Author: lbostgadmin
Load Level
Jan 19, 2012 (LBO) – Sri Lanka’s road development agency has allowed heavy vehicles to use the island’s first expressway opened late last year linking the capital Colombo with the southern town of Galle. Trucks with containers and other goods will be allowed to use the southern expressway along with buses, Road Development Authority director […]
Rail Support
Jan 19, 2012 (LBO) – IRCON International Ltd, an Indian company in railway infrastructure, has completed and handed over part of a rail track in southern Sri Lanka that is being upgraded with Indian aid. The formal hand over of th completed section of the Galle-Hikkaduwa railway track was made Thursday by S M Krishna, […]
Sri Lanka shares end down one-pct
Jan 19, 2012 (LBO) – Sri Lankan shares slumped again Thursday as selling pressure continued despite the regulator agreeing to demands from stock brokers to lend more money to buy stocks, brokers said. PC Pharma which began trading this week closed at 54.60 rupees, up three rupees, with a million shares crossed at 52 rupees […]
Sri Lanka Treasuries yields flat
Jan 19, 2012 (LBO) – Yields on Sri Lankan Treasury Bills remained mostly flat at Wednesday’s auction for the fourth consecutive week, with 12,693 million rupees of bills sold, the state debt office said. The 3-month yield fell one basis point to 8.67 while the 6-month yield stayed at 8. 71 percent and the 12-month […]
Sri Lanka urged to use Senegal duty free market access
Jan 18, 2012 (LBO) – Sri Lankan apparel exporters can use duty free trade deals and cheap labour in the West African state of Senegal to gain access to markets in North America, the Ministry of Industry and Commerce said. A statement quoted Amadou Moustapha, newly appointed Ambassador of Senegal to Sri Lanka, as saying […]
Wiki Protest
Jan 18, 2012 (LBO) – Wikipedia will be blacked out from 5. 00 UTC (10.30 am Sri Lanka time) protesting two proposed laws in the US which it says will “would seriously damage the free and open Internet” if implemented. Reports said President Obama may veto both bills. “It is the opinion of the English […]
‘s Galle literary festival starts Wednesday
Jan 18, 2012 (LBO) – Sri Lanka’s HSBC Galle Literary festival kicks off Wednesday with award winning writers, historians and poets from Canada, England, Germany, India, Ireland, Palestine, Singapore, United States and Sri Lanka taking part. Organizers are expecting more visitors to the festival this year with a new expressway cutting down travel time to […]
Leasing Trend
Jan 18, 2012 (LBO) – People’s Leasing Co. , Sri Lanka’s largest leasing company, said net profit in the December 2011 quarter rose 46 percent to 832 million rupees from a year ago. December 2011 quarter revenue rose 65 percent to 4. 2 billion rupees from a year ago while earnings per share rose 53 […]
Sri Lankan shares slump 1.3-pct
Jan 18, 2012 (LBO) – The slide in Sri Lankan shares deepened Wednesday, despite the regulator allowing brokers to lend more money to buy stocks, brokers said. Newly listed Asia Asset Finance was the most actively traded stock and the day’s second biggest loser, closing at 5. 50 rupees, down three rupees with 21.1 million […]
Sri Lanka mulls bond indices
Jan 18, 2012 (LBO) – Sri Lanka’s NDB AVIVA Wealth Management is working with India’s CRISIL rating and research agency to create indices to measure the performance of fixed income securities in the island. Experts from CRISIL, a subsidiary of Standard and Poor’s, have already analyzed data from the Sri Lanka’s government security market and […]
Sri Lanka in deals with Qatar sovereign fund, real estate unit
Jan 18, 2012 (LBO) – Sri Lanka has signed co-operation deals with Qatar Holdings LLC, a sovereign wealth fund and its wholly owned real property unit following a visit to the island by the emirate’s ruler, the foreign ministry said. Qatar Diar Real Estate Investment Company has signed a deal with Sri Lanka’s Board of […]
Bilateral Links
Jan 17, 2012 (LBO) – Sri Lanka and India have signed an agreement to set up a mechanism of technical and institutional cooperation in telecommunications. The memorandum of understanding is between the Telecom Regulatory Authority of India (TRAI) and Telecommunication Regulatory Commission of Sri Lanka (TRCSL). The deal was signed during a visit to the […]