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Sri Lanka mulls scrapping cricket T20 league
July 17, 2013 (AFP) – Sri Lanka’s cricket authorities will decide later Wednesday whether to scrap their Twenty20 league after all franchise holders defaulted on payments for the tournament, officials said.He said the franchise holders had also failed to come up with bank guarantees to underwrite match fees for players.Sri Lanka played its inaugural Twenty20 […]
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WASHINGTON, July 17, 2013 (AFP) – US Federal Reserve Chairman Ben Bernanke reiterated Wednesday that the Fed stimulus could be wound up next year if economic growth remains steady as forecast.The surge in rates, economists worry, could itself slow the recovery by slowing demand in the recovering housing sector, which has become a key contributor […]
Sri Lanka bets on high-end casinos to boost economy
COLOMBO, July 17, 2013 (AFP) – Multi-million-dollar casinos planned for Colombo have boosted Sri Lanka’s ambitious hopes of becoming Asia’s new gambling hotspot, but the projects still face political and religious opposition. “In the alcohol and tobacco industries, we have a good idea of how much is produced, what the sales are and more importantly […]
Sri Lanka stocks down 0.1-pct, rupee weaker
July 16, 2013 (LBO) – Sri Lanka’s stocks closed down 0.13 percent on Tuesday with large cap stocks making losses and the rupee weakened in forex markets, brokers and dealers said. Nestle Lanka closed at 1,930.00 up 11.90 rupees and Aitken Spence closed at 125.00 rupees down 1.00 rupees. The benchmark Colombo All Share Index […]
Higher Gear
July 16, 2013 (LBO) – Sri Lanka’s re-conditioned or imported used automobile registrations hit a 19 month high in June 2012 with Japanese made Toyota and Honda brands in pole position, an analysis by an equities research house shows.Imported used vehicles rose to 1,327 in June 2013, the highest since 1,205 hit in June 2011 […]
Sri Lanka tea promoted at US food fair
July 16, 2013 (LBO) – Sri Lanka’s ‘Ceylon Tea’ has been showcased at a specialty food fair in the in the US city of New York, the island’s embassy said. Representatives of the US tea trade, officials from the US Tea Council and media had attended a networking dinner on July 01. On July 02, […]
Halted
COLOMBO, July 15, 2013 (AFP) – Sri Lanka has halted a French cultural festival after it screened an internationally-acclaimed local film that the military considered insulting, authorities said Monday.The French Film Festival in Colombo was abruptly stopped by the management of the state-owned venue after the movie — set during Sri Lanka’s ethnic war — […]
Mobile Drive
July 16, 2013 (LBO) – Sri Lanka’s car owners will be able to renew and pay for annual revenue licenses through their mobile phones, an official said as part of efforts to boost government service delivery, officials said. Sri Lanka’s Information and Communication Technology Agency (ICTA) said car owners in the Western Province would be […]
Sri Lankans arrested in UK for working
July 16, 2013 (LBO) – Two Sri Lankans were arrested by the immigration authorities for overstaying visas and working in Blackpool, England, the UK High Commission in Colombo said.The statement said the proposals are part of the UK’s action against unauthorized migrants to live and work in the UK and to take tough action against […]
Sri Lanka stocks down 0.2-pct
July 15, 2013 (LBO) – Sri Lanka’s stocks closed down 0.22 percent Monday with large cap stocks making losses, brokers said. Nestle Lanka closed at 1,918.10 down 12.90 rupees and Aitken Spence closed at 126.00 rupees down 10 cents. The benchmark Colombo All Share Index closed 13.54 points lower at 6,015.20 down 0.22 percent and […]
Policy Training
July 15, 2013 (LBO) – Sri Lanka™s Postgraduate Institute of Management (PIM), provider of management education said it will conduct a short course on public policy for business leaders, academics, researchers and government officials. The closing date for registration is July 15 and the program has openings for only 40 participants, who will be accommodated […]
In US, struggle against snake-head ends on plates
MARBURY, July 15, 2013 (AFP) – The snakehead is an invasive species of fish from Asia that is threatening the delicate ecosystem of the Potomac River that flows through Washington into the Atlantic Ocean.“It was delicious,” he said. “Very flaky, and it did not have any kind of unusual taste.I had it fried and broiled; […]