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Capital Gains
Aug 27, 2008 (LBO) – Sri Lanka’s DFFC Bank net profit for the June quarter rose 30 percent to 515 million rupees from 395 million rupees a year ago, helped by capital gains from the sale of shares, the bank’s interim results show. Profit for the June quarter included a one-off gain of 108 million […]
Sri Lanka cloves exports seen hitting new high
Aug 27, 2008 (LBO) – Exports of cloves from Sri Lanka are seen hitting a record 5,000 tonnes this year with earnings exceeding three billion rupees, a trade body said. Chatoor said a close watch was being kept on cloves exports by the authorities to prevent cloves from other countries being sent to India under […]
Sri Lanka says regional deal will help combat terrorist financing
Aug 27, 2008 (LBO) – A legal co-operation deal signed by south Asian leaders at a summit in Sri Lanka earlier this month will help combat terrorist financing and cross-border crime, the foreign affairs ministry said Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 […]
Sri Lankan Airlines to re-fleet from Dec; Etihad main code-share partner
Aug 27, 2008 (LBO) – Sri Lankan Airlines expects to replace its older fleet of short haul Airbus A320s with new deliveries starting December and will also make Etihad its main code-share partner, a top official said.Though the aircraft would be more expensive, falling lease rentals in the wake of interest rate falls and better […]
Oil prices near 117 dollars on Hurricane Gustav
SINGAPORE, August 27, 2008 (AFP) – World oil prices rose in Asian trade Wednesday, underpinned by concerns Hurricane Gustav may head for the Gulf of Mexico where key US energy installations are located, dealers said.Anglo-Dutch energy giant Royal Dutch Shell said it was planning to evacuate some staff from its Gulf facilities because of Gustav. […]
Cairn Energy reports falling net profits
LONDON, August 27, 2008 (AFP) – British oil firm Cairn Energy said that net profits slumped in the first half of 2008, compared with the same period last year when it was boosted by the part sale of its Indian division. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ […]
‘s Vaas joins 400-wicket club
August 27, 2008 (AFP) – Sri Lanka’s Chaminda Vaas on Wednesday became the fourth bowler to complete 400 wickets in one-day internationals, achieving the feat during the fourth match against India here. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The left-arm seamer had Yuvraj Singh caught […]
Sri Lankan jet strikes after Tiger plane attack
August 27, 2008 (AFP) – Sri Lankan jets carried out retaliatory attacks against Tamil Tiger rebels on Wednesday, a day after the guerrillas used a light aircraft to bomb a key naval facility, officials said.Tens of thousands of people have died since the LTTE launched a separatist campaign in 1972 to carve out a homeland […]
Sri Lanka stocks close lower, AMW deals dominate trade
Aug 26, 2008 (LBO) – Sri Lanka stocks closed marginally lower while turnover reached half a billion rupees following deals in Associated Motorways (AMW) Tuesday, stockbrokers said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The All Share Price Index fell 0.23 percent (5.63 points) […]
Tight Ship
Aug 26, 2008 (LBO) – Profits at Sri Lanka’s Hatton National Bank group dipped 17 percent to 567 million rupees in the quarter ended June 2008 as rising interest rates and flat loan growth took its toll, interim accounts released showed.The bank said in a statement that it had contained non-interest income which grew only […]