Category: Industry
Stocked Up
July 17, 2012 (LBO) – London Stock Exchange group said its Millennium Exchange software has been deployed at the Mongolian Stock Exchange, making in the third location to go live with the platform after Italy and South Africa. “The development of stable, efficient and transparent capital markets infrastructure is a vital step in Mongolia’s journey […]
Investment Award
July 17, 2012 (LBO) – NDB Investment Bank, a unit of Sri Lanka’s NDB group said it had been ranked the best investment bank in Sri Lanka by Euromoney, a specialist financial publication in its 2012 awards. NDBIB struck a partnership with DBS Bank Singapore last year. Vajira Kulatilaka, head of NDB group’s investment banking […]
Screech
July 17, 2012 (LBO) – Sri Lanka’s new vehicle registrations plunged 46 percent to 21,587 in June 2012 from a year earlier, with new three wheelers falling 64 percent an analysis by an equities research unit has shown. An analysis of new vehicle registrations by JB Stockbrokers said new car registrations fell 66 percent to […]
Sri Lanka and India economic ties: time running out: envoy
July 16, 2012 (LBO) – While Sri Lanka was delaying the signing of an economic partnership deal, despite India being prepared to offer concessions, similar deals were being rapidly wrapped up with other countries and regions, India’s envoy to Colombo said. Sri Lanka and India worked out a draft agreement for a Comprehensive Economic Partnership […]
Maritime Map
July 15, 2012 (LBO) – Sri Lanka is at the centre of the “next great shift” in the shipping and ship building industry that is underway, the head of the world’s largest classification society said. The island’s location, big port construction projects and plans to expand its hub role, makes it well-placed to emerge as […]
Debate brewing over Sri Lanka tea blending plans
COLOMBO, July 15, 2012 (AFP) – Sri Lanka’s tea industry is deeply divided over plans to boost earnings by importing cheaper leaves for blending and re-export, over fears the changes could water down the “Pure Ceylon” brand Pure Ceylon — using the country’s colonial-era name — is to tea what single malt is to whisky, […]
Sri Lanka tourist arrivals up 21-pct in June
July 15, 2012 (LBO) – Tourist arrivals to Sri Lanka rose 21.6 percent to 65,245 in June 2012 from a year earlier, with arrivals up to June rising 18.7 percent to 452,867, data from the state tourism promotion office showed. In the first half of 2012, the top generating market was India, with 85,426 up […]
Sri Lanka suggests single clearance document for regional trade
July 14, 2012 (LBO) – A single document that harmonises different regulations of South Asian countries for clearing cargo would help boost regional trade, Sri Lanka’s external affairs minister Gamini Lakshman Peiris said. Trade among countries of the South Asian region was far below its potential and simplified procedures were needed to increase volumes, he […]
Securitization
July 13, 2012 (LBO) – Sri Lanka’s Multi Finance Plc, a registered finance company said it had raised 350 million rupees from the sale of asset-backed securities to fund hire purchase loans. The tenor of the securitization was not mentioned by most vehicle purchase loans in Sri Lanka are for four years. Sri Lanka’s interest […]
Offshore Support
July 13, 2012 (LBO) – Colombo Dockyard has delivered the first of a series three vessels to support offshore oil and gas fields for Greatship Global Offshore Services of Singapore. The Multipurpose Platform Supply Vessel (MPSV), delivered Wednesday, is designed by Seatech Solutions International (S) of Singapore, and is the latest new build by the […]
Running Ships
July 12, 2012 (LBO) – Sri Lanka can get into maritime businesses like ship management as it improves its position as a shipping hub in south Asia with the construction of two big deep-water ports, an official said. The island has a lot of potential in supply chain management and logistics from a ship management […]
Human Capital
July 11, 2012 (LBO) – Sri Lanka’s shipping industry will need more trained workers specializing in key areas of the shipping business as the island treads a path to become a regional logistics hub, an industry official said. The new Colombo port is expected to increase annual capacity to 13 million containers from the current […]