Category:
Galleon Case
NEW YORK, March 23, 2011 (AFP) – Goldman Sachs boss Lloyd Blankfein on Wednesday testified at the biggest Wall Street insider trading trial in years about how a former director at the storied bank broke confidentiality rules. Blankfein said former Goldman director Rajat Gupta broke the firm’s internal regulations in 2008 by giving hedge fund […]
Niche Target
Mar 24, 2011 (LBO) – Sri Lanka’s information technology and business process outsourcing sector is positioning itself as a niche player targeting finance and accounting, telco, travel and aviation sectors, an official said. “We will focus on SMEs (small and medium enterprises), more that 90 percent of us are working with SMEs in other countries,” […]
‘s wealthy for charity
NEW DELHI, March 24, 2011 (AFP) – Two of the world’s richest men, Bill Gates and Warren Buffett, took their charity roadshow to New Delhi on Thursday where they hope to coax their Indian peers to part with some of their wealth. Buffett, 80, and Gates, 55, who are close personal friends, were to meet […]
‘s fake pilots
NEW DELHI, March 24, 2011 (AFP) – India’s fake pilot scandal began unravelling when a female captain landed her packed airliner on the nose instead of the rear wheels as she touched down in the holiday hotspot of Goa. Parminder Kaur Gulati, flying for the fastest-growing airline in the booming Indian sector, IndiGo, was investigated […]
Sri Lankan Airlines expands cargo network
Mar 24, 2011 (LBO) – Sri Lankan Airlines is expanding its cargo network with the opening of its first agent’s office in Galle in the island’s southern province where economic activity is growing. A statement by the national carrier said its SriLankan Cargo unit aims to increase revenue for the airline. SriLankan Airlines Cargo Sales […]
England are underdogs against Sri Lanka, says Prior
March 23, 2011 (AFP) – Matt Prior admitted England have not played their best cricket in the World Cup and will be underdogs in their quarter-final against Sri Lanka on Saturday. England, who have never won the tournament, endured a rocky ride in the first round, losing to Ireland and Bangladesh but beating South Africa […]
Sri Lanka FDI to pick up with hotels and port: Treasury secretary
Mar 24, 2011 (LBO) – Sri Lanka’s foreign direct investments will pick up with planned projects in ports and hotels valued at 500 million dollars each, finance ministry secretary P B Jayasundera said. He said a concession agreement has been signed in the Colombo port for a new terminal that will need 500 million US […]
” for Colombo
Mar 24, 2011 (LBO) – Four areas of Sri Lanka’s capital Colombo run by local government bodies will be brought under a new state entity whose head will be appointed by the island’s president, the government’s information office said. Areas coming under Colombo Municipal Council, Dehiwela-Mt Lavinia Municipal Council, Sri-Jayawardenapura- Kotte Municipal Council, Kolonnawa Urban […]
Sri Lanka Pelwatte Sugar parent trims stake
Mar 24, 2011 (LBO) – Sri Lanka’s Master Divers (Pvt) Ltd, the parent of Pelwatte Sugar Industries said it had sold down 2.66 million shares at prices ranging from 37.10 to 40.10 rupees. By December 2010, Master Divers had 81.74 percent of Pelwatte Sugar and Master Divers chairman Ariyaseela Wickramanyake had a 3.24 percent stake. […]
Sri Lank Treasuries yields steady
Mar 23, 2011 (LBO) – Yields on Sri Lanka’s Treasury bills were largely steady at the weekly auction with the government rolling over nine billion rupees in maturing bills, a statement said. The government’s debt office, a unit of the Central Bank, said the three-month yields edged up one basis point to 6.98 percent, six-month […]
Sri Lanka shares close down 0.18-pct
Mar 23, 2011 (LBO) – Sri Lankan shares ended mixed in choppy trade, with the indices going in different directions and Guardian Capital Partners dropping 83.15 percent, brokers said. Tea Smallholder Factories was the day’s top gainer, closing at 224. 50 rupees, up 54.50 rupees or 32 percent although only 200 shares were traded. Foreign […]
Sri Lanka sees interest from Marriot, Hyatt
Mar 23, 2011 (LBO) – International hotel chains Marriot and Hyatt have shown interest in Sri Lanka’s southern Hambantota city, which is bidding for the 2018 Commonwealth Games, an official said. Sri Lanka’s tourist development authority chief Nalaka Godahewa said Marriot and Hyatt have looked for land in Hambantota to build hotels, though no applications […]