Author: lbostgadmin
‘s Aitken Spence buys hotel in India
June 11, 2014 (LBO) – Sri Lanka based Aitken Spence group said it had bought a new 143-room ‘five star’ graded hotel in Chennai, India for 25 million US dollars.The acquisition was made through Aitken Spence Hotel Managements (South India) Private Limited, the company said in a stock exchange filing. The Indian arm was 49 […]
‘s second tourist market
June 13, 2014 (LBO) – China overtook the United Kingdom to become the second largest source of tourists to Sri Lanka in May 2014 and is now second only to India, official data showed. Chinese have been travelling out in greater number in the past few years as the country followed sound monetary policy and […]
Sri Lanka shares close up 0.7-pct
June 13, 2014 (LBO) – Sri Lanka’s shares closed 0.70 percent higher on Friday ending the week on a strong note, brokers said. Nestle Lanka closed 47.10 rupees higher at 1,997.00 rupees and Sri Lanka Telecom closed 1.10 rupees higher at 48.00 rupees, contributing most to the index gain. Lanka Orix Leasing Company closed 3.50 […]
Sri Lanka to get US$1.4bn from ADB over four years
June 12, 2014 (LBO) – Sri Lanka will get 1.4 billion US dollars from the Asian Development Bank over the next four years to finance health, sanitation education and energy, officials said.In 2014 ADB is expected to disburse 406 million US dollars for ongoing projects. “ADB remains active in Sri Lanka and we want to […]
Sri Lanka journalists fear new government crackdown
COLOMBO, June 11, 2014 (AFP) – Sri Lankan media rights activists Wednesday accused the government of a new crackdown against reporters as the country faced a UN-led international war crimes probe. Dozens of pro-government supporters threatened violence and broke up an investigative journalism training workshop at the weekend, said Transparency International Sri Lanka (TISL) which […]
‘s vulnerability to foreign debt
June 11, 2014 (LBO) – Sri Lanka may be more vulnerable to foreign debt than generally believed, amid rising foreign borrowings by both the state, state enterprises and also private entities, economists have said.Harsha de Silva, an economist and legislator said when parameters developed by UN’s Economic and Social Commission for Asia and the Pacific […]
Cricket: New-look England seek home comfort against Sri Lanka
LONDON, June 11, 2014 (AFP) – England will look to put the memory of their 5-0 Ashes drubbing in Australia behind them and prove there is Test life beyond Kevin Pietersen when they face Sri Lanka in the first of a two-match series at Lord’s on Thursday. What the run-out row also did was obscure […]
Emirates cancels order for 70 Airbus planes
PARIS, June 11, 2014 (AFP) – Emirates airline announced on Wednesday that it had cancelled an order for 70 long-haul A350 planes from European manufacturer Airbus.The decision was taken following “on-going discussions with the airline in light of their fleet requirement review”, Airbus said on Wednesday. Airbus added that it was still very confident in […]
Awarded
June 11, 2014 (LBO) – MindShare Sri Lanka, a GroupM agency, said it had won silver at GoaFest2014 for an advertisement of Sunlight, a product of Unilever. The advertising festival is organized Advertising Agencies Association of India (AAAI) and The Advertising Club. Mindshare Sri Lanka, had won Silver in the ˜Best Integrated Campaign for the […]
Sri Lanka shares close flat
June 11, 2014 (LBO) – Sri Lanka’s shares closed flat on Wednesday despite strong foreign buying, brokers said. Lanka Orix Leasing Company closed 2.30 rupees higher at 87.30 rupees and Lion Brewery Ceylon closed 7.90 rupees higher at 433.00 rupees. John Keells Hotels closed 40 cents higher at 15.30 rupees and Aitken Spence Hotel Holdings […]
Sri Lanka shares close up 0.1-pct
June 10, 2014 (LBO) – Sri Lanka’s shares closed higher for the second consecutive day with finance stocks gaining amid thin net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 6.61 points higher at 6,293.64, up 0.11 percent. The S&P SL20 closed 4.43 points higher at 3,484.12, up 0.13 percent. Turnover […]
Sri Lanka Treasuries yields steady
June 10, 2014 (LBO) – Sri Lanka’s Treasuries yields were steady at Tuesday’s auction with yields easing one basis point across maturities, data from the state debt office showed.The 3-month yield fell 01 basis point to 6.54 percent, the 6-month yield fell 01 basis point to 7.72 percent and the 12-month yield fell 01 basis […]