Author: lbostgadmin
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NEW DELHI, April 22, 2014 (AFP) – Indian election frontrunner Narendra Modi on Tuesday condemned virulent anti-Muslim remarks by a one-time associate as he sought to keep attention on his core message of development and corruption-free administration.The BJP, last in power from 1990 to 2004, is widely forecast to emerge as the biggest party in […]
Sri Lanka detains British tourist over Buddha tattoo
COLOMBO, April 22, 2014 (AFP) – Sri Lanka has detained a female British tourist for having a Buddha tattoo on her right arm and ordered her deportation, police said Tuesday.The unidentified woman was arrested at the country’s main international airport on Monday and appeared before a magistrate who ordered her deportation, police said in a […]
Capital Rating
Apr 22, 2014 (LBO) – Sri Lanka’s Dunamis Capital Plc, had been rated ‘BBB+’ with a ‘stable’ outlook and a proposed debt billion rupee debt sale ‘BBB’ by Colombo based Ram Ratings Lanka Plc. Dunamis has interests in primary dealing, stock brokering, margin trading, debt structuring, asset management and property development. The full statement is […]
Network Expansion
Apr 22, 2014 (LBO) – Melsta Regal Finance Ltd, a young finance company promoted by Sri Lanka’s Distilleries group said it has expanded into Central, North Central and Southern regions of the country.The firm offers working capital finance with Letter of Credit opening facilities, warehousing, logistics and debt factoring as well as equipment and vehicle […]
Vehicle Trend
Apr 22, 2014 (LBO) – Sri Lanka’s vehicle registrations rose 4 percent to 26,921 in March 2014 from a year earlier picking up from lull in February with commercial vehicles showing weakness, a research report showed.More people were buying cars on financing arrangements with the share going up to 57.6 percent from 42.2 percent a […]
Sri Lanka stocks close higher
Apr 22, 2014 (LBO) – Sri Lanka’s stocks close 0.08 percent higher with index heavy stocks gaining amid net foreign buying, brokers said. Ceylon Tobacco Company closed 20.40 rupees higher at 1,118.20 rupees, contributing most to the index gain. Aitken Spence Hotel Holdings closed 2.40 rupees higher at 75.90 rupees and Asian Hotels and Properties […]
Private Equity
Apr 21, 2014 (LBO) – Sri Lanka needs private equity to play a bigger role in financing business which will help them grow faster with less leverage and become world beating firms, the Central Bank said. Financial sector professionals have attributed it to lack of skills of those who were taken to manage them, some […]
Cash Drawdown
Apr 21, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said customers withdrew a record 2.05 billion rupees from teller machines on Friday April 11, a new daily high in the run up to a traditional New Year holiday. The number transactions processed was 245,000 lower than a previous record of 325,000 which the […]
Tax Charge
Apr 21, 2014 (LBO) – A 10 percent transfer tax will be imposed when a vehicle bought on a duty-slashed permit given to Sri Lanka state workers are transferred to a private citizen, a media report said.Sri Lanka The Sunday Times newspaper citing a circular by the Ministry of Finance said a vehicle that is […]
Sri Lanka stocks close up 0.1-pct
Apr 21, 2014 (LBO) – Sri Lanka’s stocks close higher Monday with index heavy stocks gaining amid net foreign buying on the exchange, brokers said. The Colombo benchmark All Share Price Index closed 6.27 points higher at 6,187.03 up 0.10 percent. The S&P SL20 closed 6.92 points higher at 3,394.94, up 0.20 percent. Turnover was […]
Sri Lanka port profit, revenues down despite higher volumes
Apr 20, 2014 (LBO) – Operating profits at Sri Lanka’s Ports Authority fell 53.4 percent to 2.4 billion rupees in 2013 with revenues also down 2.3 percent to 37.2 billion rupees, despite an increase in container volumes at Colombo, official data showed. Expenditure had increased 5.8 percent to 34.8 billion rupees. Containers handled in Colombo […]
Take Home
COPENHAGEN, April 20, 2014 (AFP) – A Danish website is turning private homes into take-away restaurants by letting users advertise what they are cooking, when and for what price.“Sometimes I only put one serving up for sale, sometimes up to 20. It depends on what I’m making and how much time I have,” said Ana […]