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India win Sri Lanka tri-series after Tendulkar ton
September 14, 2009 (AFP) – Sachin Tendulkar hit his 44th one-day century to lead India to a 46-run win over Sri Lanka in the final of the limited-overs tri-series here on Monday.Tendulkar, the world’s leading Test and one-day scorer, made 138 off 133 balls as India piled up 319-5 after batting first in the day-night […]
Sri Lanka demands EU trade concessions without rights probe
September 15, 2009 (AFP) – Sri Lanka will not submit to an investigation into its rights record to qualify for extended trade concessions from the European Union, a government minister said Tuesday.The deputy minister of state revenue, finance and planning, Ranjith Siyambalapitiya, said Colombo wanted an extension of the EU generalised system of preferences (GSP […]
‘s level in August: Treasury official
Sept 15, 2009 (LBO) – Sri Lanka’s state revenues for August had reached last year’s level in line with a recovery in import trade and domestic economic activities, and is expected to show a positive growth in this month, an official said. “In August we have reached break-even level and we are expecting revenues will […]
Sri Lankan 2009-end inflation to be 6.0-pct: Statistics office
Sept 15, 2009 (LBO) – Sri Lanka’s year-end consumer inflation measured by a revised Colombo Consumer Price Index is estimated to be 6.0 percent by December, and seasonally adjusted number even lower, the government’s statistics office said. The United States has reported a negative 2.1 percent inflation for July and hard pegged Hong Kong, which […]
Sri Lanka sells US41mn 3-year bonds
Sept 14, 2009 (LBO) – Sri Lanka has sold 41 million US dollars of 3-year dollar denominated bonds rolling over 35 million US dollars of maturing 2-year debt, the government’s debt office said.The dollar bonds are aimed at domestic investors including banks who are eligible to hold dollar assets. The bonds, labeled Sri Lanka Development […]
Sri Lanka shares hit new high, seen over-valued
Sep 14, 2009 (LBO) – Sri Lankan shares hit a 30-month high Monday as bullish investor’s placed bets on financial and healthcare sector stocks, brokers said.The benchmark Colombo All Share Price Index (ASPI) closed up 0.77 percent (21.92 points) to end at 2,862.25, while the Milanka index of liquid stocks gained 0.49 percent (15.66 points) […]
Sri Lanka tea wage deal to cost industry Rs6bn extra
Sept 14, 2009 (LBO) – Sri Lanka’s plantations industry will face about six billion rupees in extra costs owing to a deal with labour unions that ended a dispute over a wage hike that had disrupted tea supplies from hill-country estates, a senior official said. Regional plantations companies (RPCs) are to sign a deal today […]
Sri Lanka tea wage crisis over, Rs6bn extra cost
Sept 14, 2009 (LBO) – A dispute over a wage hike that disrupted tea supplies from Sri Lankan plantations had ended with labour unions agreeing to a deal which will cost the industry about six billion rupees a year, a senior official said. Regional plantations companies (RPCs) and labour unions are to sign a deal […]
Mobile Bid
Sept 14, 2009 (LBO) – Emirates Telecommunications Corporation or Etisalat has confirmed it has bid for the celco Tigo, the Sri Lankan unit of Luxembourg-based telecom operator Millicom. The UAE telecom giant made the announcement in a filing with the Abu Dhabi Securities Exchange. Millicom International Cellular is selling its assets in Sri Lanka, Laos […]
Cambodia joins rubber association
PHNOM PENH, September 14, 2009 (AFP) – Cambodia has joined the Association of Natural Rubber Producing Countries in the hope of further developing the nation’s rubber industry, a government official said Monday.Ly Phalla, director-general of Cambodia’s directorate of rubber, said the ascension to the inter-governmental organisation will bring its burgeoning industry new technology and help […]
SriLankan Airlines goes direct from Milan to Colombo
Sept 14, 2009 (LBO) – SriLankan Airlines said it will launch a new twice-weekly direct service from Milan to Colombo on December 16 to attract more Italian tourists into the island.The flight will also help serve the sizable Sri Lankan community in northern Italy, the state-owned airline said in a statement.SriLankan briefly served Milan in […]
Sri Lanka GDP expands 2.1-pct in second quarter
Sept 14, 2009 (LBO) – Sri Lanka’s economy expanded 2.1 percent in the second quarter of 2009 from 7.0 percent a year earlier, but was up from the 1.5 percent growth in the first quarter, the government’s statistics office said. Agriculture Agriculture grew 4.4 percent despite an 11.7 percent reversal in tea which was hit […]