Tag: news
Sri Lanka state, SOE, bank borrowings top Rs100bn in March
May 26, 2013 (LBO) – Bank credit to Sri Lanka’s state enterprises and central government surged to 100.6 billion rupees in March 2013 from 36.7 billion a month earlier, official data shows, perhaps the highest ever in a single month.But the broader public sector deficit with loss making energy enterprises was 8.6 percent of GDP […]
Sri Lanka monk fights for life after immolation bid
May 25, 2013 (AFP) – A Sri Lankan monk was fighting for his life Saturday, a day after setting himself on fire to protest the slaughter of cattle, an official said. Bowatte Indaratna, 30, was flown to the main National Hospital in Colombo from the pilgrim town of Kandy where he doused himself with gasoline […]
Sri Lanka monk attempts to self-immolate: police
May 24, 2013 (AFP) – A Sri Lankan monk set himself on fire on Friday to protest the slaughter of cattle, in the country’s first attempt at self-immolation by a monk, police said.More than 110 Tibetans have set themselves alight since 2009, with most dying of their injuries, in demonstrations against what they view as […]
Sri Lankans arrested over human smuggling in Britain, France: Europol
THE HAGUE, 2013 (AFP) – Europol on Wednesday said 18 people, mostly Sri Lankans, were arrested in joint police raids in Britain and France on suspicion of being part of a human trafficking ring that smuggled South Asian immigrants into Britain. “During the joint operation, 11 suspects were arrested in the UK and seven in […]
Sri Lanka economic forum to discuss “re-balancing”: Ceylon Chamber
May 24, 2013 (LBO) – An economic policy forum in July aims to focus attention on critical areas of the economy that need more attention of policy makers, Sri Lanka’s Ceylon Chamber said.There had already been a focus on infrastructure development, north-east reconstruction, development of the less developed regions, and priority on agriculture and food […]
Sri Lanka will not buy new limos for CHOGM: minister
May 23, 2013 (LBO) – Sri Lanka will not buy new limousines for the Commonwealth summit in Colombo and instead visiting heads of government will travel in cars taken on loan from ministries and departments, cabinet spokesman Anura Yapa said today.The minister denied reports that the government planned to import a dozen brand-new Rolls Royce […]
Sri Lanka should have more strikes to boost attendance: minister
May 23, 2013 (LBO) – Sri Lanka’s opposition parties should call more general strikes to improve attendance among state workers, a government minister said following a failed strike over an electricity price hike.Also in Sri Lanka budget deficits bordering 20 percent of gross domestic product, partly financed with central bank credit (printed money) had driven […]
Oil prices falls on hopes that US Fed will end excessive money printing
SINGAPORE, May 23, 2013 (AFP) – Oil extended its losses in Asian trade on Thursday on a stronger dollar after the US Federal Reserve hinted that it could ease its massive stimulus policy soon, analysts said. “The reality is that US crude inventory remains high, indicating weak demand as the driving season approaches,” said Spooner. […]
Crude Plan
May 23, 2013 (LBO) – Sri Lanka will re-start its 50,000 barrels per day refinery on May 24, after getting a stock of Omani light crude, petroleum minister Anura Yapa said. Yapa said the shipper had said they were having engine troubled and could not deliver the stock in time. The refinery hit by US […]
Sri Lanka in deal for US$580mn from China Development Bank
May 22, 2013 (LBO) – Sri Lanka has signed a deal with China Development Bank to borrow 580 million US dollars in 2013 for projects in 2013, the state information office said.The cabinet of ministers had approved a proposal by President Mahinda Rajapaksa as finance minister to sign a memorandum of understanding with CDB. CDB […]
Sri Lanka conglomerates are investment brands
May 21, 2013 (LBO) – Sri Lankan conglomerates that had attracted strong foreign investor interest had built resilient investment brands, top executives involved in managing multi-national companies said.Punters in international markets also react like consumers do to brand, as conglomerates which are not easy hermes bags analyze, Lalith de Mel, chairman Hemas Plc and former […]
Sri Lanka branding forum kicks off in Colombo
May 21, 2013 (LBO) – A high level conference on building resilient brands kicked off in Colombo Wednesday featuring high level speakers and panelists from Sri Lanka and abroad. http://www.lankabusinessonline.com/summit/hangout Facebook page: https://www.facebook.com/pages/LBR-LBO/161852393984690 Event rundown IST: 0900 1045 HRS GMT/UTC: 0330-0515 HRS Resilient Brands, Resilient Enterprises Peter D’Almeida, Managing Director/N*able (session Char) Deshamanya J. C. […]