Category:
Sri Lankan firms allowed to borrow abroad
Apr 07, 2011 (LBO) – Sri Lanka’s central bank has begun allowing companies to borrow abroad, calling for applications from firms for loans up to 20 million US dollars. Sole proprietorships include those in consultancy services, handicrafts, advertising, publishing, sports services, fashion and film, and entertainment industry. Companies can borrow for working capital, investment, restructuring […]
Sri Lanka shares closer higher
Apr 07, 2011 (LBO) – Sri Lankan shares closed higher Thursday with some interest in the banking and finance sector although total trading volumes were lower than uual, brokers said. The All Share Price Index closed at 7,378.73, up 0.26 percent (18.83 points) while the more liquid Milanka index rose 0. 18 percent (12.90 points) […]
Safe Land
Apr 07, 2011 (LBO) – Australia has given 480 million rupees to clear land mines from Sri Lanka’s war torn north and speed up the re-settlement of displaced people and farming, the Australian embassy in Colombo said. Though demining in progressing fast, about 506 square kilometres remain to be cleared. Australia had already given 1.4 […]
Tax Banditry
Apr 07, 2010 (LBO) – Sri Lanka’s people are paying tens of billions of rupees to give state jobs to unemployable graduates from state universities where they have also studied at public cost, an official said. Sri Lanka has about 400,000 sitting for university qualifications exams and each year about 20,000 enter universities, and some […]
Gurkhas in first wave of British military job cuts
LONDON, April 7, 2011 (AFP) – Debt-laden Britain said Monday that 2,600 troops would lose their jobs in a first wave of redundancies forced by defence cuts, with 150 Nepalese Gurkha troops among the first to go. The Ministry of Defence (MoD) said that 1,000 soldiers and 1,600 Royal Navy personnel would be laid off. […]
Sri Lanka, UK flights to increase
Apr 07, 2011 (LBO) – Sri Lanka is to sign an air services agreement with the United Kingdom enabling increased flights between the two countries, a government statement said. The air services agreement would enable the frequency entitlement to be increased to 21 flights a week from 14 today between the two countries. The increased […]
Sri Lanka cricket needs clean-up: Bayliss
April 7, 2011 (AFP) – Sri Lanka’s outgoing coach Trevor Bayliss on Thursday said the country needed a strong and stable cricket administration to allow players to focus only on the game and not be distracted by politics. “On the field, we’ve done pretty well for past 18 months,” Bayliss said in an interview with […]
Sri Lanka gets Stuart Law as new coach
April 6, 2011 (AFP) – Sri Lanka Cricket on Wednesday promoted assistant coach and former Australian batsman Stuart Law to guide the national team ahead of next month’s tour of England. “He will be the new interim coach,” a spokesman for Sri Lanka Cricket, the governing body of the sport in the island, said. Law […]
‘s Muralitharan clears British visa hurdle
April 6, 2011 (AFP) – Sri Lanka’s legendary spinner Muttiah Muralitharan, who was worried about Britain’s new visa regulations, has secured a work permit to play county cricket, his manager said Wednesday. Kushil Gunasekera said the British authorities had expedited his visa as he had to leave for India on Wednesday to play in the […]
Sri Lanka court grants bail for detained editor
April 7, 2011 (AFP) – The editor of a pro-opposition Sri Lankan news website was released on bail Thursday, a week after his arrest sparked protests from international media rights groups. Bennet Rupasinghe had been taken into police custody on charges of allegedly threatening a suspect wanted for a January arson attack on the offices […]
Sri Lanka to get $300mn a year for infrastructure from ADB
Apr 07, 2011 (LBO) – The Asian Development Bank would finance Sri Lanka with about 300 million dollars annually over the next few years, with roads, water supply and sanitation getting attention, officials said. In the past three years Sri Lanka had got nearly a billion dollars of Asia Development Financing, with a peak of […]
Sri Lanka Treasuries yields flat
Apr 06, 2011 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction with six billion rupees of maturing bills being sold to real buyers, the government’s debt office said. The 3-month yield was 6.99, up one basis point, with 2,560 million rupees in bills being sold and the 6-month yield rose one […]