Category:
Video Call
Jan 28, 2011 (LBO) – Sri Lanka’s Microsoft say a new product, Lync 2010, that offers audio, video and web conferencing will help companies cut cost by reducing travel and communication costs. The software is a single platform that integrates instant messaging, presence, audio, video and web conferencing to bring people together in the ways […]
Divisions over Sri Lanka book festival boycott call
GALLE, January 28, 2011 (AFP) – Does it make sense to defend freedom of speech by calling on writers not to speak at a literary festival? South African novelist Damon Galgut pulled out explicitly because of the campaign, while Turkish Nobel laureate Orhan Pamuk and fellow writer Kiran Desai withdrew last week for reasons which […]
Sri Lanka stocks close 0.4-pct lower
Jan 27, 2011(LBO) – Sri Lankan stocks closed down Thursday with poultry stocks running out of steam, while price banks also kept plantation stocks in check, brokers said. The All Share Price Index closed at 7,211.11, down 0.42 percent (-30.76 points) while the Milanka Price Index of more liquid stocks closed at 7,195.82, down 0.35 […]
Finance Rating
Jan 27, 2011 (LBO) – Sri Lanka’s Arpico Finance Company’s long-term rating has been confirmed at BB and its outlook lifted ‘positive’ from ‘stable’ on better asset quality and adequate capital, RAM Ratings said. Arpico Finance’s short-term rating has been confirmed at NP, RAM Ratings said. Outlook on the long-term rating has been revised to […]
Sri Lanka poultry firm net up five fold in Dec
Jan 27, 2011 (LBO) – Sri Lanka’s Bairaha Farms, a poultry breeder and processor said net profits for the December 2010 quarter rose 546 percent to 163 million rupees from a year earlier, with revenues growing 25 percent to 706 million rupees. The poultry industry is experiencing strong demand and high prices after a slump […]
Sri Lanka US embassy opens cultural link to Jaffna
Jan 27, 2011 (LBO) – Sri Lanka’s US embassy said it had set up an ‘American Corner’ in the northern Jaffna city, which will help people tap educational opportunities, knowledge and information technology. “An American Corner is much more than a small library where people can read books, magazines, or current newspapers,” Ambassador Patricia Butenis […]
Sri Lanka Treasuries yields flat
Jan 26, 2011 (LBO) – Sri Lanka’s Treasury bills yields were steady at Wednesday’s auction with the government raising 13. 2 billion rupees after offering to 11. 5 billion rupees of bills for roll-over. The 3-month yield was flat at 7.01 percent, the 6-month yield was up one basis point to 7. 10 percent and […]
Sri Lanka stocks up on poultry
Jan 26, 2011 (LBO) – Sri Lanka stocks closed 0.23 percent higher with poultry stocks being chased higher by punters, while some plantations stocks also moved up, while the broader index closed higher than an index of liquid stocks, brokers said. The All Share Price Index closed at 7,241.87, up 0.23 percent (6.63 points) while […]
Standard Measures
Jan 26, 2011 (LBO) – The Sri Lanka chapter of US based Chartered Financial Analysts (CFA) is promoting the adoption of Global Investment Performance Standards (GIPS) which is useful to attract foreign capital, an official said. The standards are checked by a ‘verifier’ usually an auditor. Rajiv Casie Chitty, the GIPS chair at CFA Sri […]
Age Limit
Jan 26, 2011 (LBO) – Sri Lanka has raised the minimum age of those going abroad as domestic workers to 21 years from 18 to mainly to protect young female workers, the government said. “As per the data nearly 50 percent of Sri Lankans migrating for foreign employment are females of which large category goes […]
Sri Lanka shifts venues for Windies ODIs
January 26, 2011 (AFP) – Sri Lanka has switched venues for next week’s one-day series against the West Indies to Colombo, an official said Wednesday, as both teams prepare for next month’s World Cup. The games will be played during the day at the Sinhalese Sports Club ground in Colombo, Sri Lanka Cricket media manager […]
‘s ex-chief loses appeal over parliamentary seat
January 25, 2011 (AFP) – Sri Lanka’s jailed former army chief Sarath Fonseka, who tried to unseat the president in elections, on Tuesday lost an appeal to retain his parliamentary seat. The Supreme Court ruled that a court martial verdict in September finding him guilty of arms procurement offences meant that he was no longer […]