Author: lbostgadmin
Maldives reject foreign pressure over vote hold-up
COLOMBO, October 2, 2013 (AFP) – Outgoing Maldivian president Mohamed Waheed vowed on Wednesday to resist international pressure to hold swift elections after the Supreme Court suspended a presidential run-off due last weekend.Waheed, in an address to the nation of 350,000 Sunni Muslims, said the court’s decision had plunged the country into “chaos”, but said […]
Sri Lanka stocks up 0.4-pct, rupee gains
Oct 02, 2013 (LBO) – Sri Lanka stocks closed 0.43 percent higher with diversified John Keells Holdings extending gains, while speculative trading continued in Touchwood, a troubled forestry firm, brokers said. The benchmark Colombo All Share Price Index closed 24.79 points higher at 5,805.62, up 0.43 percent after peaking at an intraday high of 5,814.61 […]
Sri Lanka Treasuries yields flat
Oct 02, 2013 (LBO) – Sri Lanka’s 12-month Treasuries yield fell 05 basis points to 10.52 percent, at Wednesday’s auction and no bids were accepted for other maturities, data from the state debt office said. The debt office offered 5.0 billion rupees of maturing debt at the auction and rejected 3 and 6 month bids. […]
‘s capital to get better water supply: ADB
Oct 01, 2013 (LBO) – Sri Lanka’s capital Colombo and surrounding areas will get 24 hour water supply and water losses will be plugged under a new program financed with an 88 million US dollar credit, Asian Development Bank said. “Though 95 percent of Colombo is covered by a piped water supply system, the distribution […]
Sri Lanka energy efficient lighting penetration tops 50-pct: official
Oct 01, 2013 – Sri Lankan power users have adopted energy saving lighting in a big way conserving an estimated 312 MegaWatts of load a day and keeping a night peak from rising faster, a sector official said.It also involves start up costs for generators. Sri Lanka also charges penal rates from larger household customers, […]
Sri Lanka stocks down, rupee stronger
Oct 01, 2013 (LBO) – Sri Lanka’s stocks closed 0.39 percent lower and the rupee gained against the US dollar on export conversions and dollar sales by foreign banks, dealers said. Export conversions and dollar sales by foreign banks saw the rupee gain against the US dollar amidst thin volumes, dealers said. The central bank […]
Building future ready enterprises in Sri Lanka
Sept 30, 2013 (LBO) – Some of Sri Lanka’s best brains from corporate, academic and research communities and panelists from the region will share their insights on building ‘future ready enterprises’. Titled ‘LBR LBO Summit on Enterprise 2.0, Building Future Ready Enterprises’, the thought-provoking, one and a half-day event will take place on Friday 4th […]
Sri Lanka inflation at 6.2 percent in September
Sept 30, 2013 (LBO) – Sri Lanka’s consumer prices rose 6.2 percent in September 2013 from a year earlier, slowing from 6.3 percent in August, data from the state statistics office showed. The International Monetary Fund has said monetary policy should not be relaxed further this year, until the effects of earlier easing is seen. […]
Decent Conditions
KATHMANDU, September 27, 2013 (AFP) – Rights groups urged South Asian governments Friday to demand proper protection for their migrant workers amid outrage over the deaths of dozens of Nepalis on projects linked to the 2022 World Cup in Qatar.While Nepal’s government said it would not try to halt the flow of migrant workers after […]
Port Island
Sept 30, 2013 (LBO) – Sri Lanka is planning to build an artificial island off Hambantota in the South of the island with the sand dredged to expand a port there, a media report said. In the first phase the Hambantota is positioned as an industrial and bunkering port. The port will get revenue from […]
Sri Lanka stocks flat, rupee steady
Sept 30, 2013 (LBO) – Sri Lanka stocks closed flat amid a broad sell-off of smaller capitalized stocks and the rupee was steady, brokers and dealers said. The benchmark Colombo All Share Price Index (ASPI) closed 5.30 points lower on Monday to 5,803.32, down 0.09 percent after hitting an intraday high of 5,815.84. The S&P […]
Sri Lanka NSB bond gains, yields plunge in aftermarket
Sept 30, 2013 (LBO) – A bond sold by state-run National Savings Bank at 8.875 this month percent surged in the aftermarket to yield as low as 8.05 percent, giving quick capital gains to investors. NSB sold 750 million US dollars of five year bonds amid unsettled market conditions ahead of a US Fed decision […]