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Hypocrisy one-upmanship in Sri Lanka
Sept 20, 2013 (LBO) – One of the worst things this administration has done is double the size of the government work force.One of the best things the short-lived Ranil Wickremesinghe administration did in 2002-04 was to freeze government appointments in the face of an economic crisis that saw the economy contracting for the first […]
”s new boat people policy
UDAPPUWA, September 20, 2013 (AFP) – As Australia’s new government launches tough measures to halt asylum seekers arriving on boats, some dirt-poor fishermen and their families half a world away in Sri Lanka seem undeterred. Although Armugasamy did not fullfil his dream of resettling in Australia, he still hopes the journey was worth it. The […]
Four Sri Lankans on global economics blog
Sep 19, 2013 (LBO) – Future Development: Economics to End Poverty, a blog to create a discussion on global development issues has been launched, led by World Bank economist Shanta Devaranjan in which four Sri Lankans are included.Basic tools of mobility that helped improve living standards and productivity in ‘developed countries’ such as cars and […]
‘s first online investment application from UK oil services firm
Sept 19, 2013 (LBO) – Sri Lanka’s foreign investment agency said a UK based oil services firm had been the first to use its online investment application portal on September 18, within a day of its launch.Sri Lanka’s Board of Investment launched the web portal for investment applications on September 17, promising to make the […]
”’ international rating confirmed: Fitch
Sept 18, 2013 (LBO) – Fitch Ratings said a ‘B+’ international rating of Sri Lanka’s People’s Leasing and Finance has been confirmed with a stable outlook. The company’s domestic ‘AA(lka)’ rating has also been confirmed. People Leasing is a unit of Sri Lanka’s state-run People’s Bank. The full statement is reproduced below: Fitch Affirms People’s […]
Sri Lanka stocks close down 0.08-pct
Sept 18, 2013 (LBO) – Sri Lanka stocks extended losses Wednesday closing 0.08 percent lower despite foreign buying, brokers said. Sept 19, 2013 (LBO) – Sri Lanka stocks extended losses Wednesday closing 0.08 percent lower despite foreign buying, brokers said. The market fell 0.33 percent on Monday and 0.58 percent on Tuesday. The Sri Lanka […]
Sri Lanka Shangri La hotel to start building in October
Sept 18, 2013 (LBO) – A 450 million US dollar project by Hong Kong based Shangri La in Sri Lanka’s capital Colombo will begin construction by end October investment promotions minister Lakshman Abeywardene said.The project is still in the planning stages with promoters saying soil conditions required design changes. “We have been told the planning […]
‘s Tess Agro in Rs117mn cash call
Sept 18, 2013 (LBO) – Sri Lanka’s Tess Agro, a fish exporter has made a 117 million rupee cash call to finance a European marketing arm and a domestic project.. The Tess Agro said it wants to sell 60 million ordinary shares at 1.50 rupees to shareholders at the rate of one for every three […]
Beluga whales create art in Japan aquarium
TOKYO, September 18, 2013 (AFP) – Beluga whales at an aquarium near Tokyo are learning how to paint pictures as part of an autumn art programme for visitors, an official said Wednesday.The sea creatures at the Hakkeijima Sea Paradise aquarium in Yokohama will be showing off their skills with specially adapted paintbrushes that they can […]
‘s Krrish: minister
Sept 18, 2013 (LBO) – India’s Krrish group has paid another installment for state land given to their project including interest for delays investment promotion minister Lakshman Abeywardene said. The project has become controversial due to payment delays and has come under fire from the opposition for not being awarded on open tender. At the […]
Ford to step down as Sri Lanka cricket coach
COLOMBO, September 18, 2013 (AFP) – Sri Lanka will seek a new coach after South African Graham Ford declined to extend his two-year term beyond January, cricket officials said on Wednesday.“The national coach has indicated of his unavailability to continue after his contract expires in January 2014,” Sri Lanka Cricket said in a statement. “He […]
‘s ex-war zone vote
JAFFNA, September 18, 2013 (AFP) – Foreign observers held talks with officials and candidates in Sri Lanka’s former war zone Wednesday to ensure the region’s first elections to choose a semi-autonomous council pass off peacefully, officials said. Some 906 candidates are contesting the 36 seats in the Northern council which is going to the polls […]