Category:
Sri Lanka stocks close down 0.1-pct
June 03, 2014 (LBO) – Sri Lanka’s stocks closed down 0.10 percent on Tuesday amid low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.39 points lower at 6,286.02 down 0.10 percent. The S&P SL20 closed 0.56 points higher at 3,470.75, up 0.02 percent. Turnover was 405.22 million rupees, down from […]
” adventure tourism push
June 3, 2014 (LBO) – Sri Lanka national carrier and Lanka Sportreizen, a travel firm is planning an annual cross-country adventure tournament in an effort to boost tourism in the country, officials said. “We like to encourage more adventure tourists to come into Sri Lanka,” G T Jeyaseelan, Chief Marketing officer of SriLankan Airline said. […]
Football Boost
June 03, 2014 (LBO) – Allianz Lanka, a unit of Germany’s Allianz said it will select two young football players for a training camp in Germany with Bayern Munchen club, for the second time. In addition to 50 brand offices, applications are also on www.allianz.lk, which have a deadline of June 25, the company said. […]
Indian central bank keeps rates steady
MUMBAI, June 3, 2014 (AFP) – India’s hawkish central bank kept key interest rates unchanged Tuesday at its first meeting to set monetary policy since new pro-growth Prime Minister Narendra Modi took office.After meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said the benchmark repo rate, at which it lends to […]
‘s LTL Holdings wins Nepal transformer order: report
June 03, 2014 (LBO) – Sri Lanka-based LTL Holdings has won an order to supply more than a 1000 transformer to the Nepal Electricity Authority (NEA), a media report said. The report said Nepal needs 2,000 to 3,000 and the power authority. “It has been more than two years since the NEA last purchased transformers,” […]
‘s Senanayake reported over bowling action
LONDON, June 2, 2014 (AFP) – Sri Lanka off-spinner Sachithra Senanayake has been reported for a suspected illegal bowling action, the International Cricket Council (ICC) confirmed on Monday.Sri Lanka, meanwhile, named their squad on Monday afternoon for the two-Test series against England in June, from which Senanayake is omitted. The 29-year-old made his Test debut, […]
Sri Lanka frees Indian fishermen to ease tensions
COLOMBO, June 3, 2014 (AFP) – Sri Lanka’s President Mahinda Rajapakse has ordered the release of 29 Indian fishermen held on poaching charges, officials said Tuesday, in a move to ease tensions over illegal fishing. Rajapakse on Tuesday asked for the latest batch of arrested fishermen to be released without trial although the navy had […]
Japan boosts Sri Lanka public sector capacity
June 03, 2014 (LBO) – Sri Lanka’s public sector officials had been given a grant of 215 million yen (245 million rupees) in scholarships to follow Masters’ programs in Japan, the finance ministry said.The Japanese Grant Aid for Human Resources Development Scholarship Programme (JDS) was started in 2010 is aimed at building capacity in executive […]
Sri Lanka sees weak demand for poultry in 2013, feed costs high
June 03, 2014 (LBO) – Sri Lanka has seen weak demand for chicken in 2013 a top poultry firm while costs were elevated, a poultry firm said, as the country emerged from a balance of payments crisis and steep currency depreciation. However the price of eggs had now risen from 11 rupees to 15 rupees […]
Sri Lanka stocks close up 0.5-pct
June 02, 2014 (LBO) – Sri Lanka’s stocks closed up 0.46 percent on Monday with diversified conglomerate Carson Cumberbatch gaining amid strong foreign buying, brokers said. Lion Brewery Ceylon closed 14.00 rupees higher at 445.00 rupees and John Keells Holdings closed 1.00 rupee higher at 235.00 rupees. JKH’s W0022 warrants closed 1.60 rupees higher at […]
Basic Principle
June 02, 2014 (LBO) – A credit to guarantee to encourage banks to lend more against gold may help reduce the build-up of bad loans, but pawning loans are not risk-free as currently categorized in Sri Lanka, Fitch Ratings said.Non-performing loans in Sri Lanka’s banking system had risen to 5.6 percent of total loans by […]
Hub Ambition
Over the course of five years since the end of the war, Sri Lanka has embarked on an ambitious physical infrastructure drive, with the aim of taking advantage of the country’s strategic geographical location. With its close proximity to major international shipping lanes and to the Indian subcontinent, Sri Lanka can be positioned as a […]