Category:
Reclaiming Controversy
Mar 09, 2014 (LBO) – State-run Sri Lanka Port Authority has responded to criticism over the award of an unsolicited sea reclamation project to a Chinese firm saying deals on similar lines had happened earlier. China Communication Construction Co.Ltd (CCCC), a key player in the ‘Port City’ project involving 233 hectares near Colombo Port has […]
Rail Deal
Mar 09, 2014 (LBO) – A 600 million US dollar contract to extend a rail track from Beliatta to Kataragama in Sri Lanka’s South has been awarded to China National Machinery Import and Export Corporation (CNMIEC), a media report said.People from whom land had been acquired has already been compensated, the reported quoted Matara-Kataragama Railway […]
One worker killed in Indian nuclear submarine accident
NEW DELHI, March 9, 2014 (AFP) – One Indian worker was killed in an accident during construction of a nuclear submarine, a defence statement said Sunday, the latest in a string of deadly mishaps to hit the navy.Two other workers were injured in the accident on Saturday at a ship building centre in the southeastern […]
Sri Lanka thump Pakistan for Asia Cup title
DHAKA, March 8, 2014 (AFP) – Opener Lahiru Thirimanne hit a magnificent century to help Sri Lanka thump Pakistan by five wickets to regain the Asia Cup title in Dhaka on Saturday. The left-hander notched 101 for his third one-day hundred to anchor Sri Lanka’s successful chase of a 261-run target in 46.2 overs for […]
Grave Affair
COLOMBO, March 8, 2014 (AFP) – Sri Lankan authorities halted excavations after recovering 81 skeletal remains from an unmarked mass grave atop an old burial ground in the island’s former war zone, an official said Saturday.Judicial medical officer Dhananjaya Waidyaratne said digging at a depth of about two metres (6.7 feet) led to the old […]
‘s interest rates kept higher to help savers: Treasury Secretary
Mar 08, 2014 (LBO) – Sri Lanka’s interest rates have been kept higher than underlying conditions required, in order to protect savers, Treasury Secretary P B Jayasundera said.Jayasundera said price reforms in state energy utilities, transport and water distribution had resulted a public sector deficit reversal of around 2 percent of gross domestic product. “And […]
Sri Lanka stocks close flat
Mar 07, 2014 (LBO) – Sri Lanka’s stocks close 0.07 percent higher Friday with index heavy John Keells Holdings extending gains amid thin foreign activity, brokers said. The Colombo benchmark All Share Price Index closed 4.13 points higher at 5,966.06 up 0.07 percent. The S&P SL20 closed 10.94 points higher at 3,244.99, up 0.34 percent. […]
E-cigarette use linked to higher smoking odds
WASHINGTON, March 6, 2014 (AFP) – E-cigarette use among US youths doubled in just one year, and those who tried the unregulated devices were more likely to smoke conventional cigarettes as well, a study said Thursday. Commonly sold at convenience stores and gas stations, e-cigarettes are battery powered gadgets that deliver nicotine through a vapor […]
SriLanka Airlines to join oneworld from May 01
Mar 07, 2014 (LBO) – State-run SriLankan Airlines said it is on track to join OneWorld, a global alliance of carriers on May 01, following the successful completion of a review by its sponsor, Cathay Pacific Airways. As part of oneworld, SriLankan will all of its customers seamless connections across a global network serving almost […]
Sri Lanka electrocution deaths excessively high: regulator
Mar 07, 2014 (LBO) – Excessively large numbers of people are dying in Sri Lanka from electrocution partly due to illegal power tapping, unsafe practices and carelessness, a regulatory official said.We are not an electrically safe country, Nilantha Sapumanage, Director Inspectorate of Public Utilities Commission of Sri Lanka told a forum in Colombo organized by […]
Cricket: Sangakkara, Afridi set to light up Asia Cup final
DHAKA, March 7, 2014 (AFP) – Rampaging Shahid Afridi and prolific Kumar Sangakkara have set the stage for a rousing contest when Pakistan face Sri Lanka in the Asia Cup one-day final in Dhaka on Saturday.Angelo Mathews’ Sri Lanka have been the dominant team in the five-nation event with four straight victories in the league, […]
‘s fastest growing firms to join US-based AllWorld Network
Mar 07, 2014 (LBO) – Sri Lanka firms and start-ups could gain wide visibility which will win them more business and financial backing after the island joined the AllWorld Network, a grouping of fast-growing companies, officials said.“Those companies are not growing at 5 percent,” Anne Habiby, co-founder of AllWorld Network told a forum in Colombo […]