All Blogs
Sri Lanka stocks up 1.9-pct
Sept 12, 2012 (LBO) – Sri Lanka stocks rose 1.9 percent Thursday with saw penny stocks and key large caps moving up, extending a rally that began in late August, brokers said. The Colombo All Share Price Index rose 108.9 points to close at 5,777.22 and the S&P SL 20 index rose 1.93 percent to […]
Land Connections
Sept 12, 2012 (LBO) – China State Construction Engineering Corporation Limited has been given a 40 billion rupees (303 million US dollars) contract to build roads and flyovers in Hambantota in the South. Cabinet spokesman minister Keheliya Rambukwelle said 85 percent of the financing will come from the Exim Bank of China and the balance […]
Sri Lanka hopes to lift Tamil Nadu travel advisory soon: minister
Sept 13, 2012 (LBO) – Sri Lanka hopes to lift an advisory warning citizens not to travel to India’s Tamil Nadu state soon, cabinet spokesman minister Keheliya Rambukwelle said.India’s central government has assured that protection will be given to Sri Lankan tourists in India. Indian media reports and several political parties had condemned the attacks […]
mLearning
Sept 13, 2012 (LBO) – Mobitel, a unit of Sri Lanka Telecom said it was providing a Master of Business curriculim on its ‘mLearning’ in partnership with Sri Lanka’s Kelaniya University. The ‘MBus’ modules could be accessed through Mobitel’s mobile broadband links. Mobitel, chief executive Lalith De Silva said the facility would help as it […]
Sri Lanka evaluating floating LNG terminal: minister
Sept 13, 2012 (LBO) – Sri Lanka is evaluating a proposal to build a floating liquefied natural gas terminal to supply over 1,000MegaWatts of combined cycle power plants that are running on furnace oil and a planned new one, minister Champika Ranawaka said. Another 300MW power plant was also planned in Kerawalapitiya, he said. “We […]
Commonwealth ready to help Sri Lanka fix institutions, build capacity: Secy Gen
Sept 13, 2012 (LBO) – The Commonwealth is ready to help Sri Lanka strengthen its public service and key institutions, build leadership capacity of senior officials and uplift professionalism of the media, a top visiting official said. Sharma said the Commonwealth is also looking at developing youth entrepreneurship in rural areas, sports and development for […]
Sri Lanka Treasuries yields flat
Sept 12, 2012 (LBO) – Sri Lanka’s Treasury bill yields were flat across maturities at Wednesday’s auction, with only 7. 3 billion rupees of bills being sold out of 9.0 billion rupees offered, data from the state debt office showed. In 2011 rates were manipulated by ‘quantity easing’ along the yield curve involving large volumes […]
Sri Lanka stocks close up 1.3-pct
Sept 12, 2012 (LBO) – Sri Lanka closed up 1.38 percent in a day that a commodity broker and a finance company started trading for the first time, brokers said. Selinsing, an illiquid stock which rose 500 rupees with a single share being traded on Tuesday fell back 209 rupees to 1,390. Some poultry stocks […]
‘s wear
Sept 12, 2012 (LBO) – Sri Lanka’s Orient Garments Ltd, a listed apparel exporter said a strategy of focusing on children’s had helped it survive a downturn in key Western markets, though both profits and revenues fell. In the year to March 2012, revenues of Orient Garment group fell 4. 7 percent to 3.41 billion […]
Sri Lanka working with China to clear coal plant hitches
Sept 12, 2012 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board and a Chinese contractor is working to rectify problems with the island’s first coal power plant and changes will be made to two others that have not yet been finished, officials said. He said Chinese and Sri Lankan engineers had come up with reports […]