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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 […]
‘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 […]