Price Index closed 6.17 points lower at 6,048.38 down 0.10 percent. The S&P SL20 closed 1.67 points lower at 3,321.43, down 0.05 percent. Turnover was 537.61 million rupees, […]
Fast Net
Apr 07, 2014 (LBO) – Sri Lanka Telecom, the country’s only wireline operator said it had launched a fibre-to-the-home service offering fast broadband service through its optical fibre network.SLT said the a demonstration at the office Telecommunication Regulatory Commission of Sri Lanka (TRCSL) in Narenhpita, a suburb of the capital Colombo, reached download speeds of […]
‘s biggest election
DIBRUGARH, April 7, 2014 (AFP) – Indians began voting in the world’s biggest election Monday which is set to sweep the Hindu nationalist opposition to power at a time of low growth, anger about corruption and warnings about religious unrest. India’s 814-million-strong electorate are forecast to inflict a heavy defeat on the ruling Congress party, […]
Rotana Jet starts Sri Lanka flights to Colombo, Matala
Apr 07, 2014 (LBO) – Abu Dhabi based Rotana Jet said will start flying to Sri Lanka’s Colombo and Matala airports from April 09, three times a week.The airline will use Airbus 319 aircraft from Al Bateen Airport in Abu Dhabi on Wednesdays, Thursdays and Saturdays. The airline said it hopes to increase frequencies to […]
‘s Lankem Ceylon ups effective control of power firm
Apr 07, 2014 (LBO) – Sri Lanka’s Lankem Ceylon Plc said it is buying a 43.5 percent stake in Waverly Power (Pvt) Ltd, a hydro electricity company for 102 million rupees.The stake was held by another Lankem unit, Agarapatana Plantations Ltd, Lankem said in a stock exchange filing. Agarapanta is not a listed company. Prior […]
Cricket: Sri Lanka brace for biggest party after war
COLOMBO, April 7, 2014 (AFP) – Sri Lanka was preparing to throw its biggest party since the end of the country’s ethnic war Monday after beating India in the final of cricket’s World T20 tournament. Government officials said that arrangements were being made to fly the team home early from Bangladesh to attend a ticker-tape […]