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” nations by UN measure: Central Bank
May 19, 2014 (LBO) – Sri Lanka was a ‘less indebted’ nation on five out of six measures used by the United Nation’s Economic and Social Commission for Asia and the Pacific to measure foreign indebtedness, the Central Bank said.In ‘Disbursed External Debt Outstanding/Gross National Income’ Sri Lanka was placed moderately indebted (between 30 to […]
The Kingsbury hotel in Sri Lanka in profits after make-over
May 18, 2014 (LBO) – The Kingsbury hotel in Colombo which was re-branded and rebuilt after being taken over by Sri Lanka’s Hayleys group has posted the profits of 42 million rupees the March 2014 quarter, interim accounts showed.The firm reported earnings of 20 cents per share for the quarter. In the March 2013 quarter […]
” dinosaur found in Argentina
BUENOS AIRES, May 17, 2014 (AFP) – Paleontologists in Argentina’s remote Patagonia region have discovered fossils of what may be the largest dinosaur ever, amid a vast cache of fossils that could shed light on prehistoric life.Finding so many individual dinosaurs at one site could confirm the hypothesis that these herbivores lived in herds, as […]
‘s Modi prays by Ganges on symbolic victory lap
VARANASI , May 17, 2014 (AFP) – Indian prime minister-elect Narendra Modi offered prayers by the river Ganges Saturday in a religious ceremony beamed live on television that underlined his Hindu nationalist roots a day after his stunning electoral triumph. The 63-year-old leader of the Bharatiya Janata Party (BJP) swept through the capital earlier Saturday, […]
Sri Lanka celebrates end of war
MATARA, May 18, 2014 (AFP) – President Mahinda Rajapakse led celebrations at a major victory parade Sunday to mark the fifth anniversary of the end of Sri Lanka’s Tamil separatist war, after banning commemorations for its victims.As the envoys of Western nations stayed away from the parade, a defiant Rajapakse insisted he would not bow […]
Steady Gains
May 17, 2014 (LBO) – Profits at Sri Lanka’s National Development Bank rose 135 percent from a year earlier to 1.19 billion rupees in the March 2014 quarter, amid positive loan growth, interim accounts showed. Group total assets grew 12 percent to 197 billion rupees and net assets were up 1 percent to 24.7 billion […]
India PM-elect Modi to make triumphant Delhi entrance
NEW DELHI, May 16, 2014 (AFP) – India’s prime minister-elect Narendra Modi was to make a triumphant entrance to New Delhi Saturday after leading his Hindu nationalist party to an historic landslide victory in the world’s largest election. The former tea-boy, whose humble background is a world away from that of the prevailing Delhi elite, […]
Sri Lanka return to winning ways
LONDON, May 17, 2014 (AFP) – Sri Lanka secured their first victory on English soil this season with a crushing 128-run win over Kent in a one-day match at Canterbury on Friday.Sri Lanka next play Sussex at Hove on Sunday before facing England in a lone Twenty20 international and five-match one-day series starting next week.The […]
Sri Lanka shares close up 0.5-pct
May 16, 2014 (LBO) – Sri Lanka’s stocks closed 0.48 percent higher with strong foreign buying amid Indian stock market moved up more than six percent to a record high on Friday, brokers said. Ceylon Tobacco Company closed 17.70 rupees higher at 1,089.50 rupees and Sri Lanka Telecom closed 1.40 rupees higher at 48.00 rupees, […]
Sales Drive
May 16, 2014 (LBO) – Singer (Sri Lanka) Plc, a consumer durables retailer said there was a pick-up in demand in the March 2014 quarter thought economic conditions were still sluggish and installment collections were difficult. “This leaves us with optimism that there will be a double digit growth in the 2nd quarter of 2014 […]
Brand Summit
May 16, 2014 (LBO) Senior corporates leaders and marketing professionals from Sri Lanka and the region will come together at a one day conference in Colombo this month to share their expertise and experience as disruptive digital technologies change rules of brand building.Digital technologies are influencing the tastes and preferences of consumers, and are fast […]
” Indians
VADODARA, May 16, 2014 (AFP) – Narendra Modi promised to work to “fulfil the dreams of 1.2 billion people” as he addressed cheering supporters for the first time Friday after a landslide Indian election victory for his Hindu nationalist party.A sea of well-wishers from across his constituency of Vadodara in Gujarat turned out to hear […]