Category:
Port Payments
May 05, 2014 (LBO) – Payments to ports in Sri Lanka by shippers can be made online, speeding up imports and exports, Sampath Bank, a private lender in the island said.Shippers who are not Sampath customers could make payments by visiting a super grade branch fro 8.00 am to 8.00 pm including holiday, the bank […]
Reserve Track
May 05, 2014 (LBO) – Sri Lanka’s foreign reserves rose to 8.3 billion US dollars in February 2014, from 8.04 billion US dollars in January, official data showed. The Central Bank said worker remittance rose 8.8 percent to 1,057 million US dollars, tourism earnings rose 37.9 percent to 416.8 million US dollars and there were […]
Credit Trend
May 05, 2014 (LBO) – Sri Lanka’s credit from commercial banks fell 0.9 billion rupees to 2490.7 billion rupees in February 2014 from a month earlier, the second month running that private credit has fallen in absolute terms.In January the outstanding private credit stock fell 42.7 billion rupees, the first month credit has shrunk in […]
James Packer brawl pics snapped up by Newscorp: reports
May 06, 2014 (LBO) – Pictures of James Packer in a street fight with long time friend and media executive David Gyngell, has been bought by Rupert Murdoch’s Newscorp, media reports said.Newscorp has paid over 200,000 dollars for the pictures, reports said. Packer and Gyngell reportedly fought over a mis-understanding and they later made a […]
Sri Lanka to get New Zealand support for dairy sector
May 5, 2014 (LBO) – Sri Lanka is looking at ways to improve its dairy sector with New Zealand following a visit by a delegation which met industry officials in the island, a trade chamber said.New Zealand is a top dairy exporter in the world. Ceylon Chamber of Commerce said a delegation with officials from […]
Court Case
COLOMBO, May 5, 2014 (AFP) – Four of Sri Lanka’s most senior hardline Buddhist monks appeared in court Monday accused of insulting the Koran, in the first such case following a spate of religious hate attacks. Police established a new unit last week to investigate hate crimes in the wake of the violence, which raised […]
SriLankan Airlines selects Honeywell for avionics, APU maintenance
May 05, 2014 (LBO) – SriLankan Airlines said it had selected US based Honeywell Aerospace to supply and maintain avionics and auxiliary power units of Airbus fleet including existing aircraft and those on order. The contracts include an Auxiliary Power Unit (APU) maintenance agreement for SriLankan’s Airbus A320, A330 and A340 fleets. An APU is […]
Sri Lanka exports up 5.4-pct in February, imports fall
May 05, 2014 (LBO) – Sri Lanka’s exports rose 5.4 percent in February 2014 from a year earlier, with apparel exports up 6.6 percent, while imports fell amid weak credit growth, official data showed. The trade deficit contracted 20.7 percent to 503.7 million US dollars. In the first two months of 2014, exports rose 13.9 […]
Peter Kuruvita shows Aussie foods and wine to Sri Lanka chefs
May 04, 2014 (LBO) – Peter Kuruvita, an award winning chef and television host had conducted a master class for chefs in Sri Lanka promoting Australian food and wine, the Australian High Commission (embassy) said. The class organized by the Australian High Commission in Colombo with the Chefs Guild of Sri Lanka and William Angliss […]
Agalawatte Plantations to boost oil palm in Sri Lanka
May 04, 2014 (LBO) – Agalawatte Plantations, a unit of Sri Lanka’s Mackwoods group said it will expand its oil palm cultivation which had become a key contributor to gross profits in 2013, amid declining rubber prices and weather affected tea. Palm oil crop had increased to 7.4 million tonnes in 2012 up from 6.8 […]
‘s Carrefour to quit India: reports
NEW DELHI, May 3, 2014 (AFP) – Carrefour, the world’s second largest retailer, is working on a plan to exit India, media reports said Saturday, amid political uncertainty about the future of multi-brand retail in the South Asian giant.One of the few foreign retailers to commit to India recently is Britain’s Tesco, which has declared […]
Sri Lanka temple tackles reconciliation amid fresh fears of fighting
MATARA, May 4, 2014 (AFP) – At a temple in the heart of Sri Lanka’s Sinhalese south, an unusual attempt at reconciliation is underway after decades of ethnic bloodshed, even as the government warns of fresh fighting.Such mythological stories about Sri Lanka’s history are common on the island, whose Sinhalese majority can trace their roots […]