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Sri Lanka shares close down 0.5-pct
Feb 19, 2014 (LBO) – Sri Lanka stocks close down 0.59 percent retreating for the fifth consecutive day with losses in the index heavy tobacco and diversified stocks, brokers said. Commercial Leasing and Finance closed 30 cents lower at 3.90 rupees and Bukit Darah ended 1.80 rupees lower at 590.50 rupees. Commercial Bank closed 1.50 […]
Island Branch
Feb 18, 2014 (LBO) – Sri Lanka’s state-run Bank of Ceylon, the island’s largest bank by assets said it had opened a branch in Seychelles.Bank of Cetlon Assistant General Manager Ranjith Haputhanthri is country head for Seychelles. The bank said it wants to expand into other emerging markets. The bank already has branches in Chennai, […]
Sri Lanka cabinet approves integrated resort investments
Feb 19, 2014 (LBO) – Sri Lanka’s cabinet of ministers had approved investment concessions for three integrated resort projects which appear to limit income tax cuts to gaming, according to public notices published. The concession are then approved by the cabinet and tabled in parliament. The tax concession for gaming ran into controversy, with opposition […]
Lessons
COLOMBO, February 19, 2014 (AFP) – A Sri Lankan delegation headed to South Africa Wednesday to study the work of a post-apartheid truth commission as pressure mounts on Colombo to address allegations of war crimes against ethnic Tamils.Health Minister Nimal Siripala de Silva was leading a five-member team which would see what lessons it could […]
Released
NEW DELHI, February 19, 2014 (AFP) – The chief minister of an Indian state Wednesday ordered the release of all seven people jailed for plotting the assassination of former prime minister Rajiv Gandhi, meaning they could walk free in three days.J. Jayalalithaa, chief minister of Tamil Nadu, announced the decision one day after the country’s […]
Energy-starved Pakistan sets sights on coal
GADANI, February 19, 2014 (AFP) – After years of rolling blackouts that have wreaked havoc on industry and fuelled political unrest, energy-starved Pakistan has set its sights on a coal-fired future. Regarded as the dirtiest of all fossil fuels, recent discoveries of untapped coal fields in southern Pakistan have convinced the government they could be […]
White House counters nationalist attacks on trade freedom efforts
WASHINGTON, February 18, 2014 (AFP) – The White House moved Tuesday to fend off criticism of its efforts to seal two new giant free trade pacts, saying the deals would benefit US workers and protect the environment.“Some of the criticisms I hear of our agenda describe the state of the trade policy in 1994, not […]
Sri Lanka stocks close down 0.5-pct
Feb 18, 2014 (LBO) – Sri Lanka stocks close 0.57 percent lower for the forth consecutive day with tobacco and diversified stocks losing ground amid net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 34.45 points lower at 6,021.66, down 0.57 percent. The S&P SL20 closed 18.20 points lower at 3,288.04, […]
Commuted
NEW DELHI, February 18, 2014 (AFP) – India’s Supreme Court commuted the death sentences Tuesday for three killers of former prime minister Rajiv Gandhi, citing delays in the case 23 years after he was assassinated by a Tamil suicide bomber.The top court headed by Chief Justice P. Sathasivam handed the three life in prison on […]
Deadly Detention
SYDNEY, February 17, 2014 (AFP) – One person was killed and 77 injured during a second night of rioting at an Australian immigration detention centre on Papua New Guinea’s Manus Island, officials said on Tuesday.“I am advised that all staff have been accounted for, our service providers are in control of the centre and there […]
Tele Gains
Feb 18, 2014 (LBO) – Profits at Sri Lanka’s Dialog Axiata, which has interests mobile, fixed and pay television, rose 20 percent from a year earlier to 1.1 billion rupees in the December 2013 quarter, interim accounts showed. The group reported earnings of 14 cents per share for the quarter. In the year to December […]
Sri Lanka stocks close down 0.4-pct
Feb 17, 2014 (LBO) – Sri Lanka stocks close 0.45 percent lower for the third straight day with diversified stocks losing ground, brokers said. Ceylon Tobacco Company closed 10.00 rupees lower at 1,240.00 rupees and Aitken Spence closed 2.50 rupees lower at 100.10 rupees. Commercial Bank closed 1.00 rupee lower at 117.00 rupees and NDB […]