Author: lbostgadmin
‘s acquires Amba
Dec 11, 2013 (LBO) – US-based Moody’s Corporation said it had acquired Amba Investment Services, a securities research outsourcing firm that has operations in Sri Lanka, India and Costa Rica.Amba is expected to bring revenues of 39 million US dollars in 2013.It will operate as part of Copal Partners a unit of Moody’s Analytics. “Amba […]
” in Sri Lanka
COLOMBO, December 11, 2013 (AFP) – The Catholic church Wednesday warned Sri Lanka’s government of foreign intervention unless it worked towards reconciliation and addressed allegations of war crimes during the war against Tamil separatists.Malcolm Ranjith, the archbishop of Colombo, said he was urging President Mahinda Rajapakse and the main ethnic Tamil party to hammer out […]
Tweet Pix
SAN FRANCISCO, December 10, 2013 (AFP) – Updated mobile software rolled out Tuesday by Twitter lets smartphone users send pictures in direct, personal messages seen only by recipients instead of being shared publicly on the social network. “For the first time, you can share and view photos via direct message on your mobile phone,” Jeremy […]
Tech Boost
Dec 10, 2013 (LBO) – Sri Lanka’s HSBC unit said its payment processing service can be linked to enterprise resource planning software of clients boosting productivity and reducing errors. HSBC said it had integrated its payment processing and cash management system HSBC Connect to SAP Lite (C2SAP Lite) at MAS Active, a top apparel manufacturer […]
Vehicle Trend
Dec 11, 2013 (LBO) – Sri Lanka’s motor vehicle registrations were flat in November 2013 at 27,424 units, barely changed from 27,082 a year earlier but there were steep increases in hybrids, large cars and sport utility vehicles, an analysis by a research house shows.Motor car registrations at 2,226 in November were sharply up from […]
Sri Lanka stocks end 0.7-pct lower
Dec 10, 2013 (LBO) – Sri Lanka stocks closed in the red Tuesday with index heavy stocks losing ground despite strong foreign buying, brokers said. HNB closed flat at 143.00 rupees and Touchwood Investments also closed flat at 2.90 rupees. The Colombo benchmark All Share Price Index closed 42.78 points lower at 5,778.52, down 0.73 […]
Sri Lanka stocks close higher
Dec 11, 2013 (LBO) – Sri Lanka stocks closed greener Wednesday with diversified stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 9.29 points higher at 5,787.81, up 0.16 percent. The S&P SL20 closed 5.65 points higher at 3,182.27, up 0.18 percent. Turnover was 180.07 million rupees, down […]
Sri Lanka Treasuries yield plunge
Dec 11, 2013 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12 month yield plunging 35 basis points to 9.15 percent, data from the state debt office showed.The debt office offered 10 billion rupees of maturing bills and accepted 13.3 billion rupees in bids from the auction. The three […]
BOI investor services unit at new location
Dec 10, 2013 (LBO) – Sri Lanka’s Board of Investment said its investor service department had been shifted to the 6th floor of Colombo’s World Trade Centre building.The new office was opened by investment promotion minister Lakshman Abeywardene on Tuesday.The department has a staff of over 100 facilitating nearly 1,000 BOI approved firms with processing […]
‘s top carrier
WASHINGTON, 2013 (AFP) – American Airlines emerged as the world’s largest airline Monday, combining with US Airways after a hard-fought battle to overcome US competition concerns.The billion merger was first announced in February, but was held up by an antitrust lawsuit from the US government and backed by several states, worried about the combined airline’s […]
Sri Lanka tourist earnings up 26-pct to October
Dec 10, 2013 (LBO) – Sri Lanka has earned 996.2 million US dollars from tourism services in the ten months to October 2013, up 26 percent from a year earlier, data released by the Central Bank showed. The average stay has moved up 10.5 nights from 10 a year earlier, he said. Tourism arrivals rose […]
Sri Lanka Central Finance raises Rs2.0bn in debt
Dec 10, 2013 (LBO) – Sri Lanka’s Central Finance Plc, a registered finance company has received more than 2.0 billion rupees of orders for its listed debt issue. Central Finance offered 20 million 100 rupee secured redeemable debentures.Managers to the sale, NDB Investment Bank said the issue was oversubscribed shortly after opening and will close […]