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Sri Lanka leads on low holiday costs: UK survey
Jan 14, 2011 (LBO) – Sri Lanka is leading on low holiday costs for Britons with competitive prices for eight popular holiday items surveyed including a dinner for two, an annual survey by UK’s Post Office showed. Sri Lanka had the lowest holiday costs among 40 destinations surveyed at 27. 95 British pounds down 31 […]
Infosys says on track to meet 45,000 hiring target
BANGALORE, (Asia Pulse) – India’s Infosys Technologies said it is well on track to meet its target of hiring 45,000 persons this fiscal year and will focus on local hiring. “People addition is on track for 45,000 (employee hiring) target for the financial year 2012. The company will focus on local hiring.We have hired 1,000 […]
Sri Lanka to expand food stamps to former war zones
Jan 13, 2012 (LBO) – Sri Lanka will expand a food stamp scheme to former war zones in the east adding an estimated 100,000 families to 1. 5 million already on the scheme, deputy economic development minister Lakshman Abeywardene said. “We did not want to remove the program until their incomes are stable. “We have […]
Sri Lanka expects most FDI for infrastructure in 2012
Jan 13, 2012 (LBO) – Sri Lanka is expecting most of the two billion US dollars of foreign direct investment targeted for 2012 to flow into infrastructure with 400 million US dollars going into tourism, an official said. Head of Sri Lanka’s Board of Investment, M M C Ferdinando said about a billion US dollars […]
Sri Lanka stocks end down 0.2-pct
Jan 13, 2012 (LBO) – Sri Lankan stocks closed weaker Friday, losing some of the gains in Thursday’s rally, although turnover stayed above a billion rupees, brokers said. The main All Share Price Index closed down 0. 22 percent (13.13 points) at 5,929.34, while the more liquid Milanka index fell 0. 39 percent (19.59 points) […]
Terminal Talks
Jan 13, 2012 (LBO) – Sri Lanka’s Aiken Spence group has confirmed it was renegotiating a contract to build a deep-water container terminal with a Chinese shipping group after reports that it would pull out as costs had escalated beyond its means. Aitken Spence had reportedly been forced to pull out of the deal, the […]
ASEAN, India sign deal on tourism co-operation
MANADO, North Sulawesi, Jan 13 (AsiaPulse) – ASEAN and India have signed an MoU on the promotion of tourism cooperation. The MoU which will serve as an umbrella of cooperation in facilitating tourist travel and visits, was signed by Indonesian Minister of Tourism and Creative Economy Mari Elka Pangestu and Indian Tourism Minister Subodh Kant […]
India to rebuild 49,000 houses in Sri Lanka with US$260mn grant
Jan 12, 2012 (LBO) – India will help rebuild 49,000 houses of war refugees and estate workers in Sri Lanka with a 260 million US dollar grant, information minister Keheliya Rambukwelle said. The Indian grant will be used in former war zones in the North and Eastern provinces of the island and in the Central […]
Sri Lanka stocks up on credit hopes
Jan 12, 2012 (LBO) – Sri Lankan stocks closed 1. 3 percent higher Thursday on expectations of a credit rule relaxation by the securities regulators with illiquid and speculative stocks leading the charge, brokers said. Colombo’s benchmark All Share Index closed 77. 4 points higher at 5,942.4 points up 1.32 points while the Milanka Index […]
Logistics
Jan 12, 2011 (LBO) – Sri Lanka’s Maxim Holdings (Pvt) Ltd, will build a 700 million rupee warehouse complex with a packing plant for its own use and for lease to other tea exporters, an official said. The firm, connected Sri Lanka’s Moslanka Investment (Pvt) Ltd, will build a 70,000 square feet warehouse complex in […]
Elevated
Jan 12, 2012 (LBO) – Sri Lanka will build three elevated highways to ease traffic congestion in the capital Colombo connecting two central locations with expressways out of the city, a minister said. Information minister Keheliya Rambukwelle said Egis Bceom International of France will carry out a feasibility study and prepare outline designs for the […]
Mobile Awareness
Jan 12, 2012 (LBO) – Sri Lankan mobile phone users showed the highest awareness of the use of the instrument to access health services, according to a new study of countries in the Asian region. “Operators need to target current Internet users and more educated within the BOP segment,” the study said. “The key benefit […]