Category:
‘s second Shangri-La project in Hambantota
Jan 29, 2010 – (LBO) – Sri Lanka’s second hotel project by Hong Kong based Shangri-La group will be built in Hambantota in the south of the island, an official of the island’s investment promotion agency said. Board of Investment (BOI) director Duminda Ariyasinghe said the hotel will be built on private land which the […]
Court Action
WASHINGTON, January 29, 2011 (AFP) – Members of Sri Lanka’s Tamil minority on Friday filed a lawsuit in the United States against the island’s president, seeking million in damages over alleged extrajudicial killings. Activists from the Tamil diaspora spearheaded legal action after President Mahinda Rajapakse quietly traveled to the United States, in a test of […]
Sri Lanka lose $125,000 on Windies series
January 29, 2011 (AFP) – Sri Lanka Cricket on Saturday said it had lost $125,000 after bad weather forced a one-day series against the visiting West Indies to be rescheduled. The series was due to be played in December but has been postponed to this month and early February, and reduced from five matches to […]
Sri Lanka stocks close 0.2-pct lower
Jan 28, 2011(LBO) – Sri Lankan stocks closed down 0l2 percent Friday with index heavy stocks and the banks losing ground, brokers said. Hatton National Bank closed at 392.10, down 0.90 cents. Poultry stocks recovered some losses. Bairaha Farms closed 481.20, up 3.30 rupees while Grain Elevators closed 197.00, up14.60 rupees with over a million […]
New Cranes
Jan 28, 2011 (LBO) – Sri Lanka’s state run container terminal in Colombo port will get three gantry cranes and six transfer cranes from China in February which will be up and running by March, an official said. Sri Lanka Ports Authority chairman Priyath Bandu Wickrema said a team from the port is now in […]
Stock Carrots
Jan 28, 2011 (LBO) – Sri Lanka’s Sampath Bank said it intended to give stock options of up to three million shares to employees as a performance incentive if the bank reaches as yet undisclosed performance for 2011. The shares issued under the option plan would be 2.0 percent of the existing shares and will […]
Finance Capital
Jan 28, 2011 (LBO) – Sri Lanka’s listed The Finance Company, which is in a restructuring drive under regulatory supervision said it had raised 1. 6 billion from a share sale which had been oversubscribed. The Finance Company, earlier managed by the Ceylinco group offered 40 million shares at 40 rupees to raise capital. Depositors […]
Sri Lanka Navy to begin whale watching tours
Jan 28, 2011 (LBO) – The Sri Lanka Navy has ventured into wild life tourism by offering whale watching tours to the public off the island’s southern tip of Galle starting next month. The Navy is to deploy the fast passenger vessel (FPV) 503 previously used to transport service personnel and civilians between the eastern […]
Truck People
Jan 28, 2011 (LBO) – Four Sri Lankans are among 219 migrants discovered by authorities squeezed into a truck in northern Mexico who were hoping to enter the United States, a media report said. The Washington Post newspaper said most of the migrants were from Central America but six were from Sri Lanka and four […]
Video Call
Jan 28, 2011 (LBO) – Sri Lanka’s Microsoft say a new product, Lync 2010, that offers audio, video and web conferencing will help companies cut cost by reducing travel and communication costs. The software is a single platform that integrates instant messaging, presence, audio, video and web conferencing to bring people together in the ways […]
Divisions over Sri Lanka book festival boycott call
GALLE, January 28, 2011 (AFP) – Does it make sense to defend freedom of speech by calling on writers not to speak at a literary festival? South African novelist Damon Galgut pulled out explicitly because of the campaign, while Turkish Nobel laureate Orhan Pamuk and fellow writer Kiran Desai withdrew last week for reasons which […]
Sri Lanka stocks close 0.4-pct lower
Jan 27, 2011(LBO) – Sri Lankan stocks closed down Thursday with poultry stocks running out of steam, while price banks also kept plantation stocks in check, brokers said. The All Share Price Index closed at 7,211.11, down 0.42 percent (-30.76 points) while the Milanka Price Index of more liquid stocks closed at 7,195.82, down 0.35 […]