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Sri Lanka East West Properties to build more hotels
Oct 25, 2012 (LBO) – Sri Lanka’s East West Properties Plc, plans to build more hotels chairman Nahil Wijesuriya has told shareholders, with the first hotel to be managed by US based Marriot group as already announced. East West is building a 200 room hotel in Weligama Bay between Gall and Matar on Sri Lanka’s […]
Sri Lanka Watawala Plantation profit from palm oil
Oct 25, 2012 (LBO) – Sri Lanka’s Watawala Plantations said it made profits of 186 million rupees in the September 2012 quarter, turning around from a loss of 16. 8 million rupees helped by palm oil. The firm reported earnings of 79 cents per share for the quarter. For the six months to June 2012, […]
Sri Lanka exports fall 13.1-pct in Aug
Oct 25, 2012 (LBO) – Sri Lanka’s exports fell 13. 1 percent to 828.9 million US dollars in August 2012 from a year earlier led by tea, while imports fell 4.7 percent to 1,750 million US dollars, official data showed. Tea exports fell 32.7 percent to 95.7 million US dollars and apparel exports fell 3. […]
Sri Lanka key tax revenues up 8-pct to Sept
Oct 25, 2012 (LBO) – Taxes collected by Sri Lanka’s internal revenue office rose 8 percent to 369 billion rupees up to September 2012, from a year earlier commissioner general Mallika Samarasekera said. With a so-called simplified VAT (SVAT) system coming into effect, refunds made to exporters had fallen she said. Sri Lanka’s value added […]
Sri Lanka Treasuries yields up, rupee down
Oct 24, 2012 (LBO) – Sri Lanka’s Treasuries yields rose for 6 and 12 month maturities with bids for three months securities being rejected at Wednesday’s auction, data from the state debt office showed, while the rupee weakened. The 6-month yield rose 07 basis points to 11.90 percent, and the 12-month yield rose 11 basis […]
Sri Lanka stocks close down 0.24 pct
October 24, 2012 (LBO) – Sri Lanka stocks closed down 0.24 percent Wednesday losing gains made earlier in the day. Commercial Bank slipped 0.80 cents to close at 104.30 rupees down 0.76 percent. DFCC Bank dropped 0.30 cents to close at 108.30 rupees down 0.28 percent. Hatton National Bank PLC gained 2.90 rupees to close […]
Sri Lanka tourist arrivals up 18-pct in September
Oct 24, 2012 (LBO) – Sri Lanka’s tourist arrivals rose 18. 1 percent to 71,111 in September 2012 from a year earlier, with arrivals during the nine months up 16 percent to 693,772 data from the Indian Ocean island’s tourist promotion office showed. Arrivals from the Middle East fell 13 percent to 4,166. East Asian […]
Common User
Oct 24, 2012 (LBO) – Sri Lanka’s East West Properties Plc, which has interests in warehousing and tourism will rent out broadcast towers after it acquired a media firm with access to spectrum. East West Properties and the time funded the project with a loan, according information disclosed in annual reports at the time. East […]
Sri Lanka state carrier opens sales office in Wennappuwa
October 24, 2012 (LBO) – State-run SriLankan Airlines said it is opening a sales office in Wennappuwa, north of Colombo in the island’s north western region. 2nd Chance Travels (Pvt) Ltd will operate the passenger sales agency office at No 92, Main Street, Wennapuwa. The airline’s Wennapuwa office will be the third official sales agency […]
” rating confirmed: RAM
Oct 24, 2012 (LBO) – RAM Ratings has confirmed an ‘AAA’ rating for Sri Lanka Insurance Corporation, on its competitive position, state ownership and its systemic importance as the second largest premium collector. RAM Ratings Lanka reaffirms Sri Lanka Insurance Corporation Ltd’s ratings at AAA/P1 RAM Ratings Lanka has reaffirmed Sri Lanka Insurance Corporation Ltd’s […]