Category:
Sri Lanka former war zone highlighted in travel guide
Mar 05, 2010 (LBO) – Two British travel writers have published a guide book on tourist attractions in Sri Lanka’s former war zone in the north and east, now accessible to the visitors after 30 years of conflict. Juliet Coombe, a photojournalist for the BBC Lonely Planet guide book, and her co-writer Daisy Perry spent […]
LBR- LBO CFO Forum
Mar 05, 2010 (LBO) – Accounting principals have been the same for almost 500 years, but the role of the accountant has evolved from a book keeper and today’s finance managers should play a more active role in steering the business, a senior accounting professional said. “Ever since Italian monk Pacioli came up with double […]
Economic Laws
Feb 05, 2010 (LBO) – Sri Lanka will fast-track legislation related to the economy when a new parliament convenes on April 22 after national polls, international trade minister Gamini Lakshman Peiris said. “We have an opportunity to develop the economy we have not had for more than 20 years,” minister Peiris told reporters. “It is […]
Pocket Money
March 05, 2010 (LBO) – Etisalat’s new Sri Lankan mobile subsidiary is in talks with banks to offer financial services on mobile phones, such as money transfers for migrant workers in the Middle East, a senior company official said. Riyaaz Rasheed deputy chief executive of Etisalat Lanka said the mobile operator is seeking to tie-up […]
EU expects free trade deal with India by October
NEW DELHI, March 4, 2010 (AFP) – The European Union expects to clinch a free trade pact with India by October, the EU’s trade chief said Thursday, as the 27-member trading bloc pushes to secure new markets across Asia. “The deal should be done by the next summit between the EU and India in October,” […]
Sri Lanka to protect Colombo from floods with Chinese finance
Mar 05, 2010 (LBO) – Sri Lanka will build a flood protection system for parts of the capital Colombo with Chinese funding, a government minister said. Colombo suburbs of Kotte, Dehiwela-Mount Lavinia, Maharagama, Kesbewa and Moratuwa will be protected from storm water flooding by the project, minister Gamini Lakshman Peiris said. The 6,800 million rupees […]
Sri Lankan stocks end up, Asian Alliance stake sold
March 04, 2010 (LBO) – Sri Lankan stocks closed up Thursday and passed the 3,800 points mark as investors bought midcap and selected high value shares, while a big stake in Asian Alliance Insurance changed hands, brokers said. John Keells Holdings closed at 168.00 rupees, down 75 cents, and Distilleries Company of Sri Lanka closed […]
Home Loan
Mar 04, 2010 (LBO) – Pan Asia Banking Corporation (PABC) is looking to diversify its loan book by wooing customers to take its ‘Express Nivasa’ housing loan scheme that gives quick loan approvals to future home owners. “The housing sector went through some trouble last year,” A G Weerasinghe, chairman at PABC said. “Houses that […]
Senior Interest
Feb 04, 2010 (LBO) – A scheme to pay ‘bonus interest’ of one fifth above prevailing interest rates to senior citizens from January 01 would cost the people about 1. 2 billion rupees a year, a government minister said. The cabinet of minister had approved a proposal on Wednesday to pay extra interest for deposits […]
Sri Lanka tea prices recover as crops fall
Mar 04, 2010 (LBO) – Prices of Sri Lankan teas grown at higher elevations mainly by regional plantations companies recovered at this week’s Colombo auctions as quality improved and crops began to fall, brokers said. Auction average prices have stayed at record highs in the past two months, they said. “The dearer trend in prices […]
Water Supply
Mar 04, 2010 (LBO) – Two water supply purification plants supplying Sri Lanka’s capital Colombo will be upgraded with finance from Hungary, minister Gamini Lakshman Peiris said. A proposal to rehabilitate purification plants of the Labugama and Kalatuwawe reservoirs of Sri Lanka’s state-run National Water Supply and Drainage board has been approved by the cabinet […]
Bangladesh police arrest Facebook share tipster
DHAKA, March 4, 2010 (AFP) – A Dhaka-based Facebook stocks tipster with over 10,000 followers has been arrested on charges of illegally manipulating Bangladesh’s overheated stock exchange, police said Thursday. Mahbub Sarwar, 26, a prolific blogger who provided online stock tips through the popular social networking site, will be charged with market manipulation, Mohammad Sohel, […]