Author: lbostgadmin
Global Member
June 07, 2010 (LBO) – Sri Lankan banker Nilam Jayasinghe, a former chief of the Sri Lanka branch of CIMA, a UK accounting body, has been elected to its global council for a three year term. Jayasinghe, who is vice president finance planning and treasury at Sri Lanka’s NDB Bank will represent South Asia in […]
Sri Lanka retail buying push shares up 1.77-pct
June 07, 2010 (LBO) – Sri Lankan stocks closed higher Monday with strong buying by retail investors pushing up blue chips and ‘mid-cap’ stocks and sending the Milanka index across the 5,000 point mark, brokers said. The All Share Price Index closed at 4,431. 32, up 1.77 percent (77.12 points) while the more liquid Milanka […]
Sri Lanka John Keells retains top rating, buoyed by container terminal
June 07, 2010 (LBO) – Sri Lanka’s John Keells Holdings has retained its ‘AAA(lka)’ rating with a ‘stable’ outlook with strong cashflows from dividends of its container terminal in Colombo port, Fitch Ratings said. “JKH’s ratings reflect its strong financial profile as a result of strong dividend inflows to its parent, significantly low net-debt level […]
Sri Lanka firms struggle with rising labour costs: reports
June 06, 2010 (LBO) – A coir factory in a coconut growing northeastern district in Sri Lanka is facing labour problems and a yet another state enterprises is facing financial difficulties, media reports said. The Sunday Times newspaper said a four year old export oriented coir factory with Indian and Israeli collaboration has run into […]
Sri Lanka aims for investment grade rating by 2013: CB Governor
June 05, 2010 (LBO) – Sri Lanka is aiming to push its speculative sovereign rating to investment grade by 2013 by fixing government finances, keeping inflation low and growth high, Central Bank Governor Nivard Cabraal said. Sri Lanka was downgraded a notch from its original rating as the country went on a deficit spending and […]
Sri Lanka to allow foreigners in domestic league
June 5, 2010 (AFP) – Sri Lanka plans to welcome foreign players to compete for the first time for local teams in a revamped Twenty20 format, a top administrator said Saturday. Modelled on the glitzy Indian Premier League (IPL), the new format is also aimed at attracting overseas sponsorship, Sri Lanka’s chief cricket selector, Aravinda […]
Sri Lanka shut India out of Tri-nations series
HARARE, June 5, 2010 (AFP) – India were shut out of the Wednesday’s Tri-nations final here Saturday when Dinesh Chandimal led Sri Lanka to victory with just 10 balls to spare. India needed a win to stay in the tournament, which would have given them them a slender chance to play in the final on […]
Sri Lanka told India ready for common standards to smoothen trade
June 05, 2010 (LBO) – India is ready to improve access for Sri Lankan goods and services to its markets by creating mechanisms like common standards and recognizing professional certifications, an Indian diplomat said. “Often, it is stated that the FTA did not address non-tariff barriers (NTBs) which restrict market access to India. Of course […]
Vietnam trade delegation visits Sri Lanka
June 05, 2010 (LBO) – A trade delegation from Vietnam headed by the country’s vice trade minister will visit Sri Lanka next week and also form a joint business council with the island’s Ceylon Chamber of Commerce. In the delegation would be representatives from Vietnam National Coal-Mineral Industries group, a mining, exploration mineral trading and […]
Winning Track
June 4, 2010 (AFP) – Megastar Aamir Khan’s hit movie “3 Idiots” is set to sweep the board at the “Bollywood Oscars” in Sri Lanka this weekend, after scooping a string of awards in the technical categories. The film — a coming-of-age comedy about three struggling students at a top engineering college — has been […]
Comedy Hit
June 4, 2010 (AFP) – Megastar Aamir Khan’s hit movie “3 Idiots” is set to sweep the board at the “Bollywood Oscars” in Sri Lanka this weekend, after scooping a string of awards in the technical categories. The film — a coming-of-age comedy about three struggling students at a top engineering college — has been […]
Sri Lanka and India should move for closer economic ties: president
June 04, 2010 (LBO) – Sri Lanka and India have an opportunity to move towards closer economic ties as the end of a 30-year war opened up new opportunities, Sri Lankan President Mahinda Rajapaksa said. “We have a common heritage in trading with each other and the rest of the world,” President Rajapaksa told a […]