Category: Industry
Management Skills
Nov 11, 2011 (LBO) – BRC Partnership, a consultancy based in Carrickfergus, Northern Ireland, is to provide management training and coaching for businesses in Sri Lanka, the British high commission said in a statement. Vicky Kell, Invest NI Trade Director said the joint venture deal was “an important success” for a Northern Ireland company specialising […]
Flat Quarter
Nov 11, 2011 (LBO) – Sri Lanka’s DFCC Bank group reported profits of 529 million rupees in the September 2011 quarter, hardly changed from 524 million a year earlier, with net interest income narrowing, interim accounts showed. The group reported earnings of 2. 0 rupees for the quarter. For the six months it reported earnings […]
Hatton Profits
Nov 11, 2011 (LBO) – Profits of Sri Lanka’s Hatton National Bank rose 32 percent to 1,380 million rupees in the September 2011 quarter, from a year earlier, helped by a lower tax rate and provision reversals, interim accounts showed. The group reported earnings of 3.79 for the quarter. For the nine months to September […]
‘s Malinga holds key in one-day series
DUBAI, November 10, 2011 (AFP) – Rival captains Misbah-ul Haq and Tillakaratne Dilshan agreed sling-action paceman Lasith Malinga could make the difference when Pakistan and Sri Lanka play their first one-day international here on Friday. The 28-year-old fast bowler, who bowls with a round-arm action is fresh from his exploits in last month’s Champions League […]
Sri Lanka dealers offer lower prices if older car imports allowed
Nov 09, 2011 (LBO) – Sri Lankan importers of used Japanese vehicles said they can sell cars for around two million rupees each if allowed to import slightly older vehicles and a tax anomaly removed. Yoga Perera, president of the Vehicle Importers’ Association, said they had asked for the concessions in the government budget that […]
US List
Nov 09, 2011 (LBO) – Virtusa Corporation, a Nasdaq listed information technology company founded by Sri Lankan born entrepreneurs has been included in a list of 100 small best small companies in America, the company said. “We are delighted to be recognized on Forbes’ list of 100 Best Small Companies in America, said Kris Canekeratne, […]
Sri Lanka named among emerging travel destinations
Nov 09, 2011 (LBO) – The global travel and tourism industry has identified Sri Lanka as part of a group of emerging countries with potential as attractive holiday destinations behind the so-called BRICS nations. The World Travel Market 2011 Industry Report said the island was ‘re-emerging’ after the 30-year ethnic war and noted it for […]
Sri Lanka land to Sheraton after Chinese deal cancelled
Nov 09, 2011 (LBO) – Global hotel chain Sheraton is looking to acquire a plot of prime property in the Sri Lankan capital whose sale without tender to a Chinese defence contractor was cancelled by government last month. “The government valuer is now valuing the land.” CATIC had been offered and had looked at different […]
Bank Net
Nov 09, 2011 (LBO) – Profits at Sri Lanka’s Nations Trust Bank, a unit of John Keells Holdings rose 22 percent to 433 million rupees in the September 2011 quarter, helped by lower taxes despite weaker interest margins. The bank reported earnings of 1. 91 rupees per share for the quarter. For the nine months […]
Leasing Interest
Nov 09, 2011 (LBO) – An initial public offer of shares by Sri Lanka’s People’s Leasing Company to raise 7. 0 billion rupees drew applications with a total value of 9,527 million rupees, a stock exchange filing said. People’s Leasing Co., the island’s largest leasing company, offered 390 million shares at 18 rupees a share. […]
Tele Profit
Nov 08, 2011 (LBO) – Sri Lanka Telecom, the island’s only wireline operator, which also owns a mobile firm said profits rose 3 percent to 1,058 million rupees in the September 2011 quarter from a year earlier, with revenues staying flat at 12. 6 billion rupees. The group said broadband and mobile services were growing […]
State Upgrade
Nov 08, 2011 (LBO) – Sri Lanka’s state-run Peoples’ Bank has been upgraded by one level to ‘AA(lka)’ from ‘AA-(lka), with a stable outlook on state support and an upgrade of the sovereign in July 2011. “The rating reflect Fitch’s expectation of government support, underpinned by the bank’s increasing importance to the state post-war, systemic […]