Category:
Tele Reach
Oct 05, 2010 (LBO) – Sri Lanka’s ETV, a terrestrial broadcaster covering the island’s western province, has put its programming on Dialog TV, a unit of Dialog Axiata, reaching a fast growing subscriber base around the country, officials said. Lanka Business Online is a related entity of ETV. “Today we have 200,000 homes, hotels, hospitals, […]
‘s landmine legacy
MANNAR, October 5, 2010 (AFP) – Valmathi Jegadas is a different sort of mine clearer to the testosterone-fuelled explosives specialists portrayed in the 2008 Oscar-winning Hollywood hit, The Hurt Locker. A farmer’s wife in northern Sri Lanka, Jegadas, 37, earns 200 dollars a month risking her life, and she admits being scared each time she […]
Sri Lanka exports slow in July on fall in apparel
Oct 05, 2010 (LBO) – Sri Lanka’s exports slowed in July 2010 for the first time in four months, dragged down by a fall in apparel shipments, its biggest industrial export, the Central Bank said. Earnings from exports were up just 0.6 percent to 656 million US dollars in July 2010 from a year ago […]
Sri Lanka takes bronze in weightlifting
Oct 05, 2010 (LBO) – Sri Lanka’s Anton Kurukulaasooriyage took bronze with a final lift of 152kg for an overall 272 in the Commonwealth Games in New Delhi Tuesday, AFP news agency reported. The gold was won by Aricco Jumitih of Malaysia, their second weightlifting gold medal of the Commonwealth Games, when he edged compatriot […]
Malaysia, Nigeria put Indian hopes in shade
NEW DELHI, October 4, 2010 (AFP) – India’s highly-rated Commonwealth Games weightlifting squad were shoved into the shadows on Monday when their gold medal hopes were shattered by an ex-drugs cheat and a Nigerian schoolgirl. Malaysian veteran Amirul Hamizan Ibrahim, whose career was interrupted by a two-year doping suspension in 2005, regained his 56kg title […]
Gas Grin
Oct 05, 2010 (LBO) – Sri Lankan liquid petroleum gas supplier Laugfs Gas is seeking to raise 2. 5 billion rupees in an initial public offer opening on November 04, 2010, a stock exchange filing said. Laugfs Gas will offer for subscription 75 million ordinary voting shares at 23 rupees a share, to raise 1,725 […]
Sri Lanka business caught napping by war-end: senior banker
Oct 05, 2010 (LBO ) – Sri Lanka’s large enterprises were caught napping by the end of a 30-year war, and smaller firms which required less planning were first off the mark, a senior banker has said. The central bank had said that by July 2010 loans from commercial banks to the private sector rose […]
Sri Lanka Telecom looks to raise US$125mn
Oct 04, 2010 (LBO) – Sri Lanka Telecom, the island’s largest fixed access operator, may raise 125 million US dollars from bonds to fund expansion if the terms are right, as business conditions in the island improve, an official said. “We want to raise 125 million US dollars,” SLT’s chief financial officer Shiron Gooneratne said. […]
” rating from RAM
Oct 04, 2010 (LBO) – Sri Lanka’s Lankem Ceylon, a strong player in the island’s agro chemicals market has been given a long term rating ‘A-‘ by RAM Ratings Lanka with a stable outlook. “The ratings reflect stable demand for agrochemicals and dominant market positions in most business lines; however the ratings are pressured by […]
Sri Lankan stocks close down 0.80-pct
Oct 04, 2010 (LBO) – Sri Lankan shares closed down on Monday, pulled down by falls in index heavy stocks, while big stakes of Hatton National Bank (HNB) changed hands in private deals pushing turnover over 12 billion rupees, brokers said. John Keells Holdings, an index heavy conglomerate closed at 349.00 rupees, down 5.50. The […]
Risky Ventures
Oct 04, 2010 (LBO) – Sri Lankans investing in unregulated investment schemes face higher risks and should not expect government bailouts if their investments go sour, the banking regulator has warned. Central bank governor Nivard Cabraal said the regulator has repeatedly warned the public of the risk of investing money in unregulated institutions and publicised […]
Tele Trends
Oct 04, 2010 (LBO) – Sri Lanka’s mobile subscribers grew 25.4 percent to 15.86 million in the second quarter of 2010 from a year earlier and a wireline contraction has bottomed out, official data shows. At the end of the second quarter of 2010 Sri Lanka had 15.86 million mobile users up from 11.49 million […]