Category:
Outsourcing Facility
May 01, 2014 (LBO) – Aegis Limited, an outsourcing company, has commissioned a 650-seat facility in Sri Lanka’s capital Colombo that will create 1,000 jobs over the next 12 months, officials said. “There is fantastically educated population in Sri Lanka and the country’s economy is growing rapidly with development in major sectors,” Sandip Sen, Global […]
One dead in bomb blasts at Indian train station: official
CHENNAI, May 1, 2014 (AFP) – Twin bombs planted on a train killed at least one person and wounded nine others in the main southern Indian city of Chennai on Thursday, a railway official said.“At least two people have suffered grievous injuries and seven have minor injuries,” he told reporters in comments aired on Indian […]
Sangakkara backs Farbrace to shine on England return
DURHAM, May 1, 2014 (AFP) – Kumar Sangakkara insists Sri Lanka’s loss will be England’s gain after the controversial defection by Paul Farbrace.The 46-year-old former Kent and Middlesex wicket-keeper shocked Sri Lankan cricket, quitting as the country’s head coach in April after just three-and-a-half months to link-up with Peter Moores’ new-look England set-up. Marvan Atapattu […]
Shrugging off Q1 stall, Fed keeps tapering stimulus
WASHINGTON, April 30, 2014 (AFP) – The US economy nearly froze in the glacial first quarter but emerging signs of vigor kept the Federal Reserve on its stimulus taper track Wednesday. The GDP data came as the World Bank reported Wednesday that China’s rapidly expanding economy could leapfrog the United States this year to become […]
Sri Lanka shares close up 0.6-pct
Apr 30, 2014 (LBO) – Sri Lanka’s shares end 0.60 percent higher Wednesday with tobacco and beverages stocks gaining amid strong foreign participation, brokers said. Foreign investors bought 323.09 million rupees worth shares while selling 378.09 million rupees worth shares. Ceylon Tobacco Company closed 33.90 rupees higher at 1,099.20 rupees and Lion Brewery Ceylon closed […]
Lighthouse Hotel Sri Lanka profits up 46-pct in March 2014 quarter
Apr 30, 2014 (LBO) – Sri Lanka’s The Lighthouse Hotel Plc, said profits in the March 2014 quarter surged 46 percent to 83 million rupees from a year earlier, with revenues also up. Administrative expenses were up 24 percent to 111.8 million rupees. Lighthouse Hotel is part of Sri Lanka’s Jetwing group. The firm reported […]
SriLankan joins Oneworld; first South Asian carrier in global air alliance
Apr 30, 2014 (LBO) – State-run SriLankan Airlines has joined OneWorld, becoming the first South Asian carrier to be part of a global alliance, officials said.Oneworld airlines carry more than 500 million passengers a year on 3,300 aircraft with annual revenues of 140 billion US dollars. SriLankan was officially inducted to oenworld at a ceremony […]
‘s inflation accelerates to 4.9-pct in April
Apr 30, 3014 (LBO) – Sri Lanka’s consumer prices rose 4.9 percent in the 12-months to April 2014, accelerating from 4.2 percent in March, data from the state statistics office showed.Sri Lanka’s inflation was relatively low during the past year with credit growth being weak. Prices rose 0.3 percent during April, with the increase coming […]
Sri Lanka fixed income fund earns 15.49-pct
Apr 29, 2014 (LBO) – Sri Lanka’s First Capital Asset Management (FCAM) said its fixed income fund returned 15.49 percent net of tax in 2013. The fund invests in Treasuries and corporate debt.The First Capital Wealth Fund, said had 849,223 units. Unit of the First Capital Wealth Fund, had a managers buying price of about […]
Sri Lanka Treasuries yields steady
Apr 29, 2014 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with 12-month yield unchanged at 7.02 percent, date from the state debt office showed.The debt office sold 3.9 billion rupees of 6-month bills, 7.4 billion rupees of 12 month bills totaling 11.3 billion rupees after offering 15.0 billion rupees of maturing […]
Sri Lanka stocks close up 0.2-pct
Apr 29, 2014 (LBO) – Sri Lanka’s stocks close up 0.23 percent Tuesday with diversified John Keells Holdings gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 14.31 points higher at 6,186.25 up 0.23 percent. The S&P SL20 closed 10.98 points higher at 3,405.32, up 0.32 percent. Turnover was […]