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Vietnam tourist arrivals up 15.9-pct to 5.3 million
HANOI, Dec (Asia Pulse) – Some 5.3 million foreign visitors came to Vietnam in the first 11 months of 2011, up 15.9 per cent year-on-year, and meeting the country’s tourism target, according to the Vietnam General Statistics Office. Tourism, including domestic, earned an estimated VND110 trillion (US$5.2 billion) or 4.5 per cent of the nation’s […]
Sri Lanka cricket body has Rs3bn hole in balance sheet
Dec 03, 2011 (LBO) – Sri Lanka Cricket, the islands’ governing board for the sport where state intervention has increased over the years, has a three billion rupee hole in its balance sheet, a parliamentary committee on state enterprises has found. A report by a committee on public enterprises (COPE) said SLC had 6. 1 […]
Sri Lanka stocks end down 0.9-pct
Dec 02, 2011 (LBO) – Sri Lankan stocks closed lower Friday, losing most of Thursday’s gains with some profit-taking seen, brokers said. Share prices have been gyrating in recent days as influential investors and stock brokers sought government intervention to prop up the market by forcing out regulators who probed insider dealing and fraud and […]
Sri Lanka among 2012 best tourist destinations: National Geographic
Dec 02, 2011 (LBO) – Sri Lanka has been among the best destinations to visit in 2012 National Geographic Traveler, by US-based magazine, which has focused on the island’s hill country. Sri Lanka’s tourist arrivals have been rising since the end of a 30-year war in 2009. “Nuwara Eliya is a colonial-era resort town in […]
Sri Lanka tea demand perks up after devaluation
Dec 02, 2011 (LBO) – Demand for Sri Lanka’s low grown teas, which make up the bulk of the crop, perked up at this week’s Colombo auctions after increased orders from key overseas buyers and the snap devaluation of the rupee, brokers said. “Despite Sri Lanka tea production in the month of October recording a […]
Fast Links
Dec 02, 2011 (LBO) – Sri Lankan celco Dialog Axiata is expanding its fibre optic coverage with plans to provide high-speed broadband connectivity to over 100 buildings in the capital Colombo, an official said. The high-speed fibre optic links enable video conferencing and telephony that would improve corporate business communications, he said. Mangala Hettiarachchi, the […]
‘s growth slips to 6.9-pct in 2Q
NEW DELHI, Dec 2 (AsiaPulse) – Confirming a slowdown, India’s economic growth rate slipped to 6.9 per cent in the second quarter this fiscal year, the lowest in nine quarters, prompting the government to lower its full-year growth projection to 7.3 per cent. Economic growth during the July-September period of 2011-12 fell mainly due to […]
Sri Lanka air force gets more Bell helicopters
Dec 02, 2011 (LBO) – Bell Helicopter, a Textron Inc. company said it has delivered two Bell 412 helicopters to the Sri Lanka Air Force at its facility in Piney Flats, Tennessee in the United States. The two new helicopters from Bell, which had previously supplied a fleet of transport helicopters to the air force […]
Sri Lanka built foreign reserves to use during tough times: CB Governor
De 02, 2011 (LBO) – Sri Lanka built up foreign reserves as a buffer to be used during tough times, Central Bank Governor Nivard Cabraal said, as reserves came off record highs seen in August 2011. “We have thought through carefully and built up are reserves carefully in order to ensure that we are able […]
Sri Lanka US$750mn sea reclamation to China Harbour
Dec 02, 2011 (LBO) – Sri Lanka is in talks with China Harbour Engineering Company (CHEC) to reclaim 500 acres from the sea next to Colombo Port for a 750 million dollar project, an official said. Sri Lanka has said five acres of land in Colombo’s Galle Face beachfront, which is near the port, will […]
Sri Lanka state port agency to sell $500mn bond
Dec 01, 2011 (LBO) – State-run Sri Lanka Ports Authority will sell a 500 million dollar bond to settle loans from Japan which are causing losses due to the appreciation of the yen, an official said. He said SLPA had taken yen loans to the value of 46 billion rupees from mid 1980s, repaid a […]
Sri Lanka stocks end up 0.9-pct
Dec 01, 2011 (LBO) – Sri Lankan stocks closed higher Thursday with turnover pushed up by a bank deal amid news that the chairperson of the regulatory body was quitting just weeks after powerful investors forced out its director general. The main All Share Price Index rose 0.94 percent (57.27 points) to 6,144.67, while the […]