Author: lbostgadmin
Psychographics
May 22, 2013 (LBO) – Web searching in Sri Lanka for consumer products have rocketed with rapidly falling device and access prices, giving opportunities for radically different ways of doing business, a Google official said.“The search trends for all categories in Sri Lanka have increased anywhere between 12 to 25 times, be it automobile category […]
Super Fast
May 22, 2013 (LBO) – Sri Lanka Telecom the only wireline operator in the country, said it had soft-launched a VDSL2 (Very-High-Bit-Rate Digital Subscriber Line 2) fixed broadband service.The technology was demonstrated to Sri Lanka’s telecom minister Ranjith Siyambalapitiya, at a regional telecom office in Kegalle. The demonstration has seen data speeds in excess of […]
New Chief
May 22, 2013 (LBO) – Sri Lanka based MillenniumIT a unit of London Stock Exchange has appointed John Mackay Gill, ex-senior vice president of SunGard Data System Inc of the US as its chief executive. “Mack has had an exceptional career at SunGard and has a wealth of experience in financial services technology, operations, product […]
Finance Rating
May 22, 2013 (LBO) – Melsta Regal Finance Ltd, a unit of Distilleries Company of Sri Lanka has been rated ‘A+(lka) by Fitch Ratings, on the strength of its ‘AAA(lka)’ rated ultimate parent. The full statement is reproduced below: Fitch Rates Sri Lanka’s Melsta Regal Finance ‘A+(lka)’/Stable Fitch Ratings-Colombo-21 May 2013: Fitch Ratings has assigned […]
LBR LBO Brand Summit 2013 – “Building Resilient Brands” – Tuesday 21st May 2013
Topic: Building Resilient Brands Date/Time: Tuesday 21st May 2013 | 0845 – 1750 HRS Venue: Oak Room, Cinnamon Grand Host: Lakshaman Bandaranayake | Founding Publisher, Director | Lanka Business Online Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 General | summit@lbo.lk Registration fee: Rs 12,900/= per participant, 5% discount for groups of […]
Sri Lanka conglomerates are investment brands
May 21, 2013 (LBO) – Sri Lankan conglomerates that had attracted strong foreign investor interest had built resilient investment brands, top executives involved in managing multi-national companies said.Punters in international markets also react like consumers do to brand, as conglomerates which are not easy hermes bags analyze, Lalith de Mel, chairman Hemas Plc and former […]
Sri Lanka branding forum kicks off in Colombo
May 21, 2013 (LBO) – A high level conference on building resilient brands kicked off in Colombo Wednesday featuring high level speakers and panelists from Sri Lanka and abroad. http://www.lankabusinessonline.com/summit/hangout Facebook page: https://www.facebook.com/pages/LBR-LBO/161852393984690 Event rundown IST: 0900 1045 HRS GMT/UTC: 0330-0515 HRS Resilient Brands, Resilient Enterprises Peter D’Almeida, Managing Director/N*able (session Char) Deshamanya J. C. […]
Stable Rating
May 21, 2013 (LBO) – Fitch Ratings said an ‘AA-(lka)’ rating of Sri Lanka’s Hatton National Bank has been confirmed with a stable outlook and the bank has slowed pawning advances as gold prices fell. It also confirmed an ‘A+(lka)’ rating of HNB’s subordinated debentures of 6.0 billion rupees. “HNB’s ratings reflect its strong domestic […]
Sri Lanka stocks close down 0.3-pct
May 21, 2013 (LBO) – Sri Lanka’s stocks closed down 0.39 percent on Tuesday, following three consecutive days of gains due to a negative impact from the index heavy stocks, brokers said. Distilleries Company of Sri Lanka gained 60 cents to close 190.10 rupees while The Lion Brewery gained 6.50 rupees to close at 386.50 […]
Singer Sri Lanka debentures oversubscribed
May 21, 2013 (LBO) – A 1.5 billion rupee debenture offer by Singer (Sri Lanka) Plc has been oversubscribed, registrars to the issue said. The issue will close at 4.30 pm today. Singer offered 10 million unsecured debentures of 100 rupees each, up-sized to 15 million in the event of an over subscription. .
”’ by Fitch
May 21, 2013 (LBO) – Fitch ratings has given an ‘AAA(lka)’ national fund credit rating form Ceylon Gilt Edged Fund, managed by Ceylon Asset Management (CAM). Fitch said the rating was driven by the fund’s investments in government securities which was considered ‘AAA(lka)’. The fund was also given a ‘V1(lka)’ national fund volatility rating. “The […]
Sri Lanka Treasuries yields steady
May 21, 2013 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with the three month yield flat at 8.75 percent, data from the state debt office showed.The 6-month yield fell 01 basis point to 9.90 percent and the 12-month yield rose 02 basis points to 10.86 percent. The debt office which is […]