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‘s Musharraf survives assassination bomb attempt: police
ISLAMABAD, April 3, 2014 (AFP) – Pakistan’s former military ruler Pervez Musharraf, who is on trial for treason, narrowly escaped an assassination attempt as a bomb went off shortly before his convoy was due to pass early Thursday, police said. The bomb was planted on his route from an army hospital where he has been […]
Sri Lanka courts Thai investors
Apr 03, 2014 (LBO) – Sri Lanka is seeking more investors from Thailand, the state investment promotion office said following an investor meeting in Bangkok where there was interest in cosmetics, fisheries, agri business and retailing.The firms make, lace, synthetic sapphires and two hotels and a harvest management company is also expected to start operations, […]
Sri Lanka stocks close flat
Apr 02, 2014 (LBO) – Sri Lanka’s stocks close flat Wednesday with strong foreign buying on the board, brokers said. JKH’s W0022 warrants closed 50 cents lower at 69.00 rupees and its W0023 warrants closed 20 cents lower at 72.80 rupees. Sri Lanka Telecom closed 80 cents higher at 46.20 rupees. Ceylon Tea Services closed […]
‘s female kingmakers
PONDICHERRY, April 2, 2014 (AFP) – The makeup of India’s next government could lie in the hands of a trio of women who command a massive following in their regional heartlands, including a populist former movie star known as “Mother” to supporters.“Definitely their image, their fighting spirit, their charisma, and their administrative skills to a […]
” networks
COLOMBO, April 2, 2014 (AFP) – Sri Lanka has designated 15 foreign organisations run by ethnic Tamils as “terrorist groups”, accusing them of trying to revive a separatist war which ended in 2009, an official said Wednesday. Among the designated groups are the British Tamil Forum, World Tamil Movement, Canadian Tamil Congress, Australian Tamil Congress […]
Sri Lanka seeks divine help to avoid power cuts
COLOMBO, April 1, 2014 (AFP) – Sri Lanka’s energy minister offered flowers and lit thousands of oil lamps as she prayed for rains to replenish drought-hit reservoirs which are used for hydro-power plants, an official said Tuesday. Minister Pavithra Waniarachchi illuminated the sacred temple town of Anuradhapura with 4,000 coconut oil lamps seeking divine help […]
‘s Guangdong province visit Sri Lanka
Apr 02, 2014 (LBO) – A high powered delegation from China’s Guangdong provincial government had visited Sri Lanka and had expressed interest in fish processing, the state investment promotion office said. A Chinese firm is to reclaim the sea near Colombo port to build a new business district and many firms from the country are […]
Sri Lanka technical education, female participation to be boosted: ADB
Apr 02, 2014 (LBO) – The Asian Development Bank said it is giving a 100 million dollars loan to Sri Lanka to boost technical education and female participation in technology related courses.“This program will help reduce the significant mismatch that exists between the competencies of graduates and labor market demand, which has left youth unemployment […]
”: Fitch
Apr 01, 2014 (LBO) – Sri Lanka’s Hemas Holdings will sell up to 1.0 billion rupees in senior debt which has been given a expected ‘A+(lka)’ investment grade rating, Fitch Ratings said. Low leverage and Moderate Liquidity: Fitch expects that the group is likely to maintain financial leverage (measured as gross adjusted debt / Operating […]
Sri Lanka stocks close up 0.5-pct
Apr 01, 2014 (LBO) – Sri Lanka’s stocks close up crossing the 6,000 mark Tuesday with diversified and tobacco stocks gaining amid net foreign buying on the board, brokers said. The Colombo benchmark All Share Price Index closed 33.52 points higher at 6,001.83 up 0.56 percent. The S&P SL20 closed 19.98 points higher at 3,299.90, […]
Bank Chief
Apr 01, 2014 (LBO) – Krishan Balendra, has been appointed chairman of Sri Lanka’s Nations Trust Bank.NTB said in a stock exchange filing that Arjuna Gunaratne, who had been on the board of the bank from 2005 is stepping down to comply with a regulatory direction limiting a director’s tenure to nine years.Balendra will take-over […]
Asset Quality
Apr 01, 2014 (LBO) – Sri Lanka’s two largest state banks have taken a 20 billion rupee hit on credit losses in 2013 and had slashed their troubled gold-backed loan portfolios as the precious metal’s price slumped, interim accounts show.State-run People’s Bank set aside 11.7 billion rupees as general provisions in 2013 up from 3.2 […]