Author: lbostgadmin
Vehicle Trend
Aug 14, 2013 (LBO) – Sri Lanka’s car registration have surged forward to a 15-month high of 2,305, up 74.6 percentfrom a year earlier, mostly driven by pre-registered cars, an analysis of data shows. But rulers gave state workers tax slashed permits most of which are now being sold to the more affluent ordinary citizens, […]
Sri Lanka stocks close up 1.07-pct
Aug 14, 2013 (LBO) – Sri Lanka’s stocks closed up 1.07 percent Wednesday with foreign interest driving up stocks such as Ceylon Tobacco, brokers said. The benchmark Colombo All Share Index closed 1.07 points higher at 6,208.67 and the S&P SL 20 Index closed 30.87 points higher at 3,484.10 up 0.89 percent. Turnover was 1.9 […]
Sri Lanka Treasuries yields flat
Aug 14, 201 3 (LBO) – Sri Lanka’s Treasuries yields were flat at Wednesdays auction with the 12-month bills easing one basis point to 10.56 percent, data from the state debt office showed. . Three and six month bills were offered at this auction, following a gap. Three month bills were sold to yield 8.61 […]
EU concerned over Sri Lanka protestor killings, attacks on mosques, churches
Aug 13, 2013 (LBO) – The European Union Delegation in Sri Lanka has expressed concern over the killing of unarmed protestors by the military and series of attacks on mosques and churches by religious nationalists. “The right to freedom of peaceful assembly and the right to freedom of worship are fundamental to democratic societies and […]
Singapore firm launches in-flight Muslim prayer app
SINGAPORE, August 13, 2013 (AFP) – A Singapore-based company has launched an iPhone app alerting Muslims when to pray and in which direction they should face even when they’re 35,000 feet in the air.Travellers input the flight details and are provided with prayer times during their journey, as well as the direction of the Muslim […]
‘s rupee slips state proposes Mercantilist solutions
MUMBAI, August 13, 2013 (AFP) – India’s rupee fell in early trade on Tuesday despite the government announcing new measures aimed at narrowing the current account deficit and aiding the ailing local currency.Overseas funds have pulled out a combined .49 billion in equities and debt from India’s markets since June 1 on concerns about the […]
Asset Rich
Aug 13, 2013 (LBO) – Profits at Sri Lanka’s DFCC Bank group was flat at 595 million rupees for the June 2013 quarter from a year earlier, while the company also made unrealized gains in 558 million rupees on listed shares. Unrealized gain in listed stocks, mostly in Commercial Bank of Ceylon was 585 million […]
One Offs
Aug 13, 2013 (LBO) – Profits at Sri Lanka’s Hatton National Bank rose 27 percent to 2.1 billion rupees in the June 2013 quarter from a year earlier, helped by higher net interest income and a one-off reversal in employee compensation. The bank’s gross non performing advances ratio stood at 4.55 percent at the end […]
Sri Lanka stocks close up 0.2-pct
Aug 13, 2013 (LBO) – Sri Lanka’s stocks closed up 0.21 percent Tuesday following with losses in the last few days with gains seen in the large cap stocks, brokers said. Sri Lanka’s President Mahinda Rajapaksa has directed that the factory belonging to Dipped Products Plc, a unit of Sri Lanka’s Hayleys group be relocated […]
Muslims close Sri Lanka mosque after Buddhist unrest
COLOMBO, August 12, 2013 (AFP) – Sri Lanka’s Muslim leaders closed down a new mosque in Colombo on Monday after attacks by a Buddhist mob revived simmering religious tensions and sparked US concern.The Sri Lanka Muslim Council said it had agreed to shut its Grandpass mosque and move to an older place of worship which […]
Sri Lanka state airline on track for direct China flights
Aug 12, 2013 (LBO) – State-run SriLankan Airlines is on track to fly direct to China next year as traffic to Colombo picks up, a top official said.SriLankan is now flying to China via Bangkok, with tourists to Maldives being a key contributor to filling seats.But direct traffic to Sri Lanka has been picking up. […]
India car sales slide for ninth straight month
NEW DELHI, August 12, 2013 (AFP) – India’s car sales slid by over seven percent in July, marking a record ninth straight month of decline, industry data showed Monday, as an economic slump and high borrowing costs discouraged buyers. Carmakers sold 131,163 cars in India last month, down 7.4 percent from the same month in […]