Author: lbostgadmin
Sri Lanka shares close 0.4-pct higher
Feb 24, 2011(LBO) – Sri Lankan stocks closed 0.46 percent up with retail investor interest seen in Piramal Glass Ceylon and oil palm firms, brokers said. The All Share Price Index closed at 7,583.42, up 0.46 percent (34.56 points) while the Milanka Price Index of more liquid stocks closed at 7,176.06, down 0.07 percent (05.07 […]
Sri Lanka looks to evacuate 1,200 in Libya as Asian nations pull out citizens
NEW DELHI, February 23, 2011 (AFP) – Asian nations on Wednesday prepared evacuation plans for more than 100,000 migrant workers trapped in Libya, many of them low-paid labourers toiling on construction sites. Arrangements to use passenger ships, planes and land routes to Egypt were being considered by governments as they try to secure their citizens’ […]
Market Risk
HONG KONG, February 23, 2011 (AFP) – Asian stock markets fell further and oil remained high on Wednesday as the leader of major crude exporter Libya warned he would fight “to the last drop of my blood”. Gold opened at $1,397-$1,398.00 an ounce by the close in Hong Kong, up from Tuesday’s finish of $1,400.00-$1,401.00. […]
Sri Lanka eye return to Pakistan – cricket official
HAMBANTOTA, February 23, 2011 (AFP) – Pakistan’s cricketing isolation could end in October if Sri Lanka, who were targeted in a deadly terror attack in Lahore two years ago, agree to tour the troubled country. Sri Lankan officials said Wednesday they were in talks with the International Cricket Council’s Pakistan Task Team (PTT) to explore […]
Sri Lanka, India ferry not seen hitting airlines
Feb 23, 2011 (LBO) – The resumption of ferry links between India and Sri Lanka after a war is not likely to affect air lines, especially budget carriers, at least initially, officials and analysts said. The ferry services are likely to cater to a different market than airlines unless or until voyages quicker than the […]
Sri Lanka elephant paintings on sale at national carrier
Feb 23, 2011 (LBO) – Sri Lanka’s state-run national carrier SriLankan airlines said it will sell paintings by an elephant through the in flight duty free sales collection. The paintings are drawn by Sindu an elephant at the Temple of the Tooth Relic in the central Sri Lankan city of Kandy. The elephants paints with […]
Tele Profits
Feb 23, 2011 (LBO) – Sri Lanka Telecom said it made a profit of 1,542 million rupees in the December quarter from a loss of 379 million rupees a year earlier, helped by a turnaround of its mobile unit, while revenues rose 6 percent to 12. 9 billion rupees. Malaysia’s UT group owns 49.8 percent […]
Mobile Profits
Feb 23, 2011 (LBO) – Sri Lanka’s Mobitel, a unit of Sri Lanka Telecom said it had made profit after tax of 1. 51 billion rupees (13.7 million US dollars) in the year to December 2010 turning around from a loss of 395 million a year earlier. Sri Lanka’s telecom regulator put in floors to […]
Merchant Profits
Feb 23, 2011 (LBO) – Merchant Bank of Sri Lanka (MBSL), a unit of state-run Bank of Ceylon said group profits for December 2010 rose 243 percent on wider interest margins and higher non-operating incomes. MBSL, which also has a finance company, an insurer and a savings bank under its wing said group revenues rose […]
Sri Lanka shares close 0.4-pct higher
Feb 23, 2011(LBO) – Sri Lankan stocks closed 0.45 percent up with retail investor dominated trading and some interest seen in the poultry and index heavy shares, brokers said. The All Share Price Index closed at 7,548.86, up 0.45 percent (34.12 points) while the Milanka Price Index of more liquid stocks closed at 7,181. 13, […]
Sri Lanka Treasuries yields ease
Feb 23, 2011 (LBO) – Sri Lanka’s Treasuries yields eased at the weekly auction with the government rolling over 11 billion rupees in maturing bills, a statement said. The government sold 2.0 billion rupees of 3-month bills, 3.5 billion rupees of 6-month bills and 5.5 billion rupees of 12-month bills. The government’s debt office which […]
Sri Lanka airline caterer says 9-month profits up 40-pct
Feb 22, 2011 (LBO) – Sri Lankan Catering, a unit of state-run SriLankan Airlines, a firm slated for a public listing said profits for the 9-months to December 2010 rose 40 percent to 640 million rupees. SriLankan Catering also runs an industrial laundry facility in Katunayake and a 24-roomed transit hotel at the airport. Last […]