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Sri Lanka promise fightback against Pakistan
DUBAI (AFP) – Sri Lankan captain Dinesh Chandimal vowed his team would come back hard at Pakistan in the second Twenty20 international in Dubai on Friday to keep their world number one ranking intact.Pakistan edged out Sri Lanka by three wickets in a thrilling last-over finish in the first match on Wednesday. If Pakistan, currently […]
EU bank watchdog warns over Bitcoin
LONDON, December 13, 2013 (AFP) – The European Union’s banking watchdog on Friday issued a warning over virtual currency trading amid huge swings in the value of Bitcoin, a lack of regulation and money laundering risks.The EBA urged users to “exercise the same caution with your digital wallet as you would do with your conventional […]
‘s NTB debentures oversubscribed
Dec 12, 2013 (LBO) – Sri Lanka’s Nations Trust Bank said its 3.0 billion rupee 5-year debenture offer was oversubscribed within hours of opening.The bank is offering 30 million 100 rupee debentures paying 13 percent every six months, giving an annual effective yield of 13.42 percent. The issue had drawn more than 5.0 billion rupees […]
Sri Lanka stocks end higher
Dec 12, 2013 (LBO) – Sri Lanka stocks closed higher Thursday with diversified stocks gaining amid net foreign buying on the bourse, brokers said. The Colombo benchmark All Share Price Index closed 5.38 points higher at 5,793.19, up 0.09 percent. The S&P SL20 closed 7.17 points higher at 3,189.44, up 0.23 percent. Turnover was 247.70 […]
Expanded Use
Dec 12, 2013 (LBO) – SAP AG, an information technology company known for its enterprises resource planning software is expecting more business in Sri Lanka with a wider range of its products including e-government solutions, an official said.Public services included central and regional government, Treasury, healthcare, education, port and airports and project management. On Tuesday […]
IATA sees record profits for airlines in 2014
GENEVA, December 12, 2013 (AFP) – Airlines are expected to post record profits in 2014, the International Air Transport Association said Thursday, citing sliding oil prices and mergers for the sector’s improving outlook.European airlines, meanwhile, are seen as making major progress, with profits expected to hit $3.2 billion in 2014, up from $1.7 billion this […]
‘s T20 win over Sri Lanka
DUBAI, December 11, 2013 (AFP) – Dashing allrounder Shahid Afridi starred in Pakistan’s exciting three-wicket win over Sri Lanka in the first Twenty20 international at Dubai stadium on Wednesday. Afridi scored an unbeaten 20-ball 39, hitting the winning six off the last ball of the final over by paceman Nuwan Kulasekara to give Pakistan a […]
Sri Lanka Treasuries yield plunge
Dec 11, 2013 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12 month yield plunging 35 basis points to 9.15 percent, data from the state debt office showed.The debt office offered 10 billion rupees of maturing bills and accepted 13.3 billion rupees in bids from the auction. The three […]
Sri Lanka stocks close higher
Dec 11, 2013 (LBO) – Sri Lanka stocks closed greener Wednesday with diversified stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 9.29 points higher at 5,787.81, up 0.16 percent. The S&P SL20 closed 5.65 points higher at 3,182.27, up 0.18 percent. Turnover was 180.07 million rupees, down […]
Sri Lanka stocks end 0.7-pct lower
Dec 10, 2013 (LBO) – Sri Lanka stocks closed in the red Tuesday with index heavy stocks losing ground despite strong foreign buying, brokers said. HNB closed flat at 143.00 rupees and Touchwood Investments also closed flat at 2.90 rupees. The Colombo benchmark All Share Price Index closed 42.78 points lower at 5,778.52, down 0.73 […]
Vehicle Trend
Dec 11, 2013 (LBO) – Sri Lanka’s motor vehicle registrations were flat in November 2013 at 27,424 units, barely changed from 27,082 a year earlier but there were steep increases in hybrids, large cars and sport utility vehicles, an analysis by a research house shows.Motor car registrations at 2,226 in November were sharply up from […]
Tech Boost
Dec 10, 2013 (LBO) – Sri Lanka’s HSBC unit said its payment processing service can be linked to enterprise resource planning software of clients boosting productivity and reducing errors. HSBC said it had integrated its payment processing and cash management system HSBC Connect to SAP Lite (C2SAP Lite) at MAS Active, a top apparel manufacturer […]