Category:
Credit Status
Nov 08, 2013 (LBO) – Profits at Sri Lanka’s Sampath Bank group fell to 859 million rupees in the September 2013 quarter, down 33 percent from a year earlier, on loan loss charges, interim accounts showed.The group reported earnings of 5.12 rupees per share for the quarter.For the nine months to September the firm reported […]
Tele Status
Nov 08, 2013 (LBO) – Sri Lanka’s Dialog Axiata reported profits of 1.5 billion rupees for the September 2013 quarter, sharply down from a year earlier, when the bottom line was boosted by a one-off item. The group reported pre-tax profits of 1.8 billion rupees, down from 2.4 billion rupees a year earlier, but were […]
Sri Lanka firms have to compete at home to win foreign customers: Chamber Chief
Nov 08, 2013 (LBO) – Sri Lankan firms have to first compete in the home market and win customers to be able to export to foreign buyers, the head of a powerful business chamber in the country said. Suresh Shah, head of Sri Lanka’s Ceylon Chamber of Commerce said to win large foreign markets innovation, […]
Sri Lanka stocks close down 0.6-pct
Nov 07, 2013 (LBO) – Sri Lanka stocks fell for the fourth straight day with diversified stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 35.71 points lower at 5,870.47, down 0.60 percent. The S&P SL20 closed 11.18 points lower at 3,243.71, down 0.34 percent. Turnover was 688.03 million rupees, up […]
Knowledge Sourcing
Nov 07, 2013 (LBO) – Accenture, a multinational management consulting and outsourcing company is teaming up Sri Lanka’s Brandix to provide services focussing on the global apparel retail sector. “This collaboration will have a significant impact in building capability in services for the apparel industry that can be leveraged by Brandix and our clients globally.” […]
IT Deal
Nov 07, 2013 (LBO) – Sri Lanka based MillenniumIT, a unit of London Stock Exchange has won a deal to provide post trade processing and depository services to the Singapore Exchange.“We are delighted to have been selected by SGX to power its global post trade operations for multi-currency, multi-asset class solutions for SGX members,” Mack […]
Crisis-hit Maldives to vote again with democracy in doubt
COLOMBO, November 7, 2013 (AFP) – The Maldives faces a final chance to avoid a constitutional crisis and secure its five-year democracy this weekend when it makes a third attempt to hold a long-delayed presidential election.He held a meeting with all three candidates on Wednesday, with a statement saying it was “a very crucial period” […]
‘s Textured Jersey exports technical services to India
Nov 07, 2013 (LBO) – Sri Lanka based Textured Jersey Lanka Plc said it would provide technical services to Ocean India Private Ltd, a knit fabric maker in India.The firm provides fabrics to produce apparel for top European and US labels. The company entered a two year technical services agreement for a fee of 780,000 […]
Sri Lanka exporters look for growth
Nov 07, 2013 (LBO) – Sri Lankan exporters will have to be closer to global supply chains and develop more innovative products, but local rules were also hindering exports, economists and industry officials said. “We are welcome organized policies from groups or forums rather than from individuals. Because for us in the government, it is […]
Sri Lanka can boost investment profile at CHOGM: Standard Chartered
Nov 07, 2013 (LBO) – Sri Lanka can boost its investment profile at a Commonwealth Head of Government meet this month, Standard Chartered Bank, one of the principal sponsors of a business forum associated with the event said.“Sri Lanka needs to showcase itself to the external world,” Anirvan Ghosh Dastidar, chief executive of the Standard […]
Sri Lanka Treasuries yields ease
Nov 06, 2013 (LBO) – Sri Lanka’s Treasuries yields eased at Wednesday’s auction extending falls seen since a rate cut on October 15, with the 6-month yield down 6 basis points to 8.94 percent, data from the state debt office showed. The 12-month yield fell 01 basis point to 9.82 percent, despite 14.6 billion rupees […]
Sri Lanka stocks close lower
Nov 06, 2013 (LBO) – Sri Lanka stocks fell for the third straight day banking stocks losing ground, despite strong foreign purchases, brokers said. Bukit Darah closed 5.40 rupees higher at 685.60 rupees and Dialog closed 10 cents higher at 9.10 rupees. Cargills Ceylon closed 2.60 rupees lower at 145.40 rupees and Nestle Lanka closed […]