Category:
Tele Profits
Feb 23, 2011 (LBO) – Sri Lanka Telecom said it made a profit of 1,542 million rupees in the December quarter from a loss of 379 million rupees a year earlier, helped by a turnaround of its mobile unit, while revenues rose 6 percent to 12. 9 billion rupees. Malaysia’s UT group owns 49.8 percent […]
Sri Lanka elephant paintings on sale at national carrier
Feb 23, 2011 (LBO) – Sri Lanka’s state-run national carrier SriLankan airlines said it will sell paintings by an elephant through the in flight duty free sales collection. The paintings are drawn by Sindu an elephant at the Temple of the Tooth Relic in the central Sri Lankan city of Kandy. The elephants paints with […]
Sri Lanka, India ferry not seen hitting airlines
Feb 23, 2011 (LBO) – The resumption of ferry links between India and Sri Lanka after a war is not likely to affect air lines, especially budget carriers, at least initially, officials and analysts said. The ferry services are likely to cater to a different market than airlines unless or until voyages quicker than the […]
Sri Lanka eye return to Pakistan – cricket official
HAMBANTOTA, February 23, 2011 (AFP) – Pakistan’s cricketing isolation could end in October if Sri Lanka, who were targeted in a deadly terror attack in Lahore two years ago, agree to tour the troubled country. Sri Lankan officials said Wednesday they were in talks with the International Cricket Council’s Pakistan Task Team (PTT) to explore […]
Market Risk
HONG KONG, February 23, 2011 (AFP) – Asian stock markets fell further and oil remained high on Wednesday as the leader of major crude exporter Libya warned he would fight “to the last drop of my blood”. Gold opened at $1,397-$1,398.00 an ounce by the close in Hong Kong, up from Tuesday’s finish of $1,400.00-$1,401.00. […]
Sri Lanka looks to evacuate 1,200 in Libya as Asian nations pull out citizens
NEW DELHI, February 23, 2011 (AFP) – Asian nations on Wednesday prepared evacuation plans for more than 100,000 migrant workers trapped in Libya, many of them low-paid labourers toiling on construction sites. Arrangements to use passenger ships, planes and land routes to Egypt were being considered by governments as they try to secure their citizens’ […]
Sri Lanka keeps tabs on market pulse for sovereign bond sale
Feb 22, 2011 (LBO) – Sri Lanka will study market conditions for a bond sale this year, Treasury secretary P B Jayasundera said. “We have to study the market conditions,” Jayasundera said. “In any case it takes about six months preparation to launch a bond.” Last September Sri Lanka raised a billion dollars from international […]
Sri Lanka shares end 1.3-pct lower
Feb 22, 2011(LBO) – Sri Lankan stocks closed 1. 34 percent down with losses seen across the board, brokers said. The All Share Price Index closed at 7,514.74, down 1.34 percent (102.45 points) while the Milanka Price Index of more liquid stocks closed at 7,160.38, down 1.09 percent (78.94 points) according to stock exchange provisional […]
Motor Sale
Feb 22, 2011 (LBO) – United Motors, local agents in Sri Lanka for brand new Mitsubishi vehicles, has sold its subsidiary Orient Financial Services Corporation for 230 million rupees, a stock exchange filing said. The buyer of the unit, which does vehicle leasing and contract hire business, was People’s Venture Investment Company, part of the […]
Sri Lanka looks for working group to iron out fishery poaching
Feb 22, 2011 (LBO) – Sri Lanka is looking to begin talks through a joint working group with India to find a long term solution to fishery poaching in Sri Lanka’s northern waters, President Mahinda Rajapaksa said. “We want to re-activate the mechanism of an India and Sri Lanka joint working group to find a […]
Health Cost
Feb 22, 2011 (LBO) – Sri Lanka faces rising health care costs as the population ages with an increase in non-communicable diseases (NCD) like diabetes, heart disease, cancers and asthma, a recent World Bank study said. “More effective legislation on the use of trans fats and tobacco and educating the public to reduce salt and […]
‘s PM concedes to new telecom scam probe
NEW DELHI, February 22, 2011 (AFP) – India’s premier on Tuesday bowed to opposition pressure to set up a cross-party probe into the government’s tainted 2008 sales of telecom licences which cost the country up to billion. Observers say the ruling Congress party’s woes have led to policy drift with important economic reform legislation put […]