Author: lbostgadmin
Logistics Link
May 31, 2010 (LBO) – Sri Lanka’s Chartered Institute of Logistics and Transport (CILT) is to function under the Ceylon Chamber of Commerce (CCC), the island’s oldest business chamber, as it launched a corporate membership drive, a statement said. The CILT has entered into an agreement with the CCC which enables the institution to function […]
Sri Lanka shares end 0.33-pct down
May 31, 2010 (LBO) – Sri Lankan stocks closed lower Monday, with trade driven by retail investors and foreigners largely staying out of the becalmed market, brokers said. The All Share Price Index closed at 4,237.16, down 0.33 percent (13.83 points) while the more liquid Milanka index fell 0. 08 percent (3.95 points) to close […]
” rating confirmed
May 31, 2010 (LBO) – Fitch Ratings said it had confirmed an ‘AA-(lka)’ rating on Sri Lanka’s Hayleys Ltd, on expected higher profitability of operating subsidiaries though its debt has increased due a recent purchase of a hotel. “Weak global economic conditions and currency fluctuations, especially with a weaker Euro, can exert pressure on the […]
Sri Lanka ex-Tiger combatants in apparel jobs: report
May 30, 2010 (LBO) – Sri Lanka’s Tri-Star Apparel Exporters group has recruited a batch of ex-Tamil Tiger combatants to work at its garment factories and has expressed willingness to employ more, a media report said. There had been fears of Sri Lanka losing competitiveness as well as loss of trade concessions from Europe later […]
Sri Lanka flights to start in June says Dubai budget carrier
May 30, 2010 (LBO) – Dubai-based budget carrier Flydubai will fly to Sri Lanka’s capital Colombo from June 23, offering one way tickets starting from 13,000 Sri Lanka rupees, media reports and the company website said. The airline is offering a Dubai-Colombo fare for 450 UAE dirhams (1 UAD Dirham = 31.1 Sri Lanka rupees). […]
”
NEW DELHI, May 30, 2010 (AFP) – Sanjay Malhotra, the owner of an Indian travel company, knows his target market — so he seeks out and recruits gay-friendly guides, taxi drivers and hotel managers. “Nobody who works for me laughs or passes a silly remark if two men are obviously partners. They treat gays as […]
Standard Chartered raises 530 million dollars in India
MUMBAI, May 30, 2010 (AFP) – British bank Standard Chartered on Sunday said it had raised 530 million dollars through a first-of-a-kind sale of shares in India. The lender, which makes most of its profits in Asia, will issue 240 million Indian Depository Receipts (IDRs) at a price of 104 rupees each, the bank said […]
Leaking Profits
SINGAPORE, May 30, 2010 (AFP) – Entrepreneur Binod Hariharan has big plans for his southern Indian firm, which develops astrology-based computer software to help users find a suitable spouse or plot their career paths. Similarly ambitious is Somporn Maneeratanakul, managing director of Thai Software Enterprises, and Nguyen Minh Duc, director of BKIS Security, a Vietnamese […]
” cheers up crisis-hit Latvia
RIGA, May 29, 2010 (AFP) – Decked out in pink, their locks glinting in the sunshine, hundreds of blondes marched arm-in-arm through the Latvian capital Riga Saturday, in a bid to raise spirits in the slump-stricken Baltic state. Tourists and locals marvelled as more than 800 blondes wove their way through the streets for the […]
” Clinton
WASHINGTON, May 28, 2010 (AFP) – US Secretary of State Hillary Clinton said Friday the Sri Lankan postwar reconciliation panel “holds promise” as she pressed for it to have enough powers to pursue claims of wartime atrocities. “I think this commission holds promise and we hope and expect that it will fulfill that promise,” Clinton […]
‘s northeastern coastline
SINGAPORE, May 29, 2010 (AFP) – An oil slick from a damaged tanker has spread from beaches on Singapore’s southeastern coastline to a marine nature reserve and other beaches, environment officials said Saturday. “Definitely, where we’re talking about Changi Beach and Chek Jawa, these areas have a high level of biodiversity,” said Louis Ng, executive […]
Sri Lanka needs to contain deficit for long term growth: ADB chief
May 28, 2010 (LBO) – Sri Lanka has to contain its fiscal deficit to sustain growth and maintain stability as the country emerges from a 30-year conflict and rebuilds war damaged infrastructure, Asian Development Bank President Haruhiko Kuroda said. In 2009, Sri Lanka’s deficit expanded to 9.8 percent of gross domestic product overshooting a 7.0 […]