Category:
Lending Status
Apr 04, 2014 (LBO) – Sri Lanka’s Bank of Ceylon said it financed the building of 368 kilometres of roads as part of credit given to the state its main shareholder, 30.9 billion rupees for water projects and 5.2 billion rupees for hotels. The bank said its net interest margin narrowed to 3.3 percent to […]
Q&’s mammoth election
NEW DELHI, April 4, 2014 (AFP) – India’s marathon nine-phase election kicks off Monday and will end on May 12 when hundreds of millions will have cast their ballots.AFP explains how it works and what is at stake. Q. Why will it take so long? Almost 814 million adult Indians are eligible to vote, making […]
Sri Lanka cricketers offered million dollars to win T20
COLOMBO, April 4, 2014 (AFP) – The Sri Lankan team will be handed a million dollar bonus if they can shake off their reputation as chokers in the final of the World Twenty20 this weekend, the country’s cricket board announced Friday.They have also been beaten in the final of the last two 50 over World […]
Sri Lanka in final after rain dashes Windies hopes
DHAKA, April 3, 2014 (AFP) – Sri Lanka reached the final of the World Twenty20 with a 27-run win over West Indies, the defending champions, after the first semi-final was ended by rain on Thursday.Dilshan and Thirimanne added 42 for the fourth wicket before Dilshan became the second batsman to be run out. He hit […]
Sri Lanka beat West Indies, enter World T20 final
DHAKA, April 3, 2014 (AFP) – Sri Lanka defeated the West Indies by 27 runs on the Duckworth-Lewis method on Thursday to enter the World Twenty20 final in Dhaka.Sri Lanka await the winners of Friday’s second semi-final between India and South Africa in Sunday’s title clash.The West Indies, chasing Sri Lanka’s 160-6, were 80-4 in […]
‘s address to foreign correspondents
Apr 04, 2014 (LBO) – The full text of US ambassador Michele J Sison’s address to the Foreign Correspondents Association in Colombo on Thursday. Ambassador Sison’s Remarks to the Foreign Correspondents Association April 3, 2014 Thank you for inviting me to speak tonight. Last year, you also invited me to speak in early April, and […]
US for close economic ties with Sri Lanka rather than sanctions now: envoy
Apr 04, 2014 (LBO) – The US wants to see progress on human rights, rule of law and attacks on religious minorities and was for closer economic ties at this point, rather than economic sanctions, its envoy to Colombo said. She said on March 09, a pastor in a Church in Badulla district was assaulted […]
Sri Lanka to raise US$500mn from sovereign bond
Apr 03, 2014 (LBO) – Sri Lanka is planning to sell a 5-year, 500 million US dollar sovereign bond amid more stable international conditions, market sources said.Citi, HSBC and Standard Chartered, who arranged a billion US dollar bond in January 2014, have been retained to sell the bond. The January bond due in 2019, which […]
Sri Lanka shares end up 0.2-pct
Apr 03, 2014 (LBO) – Sri Lanka’s shares end up 0.23 percent higher Thursday with banking and telco stocks gaining amid strong foreign activity, brokers said. The Colombo benchmark All Share Price Index closed 13.69 points higher at 6,018.47 up 0.23 percent. The S&P SL20 closed 13.56 points higher at 3,295.50, up 0.41 percent. Turnover […]
Mass Transit
Apr 03, 2014 (LBO) – Sri Lanka’s transport ministry has responded to our story ‘ Sri Lanka to build US$ 1.3bn monorail with Japan finance .’ The letter from the ministry of transport is published in full below with LBO’s observations on the underlying nature of government finance:- Editor Lanka Business Online Comment to the […]
Capital Access
Apr 03, 2014 (LBO) – A high tech 45 billion rupee bridge will clear a traffic bottleneck to Sri Lanka’s capital Colombo and minimize its impact on the river flow underneath, the Japan International Cooperation Agency said.The bridge across Sri Lanka’s Kelani River will allow a smooth flow of traffic in to the city through […]
Morning light could be secret to healthy weight
WASHINGTON, April 2, 2014 (AFP) – Being slimmer could be as simple as waking up early for some morning sunshine, US researchers suggested on Wednesday. Morning light was found to have an influence on body mass, regardless of a person’s physical activity level, caloric intake, sleep timing, age or the season. The study found morning […]