Author: lbostgadmin
‘s Eden Hotel buys 76-room resort
Nov 03, 2013 (LBO) – Sri Lanka’s Eden Hotel Lanka Plc said it is buying a 76-room resort for 1.5 billion rupees from LOLC Leisure, its holding company. The company has six acres of land. In January 2012, LOLC group said it bought Dickwella Resort and Spa for 1,014 million rupees. Corrected Dickwella Resorts and […]
Vietnam seeks more business with Sri Lanka
Nov 02, 2013 (LBO) – A delegation of 15 Vietnamese companies is visiting Sri Lanka this month seeking local partners and agents, the Ceylon Chamber of Commerce said. There will be business to business meeting on November 18 at the Ceylon Chamber of Commerce office. The firms represent makers of machinery such as rice reapers, […]
Expelled
COLOMBO, November 1, 2013 (AFP) – Sri Lankan authorities on Friday wiped all the data from the computer of an Australian media rights activist as she and a colleague were kicked out of the country, a local rights group said.Jacqui Park and fellow Australian Jean Worthington were packed onto a plane that flew out of […]
Outlook Cut
Nov 02, 2013 (LBO) – Fitch Ratings has lowered the outlook on Sanasa Development Bank’s ‘BB+(lka)’ rating from ‘positive’ to ‘stable’. “The revision of the Outlook on SDB reflects an unexpected deterioration in its credit profile,” Fitch Ratings said. “SDB has failed to sustain the improvement in its capitalisation and to maintain its asset quality […]
India construction expo seeks Sri Lanka participation
Nov 01, 2013 (LBO) – Organizers of India’s Excon 2013, touted as South Asia’s largest construction equipment fair say Sri Lanka’s construction industry and component makers can benefit from taking part.The show will have 900 exhibitors including 200 construction equipment makers from outside India. “We would like Sri Lankans who are in the construction industry […]
Vast Antarctic sanctuary plans blocked by China, Russia
SYDNEY, November 1, 2013 (AFP) – Plans to create two vast ocean sanctuaries in Antarctica to protect the pristine wilderness failed Friday for a third time with Russia and China blocking the bids, delegates at multi-nation talks said.The proposals for two huge Marine Protected Areas were on the table at the Commission for the Conservation […]
Google Phone
SAN FRANCISCO, October 31, 2013 (AFP) – Google on Thursday unveiled its Nexus 5 smartphone, putting its premium brand on a device intended to champion the latest version of its Android operating system.The hotly anticipated addition to Google’s Nexus line is powered by a new “KitKat” version of Android, which was redesigned to work across […]
‘s Aitken Spence to up Oman hotels to six
Nov 01, 2013 (LBO) – Sri Lanka’s Aitken Spence Hotels will add another hotel to properties under its management in Oman, taking the total to six, an official said.Aitken Spence also owns and manages hotels in India and the Maldives as well as Sri Lanka and is an expanding regional leisure group. The firm operates […]
Bank Status
Oct 31, 2013 (LBO) – Profits at Sri Lanka’s Seylan Bank group fell 17 percent to 535 million rupees in the September 2013 quarter from a year earlier, on higher loan losses, interim accounts showed.The group reported earnings of 1.55 rupees per share. For the nine months to September the group reported earnings of 4.46 […]
Sri Lanka stocks close flat
Nov 01, 2013 (LBO) – Sri Lanka stocks closed flat with a trade in a tile firm pushing turnover above a billion rupees, brokers said. PCH Holdings closed flat at 1.60 rupees and PC House ended up 10 cents to 90 cents. The Colombo benchmark All Share Price Index closed just 0.26 points lower at […]
Sri Lanka inflation at 6.7-pct in October
Oct 31, 2013 (LBO) – Sri Lanka’s consumer prices rose 6.7 percent in October 2013 from a year earlier, accelerating from 6.2 percent in September, the state statistics office said. Sri Lanka’s Colombo Consumer Price Index rose 0.2 percent in the month to 176.1 points in the month. Sri Lanka’s inflation has been stable for […]
Textured Jersey Sri Lanka net up 68-pct
Oct 31, 2013 (LBO) – Profits at Sri Lanka’s Textured Jersey Lanka Plc, a fabric maker, rose to 263 million rupees in the September 2013 quarter up 68 percent from a year earlier, on strong European demand and better margins, the firm said. The cash positive firm showed a 19 million rupee net interest income. […]