Category:
Sri Lanka airline caterer says 9-month profits up 40-pct
Feb 22, 2011 (LBO) – Sri Lankan Catering, a unit of state-run SriLankan Airlines, a firm slated for a public listing said profits for the 9-months to December 2010 rose 40 percent to 640 million rupees. SriLankan Catering also runs an industrial laundry facility in Katunayake and a 24-roomed transit hotel at the airport. Last […]
Sri Lanka shares fall on profit-taking
Feb 21, 2011(LBO) – Sri Lankan stocks closed 0.72 percent lower Monday on profit-taking by retail investors after a recent rally, brokers said. The All Share Price Index closed at 7,617.19, down 0.72 percent (-55.30 points) while the Milanka Price Index of more liquid stocks closed at 7,239.32, down 0.04 percent (-2.83 points), according to […]
Margin Growth
Feb 21, 2011 (LBO) – Sri Lanka’s Nations Trust Bank’s (NTB) net profit for the 2010 financial year rose 58 percent to just over a billion rupees from a year ago as interest margins grew, a stock exchange filing said. Diluted earnings per share for the financial year ending December 31, 2010 were 5. 28 […]
‘s program in tourism
Feb 21, 2011 (LBO) – Sri Lanka’s Colombo University has started a Master’s program in tourism to cater to the need for highly qualified professionals in the industry which is growing fast after the end of a 30-year war. “Now that the tourism industry is picking up fast there is a need for advanced qualifications […]
Sri Lanka Balangoda Plantations profit, management fee up sharply
Feb 21, 2011 (LBO) – High commodity prices helped Sri Lanka’s Balangoda Plantations managed by the Stassen group turn a profit in the December 2010 quarter with management fees exceeding profits, its accounts showed. The firm made a December 2010 quarter net profit of 35 million rupees against a loss 105 million rupees the year […]
‘ Forum
Feb 21, 2011 (LBO) – Sri Lanka Institute of Marketing (SLIM), an industry body, is hosting a forum on consumer trends to promote more research based marketing and best practices. “As the national body of marketing we want to encourage best practices in terms of research, advertising, branding and sales,” SLIM president Rohan Somawansa, President, […]
Sri Lanka navy foils smuggling mission to Australia
February 21, 2011 (AFP) – Sri Lanka arrested 17 would-be illegal immigrants aboard a trawler allegedly heading to Australia, the navy said Monday. The boat was detected off the southern coast of Hambantota on Thursday and brought ashore for investigations, the navy said in a statement. Boats from Sri Lanka take up to three weeks […]
Sri Lanka power utility in black in 2010: minister
Feb 21, 2011 (LBO) – Sri Lanka’s state-run power utility, the Ceylon Electricity Board, came out of the red in 2010 but is expected to make a 16 billion rupee loss in 2011 on a planned path to break even in 2014, power minister Patali Ranawaka said. The Ceylon Electricity Board made a profit of […]
Bring on Pakistan, say confident Sri Lanka
HAMBANTOTA, February 21, 2011 (AFP) – Former Sri Lanka captain Mahela Jayawardene said his team was looking forward to their first real test in the World Cup against Pakistan after crushing Canada in their opening match. Jaywardene gave the 1996 champions a flying start with an 80-ball century to help his team to a solid […]
Kenya, Canada steamrollered at World Cup
NEW DELHI, February 20, 2011 (AFP) – New Zealand crushed Kenya Sunday in an embarrassingly one-sided World Cup mismatch and joint hosts Sri Lanka destroyed Canada on a sobering day for the minnows of the game. Kenya were beaten by 10 wickets after being dismissed for just 69 — their lowest ever World Cup total […]
‘s confusing investment signals
Feb 21, 2010 (LBO) – I am often asked about how Sri Lanka is doing after the war. How much investment has come in, now that the LTTE monkey is off our backs. I tell them about the USD 500m from Shangri La. The other 500m investment by the Chinese aerospace conglomerate CATIC. Billion in […]
‘s
Feb 21, 2011 (LBO) – A devaluation of Vietnam’s currency by 9.0 percent may increase bank bad loans, especially where dollar loans were given to customers with local currency revenues and hurt capital, Moody’s, a rating agency has said. A weaker dong increases prices throughout the economy, with internationally traded goods, whether imported or exported […]