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Sri Lanka rejects night cricket Tests with pink ball
COLOMBO, August 16, 2013 (AFP) – Sri Lanka on Friday turned down a request from Pakistan to play day-night Tests in the upcoming series in the United Arab Emirates (UAE) where both countries have loyal fans. Sri Lanka Cricket (SLC) said it decided against playing day-night Tests “since the national team players have not practised […]
Cricket: Pakistan plans day-night Test with Sri Lanka
KARACHI, August 15, 2013 (AFP) – Pakistan cricket authorities said Thursday they have proposed playing day-night Tests in the upcoming series against Sri Lanka in the United Arab Emirates in a bid to attract bigger crowds.“The time and weather would be ideal as there will be no dew at that time and it will be […]
” challenge in Sri Lanka
August 15, 2013 (AFP) – England cricket legend Sir Ian Botham said Thursday he has accepted his “daftest” challenge — walking hundreds of miles under Sri Lanka’s scorching sun to raise money for charity.“It is good to make appeals on television, but when they see you actually doing something, then they are likely to give […]
Sri Lanka hopes for current account surplus in BOP after 2016: CB Governor
Aug 16, 2013 (LBO) – Sri Lanka hopes to have a current account surplus in the balance of payments after 2016 Central Bank Governor Nivard Cabraal said. A capital account deficit country, or a country that builds up foreign reserves could have a current account surplus. “Sri Lanka will have inflows to the country,” Cabraal […]
Sri Lanka to target mid-single digit inflation next year: CB Governor
Aug 16, 2013 (LBO) – Sri Lanka will target mid-single digit inflation from next year from the current single digit, Central Bank Governor Nivard Cabraal said. Inflation spiked to near 10 percent earlier in 2013 following high credit growth and balance of payments trouble which sent the rupee reeling to 130 to the US dollar […]
Sri Lanka policy rates kept flat, external sector to be watched
Aug 16, 2013 (LBO)- Sri Lanka has kept policy rates steady in August with inflation moderate but the external sector will be watched closely amid currency turmoil in trading partners, the Central Bank said. “Such inflows display that the foreign investor confidence on Sri Lanka has remained unchanged despite the volatility caused by global markets […]
Higher Profits
Aug 15, 2013 (LBO) – Profits at Sri Lanka’s National Development Bank group rose 297 percent to 797 million rupees in the June 2013 quarter helped by strong interest income and lower bad loan provisions, interim accounts showed. Trading profits rose to 285 million rupees from 211 million rupees and other operating profits were 425 […]
Weak Quarter
Aug 15, 2013 (LBO) – Profits at Sri Lanka’s Sampath Bank fell 48 percent to 651 million rupees amid higher charges for losses on gold-backed loans, interim accounts showed. Core capital adequacy fell to 10.51 percent of risk weighted assets by Jun from 11.87 percent in December and total capital adequacy fell to 12.64 percent […]
Appointment
Aug 15, 2013 (LBO) – Sri Lanka’s EAP Holdings said award Prasanna Vithanage, an award winning film and theatre director has been appointed as an independent director to board of its media and entertainment division.EAP Media and Entertainment division runs terrestrial television stations Swarnavahini and ETV; Shree FM, E FM and Run FM radio channels […]
Growing Sector
Aug 15, 2013 (LBO) – Sri Lanka™s human resources management sector is growing faster than in countries like India and China where there is a relative slowdown, an international specialist said. “The aspiration and the sentiment in the HR sector here is quite positive and its growth path is escalating,” Pat Caputo from Aon Hewitt’s […]
Chance
Aug 15, 2013 (LBO) – Sri Lanka’s state-run National Lotteries Board (NLB) expects revenues to grow 16.2 percent to 14.7 billion rupees in 2013, a top official said.This year it has paid 3,761 million rupees as prize money and created paid prizes of over 10 million rupees to 14 winners. Chairman Chaminda Athuluwage said revenues […]
India plunges into Mercantilist moves as currency slips
NEW DELHI, August 14, 2013 (AFP) – India slapped new controls Wednesday on foreign exchange outflows as it struggled to narrow a record current account deficit and arrest the fall of the rupee.The central bank “has to cater to both currency and inflation risks”, which means monetary easing to kickstart growth “is off the table […]