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Dilshan stars as Sri Lanka lead Aussies
September 18, 2011 (AFP) – Skipper Tillakaratne Dilshan inspired Sri Lanka’s tenacious batting display as the hosts took charge of the third cricket Test against Australia in Colombo on Sunday. Sri Lanka, seeking a series-levelling win, closed the third day’s play at the Sinhalese Sports Club on 428-6 in their first innings, a lead of […]
‘s 316
September 17, 2011 (AFP) – Kumar Sangakkara hit an unbeaten 61 in his 100th Test as Sri Lanka responded bravely to Australia’s 316 in the third and final game of the series in Colombo on Saturday. Sri Lanka, seeking a series-levelling win, closed the second day at 166-2 in their first innings after a batting […]
‘s Fortress Resort wins luxury hotel award
Sept 17, 2011 (LBO) – Sri Lanka’s Fortress Resort and Spa, has won the award fore the best coastal luxury hotel at a global travel awards, signalling the island’s emerging position in the luxury end of the market, an official said. Fortress is in Galle in Sri Lanka’s southern coast, and follows Dutch architecture. Sri […]
Film View
Sept 17, 2011 (LBO) – A shopping and entertainment complex that Sri Lanka’s Cargills plans to build in the former northern war zone of Jaffna will have three cinemas with seating for a total of 1,200 people. Cargills, which also has interests in food processing, is expanding aggressively, buying a brewer and having just got […]
Sri Lanka warned against giving elephant to Philippines
September 16, 2011 (AFP) – An international animal rights group warned Sri Lanka Friday against giving the Philippines a baby elephant, saying the creature would face a “lifetime of confinement, boredom and abuse”. The Asian unit of US-based People for the Ethical Treatment of Animals (PETA) wrote to Sri Lanka’s Prime Minister D. M. Jayaratne […]
Sri Lanka gets new Treasuries dealer
Sept 16, 2011 (LBO) – Sri Lanka’s central bank said it had appointed Wealth Trust Securities Limited as a primary dealer for government securities. The firm’s chief execuitve is Dammika Ranawana who had two decades of experience in fixed income securties markets in Sri Lanka. The firm is promoted by Sri Lanka based Finco Holdings […]
Sri Lanka forex interventions to ease, inflows expected: CB Governor
Sept 16, 2011 (LBO) – Sri Lanka’s recent interventions in forex markets which were partly triggered by payments for oil will ease in the future, helped by higher expected inflows, Central Bank Governor Nivard Cabraal said. “Now the interventions are much less,” Cabraal said. “Even going forward, our estimates are that it will be limited. […]
Sri Lanka stocks end up 0.29-pct
Sep 16, 2011 (LBO) – Sri Lankan stocks recovered Friday ending a week-long fall with continued trading in shares that had drawn the interest of speculators, brokers said. The main All Share Price Index rose 0.29 percent (19.99 points) to 6,870.92, while the more liquid Milanka index rose 0.50 percent (30.75 points) to close at […]
India hikes interest rates by 25 basis points
MUMBAI, September 16, 2011 (AFP) – India’s central bank on Friday raised interest rates for the 12th time in 18 months to combat near double-digit inflation, despite signs of slowing economic growth. The Reserve Bank of India (RBI) raised its repo rate, at which it lends to commercial banks, by a quarter percentage point to […]
Sri Lanka policy rates steady, credit expected to slow: Central Bank
Sept 16, 2011 (LBO) – Sri Lanka has kept policy rates steady at 7. 00 percent to deposit excess reserves and 8. 50 percent to inject cash as rupee liquidity in monetary markets declined, expecting credit growth and forex interventions to ease in the future. The Central Bank said broad money grew 20. 7 percent […]
Sri Lanka to resume cash auctions in money markets: CB Governor
Sept 15, 2011 (LBO) – Sri Lanka’s central bank is ready to start daily cash auctions in money markets Governor Nivard Cabraal said, as dollar sales to maintain a currency peg rapidly sucked rupees out of the banking system. “If liquidity is low and we do not have excess liquidity, we will resume daily auctions,” […]
Sri Lanka stocks end down 0.7-pct
Sep 15, 2011 (LBO) – Sri Lankan stocks slumped again Thursday with turnover falling further amid continued trading in shares that had drawn speculative, brokers said. The main All Share Price Index fell 0.65 percent (44.68 points) to 6,850.93, while the more liquid Milanka index fell 0. 79 percent (49.16 points) to close at 6,178.49, […]