Category:
Vehicle Trend
Nov 04, 2013 (LBO) – Sri Lanka’s new vehicles registrations slowed across the board in September 2013 from a month earlier, though two wheelers showed growth, an analysis by an equities research house showed.New motor car sales which have been climbing for four straight months from 1,887 in June to 2,559 in August fell to […]
Sri Lanka in Sea Dream mega-yacht cruise itinerary
Nov 04, 2013 (LBO) – Sri Lanka has been included in the Indian Ocean itinerary of boutique US-based boutique cruise firm, Sea Dream Yacht Club, which caters to upmarket travellers using mega-yachts.The firm is represented in Sri Lanka by Helanka Vacations.The next Sea Dream cruise covering India, Sri Lanka and Singapore is scheduled for April […]
Sri Lanka Ports Authority container throughput up 8-pct
Nov 04, 2013 (LBO) – Sri Lanka Ports Authority has seen an 8 percent increase in containers handled up to October with volumes topping 2.0 million containers by October, an official said.Sri Lanka Ports Authority owns and operates the Jaye container terminal in Colombo. SLPA operations director Upali Soyza said its terminal had handled 2,066,000 […]
‘s Trans Asia Hotel net down 10-pct
Nov 04, 2013 (LBO) – Sri Lanka’s Trans Asia Hotel Plc, which owns Colombo’s Cinnamon Grand Hotel said profits fell 10 percent to 194 million rupees in the September 2013 quarter from a year earlier.The firm reported earnings of 97 cents per share.For the six months to September the firm reported earnings of 1.58 rupees […]
More Equal
LONDON, November 3, 2013 (AFP) – Britain is scrapping a plan to force visitors from six “high-risk” countries to pay a cash bond of £3,000 (US ,800, 3,500 euros), the interior ministry said on Sunday.Nick Clegg, leader of the Liberal Democrats, told BBC television in September that he was “absolutely not interested in a bond […]
‘s Eden Hotel buys 76-room resort
Nov 03, 2013 (LBO) – Sri Lanka’s Eden Hotel Lanka Plc said it is buying a 76-room resort for 1.5 billion rupees from LOLC Leisure, its holding company. The company has six acres of land. In January 2012, LOLC group said it bought Dickwella Resort and Spa for 1,014 million rupees. Corrected Dickwella Resorts and […]
Outlook Cut
Nov 02, 2013 (LBO) – Fitch Ratings has lowered the outlook on Sanasa Development Bank’s ‘BB+(lka)’ rating from ‘positive’ to ‘stable’. “The revision of the Outlook on SDB reflects an unexpected deterioration in its credit profile,” Fitch Ratings said. “SDB has failed to sustain the improvement in its capitalisation and to maintain its asset quality […]
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 […]