Category: Industry
Medical Facilities
Oct 23, 2013 (LBO) – Sri Lanka’s Ceylinco Healthcare Services said it had commissioned a 500 million rupee facility which can provide precise radiation treatment, targeting cancer patients in the country and the region.TomoTherapy machines deliver treatment guided by computerized tomography (CT) where the size of the cancer can be seen and precisely targeted with […]
Sri Lanka JKH says project has not changed amid approval delay
Oct 22, 2013 (LBO) – Sri Lanka’s John Keells Holdings says the size and scope of a 650 million US dollar plus project which also involves a casino has not changed as investment approvals appeared to be taking longer.Tax breaks for two casino resorts, the second to be built by Australia’s Crown group were due […]
Sri Lanka to amended approvals to casino resorts
Oct 22, 2013 (LBO) – Sri Lanka will issue new gazettes clarifying tax breaks offered to two casino resorts, and is also looking to come up with rules to address concerns raised, investment promotions minister Lakshman Abeywardene said.Two gazette notices giving tax breaks to large integrated resorts involving casinos to be built by Sri Lanka’s […]
Online Banking
Oct 21, 2013 (LBO) – Sri Lanka-based Commercial Bank of Ceylon, the island’s largest private lender by assets, said its unit in Bangladesh has launched an internet banking service. Commercial Bank customers in Bangladesh will be able to pay Grameen Phone Company bills and school fees. “Bangladesh has a rapidly growing customer segment that will […]
Sri Lanka exports up 10.7-pct in August, imports down
Oct 21, 2013 (LBO) – Sri Lanka’s exports rose 10.7 percent to 917.8 million US dollars in August 2013 from a year earlier, and import dropped 7.7 percent to 1.6 billion US dollars, the Central Bank said.Export earnings from tea grew 49.3 percent to 142.8 million US dollars and apparel exports barely grew 2.1 percent […]
Sri Lanka Crown casino resort fields cricket ambassadors
Oct 21, 2013 (LBO) – A proposed casino resort in Sri Lanka by James Packer’s Crown group has appointed as its ambassadors, Australian cricket captain Micheal Clarke and Vivien Greig, whose husband Tony is a household name in the island. Crown group is building what it calls a landmark iconic resort by the side of […]
Housing Debt
Oct 21, 2013 (LBO) – Sri Lanka’s HDFC Bank, a 51 percent state-owned mortgage lender said it was offering listed yielding as much 15.5 percent a year. HDFC Bank is offering 1.0 billion rupees of debt with an option to sell another 1.0 billion rupees in case the first tranche is oversubscribed. The firm is […]
Sri Lanka gaming resorts to tie-up with existing casinos: ministry
Oct 20, 2013 (LBO) – Two planned gaming resorts in Sri Lanka are expected to link up with existing casinos in the city and will require no new licenses to be issued, the investment promotion ministry has said.Australia’s Crown group and Sri Lanka’s John Keells Holdings are to build two ‘integrated resorts’ with luxury hotels, […]
Sri Lanka hosts nuclear energy workshop
Oct 20, 2013 (LBO) – Sri Lanka is hosting a workshop on nuclear energy with the participation of domestic and international specialists, the island’s research and development ministry said. The workshop will create awareness on a safe, long term, nuclear energy program, the ministry said. International participants from Bangladesh, Belarus, Egypt, Indonesia, Jordan, Malaysia, Peru […]
Foreign Finance
Oct 19, 2013 (LBO) – Sri Lanka’s Citizens Development Business Finance, said it had got a 6 million US dollar credit line (780 million rupees) from a Belgian development finance agency.Carole Maman, financial sector director for BIO said CDB offered financial services to rural bottom-of-the-pyramic cystomers. “We appreciate the motivation and quality of CDB’s staff […]
Google Gains
SAN FRANCISCO, October 18, 2013 (AFP) – Google shares surged to a record high, close to $1,000, after quarterly earnings figures showed the Internet giant’s profits are climbing despite a trend toward cheaper advertising on smartphones and tablets. The company on Thursday reported net income of $2.97 billion on revenue that rose to $14.89 billion […]
” in Sri Lanka: Packer
Oct 18, 2013 (LBO) – A 400 million US dollar high end casino resort in Sri Lanka would employ 2,500 people and ‘redefine’ luxury tourism in the island, Australia’s Crown group has said.The opposition has said it will reverse tax holidays if it comes to power, and impose a 40 percent tax on gaming revenues […]