Category:
Parental Support
Jan 06, 2012 (LBO) – Fitch Ratings Lanka has upgraded People’s Leasing Company’s (PLC) National Long-Term rating to ‘A+(lka)’ from ‘A(lka)’ and People’s Finance’s (PF) to ‘A-(lka)’ from ‘BBB(lka)’. The outlooks on both ratings are stable, the rating agency said in a statement. PLC’s outstanding 1,155 million rupee senior unsecured redeemable debentures have also been […]
Sri Lanka tourist arrivals up 31-pct in 2011
Jan 06, 2012 (LBO) – Sri Lanka’s tourist arrivals in 2011 jumped 30.8 percent to a record 855,975 from a year ago with the peak season month of December also at a new high, the tourism office said. The South Asia region accounted for the second biggest increase in arrivals which shot up 35. 3 […]
Mercedes launches luxury SUV, open top roadster in India
NEW DELHI, Jan 6 (AsiaPulse) – Premium car maker Mercedes-Benz on Thursday launched a luxury SUV, M-Class, which is priced at Rs 58-60 lakh, and an open top vehicle, SLS AMG Roadster, that comes for about Rs 3 crore (US$568,830). The German auto major also showcased the future design cues through Concept A-Class and fuel […]
Sri Lanka gets more apparel plants
Jan 06, 2012 (LBO) – Apparel exporters Timex and Fergasam Group will build two factories at a cost of five million US dollars in Sri Lanka’s north-western Mannar, part of the former war zone, the ministry of industry and commerce said. Timex and Fergasam currently employs more than 8,000 across its 16 manufacturing facilities with […]
” rating confirmed: RAM
Jan 05, 2012 (LBO) – Ram Ratings has confirmed an ‘A’ long term rating of Sri Lanka’s Tokyo Cement Plc, on its market share and healthy balance sheet but said the industry was cyclical and the firm was not able to immediately pass on costs. Tokyo Cement has grinding plants and shares half the market […]
Sri Lanka stock close 0.5-pct lower
Jan 05, 2012 (LBO) – Sri Lanka stocks closed 0. 5-pct lower Thursday in thin trade, with shares weakening for the third straight day, while bond rates held steady, brokers and dealers said. The benchmark Colombo All Share Index fell 33 points to 5,939. 75 points and the Milanka Index of liquid stocks fell 27.4 […]
Tourist Killing
Jan 05, 2012 (LBO) – The brother of a murdered British tourist, has called for justice and a speedy conclusion to an investigation in which a politician of a local council and several others are held by the police. Rustkacheva, a Russian national had been dragged to the beach and raped, media reports said. Sri […]
Maldives reverses ban on spas: report
Jan 05, 2012 (LBO) – Maldives has reversed a ban spas imposed by the tourism ministery after determining that they were not used for prostitution as alleged by Islamist protestors, a media report said. There have been anti-semitic protests recently about the transport ministry’s decision to allow direct flights from Israel, while a restaurant that […]
India urged to link oil prices to market
NEW DELHI, Jan 5 (AsiaPulse) – The Indian Prime Minister’s economic advisory panel on Monday suggested that the government take hard decisions like linking prices of petroleum products to global rates in 2012-13 as there will be no political compulsions after Assembly polls in five states are over on March 3. “I think during the […]
Japanese deputy premier tours Sri Lankan hydro power plant
May 5, 2012 (LBO) – Japan’s Deputy Prime Minister Katsuya Okada, began his second day in Sri Lanka on Saturday touring the island’s last hydro power plant that is being built with Japanese assistance. The underground Upper Kotmale tunnel, is also Sri Lanka’s longest tunnel, with a distance of 12.9 kilometers. The tunnel was finished […]
Sri Lanka village producers helped by Japanese volunteers
Jan 05, 2012 (LBO) – A team of Japanese volunteers had helped village level producers to develop new products and upgrade designs to get higher prices, the Japan International Co-operation agency said. Three volunteers had worked with the island’s Samurdhi Authority, a poverty alleviation agency, to help families in several areas. These volunteers had helped […]
Sri Lanka gold imports surge to U$600mn in 2011
Jan 05, 2012 (LBO) – Sri Lankans have spent a record 600 million dollars of gold in 2011 up more than seven times from the 82 million US dollars a year, the central bank said, as demand and prices for the precious metal rose. Before the creation of the Federal Reserve Bank gold was just […]