All Blogs
New Cranes
Jan 28, 2011 (LBO) – Sri Lanka’s state run container terminal in Colombo port will get three gantry cranes and six transfer cranes from China in February which will be up and running by March, an official said. Sri Lanka Ports Authority chairman Priyath Bandu Wickrema said a team from the port is now in […]
Stock Carrots
Jan 28, 2011 (LBO) – Sri Lanka’s Sampath Bank said it intended to give stock options of up to three million shares to employees as a performance incentive if the bank reaches as yet undisclosed performance for 2011. The shares issued under the option plan would be 2.0 percent of the existing shares and will […]
Finance Capital
Jan 28, 2011 (LBO) – Sri Lanka’s listed The Finance Company, which is in a restructuring drive under regulatory supervision said it had raised 1. 6 billion from a share sale which had been oversubscribed. The Finance Company, earlier managed by the Ceylinco group offered 40 million shares at 40 rupees to raise capital. Depositors […]
Sri Lanka Navy to begin whale watching tours
Jan 28, 2011 (LBO) – The Sri Lanka Navy has ventured into wild life tourism by offering whale watching tours to the public off the island’s southern tip of Galle starting next month. The Navy is to deploy the fast passenger vessel (FPV) 503 previously used to transport service personnel and civilians between the eastern […]
Truck People
Jan 28, 2011 (LBO) – Four Sri Lankans are among 219 migrants discovered by authorities squeezed into a truck in northern Mexico who were hoping to enter the United States, a media report said. The Washington Post newspaper said most of the migrants were from Central America but six were from Sri Lanka and four […]
Video Call
Jan 28, 2011 (LBO) – Sri Lanka’s Microsoft say a new product, Lync 2010, that offers audio, video and web conferencing will help companies cut cost by reducing travel and communication costs. The software is a single platform that integrates instant messaging, presence, audio, video and web conferencing to bring people together in the ways […]
Divisions over Sri Lanka book festival boycott call
GALLE, January 28, 2011 (AFP) – Does it make sense to defend freedom of speech by calling on writers not to speak at a literary festival? South African novelist Damon Galgut pulled out explicitly because of the campaign, while Turkish Nobel laureate Orhan Pamuk and fellow writer Kiran Desai withdrew last week for reasons which […]
Sri Lanka stocks close 0.4-pct lower
Jan 27, 2011(LBO) – Sri Lankan stocks closed down Thursday with poultry stocks running out of steam, while price banks also kept plantation stocks in check, brokers said. The All Share Price Index closed at 7,211.11, down 0.42 percent (-30.76 points) while the Milanka Price Index of more liquid stocks closed at 7,195.82, down 0.35 […]
Finance Rating
Jan 27, 2011 (LBO) – Sri Lanka’s Arpico Finance Company’s long-term rating has been confirmed at BB and its outlook lifted ‘positive’ from ‘stable’ on better asset quality and adequate capital, RAM Ratings said. Arpico Finance’s short-term rating has been confirmed at NP, RAM Ratings said. Outlook on the long-term rating has been revised to […]
Sri Lanka poultry firm net up five fold in Dec
Jan 27, 2011 (LBO) – Sri Lanka’s Bairaha Farms, a poultry breeder and processor said net profits for the December 2010 quarter rose 546 percent to 163 million rupees from a year earlier, with revenues growing 25 percent to 706 million rupees. The poultry industry is experiencing strong demand and high prices after a slump […]