Author: lbostgadmin
IMF sells two tonnes of gold to Mauritius
WASHINGTON, November 17, 2009 (AFP) – The International Monetary Fund announced Monday it has sold two tonnes of gold to the central bank of the Indian Ocean island of Mauritius for nearly 72 million dollars.The sale came as gold prices surged Monday to an all-time high of 1,136.72 dollars per ounce. The sale to Mauritius […]
Sri Lanka lifted by Dilshan century in India Test
AHMEDABAD, November 17, 2009 (AFP) – Tillakaratne Dilshan smashed his fifth century of the year as Sri Lanka made a spirited reply in the first Test against India here on Tuesday. Dilshan hit 112, his 10th Test hundred, as Sri Lanka cruised to 275-3 by stumps on the second day in reply to India’s first […]
Military Ward
November 17, 2009 (LBO) – A hospital built by India’a Apollo chain that is now under Sri Lankan government control is to offer beds to military personal to become more socially equitable, a senior official said. The Apollo Hospital in Colombo was renamed Lanka Hospitals after it ended its licensing and support services agreement with […]
Sri Lanka Maskeliya Plantations hit by wage hike
Nov 17, 2009 (LBO) – Sri Lanka’s Maskeliya Plantations said it slipped into the red in the September 2009 quarter after costs shot up following a wage hike wrested by estate labour unions. Maskeliya Plantations said half of the wage arrears is to be paid in October 2009 while 25 percent each is payable in […]
Sri Lanka Carson Sept net buoyed by palm oil
Nov 17, 2009 (LBO) – Sri Lanka’s Carson group said net profit for the September 2009 quarter almost doubled from a year ago mainly on strong contributions from its palm oil plantations in east Asia. The company said in a stock exchange filing that September 2009 quarter net profit shot up 93 percent to 609 […]
Sri Lanka coconut exporter seeks funds to expand
Nov 17, 2009 (LBO) – Sri Lanka’s Renuka Agri Foods, part of the Renuka group, said it plans to raise funds through a public offer to expand production and exports and repay debt.The firm, which exports branded coconut products, will issue 120 million shares at 2.25 rupees each to raise 270 million rupees. The shares […]
Sri Lanka links dairy farmers through mobile phone
Nov 17, 2009 (LBO) – Sri Lanka is to launch a programme that will use mobile phones to help dairy farmers, a government official said.Chitranganie Mubarak, Senior Programme Head – e-Society, of the Information Communications Technology Agency (ICTA), said the ‘e-Dairy project’ is part of the agency’s ‘e-Society programme’ to take the benefits of ICT […]
Sri Lanka tourism offers chance for quick post-war jobs: report
Nov 17, 2009 (LBO) – Post-war Sri Lanka has an opportunity to generate employment quickly by developing tourism to ensure employment for youth especially in conflict-affected areas, a new report said.The study by the US Agency for International Development (USAID) said it was important to initiate efforts that would have a “tangible impact’ on target […]
Finance Loss
Nov 17, 2009 (LBO) – Sri Lanka’s The Finance Company, a firm being re-structured under regulatory supervision, said it lost 835 million rupees in the September quarter, while interest income fell 37 percent to one billion rupees. The Finance, a member of the troubled Ceylinco group, is a registered finance company and is under supervision […]
Sri Lanka stocks barely changed
Nov 17, 2009 (LBO) – Sri Lankan shares ended barely changed Tuesday with trading boosted by off-the floor deals in Commercial Bank and in the overall market foreigners being net sellers, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index closed […]
Sri Lanka rupee opens stronger
Nov 17, 2009 (LBO) – Sri Lanka’s rupee opened stronger against the US dollar with a state bank that usually acts for the monetary authority buying at 114.25 Tuesday up from yesterdays 114.35 levels, dealers said. Sri Lanka’s rupee was pegged at 114.80 levels for most of the year following float in March that got […]
Sri Lanka issues new commemorative note
Nov 17, 2009 (LBO) – Sri Lanka has issued a commemorative note featuring President Mahinda Rajapaksa, key turning points in a military victory over Tamil Tiger separatists, and the country’s unitary status, the Central Bank said.The theme of the obverse of the note is “one country and one nation in harmony, progressing towards prosperity” led […]