Category:
Sri Lanka businesses looks for ways to cut power use
July 01, 2013 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said it is holding an expert forum for businesses looking for ways to cut power use after a recent hike. “The recent escalation in electricity tariffs was estimated to increase the electricity bills of most industrial, hotel and commercial enterprises by about 20 30 […]
Is the Chinese model replicable?
July 01, 2013 (LBO) Three days in Shanghai is surely not enough to understand what makes China tick. But as I sit in the new Pudong International Airport looking across the runway at the big cargo ships on the adjacent Yangtze River head out to sea or into port, I sort of get the value […]
Sri Lanka urban inflation index up 7.1-pct in June
July 01, 2013 (LBO) – Sri Lanka’s consumer prices rose 7.1 percent in the 12-month to June 2013 from a year earlier, slowing from 9.6 percent in May, an index compiled by a private research house showed.The CAL Urban Index, fell 1.3 percent absolutely during the month, CAL Research, a unit of Sri Lanka’s Capital […]
New Bank of England boss Carney faces stimulus battle
LONDON, June 30, 2013 (AFP) – Canadian Mark Carney begins his job as governor of the Bank of England on Monday, joining an institution divided on whether to pump out more cash stimulus to boost Britain’s fragile economic recovery.Carney, who made his name as head of the Bank of Canada where he helped to guide […]
Sri Lanka flights to be resumed through AirAsia X: report
June 30, 2013 (LBO) – AirAsia, a Malaysia based budget carrier, is planning to resume flights to Sri Lanka’s capital Colombo through its long-haul unit, a media report said.AirAsia is planning a joint venture with India’s TATA group.Earlier this month it ended a joint venture in Japan over differences with its partners taking back the […]
More Domains
SAN FRANCISCO, June 29, 2013 (AFP) – The agency in charge of website addresses passed a major milestone Friday on the path to broadening the world of domain names by the end of this year.The first new website address endings should be available in the final quarter of this year, according to Namazi. The revamped […]
British PM backs Taliban peace talks on Afghan visit
KABUL, June 29, 2013 (AFP) – British Prime Minister David Cameron made an unannounced visit to Afghanistan on Saturday, backing talks with the Taliban after his top general said the West missed a chance to strike a peace deal 10 years ago. “The attack that was organised near the presidential palace will not deter us […]
Sri Lanka man dies of heart attack after shocking electric bill
COLOMBO, June 29, 2013 (AFP) – A Sri Lankan man suffered a fatal heart attack after being presented with a shocking electricity bill, a media report said Saturday.The 61-year-old victim had protested at the Ceylon Electricity Board in Colombo Friday that his bill had suddenly spiked, the Ceylon Today newspaper said. It said the man […]
Cricket: Gayle steers West Indies to victory over Sri Lanka
KINGSTON, June 28, 2013 (AFP) – Chris Gayle notched his first one-day hundred against Sri Lanka as he led West Indies to a crushing six-wicket victory with more than 12 overs to spare in the opening match of the three-nation international series at Sabina Park on Friday.Replying to the visitors’ modest total of 208 all […]
‘s plans 10-year Rs3.0 deep discount debenture
June 28, 2013 (LBO) – Fitch Ratings has given an ‘AA-(lka)’ expected rating to a 3.0 billion rupee deep discount debenture to be sold by Sri Lanka’s Hatton National Bank. HNB expects to list the debentures subject to regulatory approvals.The final rating is contingent upon the receipt of final documentation conforming to information already received. […]
Sri Lanka stocks close up 0.1-pct, trading hit by technical glitch
June 28, 2013 (LBO) – Sri Lanka’s stocks closed up 0.16 percent on Friday, with diversified and consumer companies showing gains, brokers said in shortened trading day hit by technical glitches at the exchange. The benchmark Colombo All Share Index closed 09.65 points higher at 6,121.01 and the S&P SL 20 Index closed 05.26 points […]
Steady Rating
June 28, 2013 (LBO) – Sri Lanka’s People’s Bank’s exposures to the state and state enterprises has gone up in 2012, and the lender plans to cut exposure to gold backed loans, Fitch Ratings said confirming its ‘AA+(lka)’ rating. The lender which accounts for 20 percent of banking assets, 23 percent of loans and 19 […]