Category:
Expelled
COLOMBO, November 1, 2013 (AFP) – Sri Lankan authorities on Friday wiped all the data from the computer of an Australian media rights activist as she and a colleague were kicked out of the country, a local rights group said.Jacqui Park and fellow Australian Jean Worthington were packed onto a plane that flew out of […]
Vietnam seeks more business with Sri Lanka
Nov 02, 2013 (LBO) – A delegation of 15 Vietnamese companies is visiting Sri Lanka this month seeking local partners and agents, the Ceylon Chamber of Commerce said. There will be business to business meeting on November 18 at the Ceylon Chamber of Commerce office. The firms represent makers of machinery such as rice reapers, […]
Sri Lanka stocks close flat
Nov 01, 2013 (LBO) – Sri Lanka stocks closed flat with a trade in a tile firm pushing turnover above a billion rupees, brokers said. PCH Holdings closed flat at 1.60 rupees and PC House ended up 10 cents to 90 cents. The Colombo benchmark All Share Price Index closed just 0.26 points lower at […]
Bank Status
Oct 31, 2013 (LBO) – Profits at Sri Lanka’s Seylan Bank group fell 17 percent to 535 million rupees in the September 2013 quarter from a year earlier, on higher loan losses, interim accounts showed.The group reported earnings of 1.55 rupees per share. For the nine months to September the group reported earnings of 4.46 […]
‘s Aitken Spence to up Oman hotels to six
Nov 01, 2013 (LBO) – Sri Lanka’s Aitken Spence Hotels will add another hotel to properties under its management in Oman, taking the total to six, an official said.Aitken Spence also owns and manages hotels in India and the Maldives as well as Sri Lanka and is an expanding regional leisure group. The firm operates […]
Google Phone
SAN FRANCISCO, October 31, 2013 (AFP) – Google on Thursday unveiled its Nexus 5 smartphone, putting its premium brand on a device intended to champion the latest version of its Android operating system.The hotly anticipated addition to Google’s Nexus line is powered by a new “KitKat” version of Android, which was redesigned to work across […]
Vast Antarctic sanctuary plans blocked by China, Russia
SYDNEY, November 1, 2013 (AFP) – Plans to create two vast ocean sanctuaries in Antarctica to protect the pristine wilderness failed Friday for a third time with Russia and China blocking the bids, delegates at multi-nation talks said.The proposals for two huge Marine Protected Areas were on the table at the Commission for the Conservation […]
India construction expo seeks Sri Lanka participation
Nov 01, 2013 (LBO) – Organizers of India’s Excon 2013, touted as South Asia’s largest construction equipment fair say Sri Lanka’s construction industry and component makers can benefit from taking part.The show will have 900 exhibitors including 200 construction equipment makers from outside India. “We would like Sri Lankans who are in the construction industry […]
‘s Sampath Bank to sell Rs5.0bn in debt
Oct 31, 2013 (LBO) – Fitch Ratings said a 3.0 billion rupees subordinated debt offer of Sri Lanka’s Nations Trust Bank has been given an expected ‘A-(lka)’ rating. SB could be downgraded if there is an increase in risk appetite, for instance through aggressive lending or weakening of underwriting standards that can put pressure on […]
Sri Lanka stocks close up 0.4-pct
Oct 30, 2013 (LBO) – Sri Lanka stocks closed 0.47 percent higher helped by tobacco and consumer goods stocks and strong foreign purchasing, brokers said. Touchwood ended up 20 cents to 4.10 rupees. PCH Holdings closed flat at 1.70 rupees and PC House closed flat at 80 cents. NDB Bank closed flat at 158.00 rupees […]
Debt Rating
Oct 31, 2013 (LBO) – Fitch Ratings said a 3.0 billion rupees subordinated debt offer of Sri Lanka’s Nations Trust Bank has been given an expected ‘A-(lka)’ rating. The rating agency also confirmed a ‘A(lka)’ long term rating of the bank, which is a notch higher, with a stable outlook.’ “The ratings reflect NTB’s broadly […]
Finance Chief
Oct 31, 2013 (LBO) – Nalin Wijekoon, has been appointed President of the Finance House Association of Sri Lanka, an industry body representing registered finance company. The association started in 1958 with 42 member firms. Wijekoon is chief executive of Softlogic Finance Plc. He has over 30 year’s experienced in the financial sector and has […]