Category:
Sri Lanka shares close up 1.5-pct
Feb 10, 2011(LBO) – Sri Lankan stocks closed 1. 5 percent higher Thursday helped by gains in the banking stocks, brokers said. The All Share Price Index closed at 7,493.62, up 1.57 percent (116.18 points) while the Milanka Price Index of more liquid stocks closed at 7,230.35, up 0.37 percent (26.60 points) according to stock […]
Port Project
Feb 10, 2011 (LBO) – Infrastructure work on a new container port next to Sri Lanka’s existing Colombo harbour that will expand capacity has neared the halfway mark and is on schedule, officials said. Deputy ports minister Rohitha Abeygunawardene said the construction of the breakwater and dredging of the harbour basin will be completed by […]
Oilfield Vessel
Feb 10, 2011 (LBO) – Greatship India is considering giving orders for bigger and more sophisticated vessels to Sri Lankan ship builder Colombo Dockyard, its managing director Ravi Sheth said after taking delivery of a 26 million US dollar craft. Sheth said Greatship has so far placed orders for 11 vessels with Colombo Dockyard, the […]
Fresh Start
Feb 10, 2010 (LBO) – Sri Lanka’s Union Bank which is going for an initial public offer selling 15 million shares at 25 rupees after its capital was boosted by several private investors including Malaysia’s Genting group, officials said. Officials say unaudited results for the full year indicate a profit of 148 million rupees. Next […]
Changing Control
Feb 10, 2011 (LBO) – Sri Lanka’s Distilleries Group has struck a deal to sell a controlling stake in the island’s pioneering unit trust management company, National Asset Management Ltd or NAMAL, a statement said. Distilleries subsidiary Milford Holdings is expected to earn 455 million rupees for the 70 percent stake in the mutual fund. […]
Margin Gains
Feb 10, 2011 (LBO) – Sri Lanka’s Central Finance, a regulated finance firm said net profits for the December 2011 quarter rose 72 percent to 472 million rupees as margins widened amid falling rates. For the nine months to December Central Finance reported profits of 1.19 billion rupees, up 69 percent giving earnings per share […]
Broader Cover
Feb 10, 2011 (LBO) – Sri Lanka’s unit of UAE-based Etisalat will add 170 new base stations to expand and strengthen its network in former war-torn areas in the North and East of the island by April, an official said. “We are already in the North and will be adding 170 new towers in the […]
Sri Lanka World Cup warm-ups shifted
February 10, 2011 (AFP) – Heavy monsoon rains have forced the International Cricket Council to move World Cup warm-up matches from Sri Lanka’s Pallekele stadium, tournament organisers said Thursday. Sri Lanka has been hit by monsoon downpours since December hampering preparation of the pitches at the newly-built Pallekele venue in the island’s central district. Pallekele […]
Muralitharan signs for Gloucester T20 bid
LONDON, February 9, 2011 (AFP) – Sri Lankan cricket legend Muttiah Muralitharan will play for Gloucestershire’s Twenty20 side after agreeing a two-year deal with the English county, it was announced Wednesday. “Whenever I have watched and observed Murali he has always had and shown an infectious love for the game of cricket. This is something […]
Bernanke under fire in Congress; blames China
WASHINGTON, February 10, 2011 (AFP) – Federal Reserve chairman Ben Bernanke fended off criticism that he is ignoring the risk of rising prices Wednesday, as he faced a hostile Republican-controlled panel in Congress. “We remain unwaveringly committed to price stability,” Bernanke told the House of Representatives budget committee, rejecting claims that rising prices for food […]
Sri Lanka Treasuries yields steady
Feb 09, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with the government selling 13. 5 billion rupees in bills after offering 11. 0 billion rupees of paper for roll-over. The government’s debt office which is a unit of the Central Bank said the 3-month yield eased one basis point to […]
Sri Lanka stocks close lower
Feb 09, 2011(LBO) – Sri Lankan stocks closed 0.1 percent lower Wednesday amid profit taking, brokers said. The All Share Price Index closed at 7,377. 44, down 0.10 percent (7.60 points) while the Milanka Price Index of more liquid stocks closed at 7,203. 75, up 0.06 percent (4.66 points) according to stock exchange provisional figures. […]