Author: lbostgadmin
Steady Gains
May 17, 2014 (LBO) – Profits at Sri Lanka’s National Development Bank rose 135 percent from a year earlier to 1.19 billion rupees in the March 2014 quarter, amid positive loan growth, interim accounts showed. Group total assets grew 12 percent to 197 billion rupees and net assets were up 1 percent to 24.7 billion […]
Sri Lanka to get US83mn to improve dam safety
May 16, 2015 (LBO) – Sri Lanka’s will get an additional 83 million US dollars to improve safety at high risk dams, expanding an existing program covering the most vulnerable 32 reservoirs, the World Bank said.The dam network in Sri Lanka comprises over 350 large and medium dams. Many of these dams are aging and […]
Cricket: Pakistan appoint Grant Flower batting coach
LAHORE, May 15, 2014 (AFP) – Pakistan appointed former Zimbabwe opener Grant Flower as their batting coach Thursday in a comprehensive overhaul of the national team’s management in their bid to win next year’s World Cup.Grant, younger brother of former England coach Andy, will join in August during Pakistan’s tour of Sri Lanka. “We have […]
‘s Modi: abrasive Hindu nationalist set to be PM
NEW DELHI, May 16, 2014 (AFP) – To admirers he is a Thatcherite reformer set to jolt India from the economic doldrums, while his opponents liken him to Putin or even Hitler. Indian election frontrunner Narendra Modi divides opinion like few other politicians. The rise of one of India’s most polarising public figures even split […]
Indian stocks surge to record high on Modi poised for victory
MUMBAI, May 16, 2014 (AFP) – India’s stock market jumped more than six percent to a record high of 25,000 points on Friday as business-friendly opposition leader Narendra Modi looked set for a landslide victory in national elections.The benchmark Bombay Stock Exchange index, known as the Sensex, rose 6.06 percent to 25,353.16 in morning trade […]
” for India as Congress concedes defeat
NEW DELHI, May 16, 2014 (AFP) – India’s triumphant Hindu nationalists declared “the start of a new era” in the world’s biggest democracy on Friday as the ruling Congress conceded defeat in elections that exposed anger about sickly economic growth and rampant corruption.Preliminary results and media projections at the climax of the marathon six-week election […]
‘s Modi eyes top team as BJP sweeps to victory
NEW DELHI, May 16, 2014 (AFP) – The Bharatiya Janata Party’s landslide election victory will usher in a new government expected to steer India sharply to the right after 10 years of rule by the leftist Congress party.Incoming premier Narendra Modi has never been in government at national level after spending the last 13 years […]
” Indians
VADODARA, May 16, 2014 (AFP) – Narendra Modi promised to work to “fulfil the dreams of 1.2 billion people” as he addressed cheering supporters for the first time Friday after a landslide Indian election victory for his Hindu nationalist party.A sea of well-wishers from across his constituency of Vadodara in Gujarat turned out to hear […]
Brand Summit
May 16, 2014 (LBO) Senior corporates leaders and marketing professionals from Sri Lanka and the region will come together at a one day conference in Colombo this month to share their expertise and experience as disruptive digital technologies change rules of brand building.Digital technologies are influencing the tastes and preferences of consumers, and are fast […]
Sales Drive
May 16, 2014 (LBO) – Singer (Sri Lanka) Plc, a consumer durables retailer said there was a pick-up in demand in the March 2014 quarter thought economic conditions were still sluggish and installment collections were difficult. “This leaves us with optimism that there will be a double digit growth in the 2nd quarter of 2014 […]
Sri Lanka shares close up 0.5-pct
May 16, 2014 (LBO) – Sri Lanka’s stocks closed 0.48 percent higher with strong foreign buying amid Indian stock market moved up more than six percent to a record high on Friday, brokers said. Ceylon Tobacco Company closed 17.70 rupees higher at 1,089.50 rupees and Sri Lanka Telecom closed 1.40 rupees higher at 48.00 rupees, […]
Ceylinco Insurance, Sri Lanka profits down 13-pct
May 15, 2014 (LBO) – Profits at Sri Lanka’s Ceylinco Insurance Plc, the largest insurer by revenue fell 13 percent to from a year earlier to 285 million rupees in the March 2014 quarter, interim accounts showed.Gross assets rose to 90.9 billion rupees by end March 2014 from 87.4 billion rupees in December. Net assets […]