Author: lbostgadmin
Sri Lankan tourism goes wild in September
Aug 25, 2011 (LBO) – Sri Lanka tourism sector would promote and showcase its wildlife assets in September to attract nature loving tourists with the largest gathering of Asian elephants also taking place during the month. Sri Lanka is only 140 miles across. These include the elephant, sloth bear, leopard and several species of whales […]
Rocky Tale
Aug 25, 2011 (LBO) – Bunkering at Hambantota port in Sri Lanka’s South is to start next month after spending 40 million dollars to demolish a rock blocking the entrance, a media report said. “This rock was identified before we started the port construction,” Sri Lanka Ports Authority Chairman Priyath Wickrama was quoted as saying […]
Cost Account
Aug 25, 2011 (LBO) – Sri Lanka’s Hambantota port needs extra loans of 147.9 million dollars to cover equipment including cranes, cost escalations in building the port, and digging the basin and entrance channel, the island’s state-run ports agency said. Responding to media reports and critics, Sri Lanka Ports Authority said the port in the […]
Supply Vessels
Aug 25, 2011 (LBO) – Sri Lanka’s Colombo Dockyard has won a deal from a Singapore-based owner to build four 78-metre Multipurpose Platform Supply Vessels (MPSVs) each with a 3,600 tonne deadweight capacity. “The latest additions to the Colombo Dockyard’s shipbuilding order book will take the shipyard through the years 2012, 2013 and 2014 with […]
Sri Lanka stocks end up 0.4-pct
Aug 25, 2011 (LBO) – Sri Lankan share prices closed higher Thursday as some buying interest returned after four days of losses, brokers said. The main All Share Price Index closed at 6,839.20, up 0.39 percent (26.49 points) while the more liquid Milanka index rose 0.51 percent (31.72 points) to close at 6,225.03, according to […]
Sri Lanka cement crisis continues amid price controls
Aug 24, 2011 (LBO) – Sri Lanka’s construction industry is facing a shortage of about a million 50 kilogram sacks of cement a month, a media report said as price controls limit supplies and threaten the island’s construction sector. Amid the shortages created by price controls, state enterprises have got into the act like in […]
” beyond 16-year high
HONG KONG, August 23, 2011 (AFP) – Hong Kong’s inflation has hit a 16-year high and economists warned Tuesday there are signs it will worsen in coming months as runaway housing and food costs continue to besiege the city’s economy. Figures released in the southern Chinese territory Monday showed inflation hit 7.9 percent year-on-year in […]
Property Trend
Aug 24, 2011 (LBO) – Overseas Realty (Ceylon) Ltd, a unit of Singapore’s Shing Kwan group, is on the lookout for fresh projects as a multi tower residential development in Sri Lanka’s capital enters new phase, an official said. The group is now focusing on ‘Havelock City’ an 8-tower project in which two towers of […]
Sri Lanka July 2011 tea output falls sharply
Aug 24, 2011 (LBO) – Sri Lanka’s July 2011 tea production fell sharply from a year ago, owing to erratic weather conditions, reducing total crop for the year so far to slightly below that of the same 2010 period. Sri Lanka Tea Board statistics showed the July 2011 crop fell 11.5 percent to 24.2 million […]
Port Parley
Aug 24, 2011 (LBO) – An international conference on ports opened in Sri Lanka Wednesday with the head of its port authority saying ports need to urgently need to expand capacity to cope with increasing trade flows. “Global trade is bouncing back (from recession) and there’s a continuous need to enhance port capacity,” Priyath Wickrama, […]
Sri Lanka stocks end down 0.7-pct
Aug 24, 2011 (LBO) – Sri Lankan share prices closed lower for the fourth straight day Wednesday, with trading mainly on speculative stocks while there were a few off-market private deals, brokers said. There were also two crossings of John Keells Holdings of 100,000 shares each one at 212 rupees and the other at 208 […]
Sri Lanka T-bill yields flat amid lower acceptance
Aug 24, 2011 (LBO) – Sri Lanka’s Treasury bill yields were held flat across maturities with only 64 percent of the offer sold to real bidders at Wednesday’s auction, according to data released by the government’s debt office. In bond markets, a 2015 bond which rose as high at 8.60 percent earlier in the week […]