Author: lbostgadmin
Lucky Strike
People’s Leasing Co. Ltd has struck a deal with India’s Ashok Leyland to import commercial vehicles for its customers. People’s Leasing Co. Ltd has struck a deal with India’s Ashok Leyland to import commercial vehicles for its customers. The one-year deal allows PLC to open letters of credit up to Rs.3 billion, the firm’s Chief […]
‘s post-tsunami tourism revival
BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed by this month’s violence that killed more than 80 people and fuelled fears of a return to war, officials say.BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed […]
Brotherly Act
Sampath Bank said Friday it has infused more capital into Union Bank which will raise its stakes from 16 to 24 percent. Sampath Bank said Friday it has infused more capital into Union Bank which will raise its stakes from 16 to 24 percent. With an extra Rs. 100 million capital infusion, Union Bank now […]
Year end GDP growth tipped at 5.5 %
Sri Lanka’s Central Bank on Friday opted to go with a 5.5 percent GDP growth projection for 2005, from the earlier forecasted 5 percent to 5.5 percent range. Sri Lanka’s Central Bank on Friday opted to go with a 5.5 percent GDP growth projection for 2005, from the earlier forecasted 5 percent to 5.5 percent […]
India to finance Colombo-Matara rail and a coal power plant
India to finance the Colombo-Matara rail network and a coal power plant in Trincomalee.India to finance the Colombo-Matara rail network and a coal power plant in Trincomalee. “It was noted that India has made an initial allocation of a Credit Line of US$ 100 million for the integrated development of the Colombo – Matara rail […]
Sri Lanka posts post-tsunami growth
Sri Lanka’s economy grew 6.4 percent in the third quarter 2005 on a rebound in the services and industries sectors, improving form the 6 percent growth recorded in the second quarter.Sri Lanka’s economy grew 6.4 percent in the third quarter 2005 on a rebound in the services and industries sectors, improving form the 6 percent […]
Baby Boom
More resources needed to cope with increasing birth rates among tsunami victims in Sri Lanka’s East coast, says UNICEF.More resources needed to cope with increasing birth rates among tsunami victims in Sri Lanka’s East coast, says UNICEF. Families in the East coast that lost their children to the tsunami in December last year, are trying […]
Right Off
Shipping industry watchers say donors could be more receptive to fund the South Port project, with private port operator SAGT loosing its first right of refusal. Shipping industry watchers say donors could be more receptive to fund the South Port project, with private port operator SAGT loosing its first right of refusal. A 75 month […]
Land Sale
The Trade Ministry says NDB Stockbrokers and NDB Investment Bank would be given the task of selling prime Union Place land belonging to Co-operative Wholesale Establishment, on the stock exchange early next year. The Trade Ministry says NDB Stockbrokers and NDB Investment Bank would be given the task of selling prime Union Place land belonging […]
At Sea
A long overdue project to modernize hydrographic maps of the sea around Sri Lanka has been bogged down for more than a year, after the research ship used in the venture was caught and destroyed in the December 26th tsunami.A long overdue project to modernize hydrographic maps of the sea around Sri Lanka has been […]
Pent Dreams
Sri Lanka’s John Keells Holdings said Thursday, it plans to construct a US$ 40 million luxury condominium within its existing Crescat City property, a top official said.Built through its subsidiary, Asian Hotels (Pvt) Ltd, the 35-storey tower will come up on a vacant 12 acre property adjoining the group’s city five-star, the Cinnamon Grand. Named […]
Mine blast kills 10 soldiers in Sri Lanka, market plunges
Suspected Tamil Tiger rebels killed 10 soldiers and wounded eight Tuesday when they set off a powerful landmine in northern Sri Lanka, a military official said.Suspected Tamil Tiger rebels killed 10 soldiers and wounded eight Tuesday when they set off a powerful landmine in northern Sri Lanka, a military official said. The soldiers were ambushed […]