Category:
Foot Wear
Oct 12, 2013 (LBO) – British shoemaker Clarks is expanding in Sri Lanka, and has seen unexpected success in women’s shoes, an official said.“We thought it will be dominated by men since the women shoes are little bit expensive,” he said. “But the response shows that we were wrong. Because women look differentiate in products […]
Maldivian president ends re-election bid
MALÉ, October 12, 2013 (AFP) – Maldivian President Mohamed Waheed has withdrawn his candidature for fresh elections which were ordered by the Supreme Court after a previous round of voting was annulled, an official said Saturday.However, a Commonwealth probe said the transfer of power was constitutional. A new president must be in office in the […]
Sri Lanka stocks take breather, rupee steady
Oct 11, 2013 (LBO) – Sri Lanka stocks ended a seven-day rally to close 0.17 percent lower Friday and the rupee gained slightly against the US dollar, brokers and dealers said. The rupee gained slightly against the US dollar trading at 131.07/10 in late trading in the spot market after opening at 131.12/13. Dealers said […]
Mortgage Profits
Oct 11, 2103 (LBO) – Profits at Sri Lanka’s HDFC Bank rose to 108.4 million rupees in the September 2013 quarter from 9,000 rupees, a year earlier with higher interest and fee income, interim results showed. The bank reported earnings of 1.68 rupees per share for the quarter. In the nine months to September, the […]
Online Reports
Oct 11, 2013 (LBO) – Sri Lanka’s credit information office will give online access for individuals to check their own status and get reports, an official said.The Bureau has credit information about 600,000 credit records relating to 400,000 customers. Sri Lanka’s Credit Information Bureau (CRIB) collects information from customers of 95 institutions. The information is […]
Sri Lanka tourist arrivals up 26.2-pct in September
Oct 11, 2013 (LBO) – Sri Lanka’s tourist arrivals rose 26.2 percent to 89,761 in September 2013 from a year earlier with visitors up 15.5 percent to 693,772 in first nine months data from the state tourism office showed. Up to September Western European visitors were up 14.4 percent to 307,831. Western European visitors peak […]
Culture war as the Maldives tourism turns true capitalist
MALÉ, October 11, 2013 (AFP) – The Maldives is one of the world’s most exclusive holiday destinations but it has quietly opened up to backpackers in the last five years with a reform that has upset religious hardliners. Most visitors arrive at the country’s airport island, take a speed boat or seaplane to their expensive […]
Miss Universe apologises to India over Taj photoshoot
NEW DELHI, October 11, 2013 (AFP) – Organisers of Miss Universe extended their “deepest apologies” to India over a photo shoot at the Taj Mahal that triggered a police case and accusations that she disrespected the famed monument to love. Reigning Miss Universe Olivia Culpo, a 21-year-old American from Rhode Island, visited the Islamic mausoleum […]
‘s eastern coast
NEW DELHI, October 11, 2013 (AFP) – A cyclone barrelling towards India’s east coast intensified overnight, leading weather forecasters to warn Friday of a “very severe” storm that could cause widespread damage and flooding.Cyclone Phailin was expected to hit the impoverished states of Orissa and Andhra Pradesh on Saturday evening, accompanied by a storm surge […]
” rating confirmed: Fitch
Oct 08, 2013 (LBO) – Fitch Ratings has confirmed a ‘AAA(lka)’ rating of Sri Lanka’s Ceylon Gilt-Edged Fund managed by Ceylon Asset Management Limited. “The ‘AAA(lka)’ National Fund Credit Rating is driven by the fund’s investment in government securities and repurchase agreements backed by government securities only,” Fitch Ratings said. It was also given a […]
Housing Debt
Oct 10, 2013 (LBO) – RAM Ratings Lanka has rate a planned two billion rupee listed secured debt sale by HDFC Bank, a mortgage lender ‘BBB’. The bank itself is also rated ‘BBB’. RAM said the ratings are backed by majority state ownership of HDFC. The full statement is reproduced below:- RAM Ratings Lanka assigns […]
Lonely planet found floating without star
WASHINGTON, October 9, 2013 (AFP) – Astronomers said Wednesday they have found a lonely planet outside the solar system floating alone in space and not orbiting a star.Other telescopes in Hawaii showed that the planet has similar properties to those of gas giants orbiting around young stars, but PSO J318.5-22 lacks a host star. During […]