Author: lbostgadmin
Eyeballs
Feb 18, 2013 (LBO) – Sri Lanka’s Dialog Television (DTV) a unit of Dialog Axiata offering satellite based pay television said subscribers grew 23 percent to 264,000 in 2012 from a year earlier. But profits after tax fell 57 percent to 11 million rupees in 2012 from a year earlier due to an equipment write-down, […]
Chat Profits
Feb 18, 2013 (LBO) – Sri Lanka’s Dialog Axiata, which has interest in mobile, fixed telecom and pay television said group profits fell 30 percent to 928 million rupees in the December 2012 quarter from a year earlier, dragged down by write-offs. The group reported earnings of 12 cents per share for the quarter. For […]
Nation Branding
Feb 18, 2013 (LBO) – Sri Lanka has a chance to strengthen its ‘nation brand’ after the end of a civil war, by building upon freedom enhancing values and being focused and consistent on messaging that differentiates the island, a international consultancy has said. Sri Lanka has entered a country brand index (CBI) compiled annually […]
Sri Lankan dairy firm to expand capacity, profits up
Feb 17, 2013 (LBO) – Lanka Milk Foods Plc a unit of Sri Lanka’s Distilleries group said it will spend 800 million rupees to expand liquid milk processing and packing capacity at a subsidiary.Lanka Milk Foods’ revenues rose 9.5 percent to 1.41 billion rupees in the December 2013 quarter, expenses rose at a slower 2.6 […]
Shooting
COLOMBO, Feb 16, 2013 (AFP) – Gunmen shot and wounded a Sri Lankan journalist near the capital Colombo, police said Saturday, the latest in a string of attacks on the island’s media.Faraz Shauketaly, a reporter with the privately-run Sunday Leader whose editor was shot dead in 2009, was rushed to hospital for surgery following the […]
Petro Balance
Feb 15, 2013 (LBO) – Profits at Lanka IOC, a Sri Lanka unit of Indian Oil Corporation rose 16 percent to 728 million rupees in the December 2012 quarter from a year earlier, partly helped by forex gains, an official said. About 27 percent of the retail price of petrol is made up of government […]
Charity Music
Feb 15, 2013 (LBO) – An annual country music concert will be held for the 25th time in Sri Lanka’s capital Colombo to raise funds for needy children with European and US performance along local artistes performing, its organizers said.Colombo-base Country Music Foundation said its ‘Country Roads’ festival is the longest running concert of its […]
Sri Lanka hotel group calls for destination marketing
Feb 15, 2013 (LBO) – A top Sri Lankan resort operator which also has overseas operations has again called for tourism authorities to have strong destination promotion in line with regional competitors. Aitken Spence said it had strong results from the Maldives, which is set up as a niche high end destination. “We are keen […]
Sri Lanka sells US$152 million in floating rate bonds
Feb 15, 2013 (LBO) – Sri Lanka has sold 152.12 million US dollars of 3-year bonds to yield 400 basis points above the 6-month London Interbank Offered Rate, the state debt office said.The debt office which is a unit of the Central Bank offered to sell 60 million dollars of bonds styled ‘Sri Lanka Development […]
Sri Lanka investments eyed by Polish businesses
Feb 14, 2013 (LBO) – Sri Lanka’s state investment promotion agency said Polish investors met the agency to assess possible investments in power generation and pharmaceuticals manufacture.A delegation from Polska Izba Gospodarcze, the Polish Chamber of Commerce headed by Leszek Lazarczyk of Linter group in Poland had visited Sri Lanka’ the Board of Investment said. […]
‘s tax-take weakens amid slowdown, exemptions: IMF
Feb 14, 2013 (LBO) – Sri Lanka’s tax revenues had fallen below target in 2012 amid an economic slowdown, declining imports and tax exemptions, the International Monetary Fund said. The IMF said Sri Lanka’s value added tax (VAT) regime is yielding less taxes than it should at current rates in force. “Strengthening the administration of […]
Sri Lanka seeks US200mn from World Bank for health
Feb 14, 2013 (LBO) – Sri Lanka is seeking a 200 million US dollar credit from the World Bank to improve the health care system and reduce non-communicable diseases, minister Keheliya Rambukwelle said.The money will be used in programs to reduce malnutrition, prevent and control non-communicable diseases and improve maternal and child care. The program […]