Author: lbostgadmin
Chip Boost
SAN FRANCISCO, May 6, 2014 (AFP) – Google’s drive to put the future of personal computing firmly in the Internet “cloud” got a boost on Tuesday from chip titan Intel and hardware giants including Lenovo.This is particularly appealing in the education market, where teachers prefer to focus on lessons instead of tech trouble-shooting and schools […]
Sri Lanka poultry feed mill group in the red
May 07, 2014 (LBO) – Sri Lanka™s Ceylon Grain Elevators group, which has interests in feed milling and poultry said it lost 7.8 million rupees in the March 2014 quarter as demand for feed fell, though day old chick demand was recovering. But subsidiary Three Acre Farms which sells day old chicks said profits rose […]
Transfer
May 7, 2014 (LBO) – Browns Investments Plc said it had sold 11.98 million non-voting shares held in Seylan Bank to Lanka Orix Leasing Company Plc for 479.9 million rupees. LOLC itself owns finance companies as well as having a position in Seylan Bank. Brown is part of the LOLC group. LOLC has been restructuring […]
Shipping Biz
May 7, 2014 (LBO) – Bangladesh can slash shipping times to to Europe, US and Canada East Coast, the Middle and Africa by transshipping from Colombo, Sri Lanka’s ports agency chief has said. The newly commissioned Colombo International Container Terminal had increased capacity at the port by 2.4 million twenty foot equivalents a year. A […]
Sri Lanka shares close up 0.4-pct
May 07, 2014 (LBO) – Sri Lanka’s shares close 0.43 percent higher with index heavy stocks gaining amid strong foreign buying, brokers said. Ceylon Grain Elevators closed 2.50 rupees lower at 36.20 rupees and Softlogic Holdings closed 70 cents higher at 12.50 rupees, attracting most number of trades. Foreign investors bought 410.36 million rupees worth […]
‘s First Capital offers medium term fixed rate Treasury repos
May 07, 2014 (LBO) – First Capital Treasuries said it has launched a 3,4 and 5-year investment instrument backed by Sri Lanka government bonds that paid a fixed return.For a minimum investment of 1 million rupees investors could buy a ‘First Capital Treasuries Platinum Bond’.A 3-year instrument had an annual effective rate of 7.87 percent, […]
‘s 2014 economic growth upgraded to 7.0-pct by IMF
May 06, 2014 (LBO) – Sri Lanka’s economic growth forecast for 2014 has been upgraded to 7.0 percent by the International Monetary Fund in its latest regional outlook for the Asia Pacific region, up from 6.5 percent in December. The 6.5 percent growth for 2015 published following a post program monitoring mission has been kept […]
Oil Show
TEHRAN, May 6, 2014 (AFP) – Iran’s annual oil and gas fair opens in Tehran on Tuesday, with 600 foreign companies seeking to position themselves for a return to large-scale operations if international sanctions are lifted.“I hope that Western officials will be more accommodating because of the general political climate in Iran,” he said, noting […]
Sri Lanka India in talks for nuclear deal
May 6, 2014 (LBO) – Sri Lanka and India has held discussions on civil nuclear technology to hammer out a deal on bilateral co-operation, India’s High Commission (embassy) in Colombo said.The Indian delegation to Colombo made up of representatives of Department of Atomic Energy of India was led by Amandeep Singh Gill Joint Secretary (Disarmament) […]
Tourist arrivals to Sri Lanka up 39.5-pct in April
May 06, 2014 (LBO) – Tourist arrivals to Sri Lanka rose 39.5 percent from a year earlier to 112,631 in April 2014 led by India, China, Britain and Russia, data from the state tourism promotion office showed. Middle Eastern arrivals were up 24.8 percent to 5,302 in April with Saudi Arabia up 24.8 percent to […]
Sri Lanka shares end down 0.4-pct
May 06, 2014 (LBO) – Sri Lanka’s shares end 0.37 percent lower Tuesday with index heavy stocks losing ground, brokers said. JKH’s W0022 warrants closed 1.20 rupees lower at 64.10 rupees and its W0023 warrants closed 3.00 rupees lower at 68.90 rupees. Commercial Bank closed 1.00 rupee lower at 126.50 rupees and LOLC closed 2.10 […]
Sri Lanka exports up 5.4-pct in February, imports fall
May 05, 2014 (LBO) – Sri Lanka’s exports rose 5.4 percent in February 2014 from a year earlier, with apparel exports up 6.6 percent, while imports fell amid weak credit growth, official data showed. The trade deficit contracted 20.7 percent to 503.7 million US dollars. In the first two months of 2014, exports rose 13.9 […]