Author: lbostgadmin
Sri Lanka tea prices rise, crops fall
Mar 12, 2010 (LBO) – Sri Lankan tea prices rose at this week’s auction as quality improved and crops coming down owing to drought, brokers said. Prices of some varieties of ‘Western high grown’ teas cultivated on the Western slopes of the central hills rose by 15 rupees a kilo and more following quality, brokers […]
Sri Lanka Hotel Services shares traded heavily
Mar 12, 2010 (LBO) – Large parcels of Hotel Services (Ceylon), owners of Hotel Ceylon Continental, changed hands in early trade on the Colombo bourse Friday amid speculation its owner businessman Nahil Wijesuriya was selling out. The trades pushed turnover on the bourse to over two billion rupees by mid-morning, brokers said. The indices also […]
Sri Lanka Hayleys buys 51-pct stake in Hotel Ceylon Continental
Mar 12, 2010 (LBO) – Sri Lanka’s Hayleys group said it bought a 51 percent stake in Ceylon Continental Hotel Friday for 1. 8 billion rupees. Hayleys said in a stock exchange filing that under stock market rules it has to make a mandatory offer to other shareholders of Hotel Services. Updated The stake was […]
Gas Supply
Mar 12, 2010 (LBO) – The Sri Lanka Ports Authority is in talks with suppliers of liquid petroleum gas to introduce a third player in the local market once a storage terminal is built in a new port, an official said. SLPA chairman Priyath Wickrama said the LPG storage terminal would come up in the […]
Sri Lanka stocks close 0.33-pct up, Hotel Services heavy traded
Mar 12, 2010 (LBO) – Sri Lankan stocks closed up Friday as investors bought selected blue chip and midcap shares, while the sale of a controlling stake in Hotel Services pushed turnover past 2.8 billion rupees, brokers said. The All Share Price Index closed at 3,844.84, up 12.54 points, while the Milanka index of more […]
Sri Lanka gets US$250mn in loans from Japan for power, roads
Mar 11, 2010 (LBO) – Sri Lanka will get 22. 5 billion yen in loans (250 million US dollars) from Japan for hydro power, water supply and provincial road development in former war torn areas in the east, a government minister said. JICA will also loan 9,156 million yen (101 million US dollars) for 0rovincial […]
Sri Lanka tourist arrivals up 68-pct in February: data
Mar 11, 2010 (LBO) – Sri Lanka tourist arrivals surge 67.7 percent to 57,300 in February 2010 from a year earlier, with steep increases in generating markets in India, UK and Germany, official data showed. Visitors from Singapore rose 112 percent to 829. Sri Lanka has seen a surge of tourist arrivals with the industry […]
‘s consumer prices soar to 2.7-pct in February
BEIJING, March 11, 2010 (AFP) – Chinese consumer prices rose for the fourth straight month in February while new lending slowed sharply, data showed Thursday, adding pressure on Beijing to fulfill its vow to control inflation. Analysts said the jump in prices would not trigger a knee-jerk response from policymakers in the world’s third-largest economy […]
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March 11, 2010 (AFP) – Former Sri Lankan army chief and defeated presidential candidate Sarath Fonseka will face three charges in a military court, including “conduct unbecoming an officer,” a source said Thursday. “There will be three charges against him,” said the military source, who declined to be named. In addition to the “conduct unbecoming” […]
Sri Lanka Customs moves towards e-commerce
Mar 11, 2010 (LBO) – Sri Lankan importers will get an opportunity to present documents electronically to the customs by the middle of the year, the head of the Customs Department said. Sarath Jayatilleke, director-general of Customs, said the department would shift to a more advanced electronic data interchange system by June or July. “We […]
Sri Lanka shares end up 0.82-pct
Mar 11, 2010 (LBO) – Sri Lankan stocks closed firmer Thursday with interest in banking stocks mainly by institutional or high-net-worth individual investors, brokers said. Hotel Services (Ceylon) closed at 21 rupees, up one rupee, with over four million shares traded, including two blocks of 500,000 at 20 rupees a share. Janashakthi Insurance Company closed […]
Sri Lanka rejects bids at Treasuries auction
Feb 11, 2010 (LBO) – Sri Lanka has rejected all bids at the Treasuries auction Wednesday which offered to roll over 10. 5 billion rupees of maturing, bills the government’s debt office said. The central bank also mopped up 3. 6 billion rupees through a central bank securities auction where 10 billion was originally released. […]