Category:
Sri Lanka stocks close up 0.2-pct
May 26, 2014 (LBO) – Sri Lanka’s stocks closed up with telco and other index heavy stocks gaining despite low foreign participation, brokers said. Sri Lanka Telecom closed 70 cents higher at 48.80 rupees and Asian Hotels and Properties closed 2.10 rupees higher at 72.10 rupees, contributing most to the index gain. Lion Brewery Ceylon […]
Vehicle Trend
May 26, 2014 (LBO) – Sri Lanka’s commercial vehicle registrations continued were sharply down from a year earlier, especially trucks in April 2014, though motor cycle sales were up, an analysis by an equities research unit shows.Motor car registrations were flat at 1,917 units, only marginally down from 1977 units a year earlier. Among small […]
India PM-elect Modi to keep defence, slashes full-rank cabinet to 23: reports
NEW DELHI, May 26, 2014 (AFP) – India’s premier-elect Narendra Modi plans to slash 26 government positions and name himself as defence minister under a cabinet revamp set to be unveiled later Monday, reports said.Modi’s cabinet will number 45 including him, down from 71 in outgoing prime minister Manmohan Singh’s scandal-tainted Congress-led coalition administration, the […]
China turns expressway into military airstrip: reports
BEIJING, May 26, 2014 (AFP) – China has flown warplanes on to and from a civilian road for the first time, state media said Monday, a technique which could be used for “emergency landings during wartime”. An image of a fighter jet taking off from a motorway in the central province of Henan — with […]
Sri Lanka exports surge 28.6-pct in March, trade gap narrows
May 26, 2014 (LBO) – Sri Lanka’s exports surged 28.6 percent in March 2014 from a year earlier to 1,069.9 million US dollars with apparel up 32.6 percent keeping the momentum seen from the last quarter as Western economies recovered. The trade gap narrowed 13.5 percent 1,816 million US dollars in the first three months […]
Cricket: Sri Lanka defeat sorry England by 157 runs
CHESTER-LE-STREET, May 25, 2014 (AFP) – Sri Lanka came up with the perfect response to their defeat in the first one-day international against England as they swept aside Alastair Cook’s team in the second meeting at the Riverside on Sunday. Ashan Priyanjan added an important 43 runs for the tourists, who set a target of […]
Sri Lanka electricity: Getting what you pay for
May 26, 2014 (LBO) We believe that micro enterprises are important. If they succeed, they become small businesses and then medium enterprises. That is how development happens. We wanted to find out how poor micro enterprises were served by mobile companies and by electricity distribution companies. LIRNEasia conducted random-sample surveys in three countries (actually in […]
‘s forex reserves US$8.1bn; BOP surplus up with weak credit
May 26, 2014 (LBO) – Sri Lanka’s balance of payments surplus or the gap between international receipts and payments widened to 828.8 million US dollars, the Central Bank said as weak domestic credit dampened imports. However when credit is weak not all of the inflows are spent, generating excess liquidity in the domestic money markets […]
Arrested
KUALA LUMPUR, May 25, 2014 (AFP) – Three men suspected of being Tamil Tigers have been arrested in Malaysia, a top police official said Sunday, accusing them of attempting to revive the Sri Lankan separatist group. Khalid Abu Bakar, inspector-general of police, said the trio, who had been in Malaysia since 2004, were arrested in […]
Label Rules
May 25, 2014 (LBO) – Sri Lanka’s Ceylon Tobacco Company Plc, a unit of British American Tobacco said it had gone to Supreme Court again over new labeling regulations, shortly after a court ruling that allowed graphical warnings.The recent court ruling allowed graphic labels covering 50 to 60 percent of the area of a pack […]
Football: Afghan players injured in Maldives bus crash
COLOMBO, May 24, 2014 (AFP) – Five players and two officials of the Afghan national team were injured in a road accident in the Maldives Saturday after an AFC Challenge Cup match, a report said.Afghan skipper Haroon Fakhrudin was among those hurt when the team bus crashed into a motorcycle while returning to a hotel […]
England skipper face injury doubt before Sri Lanka match
LONDON, May 24, 2014 (AFP) – England captain Alastair Cook could be ruled out of Sunday’s second one-day international against Sri Lanka at Chester-le-Street with a groin injury.Eoin Morgan — who led the Twenty20 side last week in place of the injured Stuart Broad — could again step in as captain should Cook miss out. […]