Tag: Sri Lanka
Sri Lanka Commonwealth biz forum begins today
Nov 12, 2013 (LBO) – A three day Commonwealth business forum kicks off today where investment prospects of Sri Lanka and several countries will be showcased and emerging trends in Asia and Africa will come under the spotlight.President Mahinda Rajapaksa will inaugurate the sessions with a keynote address. The first session chaired Rahul Bajaj, chairman […]
Prince Charles becomes pensioner with eye on the throne
LONDON, November 11, 2013 (AFP) – Britain’s heir to the throne Prince Charles can draw his state pension from Thursday when he turns 65 — despite having yet to start the job he has eyed for a lifetime.But when most Britons his age will be settling into their retirement, Charles can be expected to take […]
Sri Lanka Commonwealth biz forum can create wealth, cut poverty: President Rajapaksa
Nov 12, 2013 (LBO) – A Commonwealth business forum in Colombo can forge new partnerships that can create wealth and reduce poverty, Sri Lanka’s President Mahinda Rajapaksa said. Sri Lanka has seen strong economic growth thanks to pragmatic policies, and there was a strategy to go forward making the country an economic hub, he said. […]
Sri Lanka Commonwealth Biz forum the largest ever
Nov 12, 2013 (LBO) – A Commonwealth Business Forum underway in Sri Lanka’s capital Colombo is the largest in the history of the organization, and can be an opportunity to solve employment and skills challenges, officials said.Sri Lanka after the end of a 30-year war presents opportunities for investment as it strives to be an […]
India PM to miss Commonwealth summit in Sri Lanka
NEW DELHI, November 10, 2013 (AFP) – Indian Prime Minister Manmohan Singh will skip this week’s Commonwealth summit in Sri Lanka, the foreign ministry said Sunday, as pressure grows for a boycott of the event over alleged war crimes by Colombo.Singh sent a letter to Sri Lankan President Mahinda Rajapakse on Sunday telling him of […]
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WELLINGTON, November 11, 2013 (AFP) – New Zealand Prime Minister John Key said Monday he will attend a Commonwealth summit in Sri Lanka despite his Indian counterpart pulling out amid pressure for a boycott over alleged war crimes by Colombo.Key said his presence at the Commonwealth Heads of Government Meeting (CHOGM) this week did not […]
Sri Lanka keeps policy rates steady, credit to state easing: Central Bank
Nov 11, 2013 (LBO) – Sri Lanka kept its policy rate corridor steady at 6.50 percent to withdraw excess cash and 8.50 percent to inject money in to the banking system, saying the inflation outlook was benign and state credit demand was reducing. The date for the release of the next regular statement on monetary […]
British TV crew behind war-crime film face Sri Lanka demo
COLOMBO, November 11, 2013 (AFP) – Pro-government activists demonstrated outside Sri Lanka’s main international airport Monday denouncing a visit by Britain’s Channel 4 which produced an award-winning documentary on alleged war crimes during the island’s ethnic war.Activists shouted slogans against a crew from the network as they arrived to cover a meeting of Commonwealth countries […]
Gas Gains
Nov 10, 2013 (LBO) – Profits at Sri Lanka’s Laugfs Gas rose 50 percent to 619 million rupees in the September 2013 quarter from a year earlier, amid easing commodity prices, interim accounts showed. Property and leisure units were in losses. The group reported earnings of 1.60 rupees per share. For the 6-months to September […]
Sri Lanka Tobacco monopoly volumes, revenues drop
Nov 10, 2013 (LBO) – Revenues at Sri Lanka’s Ceylon Tobacco Company dropped in the September 2013 quarter from a year earlier amid multiple tax hikes showing that demand for the addictive product is not as inelastic as earlier envisaged.But the state this time as not been able to gain as much taxes as hoped […]
Sri Lanka Commonwealth Business Forum gets over 1000 participants
Nov 09, 2013 (LBO) – A Commonwealth Business Forum to be held from November 12 to 14 has attracted over 1,100 participants including 500 foreign delegates which will provide exposure to many local businesses, a top trade chamber said. Any Delegate who has not received this access code and password may contact the Ceylon Chamber […]
Sri Lanka firms have to compete at home to win foreign customers: Chamber Chief
Nov 08, 2013 (LBO) – Sri Lankan firms have to first compete in the home market and win customers to be able to export to foreign buyers, the head of a powerful business chamber in the country said. Suresh Shah, head of Sri Lanka’s Ceylon Chamber of Commerce said to win large foreign markets innovation, […]