Category: Industry
Migrant Plight
Feb 26, 2011 (LBO) – The International Labour Organisation has urged Libya to protect the rights of migrant workers caught up in the current conflict and ensure their basic right to freedom of association. Libyan leaders must put an immediate stop to the massive killings, large-scale violence and generalized repression unleashed against peaceful demonstrations of […]
Tipping Point
Feb 26, 2011 (LBO) – The global seafarers union has warned it would advise members against sailing in the Indian Ocean to avoid Somali pirates and mocked as “ludicrous” naval action that confiscate guns and set pirates free to strike again. The Somali piracy crisis comes at a time when the global merchant marine faces […]
Sri Lanka rejects EU trade deal: European lawmaker
Feb 25, 2011 (LBO) – Sri Lanka has told the European Union it does not want to renew a trade deal that was withdrawn over EU concerns about human rights abuses in the island’s ethnic war, a visiting EU lawmaker said. Jean Lambert, member of the European Parliament, said talks with Sri Lankan government officials […]
Sri Lanka wild life park lures Shangri-La
Feb 25, 2011 (LBO) – Hong Kong based Shangri-La hotels has looked at two sites including one close to a well-known wild life reserve in southern Sri Lanka to site its second proposed hotel, an official said. Deputy minister for economic development Lakshman Yapa Abeywardene said visiting Shangri-La officials had examined a site close to […]
Pakistan grapple with Sri Lanka M-factor
February 24, 2011 (AFP) – Pakistan will look to blunt Lasith Malinga and wily off-spinner Muttiah Muralitharan in their Group A encounter against Sri Lanka on Saturday, with captain Shahid Afridi confident of a win. Co-hosts Sri Lanka, champions in 1996, and 1992 winners Pakistan are off to flying starts in the tournament with convincing […]
Sri Lanka want World Cup win for Murali
February 24, 2011 (AFP) – Sri Lanka want to win the World Cup as a farewell trophy for legendary spinner and world record holder Muttiah Muralitharan who will retire from international cricket after the tournament. The spinner, who holds the records for Test (800) and one-day wickets (521), is playing his fourth and final World […]
Bank Net
Feb 24, 2011 (LBO) – Sri Lanka’s NDB Bank’s net profit for the December 2010 quarter rose 25 percent to 607 million rupees from a year earlier while the full year net rose 3. 0 percent to 2.14 billion rupees. The bank is reporting 26.22 rupees earning per share for the year. In the December […]
Net Margins
Feb 24, 2011 (LBO) – Sri Lanka’s Commercial Bank said profits in the December 2010 quarter rose 46.8 percent to 1.77 billion rupees while the full year profits rose 31 percent to 5.5 billion rupees, helped by stronger credit growth. The non-performing loan ratio has improved to 4.22 percent by end December 2010, from 6. […]
‘ Parley
Feb 24, 2011 (LBO) – The heads of east Asian central banks begin a meeting in the Sri Lankan capital Colombo Friday to discuss challenges facing monetary authorities in emerging markets after the global financial crisis. The Central Bank of Sri Lanka will host the 46th South East Asian Central Banks (SEACEN) Governors’ conference, high-level […]
Mobile Profits
Feb 23, 2011 (LBO) – Sri Lanka’s Mobitel, a unit of Sri Lanka Telecom said it had made profit after tax of 1. 51 billion rupees (13.7 million US dollars) in the year to December 2010 turning around from a loss of 395 million a year earlier. Sri Lanka’s telecom regulator put in floors to […]
Merchant Profits
Feb 23, 2011 (LBO) – Merchant Bank of Sri Lanka (MBSL), a unit of state-run Bank of Ceylon said group profits for December 2010 rose 243 percent on wider interest margins and higher non-operating incomes. MBSL, which also has a finance company, an insurer and a savings bank under its wing said group revenues rose […]
Market Risk
HONG KONG, February 23, 2011 (AFP) – Asian stock markets fell further and oil remained high on Wednesday as the leader of major crude exporter Libya warned he would fight “to the last drop of my blood”. Gold opened at $1,397-$1,398.00 an ounce by the close in Hong Kong, up from Tuesday’s finish of $1,400.00-$1,401.00. […]