All Blogs
‘s Maoist heartland
RAIPUR, May 14, 2010 (AFP) – When Samir Xalxo has a story to tell he makes a phone call and within hours people across one of India’s least developed and most violent states will be able to catch up on the news. The system, developed by Microsoft Research India, allows trained amateur journalists in Chhattisgarh […]
Offshore Opportunity
May 14, 2010 (LBO) – Sri Lanka’s Hemas group and Colombo Dockyard have teamed up with Singapore’s Toll Offshore Petroleum Services to bid for Cairn India’s contract for offshore oil field support services, officials said. “Hemas Holdings, Colombo Dockyard and Toll Offshore Petroleum Services have jointly placed a bid for the offshore supply base for […]
‘re to blame, says Sangakkara after Sri Lanka T20 exit
GROS ISLET, May 13, 2010 (AFP) – Sri Lanka captain Kumar Sangakkara said the team had no-one else to blame but themselves after a seven-wicket World Twenty20 semi-final loss to England here on Thursday. Last year’s losing finalists were all but out of the game after being restricted to 128 for six, having lost their […]
Sri Lanka Bank of Ceylon to sell 5-year bonds
May 13, 2010 (LBO) – Sri Lanka’s state-run Bank of Ceylon will sell 5. 0 billion rupees of 5-year bonds in June with fixed and floating rate coupon which will be listed in Colombo Stock Exchange. The Colombo Stock Exchange said 50 million debentures of 100 rupees and subscriptions will open on June 01, the […]
Sri Lankan stocks close 0.31-pct up, midcaps gain
May 13, 2010 (LBO) – Sri Lankan shares closed higher Thursday as retail investors bet on selected midcap stocks expecting the market to regain momentum in the coming weeks, brokers said. The All Share Price Index closed at 4,242.67, up 0.31 percent (13.27 points) while the Milanka index of more liquid stocks rose 0.68 percent […]
Loan Growth
Mar 13, 2010 (LBO) – Sri Lanka’s Nations Trust Bank group said profits were up 19 percent to 214 million rupees in the March 2010 quarter from a year earlier and loans have also started to grow amid lower interest rates. “The bank is financially strong with its funding and capital position in excellent shape. […]
Lower Return
May 13, 2010 (LBO) – Sri Lanka’s Hatton National Bank (HNB) group profit fell nine percent to 650 million rupees in the March 2010 quarter from a year ago as it reduced lending slightly, a stock exchange filing said. Total income fell 11 percent to 8.99 billion rupees, the bank’s accounts showed. Interest income fell […]
”: Emirates chief
May 13, 2010 (LBO) – Emirates airlines will sell its stake in Sri Lanka’s national carrier SriLankan if the price was right, a media report quoting chairman Sheikh Ahmed Bin Saeed Al-Maktoum said. Emirates Airlines owns a 43.5 percent stake acquired during the time it ran the airline on a 10-year deal, which it exited […]
Sri Lanka gets Japan funds for power in war-torn north
May 13, 2010 (LBO) – Sri Lanka will re-build a 1. 2 MegaWatt power station in the former separatist stronghold of Kilinochchi in northern Sri Lanka with loan of 3. 0 billion rupees from Japan, a government minister said. Sri Lanka’s state-run national grid operator, Ceylon Electricity Board, supplies power to the Jaffna peninsular, north […]
Sri Lanka Vidullanka buys into mini-hydro power firm
May 13, 2010 (LBO) – Sri Lankan private power producer Vidullanka plans to invest 42 million rupees for a stake in another hydropower firm that is to build a mini-hydro plant in the island’s south, a stock exchange filing said. Vidullanka will get a 26 percent stake in Nilwala Vidulibala Company for the investment. Nilwala […]