Category:
Cricket: Perera lift Sri Lanka to 165-7 in World Twenty20
CHITTAGONG, March 22, 2014 (AFP) – Kusal Perera hit a robust half-century to lift Sri Lanka to 165-7 in their group one Super-10 stage match against South Africa in Chittagong on Saturday. Sri Lanka’s most experienced trio of Tillakaratne Dilshan (nought), Mahela Jayawardene (nine) and Kumar Sangakkara (14) failed to supplement Perera. South African captain […]
Sri Lanka stocks close up 0.4-pct
Mar 21, 2014 (LBO) – Sri Lanka’s stocks close 0.39 percent higher partly reversing previous losses with diversified and beverage stocks gaining amid thin foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 23.31 points higher at 5,937.87 up 0.39 percent. The S&P SL20 closed 14.11 points higher at 3,246.02, up 0.44 […]
‘s LOLC group leisure assets under Browns unit
Mar 21, 2014 (LBO) – Sri Lanka’s Lanka Orix Leasing Company Plc said it had sold a 70 percent stake in LOLC Leisure, a hotel company, to Browns Investments Plc, a related company, for 2.8 billion rupees. In a separate transaction dated prior to the exit, LOLC Leisure was buying back shares from both LOLC […]
Sri Lanka hotel show and confab to showcase new tech, draw talent
Mar 20, 2014 (LBO) – A hotel supplies exhibition in Sri Lanka and an international hoteliers’ conference in June will showcase the latest energy saving technology and also help draw talent to the fast growing industry, officials said.The three day Hotel Show 2014, billed as the largest such event is South Asia is to kick […]
Maldives to go ahead with polls, says commission
MALÉ, March 21, 2014 (AFP) – The Maldivian elections commission said Friday it planned to go ahead with this weekend’s parliamentary polls despite the islands’ new president expressing doubts over whether the vote can be conducted.President Abdulla Yameen told a public rally in the capital island Male on Thursday night that a depleted Elections Commission […]
‘s Laugfs says mini-hydro plant running
Mar 21, 2014 (LBO) – Sri Lanka’s Laugfs Gas Plc, a group with interests in energy, retailing and leisure said the first phase of a mini hydro power plant has started operations on March 17.It will sell power to state-run Ceylon Electricity Board. Laugfs had earlier said its Ranmudu Oya mini-hydro plant is Balangoda will […]
Sri Lanka policy rates steady; inflation, credit growth benign
Mar 21, 2014 (LBO) – Sri Lanka is holding a policy rate corridor at 6.5 to 8.0 percent, the Central Bank said amid benign credit growth and inflation.In 2011 a drought which reduced hydro power generated was accommodated by the banking credit which eventually saw the rupee falling to 130 from 100 to the US […]
”’ by RAM
Mar 20, 2014 (LBO) – Sri Lanka’s Softlogic Retail (Pvt) Ltd, a consumer durables and apparel retailer has been given a ‘BBB-‘ domestic rating by RAM Ratings Lanka. ” The ratings are upheld by the Company’s strong competitive position backed by its diversified target markets and a retail branding strategy which caters to the various […]
Sri Lanka shares close flat
Mar 20, 2014 (LBO) – Sri Lanka’s shares close slightly higher amid thin price increases in the index heavy stocks, brokers said. Ceylon Cold Stores closed 5.70 rupees lower at 141.00 rupees and Nestle Lanka closed 2.90 rupees higher at 1,953.10 rupees. Ceylon Tobacco Company closed 10 cents lower at 1,099.90 rupees and John Keells […]
Sri Lanka releases details on foreign reserves, gold holdings
Mar 20, 2014 (LBO) – Sri Lanka has released a breakdown of foreign assets and gold holdings in official forex reserves for November 2013 as well as liabilities involving swaps and other payments.Foreign currency liabilities involving forex swaps and official loans due for repayment were also given on the liabilities side. For the next year […]
Fed Chair Yellen keeps printing money at a lower rate
WASHINGTON, March 19, 2014 (AFP) – New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke Wednesday, shrugging off recent economic weakness as largely weather-caused. The Fed slightly cut its forecast for economic growth, trimming the high end of the ranges by 0.2 percentage point to […]
Sri Lanka Treasuries edge lower
Mar 19, 2014 (LBO) – Sri Lanka’s Treasuries yield edged lower at Wednesday’s auction with the 3-month yield down 03 basis points to 6.66 percent, data from the state debt office showed. The 6-month yield fell 02 basis points to 6.83 percent and the 12-month yield fell 01 basis point to 7.05 basis points. The […]