Category:
Bank Numbers
Apr 28, 2011 (LBO) – Sri Lanka’s Pan Asia Bank said March 2011 quarter net profit shot up 190 percent to 196 million rupees from a year ago with sharp gains in both interest and non-interest income. Earnings per share for the quarter went up to 1.33 rupees from 0.61 rupees, according to interim results […]
Sri Lanka gets Indian aid to revive fish net factory
Apr 28, 2011 (LBO) – Sri Lanka is to get Indian aid to revive and expand a fish net factory in the northern Jaffna peninsula where fishing is a key economic activity under efforts to help fishermen resume their livelihood. The Northsea factory at Gurunagar was damaged during the island’s 30-year ethnic war which ended […]
Sri Lanka gets Korean loan for solid waste disposal
Apr 28, 2011 (LBO) – Sri Lanka is to get a loan equivalent to 33,536 million US dollars (41,886 million rupees) from South Korea to build four facilities for disposal of solid waste which is a growing problem in the island. The Korea Economic Development Fund of the Export – Import Bank of Korea is […]
SriLankan Airlines gets second floatplane
Apr 28, 2011 (LBO) – SriLankan Air Taxi, the domestic arm of SriLankan Airlines, has acquired its second floatplane as island-wide operations expand and it plans to start daily flights to another town. The twin-engined aircraft De Havilland Twin Otter aircraft was flown in to Bandaranaike International Airport, north of Colombo, from Canada on April […]
Sri Lanka insurers in campaign to raise awareness
Apr 28, 2011 (LBO) – Sri Lankan insurance companies are to launch a campaign to raise public awareness of their products, saying they were not understood properly by people and penetration was far too low. The industry comprises of 18 insurance companies offering either life insurance, non life of general insurance or both classes together […]
Sri Lanka exports up 37-pct in February
Apr 28, 2011 (LBO) – Sri Lanka’s exports rose 36. 8 percent to 860.3 million US dollars in February with apparel exports rising 47.5 percent to 366.6 million US dollars while imports rose 27 percent to 1. 23 billion US dollars, the Central Bank said. Industrial exports rose 45.4 percent to 658.4 million US dollars. […]
Sri Lanka rupee strengthens below 110 to greenback
Apr 28, 2011 (LBO) – Sri Lanka’s rupee strengthened to below 110 to green back as the dollar slid to record lows against currencies issued by other monetary authorities with higher interest rates, dealers said. The spot dollar was quoted around 109.90/95 in mid morning trade. The Australian dollar, rose to a 29-year high against […]
Sri Lanka Vietnam economic links to widen with re-opened embassy: envoy
Apr 28, 2011 (LBO) – Sri Lanka could attract investments from Vietnam if the path is clear and the two nations could increase two-way trade and tourism rapidly, Ton Sinh Thanh, Hanoi’s envoy heading a newly re-opened embassy in Colombo, said. FDI Vietnam itself is receiving tens of billions of dollars of investment from Japan, […]
Fed chief hums and haws in historic press meet
WASHINGTON, April 27, 2011 (AFP) – His voice cracked and pinched. When necessary — most of the time — he retreated into policy jargon. With markets ready to pounce on any odd choice of words, US central bank chief Ben Bernanke was clearly nervous as he fielded reporters’ questions after a policy meeting for the […]
Sri Lanka Treasuries yields edge up
Apr 27, 2011 (LBO) – The yields on Sri Lanka’s treasury bills edged higher at Wednesday’s auction with 10 billion rupees worth maturing bills being rolled over, the government’s debt office said. The yield on three-months bills rose one basis point to 7.04 percent with 2.7 billion rupees in bills being sold and the yield […]
Sri Lanka chases better rating ahead of bond sale: report
Apr 27, 2011 (LBO) – Sri Lanka is expecting three rating agencies to visit the island from next month which may lead to a better rating upgrade ahead of a bond sale of at least 500 million dollars for 2011, a media report said. But inflation has picked up since then raising concerns about monetary […]
Sri Lanka stocks end up 0.2-pct
Apr 27, 2011 (LBO) – Sri Lankan shares closed mixed once again Wednesday in dull trade with motor sector shares rebounding from losses sustained after a government import duty hike likely to slow car sales, brokers said. Lanka Ashok Leyland, which imports buses from India and did not fall after the import duty hike, rose […]