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‘s acquires Amba
Dec 11, 2013 (LBO) – US-based Moody’s Corporation said it had acquired Amba Investment Services, a securities research outsourcing firm that has operations in Sri Lanka, India and Costa Rica.Amba is expected to bring revenues of 39 million US dollars in 2013.It will operate as part of Copal Partners a unit of Moody’s Analytics. “Amba […]
G8 ministers meet on dementia time-bomb
LONDON, December 11, 2013 (AFP) – Health ministers from the G8 nations were meeting in London on Wednesday to tackle what experts warn is a dementia time-bomb, with cases set to soar as the world’s population ages.Ministers from the Group of Eight wealthy nations’ were gathered with health experts and charities for the first ever […]
Sri Lanka Central Finance raises Rs2.0bn in debt
Dec 10, 2013 (LBO) – Sri Lanka’s Central Finance Plc, a registered finance company has received more than 2.0 billion rupees of orders for its listed debt issue. Central Finance offered 20 million 100 rupee secured redeemable debentures.Managers to the sale, NDB Investment Bank said the issue was oversubscribed shortly after opening and will close […]
Sri Lanka tourist earnings up 26-pct to October
Dec 10, 2013 (LBO) – Sri Lanka has earned 996.2 million US dollars from tourism services in the ten months to October 2013, up 26 percent from a year earlier, data released by the Central Bank showed. The average stay has moved up 10.5 nights from 10 a year earlier, he said. Tourism arrivals rose […]
‘s top carrier
WASHINGTON, 2013 (AFP) – American Airlines emerged as the world’s largest airline Monday, combining with US Airways after a hard-fought battle to overcome US competition concerns.The billion merger was first announced in February, but was held up by an antitrust lawsuit from the US government and backed by several states, worried about the combined airline’s […]
BOI investor services unit at new location
Dec 10, 2013 (LBO) – Sri Lanka’s Board of Investment said its investor service department had been shifted to the 6th floor of Colombo’s World Trade Centre building.The new office was opened by investment promotion minister Lakshman Abeywardene on Tuesday.The department has a staff of over 100 facilitating nearly 1,000 BOI approved firms with processing […]
Sri Lanka stocks close higher
Dec 09, 2013 (LBO) – Sri Lanka stocks end greener Monday with index heavy stocks gaining amid a broad sell-off in the overall market in thin trade, brokers said. Turnover was 332.30 million rupees, down from 779.81 million rupees last Friday, with stocks of 87 firms closing in the red against 79 gainers. The Colombo […]
Commissioned
Dec 09, 2013 (LBO) – Sri Lanka’s Hemas group said it had commissioned an inland container terminal that can store and service 3,000 twenty foot containers.The firm is planning to provide warehousing services in the future. “With the national intent to make Sri Lanka as a transportation hub, this is a one of many steps […]
Nationalism
Dec 09, 2013 (LBO) I feel being honoured by the invitation by the PIM Alumni Association to deliver the Professor Sudatta Ranasinghe Memorial Oration 2013 which is the first in its series.I specifically consider it as a privilege that I have got to do the honours for my long-standing friend for more than four and […]
Air pollution in Europe kills even at guideline levels
PARIS, December 9, 2013 (AFP) – Europeans with long-term exposure to particulate pollution from road traffic or industry run a higher risk of premature death, even if air quality meets EU standards, a study said on Monday.Published in The Lancet, the paper pointed the finger at fine particles of soot and dust, emissions of which […]