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Sri Lanka hospitality school hopes to fill skills void
June 27, 2012 (LBO) – A leisure industry school linked to a UK-based professional body said it is stepping to fill a growing need for leisure sector executives as the island sees a tourism boom after the end of a three decades long war. Sri Lanka’s tourism sector is booming after the end of a […]
Sri Lanka rupee hits new low
June 27, 2012 (LBO) – Sri Lanka’s rupee hit new lows near 134 to the US dollar in the spot market Wednesday and spot-next deals went for as much 134.15, dealers said as excess liquidity increased in the banking system. Excess rupee liquidity in the banking system rose to 10. 8 billion rupees Tuesday from […]
Sri Lanka Treasuries yields up
June 27, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities at Wednesday’s auction with 6-month yields rising most by 14 basis points to 12. 47 percent, data released by the state debt office showed. The 3-month yield rose 08 basis points to 11. 12 percent and the 12-month yield rose 10 basis points […]
Sri Lanka Treasuries eyed by Japanese buyer: foreign ministry
June 27, 2012 (LBO) – Bansai Securities, a Tokyo based investment house is planning to buy 10 billion yen (125 million US dollars) worth Sri Lanka rupee Treasuries, over the next 12 months, the foreign ministry said. Sri Lanka’s Treasury bills now yield between 11 percent (3-months) and 12.78 percent (one year). Two year Treasury […]
Sri Lankan shares up 0.11 percent; large deals in John Keells
June 27, 2012 (LBO) – Sri Lankan share prices rise on Wednesday, driven by large trades in market heavyweight John Keells Holdings PLC and fabric maker, Textured Jersey Limited, brokers said. John Keells Holdings, dominated trading with two large trades, brokers said. A quantity of 284,000 JKH shares was sold at 190.00 rupees while a […]
Skills Training
June 27, 2012 (LBO) – The International Finance Corporation, is working with Sri Lanka’s Nations Trust Bank to help up to 30,000 small business owners become more competitive through a series of advisory interventions, sharpening their readiness to access new markets. IFC said its advisory assistance has helped the bank to strengthen its institutional capacity […]
Regulatory Conflict
June 27, 2012 (LBO) – Sri Lanka’s Employment Provident Fund, a central bank managed fund, said it had welcome a detailed statement from Standard & Poor’s which warned of risks facing lenders over the fund buying up bank stock. S & P said it warned of regulatory conflict under a standard rules which give higher […]
Cost Model
June 27, 2012 (LBO) – Sri Lanka’s state-run Sri Jayawardanapura Hospital, established as a cost-recovery hospital which levies some fees from patients has raised 1. 69 billion rupees in revenues for in 2011, a finance ministry report said. The Treasury has given an 840 million rupee grant for capital expenditure and 231 million rupees for […]
Sri Lanka Cricket secures $30 mn bids for premier league: report
June 27, 2012 (LBO) – Sri Lanka Cricket has secured bids in excess of 30 million dollars to host its first Twenty20 premier league, a report said. Seven parties submitted bids for the August 10-31, Sri Lanka Premier League (SLPL) featuring seven provincial teams, each having six foreign players in their squad but with a […]
‘s North population shrinks, East expands
June 27, 2012 (LBO) – Population in Sri Lanka’s northern Jaffna area has shrunk during a 30-year civil war but parts of the former war zone which was not fully under control of separatists had seen above average growth, new census data shows. The first census conducted in the area since 1981, has shown that […]