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Sri Lanka stocks down 0.5-pct
Jan 17, 2014 (LBO) – Sri Lanka stocks close in the red Friday ending a six-day upbeat trend with tobacco and diversified stocks losing ground, brokers said. HNB closed 1.10 rupees higher at 158.10 rupees and Lanka Orix Leasing Company closed 50 cents higher at 72.50 rupees. NDB closed 3.70 rupees lower at 182.20 rupees. […]
Modern cigarettes more dangerous than ever: US health report
WASHINGTON, January 17, 2014 (AFP) – Smoking cigarettes can cause even more health problems than lung cancer, including blindness, diabetes, erectile dysfunction and liver cancer, said a major US government report on Friday.The latest Surgeon General’s findings on the health consequences of smoking were to be formally announced at the White House, in a ceremony […]
‘s Sonia Gandhi stalls son Rahul PM candidacy push
NEW DELHI, January 17, 2014 (AFP) – India’s ruling party was putting on a united front Friday at a mass rally after its leader Sonia Gandhi stalled a push to name her son Rahul as prime ministerial candidate at looming elections.Thousands of Congress party members have gathered in the capital New Delhi for a conclave […]
Sri Lanka battle hard against Pakistan spinners
SHARJAH, January 16, 2014 (AFP) – Sri Lanka battled hard against Pakistan’s spinners led by Saeed Ajmal to reach 220-5 at close on the opening day of the third Test in Sharjah on Thursday.Ajmal took 2-62 to leave Sri Lanka struggling at 166-5 before Angelo Mathews (24) and Prasanna Jayawardene (28) saw off the day […]
Sri Lanka stocks up 0.8-pct
Jan 16, 2014 (LBO) – Sri Lanka stocks end on a strong note Thursday recording a gradual increase in the intra day trading amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 50.59 points higher at 6,166.98, up 0.83 percent. The S&P SL20 closed 38.98 points higher at 3,427.05, up […]
First Call
Jan 16, 2014 (LBO) – MV OEL Emirates, the latest vessel in Dubai-based Orient Express Lines had made its maiden call at Sri Lanka’s Colombo port.OEL has services from Colombo to Chennai, Cochin , Tuticorin, Male and Chittagong. Orient Express Lines is a member of Dubai-based Transworld Group of Companies which also has interests in […]
Double Trouble
BOBIGNY, January 14, 2014 (AFP) – A Sri Lankan man wanted on an international arrest warrant for terrorism, was discovered in France by accident, after he walked into a police station to complain about poor working conditions.Jeyanthan Tharmalingam, 35, went last Thursday to give a statement in a case about illegal employment in which he […]
Cricket: Sri Lanka says Bangladesh tour still on
COLOMBO, January 15, 2014 (AFP) – Sri Lanka is to go ahead with a tour to Bangladesh later this month after carrying out its own security assessment in the violence-plagued country, cricket board officials said Wednesday.“There is no such thing. No one has asked us to host the Asia Cup,” Ranatunga said.“The original decision of […]
Consolidation
Jan 14, 2013 (LBO) – Sri Lanka’s financial regulator, the Central Bank, said it will outline a master plan to consolidate banks and finance companies with one-to-one meetings to be held among lenders thereafter. The 2009 one involved property and oil derivatives going bad, and the 2011/2012 bubble involved state enterprise credit, margin and gold […]
Sri Lanka stocks up 0.5-pct – corrected
Jan 13, 2014 (LBO) – Sri Lanka stocks rose 0.55 percent with tobacco and insurance firms gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 33.25 points higher at 6,116.39, up 0.55 percent. The S&P SL20 closed 9.48 points higher at 3,393.99, up 0.28 percent. Turnover was 1.37 billion […]
Credit Trend
Jan 13, 2014 (LBO) – Credit to business and personal customers rose 22.3 billion rupees in November 2013 to 2,519 billion rupees, up 7.3 percent from a year earlier, while loans to the state fell, official data showed.Loan to deposit ratios can deteriorate as the Central Bank expands its balance sheet by purchasing securities from […]
US Call
COLOMBO, January 12, 2014 (AFP) – The United States called Sunday for Sri Lanka to investigate rights abuses by security forces after a top envoy completed a fact-finding mission to the island, the US embassy in Colombo said.US State Department war crimes investigator Stephen Rapp “listened to eyewitness accounts about serious human rights abuses” during […]