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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, […]
Sri Lanka and India ink deal for 500MW coal plant
Oct 08, 2013 (LBO) – Sri Lanka and India has inked a deal to build a 500MegaWatt joint venture coal power plant, in the island’s North Eastern coast which is expected to come on stream by 2018.Sri Lanka’s power ministry secretary MMC Ferdinando, chairman of state-run Ceylon Electricity Board WB Ganegala and NTPC chairman Arup […]
Canada threatens to pull Commonwealth funding
NUSA DUA, October 8, 2013 (AFP) – Canada’s Prime Minister Stephen Harper has threatened to withdraw funding for the Commonwealth in an escalating row over rights abuses by Sri Lanka ahead of a summit next month.Harper confirmed late Monday that he was boycotting the November 15-17 summit in Colombo, citing “the absence of accountability for […]
Sri Lanka stock close 0.5-pct higher, rupee steady
Oct 07, 2013 (LBO) – Sri Lanka stocks closed 0.50 percent higher on continued investor interest in tobacco and diversified stocks, and the rupee was steady against the dollar, brokers and dealers said. Currency dealers said volumes were thin in the foreign exchange market with demand for US dollars matching supply. The rupee traded at […]
Steady State
Oct 07, 2013 (LBO) – Fitch Ratings said it had confirmed an ‘AA-(lka)’ rating of Sri Lanka’s Sampath Bank (SB) with a stable outlook.“Fitch believes that SB’s asset quality may weaken in 2013, in line with its expectation for the sector, but would continue to compare well against most ‘AA(lka)’ category-rated private bank peers,” the […]
Marketing Award
Oct 07, 2013 (LBO) – Indunil Liyanage, chief marketing officer of state-run Bank of Ceylon has been named among the ’50 most talented CMOs’ at Golden Globe Tiger Awards 2013 in Malaysia.The awards were held at the World Marketing Summit in Kuala Lumpur on September 30, an event associated with Philip Kotler, distinguished Professor of […]
Babel
Oct 07, 2013 (LBO) – Sri Lanka’s Sinhala speakers would soon be able to use Google translate, a tool that allows readers to translation languages into one another, an official said.“The development is being done as we speak,” Rohan Jayaweera, country consultant for US-based Google Inc told an LBR-LBO Summit forum. “I am sitting in […]
Television channel set on fire amid Maldives crisis
COLOMBO, October 7, 2013 (AFP) – Unidentified attackers set fire to the main pro-opposition television network in the Maldives on Monday ahead of a crucial court ruling on whether suspended presidential elections should go ahead, officials said.At least six men stormed the offices of the Raajje television network in a pre-dawn attack and set fire […]