Category:
India eases visa rules to boost tourist numbers
NEW DELHI, February 6, 2014 (AFP) – Tourists travelling to India from 180 countries will no longer have to queue at their local consulates to obtain visas after New Delhi announced an “historic” overhaul of its strict visa regime.Most foreigners currently have to wait several weeks before learning whether they will be allowed to enter […]
Law and order in Sri Lanka
Feb 06, 2014 (LBO) Each violent death is one too many. When it is senseless, when the victim is innocent,young and full of potential it hurts even more. When the victim is like us, we empathize. The phenomenon looks large and frightening. We feel we are in the midst of carnage. We perceive a collapse […]
Sri Lanka Treasuries bids rejected
Feb 05, 2014 (LBO) – Bids for 3 and 6 month tenors at a weekly Treasury bills auction was rejected Wednesday, but the 12-month yield fell 04 basis points to 7.10 percent. The state debt office said 15.4 billion rupees of bids were accepted for 12-month bills after offering 12.0 billion rupees of bills for […]
Sri Lanka stocks close down 0.7-pct
Feb 05, 2014 (LBO) – Sri Lanka stocks close down Wednesday with banking and diversified stocks losing ground, brokers said. Ceylon Tobacco Company closed 7.40 rupees lower at 1,276.20 rupees and Cargills Ceylon closed 4.90 rupees lower at 149.00 rupees. Lanka IOC closed 1.20 rupees higher at 38.80 rupees and Nestle Lanka ended 5.00 rupees […]
Aftermath
By Nalaka Gunawardene Feb 05 – So it was a known construction worker cum odd job man who killed senior Lankan journalist Mel Gunasekera. The man, hunted down within the same day Mel was stabbed to death in her suburban home, was apparently familiar with the place and the family’s routine. When she recognised him, […]
Sri Lanka president sends unity message
Feb 05, 2014 (LBO) – Sri Lanka’s President Mahinda Rajapaksa called upon foreign nations to support an effort to build unity and reconciliation in a message marking an anniversary of gaining independence from British rule.Western nations, led by the US are expected to move a UN resolution calling on accountability for alleged war crimes citing […]
Appreciation
Feb 04, 2014 (LBO) One of the most humbling experiences in my professional life is the opportunity I had, to work with Mel Gunasekera for nearly ten years and to build a rewarding friendship.Mel took over the challenge of building LBO at a time most people were skeptical about the future of web as a […]
Passing
Feb 04, 2014 (LBO) – Mel was regarded by colleagues as a hard-nosed financial journalist even after she switched to a more lucrative job with an international ratings agency, but few would have known of her other passion – motor sports and classic cars. Our last conversation a few days earlier was all about the […]
Cricket: Sangakkara lifts Sri Lanka with 34th century
CHITTAGONG, February 4, 2014 (AFP) – Kumar Sangakkara became the leading century-maker among active Test players as Sri Lanka bounced back strongly after a shaky start in the second Test against Bangladesh in Chittagong on Tuesday.The tourists, who won the first Test by an innings and 248 runs in Dhaka last week, recovered from 49-2 […]
Sri Lanka stocks close 0.4-pct lower
Feb 03, 2014 (LBO) – Sri Lanka stocks close lower Monday with diversified and finance stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 28.74 points lower at 6,219.34, down 0.46 percent. The S&P SL20 closed 12.03 points lower at 3,431.22, down 0.35 percent. Turnover was 1.10 billion rupees, down from […]
Credit Trend
Feb 03, 2014 (LBO) – Sri Lanka’s private credit is expected to pick up from this quarter, based on historical trends, but there could be a delay, Standard Chartered Bank said, as credit slowed following a balance of payments crisis.The report said further monetary easing should be viewed cautiously as it could generate currency instability […]
Obituary Notice
Gunasekera, Melicia (Mel) – Dearly beloved daughter of Marcus and Manel Gunasekera and loving sister of Dayan died under tragic circumstances. Cortege leaves residence 55/4, Gemunu Mawatha, Sri Subuthipura, Battaramulla at 2.30 pm on February 4, 2014 for service at Our Lady of Fatima Church Battaramulla. Burial will be held at Roman Catholic section of […]