Category:
Court Order
June 05, 2014 (LBO) – Sri Lanka’s courts have ordered the liquidation of Touchwood, a controversial forestry investment company, but a appeal of the decision is planned, a media report said.Meanwhile recent media reports said trees in some forestry plantations and some investors were attempting to prevent it. Adaderanabiz.lk, a Colombo based business news portal […]
Sri Lanka includes natural gas in power planning studies
June 5, 2014 (LBO) – Sri Lanka’s state-run power utility has included natural gas in power generation planning studies for the first time, with prospects of gas being found in the country.In one study scenario where no coal plants after the current ones being planned for Trincomallee, the Ceylon Electricity Board’s long term generation plan […]
Sri Lanka Treasuries edge lower
June 04, 2014 (LBO) – Sri Lanka’s Treasuries yield edged lower at Wednesday’s auction, with the 6-month yield down 02 basis points to 6.73 percent, the state debt office said. The debt office said 1.20 billion rupees in 3-month bills, 2.06 billion in 6-month bills and 15.83 billion in 12-month bills totaling 19.09 billion rupees […]
Sri Lanka stocks close flat
June 04, 2014 (LBO) – Sri Lanka’s stocks closed flat Wednesday despite strong foreign buying, brokers said. Ceylon Cold Stores closed 4.00 rupees lower at 157.00 rupees and John Keells Hotels closed 30 cents lower at 15.20 rupees. Commercial Leasing and Finance closed 10 cents lower at 4.00 rupees. The Colombo benchmark All Share Price […]
Another Feather
June 4, 2014 (LBO) – Sri Lanka based MillenniumIT, a unit of London Stock Exchange said its products have been selected by Aequitas Innovations in Canada which is building a new securities exchange. “This is a significant win for us our suite of capital markets technology has been chosen to launch this new exchange, which […]
Extinct bat found in Papua New Guinea
SYDNEY, June 4, 2014 (AFP) – A big-eared bat which was thought to be extinct has been found in a forest in Papua New Guinea, highlighting the unique biodiversity of the developing nation, researchers said Wednesday. Until the find the bat, or Pharotis imogene, had not been seen in 120 years. “The species was presumed […]
Flipkart battles Amazon for India e-shopping dominance
NEW DELHI, June 4, 2014 (AFP) – India’s online retailers are bulking up on acquisitions and funding as they battle the world’s biggest Internet shopping giant, Amazon, for supremacy in the hyper-competitive domestic market.Late last month, Flipkart, India’s largest e-shopping portal, announced the takeover of rival Myntra in a deal analysts estimated at 0 million […]
Cricket: Buttler should have been recalled says Ranatunga
COLOMBO, June 4, 2014 (AFP) – Former skipper Arjuna Ranatunga Wednesday said Sri Lanka was right to run out England’s Jos Buttler, but felt he should have been recalled in the spirit of the game. “We should have got him out and then (Sri Lankan captain) Angelo (Mathews) called him back to play,” Ranatunga told […]
” up England-Sri Lanka Tests
BIRMINGHAM, June 3, 2014 (AFP) – England captain Alastair Cook said he expected the controversial run out of Jos Buttler during the fifth one-day international against Sri Lanka to “spice up” the forthcoming Test series between the teams.Cook insisted a “line had been crossed” after Sachithra Senanayake ran out England’s Jos Buttler as the non-striker […]
Cricket: Sri Lanka win series against England
BIRMINGHAM, June 3, 2014 (AFP) – Sri Lanka proved too strong with both ball and bat as they beat England by six wickets in the fifth and final one-day international at Edgbaston on Tuesday to clinch a 3-2 series victory.First paceman Lasith Malinga took three for 50 as Sri Lanka restricted England to 219 all […]
Sri Lanka eyes nuclear power plant after 2030
June 4, 2014 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has included nuclear power for the first time as a possible power generation option in 2031 in its latest study of long term generation capacity.CEB long term generation plan has studied nearly 20 different scenarios along with a base case scenario with the lowest […]
Sri Lanka hikes milk powder taxes as world prices fall
June 4, 2014 (LBO) – Sri Lanka has hiked import levies on milk powder by 56 percent keeping prices high while world prices continue to fall, giving more revenue to the state.Amid competition cement prices however came down as clinker prices fell, and is now being retailed 15 to 20 rupees below the government mandated […]