Category:
Sri Lanka tourist arrivals up 24-pct in February
Mar 14, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 24.5 percent to 141,878 in February 2014 from a year earlier, with India, Russia and China leading gains, the state tourism promotion office said. Late last year Sri Lanka suddenly reported higher tourist arrivals and revised upwards data from earlier months amid growing uncertainty about […]
New US lead thrusts Malaysia jet search into Indian Ocean
KUALA LUMPUR, March 14, 2014 (AFP) – The needle-in-a-haystack hunt for a missing Malaysian airliner spread to the vast Indian Ocean Friday after the White House cited “new information” that it might have flown for hours after vanishing nearly seven days ago. Multiple US media reports, citing American officials, said the Malaysia Airlines Boeing 777’s […]
Sri Lanka norm deals sans competitive bidding; breeding corruption, high costs: legislators
Mar 14, 2014 (LBO) – Unsolicited deals and awarding massive state contracts without competitive bidding has become the norm in Sri Lanka paving the way for corruption and inflated costs for the tax payer, legislators have charged.The constitution along with one in 1972 is also blamed for destroying the country’s independent public service headed by […]
Sri Lanka stocks close down 0.3-pct, rupee weaker
Mar 13, 2014 (LBO) – Sri Lanka’s stocks close lower for the fourth consecutive day with tobacco and diversified stocks losing ground and the rupee weakened amid stronger import demand, brokers and dealers said. The Colombo benchmark All Share Price Index closed 19.58 points lower at 5,913.94 down 0.33 percent. The S&P SL20 closed 14.16 […]
Cloud Service
Mar 13, 2014 (LBO) – Sri Lanka Telecom said it had started a cloud computing service branded ‘akaza’ as it deploys high speed broadband internet around the country.“Today, around the globe, high-end enterprises, private and public institutions, small and medium enterprises (SMEs) and micro businesses tap into cloud computing to lower their costs and increase […]
” flights
Mar 13, 2013 (LBO) – The mystery over a missing Malaysia Airline flight has deepened with reports that it may have been airborne for hours, recalling earlier ‘ghost flight’ events with no communications.In 2004, A Beechcraft 200 Super King Air left Perth on a 600 kilometre journey and eventually flew 2,840 kilometres before crashing in […]
Cricket: Afridi hopes to regain fitness ahead of World T20
LAHORE, March 13, 2014 (AFP) – Pakistan allrounder Shahid Afridi said Thursday he was hopeful of a quick recovery from injury in time for the World Twenty20 in Bangladesh next week after his exploits at the Asia Cup. The 34-year-old hurt his groin during the recent one-day tournament, which concluded last week and was also […]
‘s CTC eyes e-cigarettes as fears over kids rise
Mar 13, 2014 (LBO) – Sri Lanka’s Ceylon Tobacco Company, a unit of British American Tobacco said it was eyeing e-cigarettes as fears are rising in many countries of children being drawn into smoking through the product. Last week Los Angeles passed a law to ban the product where smoking is banned. “I am most […]
Sri Lanka approves US$3.6bn investments in 2013
Mar 13, 2014 (LBO) – Sri Lanka has approved 3.6 billion US dollar equivalent in investment projects in 2013 including 1.3 billion US dollars from domestic investors, an official said. “Last year we have signed agreements worth about 2.3 billion US dollars (from investors) and on top of that we also signed 1.3 billon US […]
Sri Lanka Treasuries ease lower
Mar 12, 2014 (LBO) – Sri Lanka’s Treasuries yields edged lower at Wednesday’s auction with the 3-month yield down 02 basis points to 6.69 percent, the state debt office said.The 6-month yield fell 03 basis points to 6.85 percent and the 12-month yield fell 01 basis point to 7.06 percent. The state debt office said […]
Sri Lanka stocks end down 0.2-pct
Mar 12, 2014 (LBO) – Sri Lanka’s stocks close 0.19 percent lower Wednesday with leading food and beverage company losing ground, brokers said. SLT closed 70 cents lower at 44.00 rupees and Dialog Axiata closed flat at 9.00 rupees. Asian Hotels and Properties closed 1.00 rupee lower at 58.00 rupees and John Keells Holdings closed […]
Malaysia seeks more Sri Lankan visitors amid visa fee hike
Mar 12, 2014 (LBO) – Malaysia is seeking more visitors from Sri Lanka and an expansion of weekly flights, amid a ten-fold hike in visa fees that has made travel to the country more expensive.“But we are looking into public comments, agencies comments and also the service level of facilitator if we are to make […]