Category:
Altruism
June 14, 2013 (LBO) – Brandix, an apparel group said its workers who had donated blood voluntarily had been recognized for making the firm the largest company to have contributed to the National Blood Transfusion Service.Sri Lanka’s President Mahinda Rajapaksa had given a plaque appreciation which had been received by Brandix chief people officer Ishan […]
‘s inflation cools but rate cut unlikely
NEW DELHI, June 14, 2013 (AFP) – India’s inflation cooled to a more than three-year low in May, data showed Friday, but the rupee’s plunge will likely stall any interest rate cut to kickstart the ailing economy.The Wholesale Price Index, India’s most most closely watched inflation gauge, dropped to 4.7 percent in May on an […]
Cricket: Ton-up Sangakkara blows England away
LONDON, June 13, 2013 (AFP) – Kumar Sangakkara smashed an unbeaten 134 off 135 balls as Sri Lanka stunned England by seven wickets in a high-scoring thriller on Thursday to stay afloat in the Champions Trophy.Cook chipped in with 59 and Ravi Bopara smashed 28 runs from the final over after Sri Lanka grabbed four […]
Sri Lanka economic forum to bridge gap between business and universities
June 14, 2013 (LBO) – An annual economic policy forum will bring universities and business together in a bid to bridge a perceived gap between their needs and the output of local universities its organizer, Ceylon Chamber of Commerce said. A speech by Gehan Amaratunga, head, electronics, power and energy conversion group, Cambridge Engineering Faculty […]
Sri Lanka rupee weakness a logical adjustment: CB Governor
June 14, 2013 (LBO) – A weakness in Sri Lanka’s rupee is a “logical adjustment” coming amid falling Asian currencies including the Indian rupee and Japanese Yen that will also ward off import pressure, Central Bank Governor Nivard Cabraal said.“There are different ways of looking at this,” Cabraal said. “The Indian rupee has weakened significantly. […]
Sri Lanka gaming tax to be on par with the rest of the world: minister
June 14, 2013 (LBO) – Sri Lanka’s gaming taxes could be made to be on par with the rest of the world, investment promotions minister Lakshman Abeywardena said amid queries why gaming levies are being brought down.He said casinos were now located haphazardly in Colombo and some were near schools and in a recent budget […]
Sri Lanka sells 20-year bonds at 12.15-pct
June 13, 2013 (LBO) – Sri Lanka has sold 20-year rupee denominated bonds to yield 12.15 percent and 30-year bonds to yield 12.50 percent, the state debt office said. . At the first 30-year bond auction last month 30-year bonds were also sold at 12.50 percent. The debt office sold 8.0 billion rupees in 20 […]
Sri Lanka stocks down 1.2-pct, rupee weaker
June 13, 2013 (LBO) – Sri Lanka’s stocks closed down 1.22 percent on Thursday for third straight day and the rupee closed lower touching 128 to the dollar, amid turmoil in global markets, dealers and brokers said. Distilleries Company lost 60 cents to close at 194.40 rupees, The Lion Brewery closed at 385.00 down 50 […]
Transit Loss
June 12, 2013 (LBO) – Sri Lanka’s vehicle importers have been badly hit by a sharp increase in theft of parts in vehicles imported via Hambantota port and security has been tightened, officials said.“Our members frequently complain to us that there is a strong increase in the stealing of vehicle parts especially in the past […]
Banking Forum
June 13, 2013 (LBO) – A forum for chief financial offers will kick off Thursday evening on opportunities, strategies and challenges with respect to the future growth of Sri Lanka’s banking sector. Senior bankers and a senior representative from Central Bank will take part in panel discussion on the above areas and other key challenges. […]
Networking Link
June 13, 2013 (LBO) – Business and Professional Women International, an organization spread across 125 countries will be holding a conference in Sri Lanka in August to promote joint ventures trade and ecotourism, organizers said.The conference will be held from August 10 to 12 in Colombo with the support of the parent organization which is […]
Sri Lanka processing large property projects
June 13, 2013 (LBO) – Sri Lanka is processing several large mixed development projects in the capital Colombo including two which may be over 500 million US dollars, investment promotion minister Lakshman Abeywardena said.BOI chairman Lakshman Jayaweera said the agency was expediting approvals and helping get clearances for investors with other line ministries and agencies. […]