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Sri Lanka recall Kulasekera, Perera for first Test
June 19, 2012 (LBO) – Sri Lanka Cricket have recalled fast bowler Nuwan Kulasekera for the first Test against Pakistan that begins on Friday, a statement said. Selectors led by Asantha de Mel also picked allrounder Jeevan Mendis, left-arm fast bowler Chanaka Welegedara and bowler Nuwan Pradeep for the 15-man squad, Sri Lanka Cricket said […]
Sri Lanka hosts India for one-day, Twenty20 cricket series in July
June 19, 2012 (LBO) – Sri Lanka will host neighbouring India for a one-day series and a Twenty20 cricket match from July, the island’s governing body said. The teams will play five one-day games across in Hambantota, Colombo and Pallekelle. The sole T20 game will be played at Pallekele, Sri Lanka Cricket said Tuesday. The […]
Sri Lankans are charitable, but within reason
June 19, 2012 (LBO) – Sri Lankans give generously to help the poor, the needy, the religious and their old schools, but fight shy on giving to civil society organisations, a preliminary study showed. However, the long-term potential of these practices – and where they may lead – remains an open question, the researchers noted. […]
” rating confirmed
June 18, 2012 (LBO) – Sri Lanka’s Fitch Ratings has confirmed state-run National Savings Bank’s ‘AAA(lka)’ rating with a stable outlook based on continued state support for the bank and keeping to its mandate. “The rating action follows the halting and subsequent reversal of, a transaction by NSB to acquire shares in The Finance Company […]
Sri Lanka shares up 0.13 percent
June 18, 2012 (LBO) – Sri Lankan share prices nudged up 6.89 points, after falling some 51 points during intra-day trade, despite buying interest in selected stocks, brokers said. New entrant, Ramboda Falls, rose 14.10 rupees to 24.10 rupees on trades of 706,888 shares, on speculative buying interest, brokers said. Lanka Hospitals, gained 1.10 rupees […]
Top Bank
June 18, 2012 (LBO) – Sri Lanka’s state-run Bank of Ceylon, the island’s largest commercial bank has topped a trillion rupees (7. 6 billion US dollars) in assets by the end of May 2012, officials said. Chairman Gamini Wickramasinghe said a target for one trillion in assets and ten billion rupees in profits was set […]
Singlish Award
June 18, 2012 (LBO) – A British national living in Sri Lanka who is a part-time teacher and writer has been honored by Queen Elizabeth for his work on ‘Sri Lankan English’ which has its own peculiarities. He is now working on a trilingual learners’ dictionary of colloquial Sinhala, English and Tamil. Michael Meyler has […]
Is Sri Lanka subsidizing cancer with diesel?
June 18, 2012 (LBO) – Health is not a topic that is routinely covered in this column. I am not writing about health per se, but about subsidies that harm health. Petroleum industries minister Anura Yapa said the agency is also collecting arrears from state agencies including Ceylon Electricity Board, SriLankan Airlines and had started […]
Sri Lanka economy grows 7.9% in first quarter: statistics office
June 18, 2012 (LBO) – Sri Lanka’s economy expanded by a slower 7.9 percent during the first quarter of this year, from the same period a year earlier, dragged down by a fall in farm output, the national statistics office said. The Indian Ocean Island’s economy has quickened at a rapid pace since Sri Lanka’s […]
Sri Lanka warned to be careful about forex swaps by IMF
June 18, 2012 (LBO) – Sri Lanka should be careful about the inflationary effects of liquidity created by large foreign exchange swaps with the Central Bank, an International Monetary Fund official said. Analysts have warned that liquidity created by all central bank purchases for foreign exchange – including outright purchases – would flow out through […]
‘s Centara with two hotels
June 17, 2012 (LBO) – Thailand’s Centara Hotels and Resorts will open two 4-star hotels in Sri Lanka in the last quarter of 2012 which will be under their management in the island’s South West and East coasts. “These two superb hotels mark our debut in Sri Lanka, a market that we feel holds great […]
Sri Lankans suffering due to wrong policy: legislator
June 17, 2012 (LBO) – Sri Lankans are suffering due to wrong economic policy actions especially those involving state interventions in markets that are backfiring, a legislator who has earlier raised red flags about the balance of payments has said. Harsha de Silva, an economist who represents Sri Lanka’s main opposition United National Party said […]