Category:
Sri Lanka Central Finance raises Rs2.0bn in debt
Dec 10, 2013 (LBO) – Sri Lanka’s Central Finance Plc, a registered finance company has received more than 2.0 billion rupees of orders for its listed debt issue. Central Finance offered 20 million 100 rupee secured redeemable debentures.Managers to the sale, NDB Investment Bank said the issue was oversubscribed shortly after opening and will close […]
Sri Lanka tourist earnings up 26-pct to October
Dec 10, 2013 (LBO) – Sri Lanka has earned 996.2 million US dollars from tourism services in the ten months to October 2013, up 26 percent from a year earlier, data released by the Central Bank showed. The average stay has moved up 10.5 nights from 10 a year earlier, he said. Tourism arrivals rose […]
‘s top carrier
WASHINGTON, 2013 (AFP) – American Airlines emerged as the world’s largest airline Monday, combining with US Airways after a hard-fought battle to overcome US competition concerns.The billion merger was first announced in February, but was held up by an antitrust lawsuit from the US government and backed by several states, worried about the combined airline’s […]
BOI investor services unit at new location
Dec 10, 2013 (LBO) – Sri Lanka’s Board of Investment said its investor service department had been shifted to the 6th floor of Colombo’s World Trade Centre building.The new office was opened by investment promotion minister Lakshman Abeywardene on Tuesday.The department has a staff of over 100 facilitating nearly 1,000 BOI approved firms with processing […]
Sri Lanka stocks close higher
Dec 09, 2013 (LBO) – Sri Lanka stocks end greener Monday with index heavy stocks gaining amid a broad sell-off in the overall market in thin trade, brokers said. Turnover was 332.30 million rupees, down from 779.81 million rupees last Friday, with stocks of 87 firms closing in the red against 79 gainers. The Colombo […]
Commissioned
Dec 09, 2013 (LBO) – Sri Lanka’s Hemas group said it had commissioned an inland container terminal that can store and service 3,000 twenty foot containers.The firm is planning to provide warehousing services in the future. “With the national intent to make Sri Lanka as a transportation hub, this is a one of many steps […]
Nationalism
Dec 09, 2013 (LBO) I feel being honoured by the invitation by the PIM Alumni Association to deliver the Professor Sudatta Ranasinghe Memorial Oration 2013 which is the first in its series.I specifically consider it as a privilege that I have got to do the honours for my long-standing friend for more than four and […]
Air pollution in Europe kills even at guideline levels
PARIS, December 9, 2013 (AFP) – Europeans with long-term exposure to particulate pollution from road traffic or industry run a higher risk of premature death, even if air quality meets EU standards, a study said on Monday.Published in The Lancet, the paper pointed the finger at fine particles of soot and dust, emissions of which […]
Indian shares, rupee rally after opposition party victory
MUMBAI, December 9, 2013 (AFP) – Indian shares hit a record high while the rupee and bonds rallied on Monday after the main opposition Bharatiya Janata Party, widely seen as business friendly, recorded a string of victories in state elections. The party’s success has raised hopes among investors that it could come to power with […]
Cricket: Hafeez praises fighting Afghanistan after T20 win
SHARJAH, December 9, 2013 (AFP) – Pakistan captain Mohammad Hafeez applauded minnows Afghanistan for their fighting performance in the first-ever Twenty20 international between the two nations, saying they are improving fast. Pakistan clinched a last-ball thriller by six wickets in Sharjah on Sunday night after chasing a challenging 138-run target. They needed six runs off […]
Sri Lanka unemployment up amid higher female participation
Dec 09, 2013 (LBO) – Sri Lanka’s unemployment rate had risen to 4.5 percent in the first half of 2013 from 3.9 percent a year earlier, reversing several years of labour market tightening official data showed.The total number of unemployed had risen to 401,000 for the first half of 2013 from 324,000 a year earlier, […]
Commerce ministers approve landmark WTO trade deal
NUSA DUA, December 7, 2013 (AFP) – Commerce ministers on Saturday approved a trade deal securing a new lease on life for the World Trade Organization which could give a $1 trillion boost to the global economy. “It is so agreed,” Indonesian Trade Minister Gita Wirjawan told delegates at a WTO conference in Bali following […]