Author: lbostgadmin
Top Lender
Nov 07, 2012 (LBO) – Sri Lanka’s Commercial Bank’s profits rose 11. 5 percent to 2.3 billion rupees in the September 2012 quarter from a year earlier, despite a steep rise in interest expenses, interim accounts showed. Performing loans grew 12 percent to 310 billion rupees in the nine months to September. Non-performing loans grew […]
Sri Lanka stocks close 0.26 pct higher
November 07, 2012 (LBO) – Sri Lanka stocks closed 0.26 percent higher Wednesday on gains made in banking counters, brokers said. AVIVA NDB Insurance PLC slipped 4.50 rupees to close at 365.50 rupees down 1.22 percent. Colombo Dockyard PLC gained 1.40 rupees to close at 217.50 rupees up 0.65 percent. Dialog Axiata PLC closed flat […]
Sri Lanka Treasuries yields up, rupee weaker
Nov 08, 2012 (LBO) – Sri Lanka’s Treasuries rose on longer maturities at Wednesday’s auction with the 12 month yield rising 09 basis points to 12.65 percent from a week earlier, data from the state debt office showed, while the rupee weakened. The 6-month yield rose 05 basis points to 12.02 percent. The 3-month yield […]
‘ group raises budget issues, calls for better debate
Nov 06, 2012 (LBO) – Friday Forum, a Sri Lankan citizens group has asked for informed debate on the budget by parliamentarians instead of a slanging match, and has asked the administration to prioritize expenses and pay attention to a growing debt burden. The full statement is reproduced below: A PLEA FOR A BIPARTISAN BUDGET […]
Sri Lanka hydro capacity up to 58-pct – Update
Nov 06, 2012 (LBO) – Storage at Sri Lanka’s reservoirs have risen to 58 percent of capacity or enough to generate 738 million units of electricity during the first week of November from 22 percent a month earlier, official data shows. On November 04, state-run Ceylon Electricity Board generated 61.4 percent of the daily energy […]
Sri Lanka knitted fabric maker cuts losses
Nov 06, 2012 (LBO) – Sri Lanka’s Hayleys MGT Knitting Mills Plc, knitted fabric marker said it has cut losses and improved gross margins after going through a restructuring process over the past year. The firm which files US dollar denominated accounts and statements translated into rupees, lost 43 million rupees in the September 2012 […]
‘s begging wild elephants: making it safer for man and animal
Nov 06, 2012 (LBO) – Feeding of begging wild elephants in Sri Lanka’s Udawalawe National Park, can be made safer for both man and animal if it is formalized as a supervised process, where fees are charged, a wildlife enthusiast has suggested. S M S Senadhipathi, a wildlife enthusiast says though elephants lining up for […]
Heist Fine
COLOMBO, Nov 5, 2012 (AFP) – A Chinese man who swallowed a fake stone in a daring bluff that allowed an accomplice to get away with a real diamond pleaded guilty Monday to aiding theft and was given a fine and two-year suspended jail term. Colombo chief magistrate Rashmi Singappuli ordered the 32-year-old man to […]
Fashion Trend
Nov 06, 2012 (LBO) – Sri Lanka’s Odel Plc, a 44 percent owned by Parkson Retail Asia said profits fell 15 percent to 104 million rupees, from a year earlier as a higher interest bill hit the bottom line though revenues continued to grow. The fashion retailer reported earnings of 72 cents per share for […]
Sri Lanka stocks close 0.31 pct higher
November 06, 2012 (LBO) – Sri Lanka stocks closed 0.31 percent higher Tuesday on the back of gains by John Keells Holdings. The Colombo All Share Index closed 17.28 points higher at 5,556.59 up 0.31 percent and the S & P SL 20 Index closed 7.23 points higher at 3012.98 up 0.24 percent. The day’s […]
Sri Lanka Bank of Ceylon to sell 16-pct 5-year bonds
Nov 06, 2012 (LBO) – Sri Lanka’s state-run Bank of Ceylon is offering 5-year bonds with a fixed rate of up to 16.0 percent a year and a floating rate based on a premium to the six month Treasury bill yield, an offer document said. The securities have been rated AA(lka) by Fitch, a notch […]
Sri Lanka exports, imports fall, trade gap shrinks September
Nov 05, 2012 (LBO) – Sri Lanka’s exports fell 6. 6 percent to 801.5 million US dollars in September 2012 from a year earlier while imports fell at a faster 25.4 percent to 1.31 billion US dollars, official data showed. Sri Lanka ran into a balance of payments crisis from mid 2011 when authorities printed […]