Author: lbostgadmin
Sri Lanka tea output to November 2008 ahead of year before
Jan 07, 2009 (LBO) – Sri Lanka’s tea production up to November last year was almost 300 million kilos, well ahead of the year before, according to statistics released by the Sri Lanka Tea Board. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The increase came mainly […]
Wide Interest
Jan 07, 2008 (LBO) – Five potential investors have expressed interest in Sri Lanka’s Seylan Bank including two foreign buyers, after its controlling Ceylinco group said it would sell its stake, an official said. Pasqual says he expects the Ceylinco group to sell its entire holdings, which will give the new owner control of the […]
Sri Lanka shares barely changed in thin trade
Jan 07, 2009 (LBO) – Sri Lankan shares ended marginally firmer Wednesday with volumes falling even further and speculative trading in Lanka Cement which said it had resumed cement sales. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index edged up 0.04 percent […]
Sri Lanka bond rates ease amid flight to quality
Jan 07, 2008 (LBO) – Sri Lankan gilts edged lower amid a flight to quality and excess liquidity in the inter bank market, as well as lower inflation expectations for the current year, dealers said. A bond maturing in April 01, 2012 fell from the auction level of 20.02 percent to 19.80 percent levels and […]
Sri Lanka foreign reserves at US$2,030mn in November
Jan 07, 2008 (LBO) – Sri Lanka’s foreign reserves fell to 2,030 million US dollars in November 2008, from 2,374 million in October, which was enough to cover 1.7 months of imports, the Central Bank said.The gross reserves before the Asian Clearing Union (ACU) balance was 2,608 million US dollars which was enough to finance […]
Sri Lanka offers govt. securities to expatriate workers
Jan 07, 2009 (LBO) – Sri Lanka has appointed five domestic banks and a primary dealer of government securities as lead managers to sell gilts to expatriate citizens, the Central Bank said in a statement. The six lead managers are Bank of Ceylon, Commercial Bank, National Savings Bank, NatWealth Securities Ltd., People’s Bank and Sampath […]
Sri Lanka private TV station attacked
Jan 06, 2009 (LBO) – An independent privately-owned TV station in Sri Lanka was attacked by an armed gang who stormed its main studio complex in the outskirts of the capital Colombo, an official said.An MTV employee said a group of around dozen or more persons had arrived in a white van around 2.00 am, […]
Attack on Sri Lanka broadcaster is criminal: United States
Jan 06, 2008 (LBO) – The United States has strongly condemned an attack on an independent broadcaster in Sri Lanka by a heavily armed group that stormed its main studio facilities and called for swift investigation. A similar raid was conducted by a group of armed men against the independent The Sunday Leader newspaper, who […]
Sri Lanka business chambers condemn attack on TV station
Jan 06, 2009 (LBO) – Sri Lanka’s top business chambers condemned an attack on a private television station, saying the government’s credibility is at stake if it failed to bring the culprits to justice and prevent further attacks. The Ceylon Chamber of Commerce and Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) […]
Sri Lanka urged by UK to set out political solution to conflict
Jan 06, 2009 (LBO) – The British government has urged Sri Lanka to urgently draw up a political solution to the ethnic crisis following the fall of a key Tamil Tiger rebel stronghold to the army.“This is the only way to achieve a strong and sustainable peace in Sri Lanka in which all communities can […]
‘s Dilshan fires team to record Test win
CHITTAGONG, January 6, 2009 (AFP) – Tillakaratne Dilshan gave a superb all-round performance to power Sri Lanka to a record 465-run victory over Bangladesh in the second and final Test here on Tuesday.It was the fifth-largest win by runs in the history of the game. It was also Sri Lanka’s biggest victory in 182 Tests […]
Sri Lanka Ceylinco Insurance says life premium up 20-pct
Jan 06, 2009 (LBO) – Sri Lanka’s Ceylinco Insurance Company said premium income at its life division rose 20.37 percent to 7.4 billion rupees in the 12 months to November, 2008. Benefits paid out to policyholders exceeded two billion rupees in the first 11 months of 2008, while the company’s solvency margin remained at five […]