All Blogs
Sri Lanka commercial rents rising: property firm
Apr 11, 2011 (LBO) – Sri Lanka’s commercial rents have risen in 2010 with occupancy levels picking up from a slump in 2009, which saw the end of a 30-year war the owners of a prominent Colombo property has said. Overseas Realty Ceylon Ltd, a unit of Singapore’s S P Tao group said occupancy at […]
Sri Lanka vegetable traders hit by contradictory allegations
Apr 11, 2011 (LBO) – Sri Lanka’s vegetable traders who are often accused of keeping prices up through a purchasing ‘mafia’ have now been accused of lowering prices through imports, according to a media report. Sri Lanka’s The Sunday Times newspaper said local tomatoes were being sold for prices between 100 to 120 rupees and […]
Banking Ties
Apr 10, 2011 (LBO) – Amana Bank, Sri Lanka’s first licensed commercial bank operating on Islamic banking principles will receive technical support from Bank Islam Malaysia which has taken a 20 percent stake, a media report said. Malaysia is a centre for Islamic finance, where banking is conducted under Sharia law, which prohibits the charging […]
Energy crisis leaves Nepal in the dark
KATHMANDU, April 10, 2011 (AFP) – By the light of a single candle Shankar Prasad Bhandari strains his eyes as he tries to count out the correct change for a customer in his blacked out shop on the outskirts of Kathmandu. Rolling 14-hour power cuts, triggered by a growing energy crisis, mean that much of […]
Rally for Sri Lanka ex-skipper flops
April 9, 2011 (AFP) – A campaign by fans of Sri Lanka’s World Cup-losing skipper Kumar Sangakkara to demand his reinstatement ended in a flop Saturday, with only a handful of supporters turning up. The wicketkeeper-batsman, currently in India to play in the lucrative Indian Premier League Twenty20 tournament, has said he has no plans […]
Maldives forex shortages hit airlines: report
Apr 09, 2011 (LBO) – A dollar peg in the Maldives which is coming under pressure from excess domestic money has hit the airline business and also cut the real wages of expatriate workers, a media report said. Minivan News an online publication said Galaxy Enterprises which is the general sales agent for SriLankan Airlines […]
China speaks better English than India: study
NEW DELHI, April 8, 2011 (AFP) – Emerging market giant China has pipped neighbouring rival India in English language proficiency skills, despite the South Asian nation’s strong anglophone tradition, according to a new study. Both countries were given a “low-proficiency” score, with China standing 29th, one place ahead of India in a list of 44 […]
Sri Lanka officials learn WTO services rules from Singapore
Apr 09, 2010 (LBO) – Sri Lanka’s government officials are learning more about World Trade Organization rules on services from Singapore as the country pushes ahead with becoming a trade and services hub. Experts from Singapore’s Temasek Foundation Centre for Trade and Negotiations (TFCTN) as well as experts from other countries are training Sri Lanka’s […]
Sri Lanka shares end up 0.5-pct
Apr 08, 2011 (LBO) – Sri Lankan shares closed higher with interest in a new conglomerate and associatd firm and poultry companies although trading volmes were lower than usual in the run-up to a holiday break, brokers said. The stock market will be closed for the latter part of next week owing to the traditional […]
Support Vessel
Apr 08, 2011 (LBO) – Sri Lankan ship builder Colombo Dockyard has laid the keel for the first of a series three Multipurpose Platform Supply Vessels for Singapore’s Greatship Global Offshore Services. The vessel is designed to have an accommodation area for 50 persons. The vessel, scheduled for delivery in the first quarter of 2012, […]