All Blogs
Sri Lanka gets World Bank loan to rebuild in conflict areas
June 06, 2008 (LBO) – The World Bank plans to give Sri Lanka a loan of 75.6 million dollars mainly to rebuild the homes of people in the war-ravaged north and east, the lending agency said in statement. Technical assistance will also be provided under the program to help meet the long term housing needs […]
Sri Lankan shares regain some ground, sentiment seen weak
June 05, 2008 (LBO) – Sri Lankan shares Thursday recovered some ground it lost the day before but on thin volumes with brokers saying the market is likely to remain weak given high inflation and interest rates. The All Share Price Index gained one percent (24.81 points) to end at 2,516.49 while the more liquid […]
Prime Property
June 05, 2008 (LBO) – Sri Lanka’s Sampath Bank has called for proposals to develop a prime property it owns in the heart of the capital Colombo in a joint venture. The property market has been showing signs of cooling in recent months but prime locations such as Colombo 7 would always be pricey, analysts […]
Debit Deals
June 05, 2008 (LBO) – Commercial Bank of Ceylon has started giving discounts previously limited to credit card customers to the bank’s debit card holders, which has seen increased use following a credit card transaction tax, the bank said. Chief manager of Commercial Bank’s card centre, Lakshaman Perera said in a statement that a one […]
Sri Lanka in push for German visitors
June 05, 2008 (LBO) – Sri Lanka is hosting a workshop and familiarization tour for more than 100 German travel agents in a bid to lure more visitors, the island’s tourist promotion office said. The program will increase awareness about the Sri Lanka among German travel agents and motivate them to sell and promote the […]
Sri Lanka tea prices seen recovering
June 05, 2008 (2008) Sri Lankan tea prices appear to have bottomed out with widespread demand returning to the Colombo auctions which have been enjoying a strong market this year, brokers said. “There was improved wide spread demand,” Forbes and Walker Tea Brokers said in a report on this week’s auction. “For the second consecutive […]
Helping Move
June 05, 2008 (LBO) – Only two percent of the public buildings in Sri Lanka have easy access to the disabled, CEAT Tyres which is backing an organization that is campaigning to improving access to public buildings by the disabled, has said. “For numerous reasons, disability in both visible and invisible forms is on the […]
Health Strategy
June 05, 2008 (LBO) – The Lanka Hospitals Corporation, which own’s Colombo’s Apollo Hospital, said it is targeting medical tourism in a big way, along with cosmetic surgery, and hopes to turn profitable in the next financial year. The hospital, whose ownership changed in October 2006 with tycoon Harry Jayewardena buying a controlling stake, said […]
”
June 05, 2008 (LBO) – Sri Lankan and international media right groups Thursday said they were outraged by recent military criticism of journalists covering the war and urged the government to stop what they called its ‘hate campaign’. The Free Media Movement (FMM) and the International Federation of Journalists (IFJ) to which it is affiliated […]
Sri Lanka Janashakthi IPO braves slow market
June 05, 2008 (LBO) – The initial public offer of Janashakthi Insurance that is opening this month, the first in two years in the island, is a bold move that could enliven an otherwise slow market, company officials said. “We have taken a bold step in coming forward at this time,” Janashakthi Insurance managing director […]