Author: lbostgadmin
Port Saga
Jan 11, 2012 (LBO) – China Merchant Holdings (International), and state-run Sri Lanka Ports Authority may buy parts of a 30 percent stake in a container terminal project at Colombo port held by private listed Aitken Spence, a media report said. China Merchants is already the dominant partner a 55 percent stake and the SLPA […]
Sri Lanka stocks close slightly firmer
Jan 11, 2012 (LBO) – Sri Lankan stocks closed slightly firmer Wednesday, ending a six-day losing streak although turnover remained thin with a recovery in shares and warrants of a firm which has delayed conversion for the second time, brokers said. HVA Foods was also actively traded, closing at 36.50 rupees, up 10 cents. Textured […]
Sri Lanka Treasuries yields flat for third week
Jan 11, 2012 (LBO) – Sri Lanka’s Treasury bill yields were flat for the third week running, with the 3-month yield at 8.68 percent at Wednesday’s auction with 14. 7 billion rupees of bills sold, the state debt office said. The 6-month yield was at 8.71 percent and the 12-month yield was 9. 31 percent. […]
Sri Lanka expressway has upped hotel occupancy: minister
Jan 11, 2012 (LBO) – Occupancy at hotels in the southern part of Sri Lanka had increased after a new expressway cut travel time to the area, deputy economic development minister Lakshman Abeywardene said. The expressway cut travel time to Galle from the capital Colombo to less than one hour from over three hours by […]
Healthy Profile
Jan 10, 2012 (LBO) – RAM Ratings Lanka has assigned long- and short-term corporate credit ratings of A+ and P1 to Lanka Hospitals Corporation with the long-term rating having a stable outlook. “The ratings are upheld by the hospital™s strong financial profile, liquidity, ongoing state support and the positive outlook for the private healthcare industry,” […]
Sri Lanka stocks fall 0.2-pct
Jan 10, 2012 (LBO) – Sri Lankan stocks weakened for the sixth straight trading day Tuesday, with investors selling off shares and warrants of a firm which has delayed conversion for the second time, brokers said. The main All Share Price Index fell 0. 17 percent (10.03 points) to 5,862.91, while the more liquid Milanka […]
India no match for China on social indicators: Nobel laureate
PUNE, Jan 9 Asia Pulse – India is no match for neighbouring China when it comes to social development indicators, eminent economist and Nobel laureate Amartya Sen has said. “There is a huge gap there (on social front) as China is one of the best performers in terms of social indicators,” Sen said while speaking […]
Fast Links
Jan 09, 2012 (LBO) – Sri Lanka’s fast-growing information communications technology (ICT) industry is seeking lower tariffs on high-speed communications links the cost of which is still too high, officials said. “We have proposed that they have preferential tariffs for export industries.” Export earnings from the sector, which has 175 firms employing 16,000 people, are […]
Credit
Jan 09, 2012 (LBO) – Sri Lanka’s credit information office is planning to acquire software by US-based Dun & Bradstreet costing 150 million rupees as it expands coverage and services, an official said. “We expect the software to be deployed from March,” Sri Lanka Credit Information Bureau (CRIB) general manager Gamini Karunaratne said. “It may […]
Sri Lanka stocks fall almost one percent
Jan 09, 2012 (LBO) – Sri Lankan stocks fell for the fifth consecutive trading day Monday, with shares and warrants of a firm which has delayed conversion for the second time coming under selling pressure, brokers said. Commercial Bank, in which foreign investors have been selling out, accounted for the biggest turnover of the day, […]
Sri Lanka bonds yields below 10-pct ahead of maturity
Jan 09, 2012 (LBO) – Sri Lanka’s bond yield held below 10 percent for two to four years bonds ahead of a 50 billion tranche of long term government securities maturing on January 15, dealers said. A 01 March 2014 was quoted around 9.30/40 percent, a July 15, 2015 bond was quoted around 9.40/47 and […]
‘s Tata motors unveils three new models
NEW DELHI, (Asia Pulse) – Expanding its product portfolio in the sports utility and commercial vehicles segments, Indian auto major Tata Motors (BSE:500570) has showcased three new models slated for launch in the next financial year. At the 11th Auto Expo held here, the company also displayed four concept cars equipped with alternate fuel technology, […]