Author: lbostgadmin
Health Business
May 16, 2011 (LBO) – Lanka Hospitals, formerly part of the Indian Apollo chain and now par-owned by India’s Fortis group, said March 2011 quarter net profit rose 81 percent to 65.2 million rupees from a year ago. The Lanka Hospitals Corporation said in a stock exchange filing sales for the quarter rose 31 percent […]
Sri Lanka Kelani Valley March net up 120-pct on high rubber prices
May 16, 2011 (LBO) – High rubber prices have helped Sri Lanka’s Kelani Valley Plantations increase March 2011 quarter net profit by 120 percent to 246 million rupees from a year ago. Earnings per share for the March 2011 quarter were 7. 24 rupees compared with 3.29 rupees the previous year. Sales of the firm, […]
Bank Numbers
May 16, 2011 (LBO) – Sri Lanka’s National Development Bank group said March 2011 quarter net profit doubled to 605 million rupees from a year ago as lending and deposits grew and it contained bad loans. Interest income fell two percent to 2.5 billion rupees while interest expenses fell four percent to 1.4 billion rupees […]
Box Trends
May 16, 2011 (LBO) – Container cargo at Sri Lanka’s main port of Colombo, south Asia transhipment hub, rose in the first quarter of this year indicating continued growth in regional and domestic trade. Ship traffic at Colombo port rose eight percent to 376 in March 2011 from a year and grew 4.3 percent to […]
Sri Lanka shares up 0.5-pct
May 16, 2011 (LBO) – Sri Lankan shares made a comeback Monday, boosted by encouraging first quarter earnings and anticipation the regulator would further relax the margin trading credit settlement period, brokers said. The main All Share Price Index closed at 7,358. 69 up 0.53 percent (38.75 points) while the more liquid Milanka index up […]
Sri Lanka Treasuries yields steady
May 16, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at the weekly auction, brought forward to Monday owing to religious holidays in the next two days, according to the government’s debt office. The yield on three-months bills edged up to 7. 07 percent from 7.06 percent, that on six month bills rose to […]
India hikes petrol price to offset crude costs
NEW DELHI, May 14, 2011 (AFP) – India’s state-owned fuel firms on Saturday hiked petrol prices by nearly nine percent to help stem revenue losses from a rise crude prices, a record rise that will fuel stubbornly high inflation. The increase marked the eighth rise in petrol prices since India’s government last June deregulated petrol […]
Australia to send newest asylum seekers offshore
SYDNEY, May 14, 2011 (AFP) – The latest boatload of suspected asylum seekers to arrive in Australia will be sent to another country for processing, the government said Saturday as it implements its controversial new policy. Immigration Minister Chris Bowen would not say where the 32 newest arrivals who landed in Australian waters late Friday […]
Sri Lanka hotels mull rupee pricing to avoid exchange rate risk
May 14, 2011 (LBO) – A volatile rupee against the Sterling Pound and Euro has made forward pricing a risky business for Sri Lanka’s tourism sector which wants to price hotels in the local currency to avoid exchange rate risk, a senior executive from John Keells Holdings said. However despite economic problems in the PIG […]
‘s Murali confirmed to play in New Zealand
WELLINGTON, May 13, 2011 (AFP) – Sri Lankan spin king Muttiah Muralitharan is to play in New Zealand’s domestic Twenty20 competition next season after a deal was confirmed with the Wellington Firebirds on Friday. Muralitharan, who holds the records for the most wickets in Tests and one-day internationals, is honouring a commitment made to former […]
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MUMBAI, May 13, 2011 (AFP) – India is opposed to extending a piracy “risk zone” to the edge of its territorial waters, the country’s maritime regulator said Friday, as pirates seek new targets beyond the Horn of Africa. The extension, brokered by the International Transport Workers Federation with ship owners and managers, came into effect […]
Sri Lanka tea prices fall again
May 13, 2011 (LBO) – Sri Lankan tea prices fell at the Colombo auctions this week mostly because of lower quality and larger volumes in some categories and while trouble in the Middle East also had some effect, brokers said. “Until such time normalcy returns to the Middle East, it is unlikely that Low Grown […]