Category:
Market Risk
HONG KONG, February 23, 2011 (AFP) – Asian stock markets fell further and oil remained high on Wednesday as the leader of major crude exporter Libya warned he would fight “to the last drop of my blood”. Gold opened at $1,397-$1,398.00 an ounce by the close in Hong Kong, up from Tuesday’s finish of $1,400.00-$1,401.00. […]
Sri Lanka looks to evacuate 1,200 in Libya as Asian nations pull out citizens
NEW DELHI, February 23, 2011 (AFP) – Asian nations on Wednesday prepared evacuation plans for more than 100,000 migrant workers trapped in Libya, many of them low-paid labourers toiling on construction sites. Arrangements to use passenger ships, planes and land routes to Egypt were being considered by governments as they try to secure their citizens’ […]
Sri Lanka keeps tabs on market pulse for sovereign bond sale
Feb 22, 2011 (LBO) – Sri Lanka will study market conditions for a bond sale this year, Treasury secretary P B Jayasundera said. “We have to study the market conditions,” Jayasundera said. “In any case it takes about six months preparation to launch a bond.” Last September Sri Lanka raised a billion dollars from international […]
Sri Lanka shares end 1.3-pct lower
Feb 22, 2011(LBO) – Sri Lankan stocks closed 1. 34 percent down with losses seen across the board, brokers said. The All Share Price Index closed at 7,514.74, down 1.34 percent (102.45 points) while the Milanka Price Index of more liquid stocks closed at 7,160.38, down 1.09 percent (78.94 points) according to stock exchange provisional […]
Motor Sale
Feb 22, 2011 (LBO) – United Motors, local agents in Sri Lanka for brand new Mitsubishi vehicles, has sold its subsidiary Orient Financial Services Corporation for 230 million rupees, a stock exchange filing said. The buyer of the unit, which does vehicle leasing and contract hire business, was People’s Venture Investment Company, part of the […]
Sri Lanka looks for working group to iron out fishery poaching
Feb 22, 2011 (LBO) – Sri Lanka is looking to begin talks through a joint working group with India to find a long term solution to fishery poaching in Sri Lanka’s northern waters, President Mahinda Rajapaksa said. “We want to re-activate the mechanism of an India and Sri Lanka joint working group to find a […]
Health Cost
Feb 22, 2011 (LBO) – Sri Lanka faces rising health care costs as the population ages with an increase in non-communicable diseases (NCD) like diabetes, heart disease, cancers and asthma, a recent World Bank study said. “More effective legislation on the use of trans fats and tobacco and educating the public to reduce salt and […]
‘s PM concedes to new telecom scam probe
NEW DELHI, February 22, 2011 (AFP) – India’s premier on Tuesday bowed to opposition pressure to set up a cross-party probe into the government’s tainted 2008 sales of telecom licences which cost the country up to billion. Observers say the ruling Congress party’s woes have led to policy drift with important economic reform legislation put […]
Sri Lanka airline caterer says 9-month profits up 40-pct
Feb 22, 2011 (LBO) – Sri Lankan Catering, a unit of state-run SriLankan Airlines, a firm slated for a public listing said profits for the 9-months to December 2010 rose 40 percent to 640 million rupees. SriLankan Catering also runs an industrial laundry facility in Katunayake and a 24-roomed transit hotel at the airport. Last […]
Sri Lanka shares fall on profit-taking
Feb 21, 2011(LBO) – Sri Lankan stocks closed 0.72 percent lower Monday on profit-taking by retail investors after a recent rally, brokers said. The All Share Price Index closed at 7,617.19, down 0.72 percent (-55.30 points) while the Milanka Price Index of more liquid stocks closed at 7,239.32, down 0.04 percent (-2.83 points), according to […]
Margin Growth
Feb 21, 2011 (LBO) – Sri Lanka’s Nations Trust Bank’s (NTB) net profit for the 2010 financial year rose 58 percent to just over a billion rupees from a year ago as interest margins grew, a stock exchange filing said. Diluted earnings per share for the financial year ending December 31, 2010 were 5. 28 […]
‘s program in tourism
Feb 21, 2011 (LBO) – Sri Lanka’s Colombo University has started a Master’s program in tourism to cater to the need for highly qualified professionals in the industry which is growing fast after the end of a 30-year war. “Now that the tourism industry is picking up fast there is a need for advanced qualifications […]