Category:
” computer growth: official
WASHINGTON, March 31, 2010 (AFP) – India is about to witness an explosion in the spread of personal computers and Internet connectivity, visiting Minister of State for IT and Communications Sachin Pilot said Tuesday. Asked about US computer giant Dell’s reported intention to move its manufacturing facilities from China to India, Pilot only could confirm […]
Now comes tough part for Bharti: making Zain purchase pay
NEW DELHI, March 31, 2010 (AFP) – Indian telecoms tycoon Sunil Bharti Mittal has finally achieved his dream of breaking into the African market with a 10.7-billion-dollar deal to buy Kuwait-based Zain’s Africa assets. But now comes the tough part — making the purchase pay off. Mittal’s Bharti Airtel, the top mobile operator in India, […]
‘s aborted Sri Lanka concert
March 30, 2010 (AFP) – The Maldives stepped in on Tuesday to offer US rap star Akon a replacement concert after his scheduled appearance in Sri Lanka next month was scuttled by protesting Buddhist monks. “We are very happy he is planning to come and perform,” President Mohamed Nasheed’s press secretary Mohamed Zuhair told AFP […]
Sri Lankan Airlines lures ladies with feats of all-female flying crew
Mar 31, 2010 (LBO) – Sri Lankan Airlines said it wants to encourage more young women to become pilots with the national carrier, pointing to recent flights by an all-female flying crew. Sri Lankan Airlines’ lady pilots have “quietly revolutionized” aviation in Sri Lanka, with several international flights being carried out by all-female crews, the […]
Sri Lanka short term treasuries up
Mar 30, 2010 (LBO) – Sri Lanka short term Treasuries edged up slightly Wednesday but signs of further quantity easing emerged with only a part of a maturing tranche of bills being sold to real buyers. Three month bills edged up 7 basis points to 8.52 percent and the 6-month yield went up 05 basis […]
Sri Lankan stocks close 0.23-pct down
Mar 30, 2010 (LBO) – Sri Lankan stocks closed down Tuesday on weak buying interest while John Keells Holdings (JKH) came close to a billion US dollars in market capitalization brokers said. Colombo’s All Share Price Index closed at 3,765. 07, down 8.69 points, while the Milanka index of more liquid shares dipped 0.61 percent […]
Credit Status
Mar 30, 2010 (LBO) – Credit to Sri Lanka’s private borrowers from commercial banks was steady at 1,195. 8 billion rupees in January 2010 while loans in domestic currency rose slightly, the latest official data shows. Loans from rupee books of commercial bank rose to 1,048.7 billion rupees in January from 10,43. 8 billion a […]
‘s Allianz unit net up 64.5-pct, branch business up
Mar 30, 2010 (LBO) – Allianz Insurance Lanka, whose 2009 net profit rose 64.5 percent from a year ago, said most of its life insurance business was coming from newly established regional branches. “We are pleased to note that Sri Lankans are now demonstrating a much greater awareness of the Allianz identity,” Surekha Alles, chief […]
Sri Lanka Distilleries makes hydro power move
Mar 30, 2010 (LBO) – Sri Lanka’s Distilleries Company, said it was spending 750 million rupees to buy into a 4 MegaWatt hydro power plant in a tea plantation which is an associate firm in its group. Distilleries is part of the Stassen’s group controlled by businessmen Harry Jayewardene. Bogo Power Pvt Ltd, will be […]
‘s ex-army chief could die in custody: wife
March 29, 2010 (AFP) – The wife of Sri Lanka’s detained ex-army chief Monday accused authorities of preventing her husband from receiving vital medical treatment and said he could die in custody. Sarath Fonseka’s health had deteriorated since he was held at the naval headquarters in Colombo after his arrest on February 8 and was […]
Sri Lanka Combank shareholder meet canned over quorum
Mar 30, 2010 (LBO) – Sri Lanka’s listed Commercial Bank’s an annual general meeting of shareholders had not been held Tuesday due to the lack of a quorum, the Colombo Stock Exchange said. The meeting has been postponed to April 06. The shares due to be quoted ex-dividend from yesterday.
Sri Lanka Jetwing eyes East Asia from Vietnam base
Mar 29, HANOI (LBO) – With a firm foothold in Vietnam, Sri Lanka’s Jetwing leisure group is looking to expand further into fast growing tourism markets in Laos and Cambodia, an official said. Jetwing Indochina Company, a joint venture with a local group which already has leisure interests including Vietnam’s Buffalo Tours, is building a […]