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Sri Lanka cricket captain to talk business with directors
Mar 01, 2013 (LBO) – Sri Lanka cricket captain Kumar Sangakkara will address top business executives at an event organized by the Sri Lanka Institute of Directors. The interview will also cover the views of the Cricket Captain on women in the game, celebrity status big money and corruption in sports. The forum will held […]
Nothing There
Mar 01, 2013 (LBO) – Cairn Lanka (Pvt) Ltd has not found any oil in its fourth exploration well, its parent company said in a stock exchange filing.Cairn India said the well found “thick high quality re servoir sands, which were not hydrocarbon bearing,” and it was plugged and abandoned. The data from the well […]
” rating confirmed: RAM Ratings
Feb 28, 2013 (LBO) – RAM Ratings Lanka said an ‘A+’ long term and ‘P1’ short term rating of Lanka Hospital Corporation Plc, has been confirmed with a stable outlook. The firm is 54 percent owned by the state through its control by state-run Sri Lanka Insurance Corporation Plc. RAM said state support was expected. […]
Bank Gains
Feb 28, 2013 (LBO) – Profits at Sri Lanka’s Sampath Bank rose 48.2 percent to 1.3 billion rupees in the December 2012 quarter from a year earlier, accounts filed with the Colombo Stock Exchange showed. The group reported earnings of 8.20 rupees per share for the quarter. For the year to December the group reported […]
‘s Kandy Hotels in Rs1.5bn refurbishment
Feb 28. 2013 (LBO) – Kandy Hotels Co (1938) Plc, which controls two hotels in Sri Lanka’s central hill city of Kandy said it will start a 1.5 billion rupee refurbishment of the properties with the help of a Singapore based architectural firm. Corrected. Year of completion 2014 The firm said Hotel Suisse’ and Kandy’s […]
‘s inflation 9.8-pct in February 2013
Feb 28, 2013 (LBO) – Sri Lanka’s consumer prices rose 9.8 percent in February 2013 from a year earlier, with the index rising 0.4 percent during the month, the state statistics office said. Inflation was also 9.8 percent in January. The state statistics office said food and non-alcoholic beverages rose 0.6 percent and non-food items […]
Sri Lanka to double pay to graduate recruits: report
Feb 28, 2013 (LBO) – Sri Lanka will soon double the pay of around 50,000 unemployable graduates absorbed into state service to 23,000 rupees a month, a media report said.Sri Lanka’s ‘Yes FM’ a radio station, station broadcast economic development minister Basil Rajapaksa as saying in a speech that monthly allowances for the graduate trainees […]
Big Lender
Feb 27, 2013 (LBO) – Profits at Commercial Bank of Ceylon, Sri Lanka’s largest private lender, rose 22 percent to 2.4 billion rupees in the December 2012 quarter from a year earlier, helped by higher net interest income and lower provisions.The group reported earnings of 2.92 rupees per share for the quarter, in quarter accounts […]
Sri Lanka consumer durable imports slow in 2012: biz chamber
Feb 27, 2013 (LBO) – Growth in consumer electronics imports to Sri Lanka have slowed following a fall in the exchange rate and higher interest rates and China has increased its share, a business chamber has said.Sri Lanka’s Ceylon Chamber of Commerce said, machinery and mechanical appliances classified under chapter 84 of the international harmonized […]
Sri Lanka Treasuries yields flat
Feb 27, 2013 (LBO) – Sri Lanka’s Treasuries yields were flat at Wednesday’s auction with the 3-months with 18.7 billion rupees in bids being accepted from the market after 15.0 billion rupees of maturing bills being offered, the state debt office said.The 3-month yield eased 01 basis point to 9.09 percent, the 6-month yield was […]
Sri Lanka bond yields edge up
Feb 26, 2013 (LBO) – Sri Lanka has sold 2.0 billion rupees of 5-year bonds maturing on November 15, 2018 to yield 10.97 percent, and 10-year bonds maturing on January 01, 2023 to yield 11.76 percent, the state debt office said.The 5-year bond yield was up from the last auction where a slightly shorter tenor […]
Sri Lanka stocks slide 1.1-pct, rupee held
Feb 26, 2013 (LBO) – Sri Lanka’s stocks slid 1.15 percent Tuesday amid a broad based sell-off ahead of an UN resolution over human rights later in the week and the rupee held steady with selling by a state bank, brokers and dealers said. Colombo’s benchmark All Share Index fell 66 points to 5,669.48 points […]