Category: Industry
Sky-fi
SINGAPORE, March 2, 2014 (AFP) – Wifi in aircraft, hobbled in the past by slow speeds, could soon take off as new technology enables passengers to surf the web as if they were in a coffee shop, Internet executives say. More airlines are rolling out new and improved services thanks to satellite technology, industry leaders […]
Sangakkara steers Sri Lanka to dramatic win over India
FATULLAH, February 28, 2014 (AFP) – Kumar Sangakkara hit a brilliant 103 as Sri Lanka survived anxious moments to overcome India by two wickets in a thrilling last-over finish Friday, securing their second win in the Asia Cup.The victory was set up by spinners Ajantha Mendis and Sachithra Senanayake, who shared seven wickets to restrict […]
Asset Check
Mar 01, 2014 (LBO) – Books of Sri Lanka’s banks and finance companies are being evaluated by audit firms as they are moving towards mergers under a regulatory push, the Central Bank said. The ministry of finance and inland revenue department have agreed to deal with tax issues that expected in the consolidating lenders, the […]
Sri Lanka restrict India to 264-9 in Asia Cup
FATULLAH, February 28, 2014 (AFP) – Spinners Ajantha Mendis and Sachithra Senanayake shared seven wickets as Sri Lanka kept India down to 264-9 in the Asia Cup one-day tournament in Fatullah on Friday.Mendis struck twice in his seventh over, the 40th of the innings, as he bowled Dhawan and had new batsman Dinesh Karthik caught […]
Iraq lifts ban on Sri Lanka cocopeat: commerce ministry
Feb 28, 2014 (LBO) – Iraq has lifted a ban on coconut fibre pith exports from Sri Lanka and is has also agreed to relaxing restrictions on Ceylon Tea, the ministry of industry and commerce said.Sri Lanka’s minister of industry and commerce Rishad Bathiudeen had led a delegation to Baghdad for two days of talks […]
‘s Ceylinco Insurance net up 28-pct
Feb 28, 2014 (LBO)- Profits at Sri Lanka’s Ceylinco Insurance Plc, rose 28 percent to 1.8 billion rupees in the December 2013 quarter from a year earlier, helped by investment income and lower claims, despite weak premiums, interim accounts showed. Net assets had grown to 18.3 billion rupees from 14.4 billion rupees. The group reported […]
Margin Gains
Feb 28, 2014 (LBO) – Profits at Sri Lanka’s Seylan Bank Plc rose 71 percent to 797 million rupees in the December 2013 quarter from a year earlier, on wider margins, despite higher loan losses, interim accounts showed. Group gross assets rose 17.3 percent to 217 billion rupees in the 12 months to December with […]
Tough Quarter
Feb 28, 2014 (LBO)- Profits at Sri Lanka’s Hatton National Bank fell 38 percent to 1.8 billion rupees in the December 2013 quarter amid shrinking net interest income, interim accounts showed. The group reported earnings of 4.73 rupees per share. In the year to December the group reported earnings of 19.20 rupees per share on […]
Loan Growth
Feb 28, 2014 (LBO) – Profits at Sri Lanka’s Sampath Bank Plc fell 31 percent to 1.0 billion rupees, in the December 2013 quarter from a year earlier, amid higher loan losses, interim accounts showed. Gross assets rose 24 percent to 391 billion rupees and net assets rose 14 percent to 31.6 billion rupees. The […]
Dhaka Gladiators owner convicted of match-fixing
DHAKA, February 26, 2014 (AFP) – A special tribunal convicted one of the owners of the Dhaka Gladiators Wednesday of match-fixing in the tainted Bangladesh Premier League, while three international cricketers pleaded guilty in the 2013 scandal, officials said. Shihab Jishan Chowdhury, managing director of the reigning BPL champions, was found guilty of one charge […]
‘s Equity One Plc sells property
Feb 27, 2014 (LBO) – Equity One Plc, a unit of Sri Lanka’s Carson Cumberbatch group said it sold a six acre land in a suburb south of Colombo for 571.2 million rupees. The land in Mount Lavinia had been sold on February 24, the firm said in a stock exchange filing. The funds will […]
Oman Air in code share with SriLankan to China, Singapore and Maldives
Feb 27, 2014 (LBO) – Oman Air said it had signed a deal take carry its passengers on Sri Lanka’s state-run SriLankan Airlines to China, Singapore and Maldives though Colombo. The code share deal also allows SriLankan to book passengers to Zurich via Mauscat on Oman Air flights. “This new agreement will increase both choice […]