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‘s TATA
Oct 19, 2012 (LBO) – Sri Lanka’s Urban Development Agency will give land on a 99-year lease to India’s Tata Housing Development Company Ltd as part of efforts to re-develop the island’s capital, minister Keheliya Rambukwelle said. The cabinet of ministers had approved the proposal to give around eight acres of land in Colombo’s Slave […]
Sri Lanka stocks closed up 0.70 pct
October 18, 2012 (LBO) – Sri Lanka stocks closed up 0.70 percent Thursday with several blue chips making marginal gains. The Colombo All Share Index closed at 5,625.32 up 38.92 points and the S & P SL 20 Index closed 11.67 points higher at 3,029.00 up 0.39 percent. Turnover was 621 million rupees. JKH led […]
Loss Leaders
Oct 18, 2012 (LBO) – Sri Lanka’s state railway system had lost 28.2 billion rupees over the past seven years and 2,689 employees had been hired into the permanent cadre, data tabled in Sri Lanka’s parliament showed. Minister Rohana Dissanaya was responding to questions from legislator Dayasiri Jayasekera had said that Sri Lanka railways had […]
Sri Lanka Tamil Tiger leader in charity work
COLOMBO, Oct 17, 2012 (AFP) – The last leader of Sri Lanka’s Tamil Tigers, who is wanted by India over the assassination of former premier Rajiv Gandhi, has been freed from military custody, the defence ministry said Wednesday. Selvarasa Pathmanathan, who was arrested in August 2009, was no longer in detention and was free to […]
Sri Lanka war refugee re-settlement backed by the US
Oct 18, 2012 (LBO) – The United States has given 3. 0 million US dollars to three organizations to help re-settle war refugees with sufficient shelter, access to water and sanitation, the US embassy in Colombo said. The money will be used in Mullaitivu and Killinochchi districts in Sri Lanka’s north, by three charities; ZOA […]
Sri Lanka Central Bank to sell down Treasury bill stock: Governor
Oct 18, 2012 (LBO) – Sri Lanka’s Central Bank will gradually sell down its Treasury bill stock, as they come up for maturity, Governor Nivard Cabraal said, in a move which can strengthen the island’s rupee peg and increase foreign reserves. A T-bill sell-down will stop the rupees from being given as loans by banks, […]
Sri Lanka Treasuries yield up at auction
Oct 17, 2012 (LBO) – Sri Lanka’s Treasuries yields edged up slightly at Wednesday’s auction with the 12 month yield rising 07 basis points to 12. 39 percent, data from the state debt office showed. The 03 month yield rose 03basis points to 10. 66 percent and 06-month yield rose 06 basis points to 11. […]
Sri Lanka stocks closed down 0.39 pct
October 17, 2012 (LBO) – Sri Lanka stocks closed down 0.39 percent Wednesday recording the lowest turnover in two months. The Colombo All Share Index closed at 5,586.40 down 21.73 points and the S & P SL 20 Index closed 19.61 points lower at 3,017.33 down 0.65 percent. Turnover was 372 million rupees, the lowest […]
Platform Upgrade
Oct 17, 2012 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said its e-banking platform had been upgrade to be more user-friendly, give customers more control and better security features had been added. “e-Banking continues to grow in significance to customers of Commercial Bank,¦” Palitha Perera assistant general manager operations of Commercial Bank said in […]
Sri Lanka state airline in Golf tourism push
Oct 17, 2012 (LBO) – SriLankan Golf Classic, a three day event with 130 international participants will kick off on October 19, as part of the state-run SriLankan Airlines to boost the island’s image as a sports destination, officials said. “Many countries in the Far East and South Asia have identified the potential in Sports […]