Author: lbostgadmin
Sri Lanka in bid to draw courier airlines to Mattala airport
Mar 13, 2013 (LBO) – Sri Lanka is in talks with international courier airlines including UPS, Fedex and DHL to base operations at a new airport that is opening on March 18, the island’s state-run airport agency chief said.“We are talking to courier airlines, UPS, Fedex, DHL,” Prasanna Wickramasuriya, chairman of Airport and Aviation Services […]
Sri Lanka tourism arrivals up 13.4-pct in Jan
Mar 13, 2013 (LBO) – Sri Lanka’s tourism arrivals rose 13. 4 percent to 97,411 in January 2013 from a year earlier, with double digit growth from Western Europe and China, the state tourism promotion office data showed. Indian visitors which grew just 2.9 percent in the whole of 2012 after visa requirements were re-imposed […]
Sri Lanka Treasuries yields up
Mar 13, 2013 (LBO) – Sri Lanka’s Treasuries yields edged up across maturities at Wednesday’s auction with the three month yield rising 05 basis points to 9.16 percent, data from the state debt office said.The 6-month yield rose 05 basis points to 10.15 percent and the 12-month yield rose 05 basis points to 11.19 percent. […]
” rating confirmed: RAM
Mar 13, 2013 (LBO) – RAM Ratings Lanka said it had confirmed an ‘A-‘ rating on Lankem Ceylon Plc, with a ‘stable’ outlook.Its short-term ‘P2’ rating was also confirmed. “The ratings are supported by its diversity in business operations, dominant market positions in most of its business lines, the resilient demand for agrochemicals, and above […]
” label
Mar 12, 2013 (LBO) – Sri Lanka’s influential Ceylon Chamber of Commerce announced that the cost of halal certification was so “insignificant” that it was not even considered when calculating the cost of production of food sold locally. CCC chief Susantha Ratnayake, who is also the chairman of John Keells Holdings, said the widely used […]
Two Decades
Mar 12, 2013 (LBO) – Sri Lankan advertising agency Triad which was founded in 1993 is making 20 years this March says it has grown into an award winning agency, which has also won in the market. “The brands that we have nurtured and built are today commanding a leadership presence, no matter what the […]
‘s Renuka Agri Foods buys 100-pct of diary unit
Mar 12, 2013 (LBO) – Sri Lanka’s Renuka Agri Foods said it had bought a residual stake in Rich Life Dairies, a firm which produces ready to drink flavoured milk and fruit juices raising its stake to 100 percent. Renuka Agri Foods said in stock exchange filing that it had paid 100 million rupees for […]
Sri Lanka cuts coining cost with Finish, Dutch and Slovak mints
Mar 12, 2013 (LBO) – Sri Lanka has cut coin issue costs from 2013 by allowing more international coin producers to bid for minting contracts, Central Bank Governor Nivard Cabraal said.“We widened the criteria for bidding, and we have made substantial savings,” Governor Cabraal said. “We got very good prices.” From 2013 to 2015, Mint […]
Sri Lanka rupee strengthens above 126 to the US dollar
Mar 12, 2013 (LBO) – Sri Lanka rupee was quoted stronger at 125.95/126.00 to the US dollar in late afternoon trade Tuesday in the spot market, up from a closing price of 126.45/55 a day earlier, dealers said.Dealers say some banks were looking to sell dollars in the spot market.Market sources say unwinding of some […]
Halal food label withdrawn in Sri Lanka after protests
March 11, 2013 (AFP) – Islamic clerics announced the withdrawal of a halal labelling system for food in Sri Lanka on Monday “in the interests of peace” after protests from Buddhist hardliners on the Indian Ocean island.The All Ceylon Jamiyyathul Ulama (ACJU), Sri Lanka’s main body of Islamic clergy, said the halal certificate issued by […]
Sri Lanka power tariff proposal open for public comment
Mar 11, 2013 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has sought increases in tariffs of over 100 percent for some categories for 2013, while keeping tariffs for places of worship and some industries at steeply subsidized levels. Places of religious worship, would continue to get the cheapest power, paying between 1.90 to 7.00 […]
Sri Lanka second airport aviation fuel terminal ready: CPC
Mar 11, 2013 (LBO) – State-run Ceylon Petroleum Corporation has built an aviation fuel terminal at Sri Lanka’s second international airport in Mattala, which has storage capacity of 250,000 litres, the petroleum ministry said.The airport is due to open on March 18. A ministry statement quoted petroleum minister Anura Yapa as saying that the new […]