Category:
Rate Expectations
Jan 22, 2014 (LBO) – Sri Lanka’s policy rates will probably be kept at current levels for the next three to six months, a media report said as inflation remained subdued compared to earlier levels.“There may be some other adjustments that we may need to make in the economy as we move on, but from […]
Sri Lanka, Korea in bid to boost trade, investment
Jan 22, 2014 (LBO) – A business forum in Sri Lanka on January 30 with the participation of a top Korean trade and investment promotion official is targeting greater business links between the two countries, organizers said. Weon Cheol Koh, head of KOTRA, the Korean and trade and investment promotion office will address the forum, […]
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SHARJAH, January 21, 2014 (AFP) – Departing Pakistan coach Dav Whatmore said he ended his tenure on a happy note with his team winning the third Test, and admitted he may still return in another capacity.“This victory (against Sri Lanka) will be ranked up there, the series win in India and one-day win in South […]
‘s RAM exits Sri Lanka rating agency
Jan 21, 2014 (LBO) – Malaysia’s RAM Holdings said it has sold its Sri Lanka subsidiary RAM Ratings (Lanka) Ltd to the management.“RAM has successfully nurtured a local team to continue building the company’s considerable market share in the rated bond market…,” K Govindan, group chief executive of RAM Holdings said in a statement. “We […]
SriLankan Airlines seeks US$275mn in foreign financing
Jan 21, 2014 (LBO) – State-run SriLankan Airlines is seeking at least 275 million US dollars in foreign financing, a top official said as the airline is on track to acquire new Airbus aircraft. Sri Lanka’s state has promised a 500 million US dollar injection to the airline over five years to recapitalize the airline. […]
Sri Lanka stocks close flat
Jan 21, 2014 (LBO) – Sri Lanka stocks close flat Tuesday with banking and plantation stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 3.14 points lower at 6,153.54, down 0.05 percent. The S&P SL20 closed 2.45 points higher at 3,428.16, up 0.07 percent. Turnover was 414.14 million rupees, down from […]
Sri Lanka hoteliers showcase industry to students
Jan 21, 2014 (LBO) – Sri Lanka’s hotels are showcasing the industry to students in several parts of the country starting through a series of seminars and hotel visits. The Hotels Association of Sri Lanka (THASL) in association with Negombo Hoteliers Association and Institute of Tourism and Hospitality Management (ITHM) will conduct the first seminar […]
Sri Lanka Telecom expands broadband coverage
Jan 20, 2014 (LBO) – Sri Lanka Telecom said it had expanded broadband service coverage by deploying fourth generation wireless technology to areas that are not served by its wired network.From January data volumes on all broadband packages had been increased. SLT provides broadband services through ADSL (assymetrical-digital-subscriber-lines), fibre to home and now through 4G […]
Sri Lanka stocks close up 0.4-pct
Jan 20, 2014 (LBO) – Sri Lanka stocks close up 0.42 percent Monday reversing last Friday’s losses with index heavy stocks gaining, brokers said. Cargills Ceylon closed 50 cents lower at 146.00 rupees and Bukit Darah closed 5.00 rupees higher at 620.00 rupees. Lion Brewery Ceylon closed 1.00 rupee lower at 379.00 rupees and Aitken […]
Giant Vessel
SEOUL, January 20, 2014 (AFP) – South Korean shipbuilder Hyundai Heavy Industries said Monday it had started construction on a Chinese order for the world’s largest container ships.China Shipping Container Lines (CSCL) awarded the contract for the five vessels — each with a capacity of 18,400 TEU (20-foot equivalent unit) container boxes — to Hyundai […]
Sri Lanka US$7.8mn resort opens
Jan 20, 2014 (LBO) – A 96-room hotel built with an investment of 7.8 million US dollars has opened in Sigiriya in central Sri Lanka. The Aliya (elephant in Sinhalese language) Resort & Spa, is constructed on a 22-acre area to blend with villages in the area, Sri Lanka’s economic development ministry said after minister […]
Broad Expansion
Jan 20, 2014 (LBO) – Sri Lanka Telecom said it had expanded broadband service coverage by deploying fourth generation wireless technology to areas that are not served by its wired network.From January data volumes on all broadband packages had been increased. SLT provides broadband services through ADSL (assymetrical-digital-subscriber-lines), fibre to home and now through 4G […]