Category:
Sri Lanka Treasuries yields ease
Oct 08, 2013 (LBO) – Sri Lanka’s Treasuries yields eased at Wednesday’s auction with the 12-month yield falling 02 basis points to 10.50 percent, data from the state debt office showed. The 6-month yield fell 02 basis points from two weeks ago to 8.58 percent. Last week bids for both 3 and 6 months were […]
Sri Lanka stocks up 0.21-pct, rupee steady
Oct 09, 2013 (LBO) – Sri Lanka stocks closed 0.21 percent higher with foreign investors interest while domestic speculative play was seen on some stocks, brokers said. The Colombo benchmark All Share Price Index closed 12.90 points higher at 5,909.95, up 0.22 percent, after reaching an intraday high of 5,932.32, provisional data showed. The S&P […]
No Bribery
Oct 08, 2013 (LBO) – Ceylon Tobacco Company, a unit of British American Tobacco has denied media reports which gave the impression that it had attempted to bribe the island’s health minister to stop pictorial health warnings.Sri Lankan media carried reports last month attributed to health minister Maithripala Sirisena that the tobacco industry had attempted […]
‘s Bharti end joint venture
MUMBAI, October 9, 2013 (AFP) – Global retail giant Walmart and Indian firm Bharti said on Wednesday they were ending their partnership in the country’s retail sector and would now operate separate businesses.The companies said in a joint statement that they would “discontinue their franchise agreement in the retail business” in India and would “independently […]
Sri Lanka ex-skipper Dilshan ends Test career
COLOMBO, October 9, 2013 (AFP) – Sri Lanka’s former skipper and opening batsman Tillakaratne Dilshan is to retire from Test cricket but will remain available for shorter versions of the game, the country’s cricket board said Wednesday.Dilshan, who will be 37 on Monday, is due to hold a make a formal announcement at a press […]
Sri Lanka Commonwealth meet targets US$2bn in investments: official
Oct 09, 2013 (LBO) – A business forum coinciding with the Commonwealth Heads of Government Meeting (CHOGM) in Sri Lanka is targeting about 2 billion US dollars of investment leads, an official said.Foreign minister G L Pieris said Sri Lanka was showcasing its advantages of location, free trade deals with key economies and human resources […]
Sri Lanka mortgage lender to sell Rs2bn in debt
Oct 08, 2013 (LBO) – Sri Lanka’s HDFC Bank, a mortgage lender is planning to sell 2.0 billion rupees in secured debt. Fitch has rated the lender ‘BBB(lka)’ rating with a stable outlook. The Colombo Stock Exchange said it had approved the sale of 10 million 100 rupee debentures with an option to sell another […]
Sri Lanka stocks close 0.5-pct higher, rupee steady
Oct 08, 2013 (LBO) – Sri Lanka stocks closed up 0.51 percent on continued investor interest in tobacco stocks and speculative trading and the rupee fell slightly on importer demand, brokers and dealers said. The rupee fell slightly to 131.20/23 against the US dollar in late trading the spot market on importer demand, dealers said. […]
Talent Forum
Oct 08, 2013 (LBO) – Sri Lanka’s information technology and outsourcing industry chamber said it is holding a forum on human resources to help over challenges faced by the sector. Among the panellists are, chief executive ACCA, Ajantha Dharmasiri, senior faculty member, Postgraduate Institute of Management, Niroshan Silva, managing director Training Consortium and Dananjaya Hettiarachchi, […]
Maldives asks for support after election annulled
MALÉ, October 8, 2013 (AFP) – The Maldives government on Tuesday urged all parties to support fresh elections after the Supreme Court annulled last month’s results, even though international observers had said those polls were free and fair. buy Hours before the ruling, six masked men set fire to a private television station that supports […]
Maldives Supreme Court annuls presidential vote
MALÉ, October 7, 2013 (AFP) – The Maldives Supreme Court Monday annulled the results of last month’s presidential elections, in a move likely to deepen international concern amid high tensions on the troubled Indian Ocean archipelago.The court annulled the first round of voting, which was held on September 7 and won by former leader Mohamed […]
Sri Lanka JKH resort goes to Korean builders: report
Oct 08, 2013 (LBO) – Sri Lanka’s John Keells Holdings has awarded a consortium led by South Korea’s Korea’s Hyundai Engineering and Construction, a 522 million US dollar contract to build an integrated resort, a media report said. Hyundai E&C has a 65 percent stake in the construction consortium (339 million US dollars), Keangnam Enterprises, […]