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Google Interaction
Mar 14, 2013 (LBO) – Julian Persaud, managing director of sales and operations of Google for Southeast Asia will participate in a business forum with Sri Lanka’s information technology companies on March 19.Persaud will also be on a panel with Madu Ratnayake, General Manager ,Virtusa,Sri Lanka, Sanath Fernando-CEO, Ridgecrest Asia (Pvt) Ltd and Chandika Jayasundara-CEO, […]
Sri Lanka move to push cargo at Mattala welcomed by policy advocate
Mar 14, 2013 (LBO) – Moves by Sri Lanka’s airport agency to woo courier airlines to the island’s second international airline was welcomed by a policy specialist who had been advocating such action.“While the volumes of air freight carried by these companies as well as others such as DHL and TNT are growing rapidly in […]
Sri Lanka Mattala airport interests A380 operators: official
Mar 14, 2013 (LBO) – Sri Lanka’s second international airport in Mattala is attracting interest from Airbus A380 operators, and the airport agency stands to earn more navigation fees from overflying aircraft, a top official said.Sri Lanka already earns navigation fees from aircraft overflying its flight information region, but industry analysts have said that the […]
” rating confirmed: RAM
Mar 13, 2013 (LBO) – RAM Ratings Lanka said it had confirmed an ‘A-‘ rating on Lankem Ceylon Plc, with a ‘stable’ outlook.Its short-term ‘P2’ rating was also confirmed. “The ratings are supported by its diversity in business operations, dominant market positions in most of its business lines, the resilient demand for agrochemicals, and above […]
Sri Lanka Treasuries yields up
Mar 13, 2013 (LBO) – Sri Lanka’s Treasuries yields edged up across maturities at Wednesday’s auction with the three month yield rising 05 basis points to 9.16 percent, data from the state debt office said.The 6-month yield rose 05 basis points to 10.15 percent and the 12-month yield rose 05 basis points to 11.19 percent. […]
Sri Lanka tourism arrivals up 13.4-pct in Jan
Mar 13, 2013 (LBO) – Sri Lanka’s tourism arrivals rose 13. 4 percent to 97,411 in January 2013 from a year earlier, with double digit growth from Western Europe and China, the state tourism promotion office data showed. Indian visitors which grew just 2.9 percent in the whole of 2012 after visa requirements were re-imposed […]
Sri Lanka in bid to draw courier airlines to Mattala airport
Mar 13, 2013 (LBO) – Sri Lanka is in talks with international courier airlines including UPS, Fedex and DHL to base operations at a new airport that is opening on March 18, the island’s state-run airport agency chief said.“We are talking to courier airlines, UPS, Fedex, DHL,” Prasanna Wickramasuriya, chairman of Airport and Aviation Services […]
Sri Lanka power regulator says costs slashed by Rs3.65 a unit
Mar 13, 2013 (LBO) – Sri Lanka’s Public Utilities Commission, the island’s power regulator says it had dis-allowed 40 billion rupees of costs filed by state-run Ceylon Electricity Board, before seeking public comments on a proposed tariff hike. The Ceylon Electricity Board initially filed costs 268 billion rupees to produce 10, GigaWatt hours (millions of […]
‘s
Mar 13, 2013 (LBO) – Sri Lanka is facing higher external pressure due to lack on a program with the International Monetary Fund and also slower growth, Moody’s Investors Service, a rating agency said.“Although the government will likely continue to make gradual progress in reducing its deficit, the debt burden will remain high,” Moody’s said. […]
Sri Lanka rupee strengthens above 126 to the US dollar
Mar 12, 2013 (LBO) – Sri Lanka rupee was quoted stronger at 125.95/126.00 to the US dollar in late afternoon trade Tuesday in the spot market, up from a closing price of 126.45/55 a day earlier, dealers said.Dealers say some banks were looking to sell dollars in the spot market.Market sources say unwinding of some […]
Sri Lanka cuts coining cost with Finish, Dutch and Slovak mints
Mar 12, 2013 (LBO) – Sri Lanka has cut coin issue costs from 2013 by allowing more international coin producers to bid for minting contracts, Central Bank Governor Nivard Cabraal said.“We widened the criteria for bidding, and we have made substantial savings,” Governor Cabraal said. “We got very good prices.” From 2013 to 2015, Mint […]
‘s Renuka Agri Foods buys 100-pct of diary unit
Mar 12, 2013 (LBO) – Sri Lanka’s Renuka Agri Foods said it had bought a residual stake in Rich Life Dairies, a firm which produces ready to drink flavoured milk and fruit juices raising its stake to 100 percent. Renuka Agri Foods said in stock exchange filing that it had paid 100 million rupees for […]