Category:
Disability Network
Nov 29, 2013 (LBO) – Members of Sri Lanka’s Employers Federation of Ceylon, an association of large businesses has expanded a welcome to disabled in the island’s former war zones.Disabled already working in participating companies had also related their experiences at the workshops. EFC and member firms had held workshops in Sri Lanka’s north and […]
Lube Control
Nov 28, 2013 (LBO) – Sri Lanka’s Colombo Dockyard, a ship repair and building firm, found its competitiveness hurt by import restrictions on specialist lubricants.Sri Lanka requires a ‘no objection’ letter from the government to import lubricants as it is a licensed business on which the state has placed import restrictions. A Dockyard official told […]
Sri Lanka begins war tally after international pressure
COLOMBO, November 27, 2013 (AFP) – Sri Lanka was to begin compiling a death toll from its ethnic conflict Thursday as it seeks to fend off growing pressure over allegations of mass killings at the end of the war.While Jaffna held its first provincial elections since the war in September, with the main Tamil party […]
Sri Lanka foreign lenders led by China, export credits up
Nov 28, 2013 (LBO) – Sri Lanka has 1.9 billion US dollars of new bilateral and multilateral commitments up to September 2013 led by China with export credit from other countries also showing increases, a finance ministry report showed. The Exim Bank of China has given 283 million US dollars for railway track, 155.4 million […]
‘s Treasuries yields ease
Nov 27, 2013 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12-month yield falling 06 basis points to 9.69 percent. The 3-month yield fell 04 basis points to 8.06 percent and the 6-month yield fell 05 basis points to 8.80 percent. The debt office offered 11.0 billion rupees of […]
Sri Lanka stocks close lower
Nov 27, 2013 (LBO) – Sri Lanka stocks fell for the fourth straight day with diversified stocks losing ground amid foreign selling, brokers said. HNB closed flat at 144.00 rupees and Lanka Orix Leasing Company closed 1.10 rupees higher at 64.20 rupees. Aitken Spence closed 10 cents lower at 108.00 rupees and Aitken Spence Hotel […]
Channel Expansion
Nov 27, 2013 (LBO) – Sri Lanka’s E-channelling, which runs a service offering online appointments with medical doctors, said it plans to operate similar services in East Asia, collaborating with its main shareholder.This includes Malaysia, Singapore, Indonesia, Phillippines, Taiwan, Korea, China, Vietnam and Thailand. E-channelling said ECL Soft Pvt Ltd, a subsidiary has struck a […]
US administration fights new Iran sanctions by parliament
WASHINGTON, November 26, 2013 (AFP) – The US administration stepped up its battle Tuesday to thwart moves by lawmakers to tighten sanctions on Iran, warning that would jeopardize tough negotiations on Tehran’s nuclear program.It’s not “an all-at-one-time or .. a spigot that’s turned all the way on. It would be a slow process that obviously […]
Sri Lanka state firms to repay debt, but Treasury guarantees up
Nov 27, 2013 (LBO) – Sri Lanka’s state energy firms are repaying debt to banks with returning profits, but off-budget bank borrowings under Treasury guarantees are continuing to climb, finance ministry data showed.Loss-making state enterprises that borrow for consumption spending using savings of private citizens have been a key reason for lower domestic investments and […]
Sri Lanka biz chamber recognizes corporate good works
Nov 27, 2013 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce has announced the winners of its ‘Best Corporate Sustainability Awards’ which encourages firms to get more involved in environmental and social work. Best Corporate Citizen Sustainability Award 2013 Winners- Category A 1. Diesel & Motor Engineering PLC 2. Sampath Bank PLC 3. Aitken Spence […]
Sampath Bank debentures oversubscribed
Nov 26, 2013 (LBO) – Sri Lanka’s Sampath Bank said a listed debt offer for 5.0 billion rupees had been oversubscribed Tuesday and is closing on the same day.The bank offered 5-year debentures paying an annual fixed rate or with six monthly payments. NDB Investment Bank managed the offer.
Sri Lanka stocks close lower
Nov 26, 2013 (LBO) – Sri Lanka stocks fell for the third consecutive day with diversified and property stocks losing ground amid foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 27.66 points lower at 5,748.01, down 0.48 percent. The S&P SL20 closed 14.25 points lower at 3,168.69, down 0.45 percent. Turnover […]