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Australia win Sri Lanka one-day series
August 20, 2011 (AFP) – Xavier Doherty and Brett Lee took four wickets apiece as Australia defeated Sri Lanka by five wickets in the fourth one-dayer on Saturday to gain an unbeatable 3-1 lead in the five-match series. Marsh, playing his first match of the series, hit one six and 11 fours in his impressive […]
Sri Lanka land sales should be transparent: lawmaker
Aug 20, 2011 (LBO) – Sri Lanka’s state land sales to private developers must be transparent and all available land must be listed online to boost investor confidence, instead being sold through unsolicited deals, a lawmaker has said. Sri Lanka main opposition United National Party member Harsha de Silva says such deals will harm overall […]
Sri Lanka stocks down 01-pct
Aug 19, 2011 (LBO) – Sri Lanka stocks closed one percent lower down Friday with speculation on a few stocks dominating trading, brokers and analysts said. Lake House Printers & Publishers was the day’s top and its share closed at 160 rupees up 20.52 percent or 27.70 rupees. Renewed interest was seen in Serendib Hotels, […]
‘s Centara
Aug 19, 2011 (LBO) – Thailand’s Centara leisure group will manage a hotel in Sri Lanka’s Southwestern coast which will have 160 rooms when it is expanded and refurbished next year, an official said. Softlogic has also signed up Swiss-based Movenpick Hotels and Resorts to manage a city hotel it is building in a plush […]
Sri Lanka, US military host Asia military airlift exercise
Aug 11, 2011 (LBO) – Sri Lanka and the United States will co-host a regional military airlift exercise in the island from August 22 to 26 to strengthen disaster relief co-ordination between the US and Asia. Pacific Airlift Rally (PAR) is a biennial, military airlift symposium sponsored by US Pacific Air Forces (PACAF) for states […]
Sri Lanka to build larger wind farms
Aug 19, 2011 (LBO) – Sri Lanka’s renewable energy agency is setting up ‘wind energy parks’ to allow investors to build larger plants on a negotiated tariff moving beyond the current pre-set tariff for 10MegaWatt plants. The first such park will be set up in Mannar in northeastern Sri Lanka information minister Keheliya Rambukwella said. […]
Sri Lanka credit expands faster than expected, policy rates steady
Aug 19, 2011 (LBO) – Sri Lanka’s policy interests rates are held steady at 7. 00 percent to deposit excess money and 8.50 percent to inject fresh money, though credit growth was higher than expected at 34. 4 percent in July, the central bank said. Credit disbursed to the private sector increased by 34.4 per […]
Sri Lanka first half foreign direct investment US$413mn: Central Bank
Aug 19, 2011 (LBO) – Sri Lanka’s foreign direct investment for the first half of 2011 reached 413 million US dollars putting the country on track for a full year goal of a billion dollars, the Central Bank said. Foreign reserves had reached an all time high of 8,158 million US dollars by August 16. […]
Sri Lanka targets deficit of 6.2-pct in 2012
Aug 19, 2011 (LBO) – Sri Lanka will budget for a deficit of 6. 2 percent of gross domestic product in 2011 down from a planned gap of 6.8 percent in 2010, information minister Keheliya Rambukwelle said. The government will keep state investments at 6. 0 percent of GDP. The state is planning to bring […]
” rating
Aug 18, 2011 (LBO) – Sri Lanka’s John Keells Holding’s ‘AAA(lka)’ rating with a stable outlook was confirmed by Fitch Ratings which said the its gearing at holding company was low and dividends from operating units were strong. JKH’s record in funding acquisitions and expansion with a combination of pre-issued equity and retained profits helped […]
Sri Lanka stocks up 0.2-pct, speculative trading rise
Aug 18, 2011 (LBO) – Sri Lanka stocks closed flat Thursday with an active retail and high net worth investor participation and more speculative trading, brokers and analysts said. Colombo’s benchmark All Share Price Index closed up 16.74 points or 0.24 percent at 7,030.85 while the Milanka Index of liquid stocks closed down 0.42 percent […]
Sri Lanka tourism body to have industry participation
Aug 18, 2011 (LBO) – Sri Lanka will set up a single tourism authority with industry participation as the apex body to set policy and regulate the sector, minister Keheliya Rambukwelle said. The minister may also appoint two others who are experts in marketing, law, finance or related profession. “The idea is have the government […]