Category: Industry
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Feb 25, 2011 (LBO) – Sri Lanka has told the European Union it does not want to renew a trade deal that was withdrawn over EU concerns about human rights abuses in the island’s ethnic war, a visiting EU lawmaker said.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 […]
Sri Lanka, India ferry not seen hitting airlines
Feb 23, 2011 (LBO) – The resumption of ferry links between India and Sri Lanka after a war is not likely to affect air lines, especially budget carriers, at least initially, officials and analysts said. The ferry services are likely to cater to a different market than airlines unless or until voyages quicker than the […]
Sri Lanka elephant paintings on sale at national carrier
Feb 23, 2011 (LBO) – Sri Lanka’s state-run national carrier SriLankan airlines said it will sell paintings by an elephant through the in flight duty free sales collection. The paintings are drawn by Sindu an elephant at the Temple of the Tooth Relic in the central Sri Lankan city of Kandy. The elephants paints with […]
Tele Profits
Feb 23, 2011 (LBO) – Sri Lanka Telecom said it made a profit of 1,542 million rupees in the December quarter from a loss of 379 million rupees a year earlier, helped by a turnaround of its mobile unit, while revenues rose 6 percent to 12. 9 billion rupees. Malaysia’s UT group owns 49.8 percent […]
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 […]