All Blogs
Sri Lanka renewable energy firms demand higher tariffs after depreciation
Aug 29, 2012 (LBO) – Sri Lanka’s renewable energy firms have demanded higher tariffs after the rupee depreciated and interest rates rose following a balance of payments crisis, at a public consultation called by the power regulator. Renewable energy firms said the rupee had depreciated from 110 to over 130 (about 18 percent) over the […]
Sri Lanka Treasuries yields up
Aug 28, 2012 (LBO) – Sri Lanka’s Treasuries yields edged up across maturities at Tuesday’s auction with the three months yields gaining 05 basis points to 11.41 percent, data from the debt office showed. The 6-month yield rose 05 basis points to 13.07 percent and the 12-month yield rose 04 basis points to 13.31 percent […]
Sri Lanka stocks up 0.29 pct
Aug 28, 2012 (LBO) – Sri Lanka’s stocks closed up 0.29 percent with several large caps and speculative stocks extending gains, while a transfer of Aitken Spence shares boosted turnover, brokers said. Index heavy Sri Lanka Telecom closed AT 39.30 rupees up 1.10 rupees, Distilleries closed at 122.30 rupees up 3.30 and John Keells Holdings […]
Watchdog
Aug 28, 2012 (LBO) – Nalaka Godahewa, former chairman of Sri Lanka’s tourism development agency has been appointed as the chairman of the Securities and Exchange Commission, a state official said. The SEC chairman before Karunarantne, Indrani Sugathadasa, a retired senior public servant also resigned saying she was upholding her principles. Sri Lanka has had […]
Sri Lanka dairy firm eyes former war zones, exports
Aug 28, 2012 (LBO) – Lanka Milk Foods, a unit of Sri Lanka’s Stassen group said it was eyeing former war zones in the north and east of the country for expansion, while it operated within complex state interventions. LMF’s imported milk business was hit by state price controls and import duties but it also […]
India ups health sector aid to Sri Lanka
Aug 28, 2012 (LBO) – India will build a 200-bed ward complex at Vavuniya hospital in Sri Lanka’s north as a fully grant funded 200 million rupee project, the Indian high commission (embassy) in Colombo said. “The Project envisages construction of a four-storey ward complex to improve the existing infrastructure of the Hospital to meet […]
Sri Lanka stocks up 1.2-pct, rupee weaker
Aug 27, 2012 (LBO) – Sri Lanka’s stocks closed up 1.2 percent in a broad based rally that saw index heavy and several small caps making gains, brokers said, while the rupee traded weaker, dealers said. The Colombo All Share Index closed up 60.2 points at 5,073.10, and the S&PSL20 closed up 0.88 percent at […]
Sri Lanka offers islets, beaches, wetland on 99-year leases for tourism
Aug 27, 2012 (LBO) – Sri Lanka’s tourist development agency has offered islets, hundreds of acres of land bordering beaches, a wildlife reserve and a wetland on 99-year leases to build tourism related projects. Eight islets in Kalpitiya off the western coast of Sri Lanka 150 kilometres north of the capital Colombo are being offered […]
Health Injection
Aug 27, 2012 (LBO) – Sri Lanka’s Asiri hospital group will get a 2. 26 billion rupee cash injection from Actis, a private equity group, on top of a 604 million rupees last week, taking the total to 2. 87 billion rupees (21 million US dollars) so far. Last week Actis invested 604 million rupees […]
Medical Service
Aug 27, 2012 (LBO) – Denmark’s Falck, an emergency medical services company has taken a 50 percent stake in a Sri Lankan firm Med1 (Pvt) Ltd, and will invest in a 24-hour ambulance service, Sri Lanka’s Board of Investment said. The BOI said visitors to the island “whether tourists, entrepreneurs or investors will be reassured […]