Category:
Sri Lanka spice exports up 40-pct
Dec 17, 2013 (LBO) – Export revenues of spices from Sri Lanka have risen 40 percent from a year earlier to 274 million US dollars in the first 10 months of 2013, an industry body said. Two centuries ago spices and areca nut were Sri Lanka’s key exports contributing to thje majority of government revenues. […]
Neanderthals cared for elder, burial site shows
WASHINGTON, December 17, 2013 (AFP) – New findings at an old Neanderthal burial ground in France have bolstered the notion that cavemen cared for their elders, researchers said Monday.The research is based on excavations around the skeleton of an elderly Neanderthal man who could barely walk and had lost his teeth, and who was painstakingly […]
Colombo Plan
Dec 16, 2013 (LBO – Australia has launched a student exchange program called the ‘New Colombo Plan, which will see hundreds of students fanning out to study and intern in Indo Pacific countries.Australia will spend 100 million dollars over 5-years on the program. The Australian High Commission (embassy) in Colombo said the program will start […]
Media Training
Dec 16, 2013 (LBO) – Journalists in Sri Lanka and other South Asian countries are invited to participate in an online training program followed by a five day conference in Kathmandu, Nepal.The projects will be grouped together for regional cooperation. Project selections are made before the Kathmandu conference, giving the journalists an opportunity to plan […]
Pakistan strive to keep momentum against Sri Lanka
SHARJAH, December 16, 2013 (AFP) – In-form Pakistan are seeking to build on their recent thrilling one-day triumph in South Africa when they take on dangerous but rusty Sri Lanka in a five-match series starting in the United Arab Emirates on Wednesday.The remaining ODIs will be played in Dubai (December 20), Sharjah (December 22) and […]
Sri Lanka and Kenya ink deals in tourism, trade and economic co-operation
Dec 15, 2013 (LBO) – Sri Lanka and Kenya has signed agreements in tourism, trade, economic, commercial and technical co-operation during a four day state visit by President Mahinda Rajapaksa.Sri Lanka’s President Mahinda Rajapaksa is on a four day state visit to Kenya. His media office said the two leaders also had talks on further […]
‘s Senkadala Finance debt gets Rs1.3bn in orders
Dec 14, 2013 (LBO) – A debt sale by Sri Lanka’s Senkadagala Finance Plc has received applications for 1.3 billion rupees, the firm said.The issue opened and closed on December 06 with 147 applications coming in for the 5-year subordinated debentures. The debenture proceeds are used to boost capital and future lending. Senkadagala Finance said […]
” amid China tensions
TOKYO, December 14, 2013 (AFP) – Japan and Southeast Asian countries agreed Saturday on the importance of freedom in the skies, in the first major gathering of the continent’s leaders since China ramped up regional tensions with a controversial air defence zone.The Philippines, Vietnam, Malaysia and Brunei all have their own disputes with China over […]
Cricket: Sri Lanka over the moon after Pakistan win
DUBAI, December 14, 2013 (AFP) – Sri Lankan captain Dinesh Chandimal said his team were over the moon on keeping their world number one status intact with a win against Pakistan in the second Twenty20 in Dubai on Friday.The 24-run win levelled the two-match series 1-1 and dashed Pakistan’s hopes of replacing Sri Lanka as […]
Sri Lanka stocks close higher
Dec 13, 2013 (LBO) – Sri Lanka stocks closed higher Thursday with finance and diversified stocks gaining despite net foreign selling, brokers said. Ceylinco Insurance closed flat at 1,348.90 rupees and Commercial Bank closed 50 cents lower at 117.00 rupees. Sampath Bank closed 1.00 rupee higher at 168.00 rupees and NDB closed 80 cents lower […]
Pakistan textile sector eys boost from EU export deal
KARACHI, December 13, 2013 (AFP) – Pakistan’s textile sector Friday welcomed a European Union’s move to cut duties on the country’s exports, saying it would add billions to the economy, but it warned an energy crisis could prevent firms from benefiting from the windfall.The EU on Thursday signed a law granting Pakistan generalised system of […]
Sri Lanka insurance outlook stable despite underwriting losses: Fitch
Dec 13, 2013 (LBO) – Fitch Ratings said the outlook for Sri Lanka’s insurance sector was stable despite many insurers making underwriting losses and uncertainty over the effects of regulatory changes.The rating agency said intense price competition in motor has kept the combined ratio’s of many insurers above 100 percent, indicating that before investment income […]