Category:
” given tax breaks
Jan 28, 2014 (LBO) – A 1.3 billion US dollar sea reclamation project by the main port in Sri Lanka’s capital Colombo by a Chinese firm has been given sweeping tax breaks, a government notice said.The Chinese firm will build the city and will give a part of the land to Sri Lanka’s ports agency. […]
Cricket: Sri Lanka seamers rock Bangladesh in first Test
DHAKA, January 27, 2014 (AFP) – Seamers Shaminda Eranga and Suranga Lakmal shared seven Bangladesh wickets as Sri Lanka dominated the opening day of the first Test in Dhaka on Monday.Eranga finished with 4-49 and Lakmal claimed 3-66 to help bowl out Bangladesh for 232 after the tourists won the toss and chose to field […]
Sri Lanka stocks close lower
Jan 27, 2014 (LBO) – Sri Lanka stocks close 0.16 percent lower Monday with diversified stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 9.82 points lower at 6,245.81, down 0.16 percent. The S&P SL20 closed 17.89 points lower at 3,460.20, down 0.51 percent. Turnover was 872.63 million rupees, down from […]
‘s top order
DHAKA, January 27, 2014 (AFP) – Seamer Shaminda Eranga claimed two wickets as Sri Lanka reduced Bangladesh to 72-4 in the opening session of the first Test in Dhaka on Monday.The tourists justified their decision to bowl first on a rock-hard pitch at the Sher-e-Bangla stadium by grabbing four wickets with just 59 runs on […]
Asian shares tumble as emerging market fears return
HONG KONG, January 27, 2014 (AFP) – Asian markets sank on Monday following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging economies days ahead of a crucial Federal Reserve policy meeting. Japan’s Nikkei, which was the best performer last year, continued its 2014 downtrend as the […]
Cricket: Sri Lanka seek Test revival in Bangladesh
DHAKA, January 26, 2014 (AFP) – Sri Lanka will look to bounce back after an embarrassing setback last week as Angelo Mathews’ tourists begin a two-Test series against an equally inconsistent Bangladesh from Monday.The hosts have recalled opening batsman Imrul Kayes for the first Test in Dhaka and included new batsman Shamsur Rahman, but the […]
Paradise Isle
Jan 25, 2014 (LBO) – The latest bright idea from Sri Lanka™s police is to ask all motor cyclists in the Western province to switch on their headlights during day-time.With this level of macro-economic boost, there will be no need for the Census and Statics department to massage national data.Director Wanasinghe who is regarded a […]
Sri Lanka stocks close up 0.4-pct
Jan 24, 2014 (LBO) – Sri Lanka stocks close up 0.47 percent Friday with telco and tobacco stocks gaining, brokers said. Sri Lanka Telecom on Friday confirmed that they have not negotiated to purchase Hutch. SLT closed 40 cents lower at 36.60 rupees. Cargills Ceylon closed 3.30 rupees higher at 153.40 rupees and Nestle Lanka […]
Cricket: Sri Lanka recall Mendis for Bangladesh Tests
COLOMBO, January 23, 2014 (AFP) – Sri Lanka’s selectors on Thursday recalled unorthodox spinner Ajantha Mendis for two Test matches in Bangladesh starting next week after keeping him out of the recent series against Pakistan.Mendis, 28, who bowls both off-spin and leg-breaks with an unusual finger-flicking action, last played a Test during his team’s home […]
UK in nationalist bid to push up European business costs, undermine capitalism
LONDON, January 24, 2014 (AFP) – British Prime Minister David Cameron was on Friday to insist that the “re-shoring” of jobs from countries such as India and China could be a key factor in spurring European economic growth.Cameron is due to tell the World Economic Forum being held in the Swiss town of Davos that […]
Start Up
Jan 23, 2014 (LBO) – Sri Lanka’s Cargills (Ceylon) Plc said it start up banking arm had been given the nod to start operations by the regulator.Cargills Bank was given a license to start operations from January 21, the firm said in a stock exchange filing. .
Sri Lanka exports up 6.2-pct in 2013: trade ministry
Jan 23, 2014 (LBO) – Sri Lanka’s exports rose 6.2 percent from year earlier to 10,379 million US dollars, the commerce ministry said. Agriculture products grew 10.3 percent to 2479.94 million US dollars, industrial products grew 4.91 percent to 7,618 million US dollars with apparels up 13.31 percent to 4492.20 million. Other export crops surged […]