Author: lbostgadmin
‘s Amaya Leisure profits up 6-pct
May 20, 2014 (LBO) – Profits at Amaya Leisure, controlled by Sri Lanka’s Hayleys Plc, rose 6.2 percent to 135 million rupees in the March 2014 quarter from a year earlier, interim accounts showed.The group reported earnings of 2.81 rupees per share. Amaya Leisure said revenues rose 11 percent to 352 million rupees, cost of […]
Macksons Properties in serviced apartment complex in Sri Lanka capital
May 19, 2014 (LBO) – Macksons Properties (Pvt) Ltd, will build a 655 million rupee, 100-room serviced apartment complex in Sri Lanka’s capital Colombo, the state investment promotion agency said. Macksons Holdings has interests in consumer goods, automobiles and building materials including Multilac branded paints, the Board of Investment of Sri Lanka which approves and […]
Container Depot
May 19, 2014 (LBO) – Logistics International Limited, a unit of Sri Lanka’s Hayleys group said its container depot had been automated and efficiency boosted with new technology that stacks two containers at a time.The firms said the Kalmar DCF100-45E6 from Finland based Cargotec-Kalmar was the first of its kind in Sri Lanka. Janitha Jayanetti, […]
Sri Lanka stocks close higher
May 19, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher Monday with banking and telco stocks gaining amid net foreign buying, brokers said. NDB Capital Holdings closed 29.20 rupees higher at 499.80 rupees and NDB closed 5.60 rupees higher at 198.60 rupees. Distilleries closed 2.90 rupees higher at 208.00 rupees and Ceylon Tobacco […]
Sri Lanka gilt dealers invited to trade in listed debt, REPOs in the offing
May 19, 2014 (LBO) – Colombo Stock Exchange has invited Sri Lanka’s primary dealers in government debt and specialists in debt to register at the bourse to trade in listed corporate debt, with a repurchase mechanism on the trading system also planned.CSE chief operating officer Renuke Wijayawardhane said three primary dealers in government securities have […]
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May 19, 2014 (LBO) – Senior debt of Singer Sri Lanka Plc, a consumer durables maker has been downgraded one level to ‘A-(lka)’ by Fitch Ratings on falling profits and margins. Fitch said following value added tax hikes amid stressed economic conditions margins were declining. Singer however was managing its consumer loans portfolio well, and […]
Sri Lanka celebrates end of war
MATARA, May 18, 2014 (AFP) – President Mahinda Rajapakse led celebrations at a major victory parade Sunday to mark the fifth anniversary of the end of Sri Lanka’s Tamil separatist war, after banning commemorations for its victims.As the envoys of Western nations stayed away from the parade, a defiant Rajapakse insisted he would not bow […]
‘s Modi prays by Ganges on symbolic victory lap
VARANASI , May 17, 2014 (AFP) – Indian prime minister-elect Narendra Modi offered prayers by the river Ganges Saturday in a religious ceremony beamed live on television that underlined his Hindu nationalist roots a day after his stunning electoral triumph. The 63-year-old leader of the Bharatiya Janata Party (BJP) swept through the capital earlier Saturday, […]
” dinosaur found in Argentina
BUENOS AIRES, May 17, 2014 (AFP) – Paleontologists in Argentina’s remote Patagonia region have discovered fossils of what may be the largest dinosaur ever, amid a vast cache of fossils that could shed light on prehistoric life.Finding so many individual dinosaurs at one site could confirm the hypothesis that these herbivores lived in herds, as […]
The Kingsbury hotel in Sri Lanka in profits after make-over
May 18, 2014 (LBO) – The Kingsbury hotel in Colombo which was re-branded and rebuilt after being taken over by Sri Lanka’s Hayleys group has posted the profits of 42 million rupees the March 2014 quarter, interim accounts showed.The firm reported earnings of 20 cents per share for the quarter. In the March 2013 quarter […]
Sri Lanka return to winning ways
LONDON, May 17, 2014 (AFP) – Sri Lanka secured their first victory on English soil this season with a crushing 128-run win over Kent in a one-day match at Canterbury on Friday.Sri Lanka next play Sussex at Hove on Sunday before facing England in a lone Twenty20 international and five-match one-day series starting next week.The […]
India PM-elect Modi to make triumphant Delhi entrance
NEW DELHI, May 16, 2014 (AFP) – India’s prime minister-elect Narendra Modi was to make a triumphant entrance to New Delhi Saturday after leading his Hindu nationalist party to an historic landslide victory in the world’s largest election. The former tea-boy, whose humble background is a world away from that of the prevailing Delhi elite, […]