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Cricket: Sangakkara hits another ton as Sri Lanka eye win
CHITTAGONG, February 7, 2014 (AFP) – Kumar Sangakkara became the second batsman in history to score a triple-century and a hundred in the same match as Sri Lanka pressed for victory in the second Test against Bangladesh in Chittagong on Friday.Spinner Ajantha Mendis finished with six for 99, having claimed both the remaining wickets after […]
Sri Lanka shares close down 0.4-pct
Feb 07, 2014 (LBO) – Sri Lanka shares end 0.43 percent down Friday with tobacco and beverage stocks losing ground amid strong foreign selling, brokers said. Ceylon Tobacco Company on Friday declared 8.55 rupees of final dividend per share for the last year. Commercial Bank closed 2.90 rupees lower at 120.10 rupees and Commercial Leasing […]
‘s Janashakthi in travel insurance
Feb 07, 2014 (LBO) – Sri Lanka’s Janashakthi Insurance said it has launched a worldwide travel insurance product which was also available for subscribers of Dialog Telekom. Worldwide travel insurance covering hospitalization of up to 50,000 US dollars and 25,000 for accidental death and disability is also provided for subscribers of Dialog Telekom, for 175 […]
” power grab at ICC
LONDON, February 7, 2014 (AFP) – Plans to give India, England and Australia greater power in running the International Cricket Council have been blasted as “entirely motivated by money” by the judge asked to review its governance.Last month the ICC said it had reached “unanimous agreement” on the outline of a plan to give the […]
Tribute to Mel Gunasekera (1973-2014)
Tribute to Mel Gunasekera (1973-2014) The Founding Editor/ LBO This page is dedicated to the memories of Mel Gunasekera A journalist of distinction, who knew no bounds to her loyalty – to her family, profession and friends. Lakshaman Bandaranaike – Publisher LBO Mel Gunasekera (1973 -2014) Who knew no bounds to her loyalty Mel took […]
Sri Lanka shares end lower
Feb 06, 2014 (LBO) – Sri Lanka shares closed weaker Thursday with tobacco and index heavy stocks losing ground amid strong foreign selling, brokers said. Carson Cumberbatch ended 4.80 rupees lower at 342.20 rupees and Dialog ended 10 cents lower at 9.10 rupees. Sri Lanka Telecom ended 1.60 rupees higher at 37.70 rupees and Commercial […]
Rating
Feb 06, 2014 (LBO) – Sri Lanka’s MCSL Financial Services Ltd has been given a ‘BBB’ rating by RAM Ratings Lanka, and a subordinated debenture ‘BBB-‘. The ratings were supported by its ultimate parent, state-run Bank of Ceylon. MCSL’s gross NPL ratio worsened from 8.76 percent as at end-FY Dec 2011 to 10.41 percent by […]
Capital Plan
Feb 06, 2014 (LBO) – Nations Lanka Finance Plc said it would raise 1.4 billion rupees by selling shares to a foreign investor.The firm said in a stock exchange filing that it wanted to sell shares and warrants totaling 29.9 percent of company to Global Emerging Markets Yield Fund LLC. Sri Lanka’s finance companies are […]
Tribute
Feb 06, 2014 (LBO) Writing being my bête noire it is with some trepidation that I write this. I can picture Mel chiding me, Aiyo, what men! Poor show Tones! The start of the week saw me wake up to yet another morning of my wife’s Facebook rituals. Only this time, it was going to […]
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 […]