All Blogs
Sri Lanka colonial era hotel, environs, in billion US dollar PPP project
Nov 16, 2012 (LBO) – Sri Lanka’s Grand Orient Hotel, owned by a state bank and adjacent British colonial era buildings will be re-developed with the help of private investment in a project which may involve up to a billion US dollars, the state information office said. State run Bank of Ceylon has developed a […]
Consumer Weakness
Nov 16, 2012 (LBO) – Profits at Singer Sri Lanka Plc, a distributor of consumer electronics fell 35 percent to 194 million rupees in the September 2012 quarter from a year earlier, as finance costs rose, interim accounts showed. The group reported earnings of 1.65 rupees per share. For the nine months to September the […]
Ad Awards
Nov 16, 2012 (LBO) – A week of activities will kick off tomorrow ahead of Sri Lanka’s ‘Effie’ advertising awards organized by the Sri Lanka Institute of Marketing (SLIM) to recognize creating and effective advertising campaigns. Effie is a global program connected to the American Marketing Association which started in 1968 and is now held […]
SriLankan Airlines to ramp up training as skills shortages loom
Nov 16, 2012 (LBO) – SriLankan Airlines is to increase its training of airline personnel to help alleviate looming skills shortages in the region, an aviation forum was told. “We’re looking at capturing a part of that. Ticketing and cargo are very popular and will generate training opportunities. We aim to leverage our educated, skilled, […]
Sri Lanka policy rates unchanged, private credit low
Nov 16, 2012 (LBO) – Sri Lanka’s central bank kept the rate at which money is injected into the market at unchanged at 9. 76 percent at its November monetary policy meeting, though money has been injected at below market rates on longer tenures in recent weeks. Another auction this week was cancelled, but the […]
‘s
Nov 16, 2012 (LBO) – Sri Lanka needs effective economic management to retain a positive outlook on its ‘B1’ rating Moody’s Investors Services said in a credit analysis, also raising concerns over declining rule of law. Sri Lanka’s institutional strength score assesses governance strengths, a strong payments record and the government’s commitment to data transparency, […]
Vehicle Taxes
Nov 15, 2012 (LBO) – Prices of small cars may go up by 200,000 and trucks by about 400,000, and three wheelers by about 25,000 following tax changes announced in the budget, industry officials said. The prices of larger cars will remain stable as they already pay over 750,000 in taxes, under the rules announced […]
Tight Quarter
Nov 15, 2012 (LBO) – Profits at Sri Lanka’s Sampath Bank group fell 9. 1 percent to 1.04 billion rupees in the September 2012 quarter from a year earlier amid weaker fee income and foreign exchange losses, interim accounts showed. The group reported earnings of 6.46 rupees for the quarter. For the nine months to […]
Sri Lanka top tourism groups renew call for destination marketing
Nov 15, 2012 (LBO) – Two of Sri Lanka’s largest resort chains which also have operations in Maldives have renewed a call for tourism authorities to market the island effectively partnering with the those in the business. “In the present global context of turbulence and uncertainty, we see a clear opportunity for Sri Lanka to […]
‘s Aitken Spence net up 56-pct
Nov 15, 2012 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation said profits in the September 2012 quarter grew 56 percent to 731 million rupees from a year earlier. The group reported earnings of 1. 80 rupees per share for the quarter, in results filed with the […]