Author: lbostgadmin
Sri Lanka tea estate export unit in profits
Sep 04, 2012 (LBO) – BPL Teas (Pvt) Ltd, a tea marketing unit of Sri Lanka’s Metropolitan group Bogawantalawa Estates Plc, has started making profits, chairman D J Ambani told shareholders. The tea growing parent firm said it lost money in tea with a 365 million rupee loss for the year partly due a steep […]
Sri Lanka Brandix apparels cuts eco impact, sets new targets
Sept 04, 2012 (LBO) – Sri Lanka’s Brandix apparel group said it had set a target to cut its environmental impact by 20 percent in the next eight year after reaching an earlier milestone ahead of schedule. The firm had recycled 961,000 cubic metres of water or 44 percent of its total intake and collects […]
Sri Lanka warns citizens against travel to Tamil Nadu
Sep 04, 2012 (LBO) – Sri Lanka has advised citizens not to travel to India’s Tamil Nadu state following a series of incidents which culminated in a group of pilgrims being forced to take refuge in a Catholic Church after they were mobbed. Jayalalithaa has objected to members of Sri Lanka’s military being trained in […]
Sri Lanka stocks close up 1.5-pct
Sept 04, 2012 (LBO) – Sri Lanka stocks closed up for the fifth straight day gaining 1.5 percent with retail buying support and plantations related stocks moving up, brokers said. The Colombo All Share Price Index closed at 5,379.22 up 76.23 points and the S&L SL20 closed up 1.16 percent at 2,931.4 gaining 33.5 points. […]
Sri Lanka US$450mn tower block by India group to have 88-storeys
Sept 03, 2012 (LBO) – A real estate project by India’s Krrish group in the heart Sri Lanka’s capital Colombo will have four towers including an 80 storey one sitting on a 10-storey podium block, the island, investment promotion agency said. State land around ‘Transworks House’ a British colonial era administration building will be given […]
Market Eye
Sept 03, 2012 (LBO) – Lanka IOC, a unit of Indian Oil Corporation said it had exported 118. 6 million US dollars of ‘SERVO’ branded lubricants and was planning to boost foreign sales further in the current year. …[I]t has been decided to further expand our business to South-East Asian countries by appointingLube Distributors in […]
Sri Lanka Heritance bags green tourism awards
Sept 03, 2012 (LBO) – Sri Lanka’s Heritance Hotels and Resorts, a brand of the island’s Aitken Spence group has won top green awards at a competition organized by the state tourism promotion agency. The awards for best employee of the year, and best restaurant manager of the year went to Kumara Karunaratne and Tushara […]
Capital Tower
Sept 02, 2012 (LBO) – India’ Krrish group, which has interests in alcohol and real estate is in a deal with Sri Lanka to build a 460 million US dollar tower with land leased from the state, a media report said. The newspaper quoted documents as saying that the Indian firm will “offer the Central […]
Sri Lanka state carrier in paperless flight deck ops, PNB
Sept 01, 2012 (LBO) – State-run SriLankan Airlines said it was moving to paperless flight deck operations dropping printed manuals in favour of an electronic flight bag (EFB) based on a mobile electronic device and new navigation procedures. “SriLankan has taken the lead in Asia to revolutionise the flight deck, realising the vision of paperless […]
Sri Lanka Taj unit expects strong demand
Sept 01, 2012 (LBO) – Taj Lanka Hotels, a unit of India’s Taj Hotels and Resorts is expecting strong demand for hotel rooms in the next few years despite a number of new properties coming up as tourism arrivals continue to grow. Chairman Raymond Bickson, told shareholders that expert forecasts indicate the demand for hotel […]
Tightly Managed
Aug 31, 2012 (LBO) – Profits at Sri Lanka’s Standard Chartered Bank unit rose 20. 9 percent to 1.52 billion rupees in the six months to June 2012 from a year earlier, helped by a surge in forex income, published accounts showed. Total performing loans rose only 5.9 percent to 46.8 billion rupees in the […]
Sri Lanka consumer prices rise 9.5-pct to August
Aug 30, 2012 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 9. 5 percent in August 2012 from a year earlier, easing slightly from 9. 8 percent in July, with the index falling in absolute terms in the month, the state statistics office said. The Colombo Consumer Price Index fell 0. 6 percent […]