(News360.lk) Sri Lanka has started negotiations with Global Investment Bank Goldman Sachs to obtain a US$ 1 billion loan facility to help finance the country’s state run petroleum utility CPC.
According to highly credible government sources, a delegation from the Goldman Sachs has arrived in the country during this week and held a round of discussions [...]
January 10, 2012 5:36 PM | Posted in
Economy |
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RAM Ratings Lanka has assigned respective long- and short-term corporate credit ratings of A+ and P1 to Lanka Hospitals Corporation PLC.
The long-term rating has a stable outlook.
RAM says the ratings are upheld by the Hospital’s strong financial profile, liquidity, ongoing state support and the positive outlook for the private healthcare industry.
On the other hand, the [...]
January 10, 2012 4:43 PM | Posted in
Markets |
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Sri Lanka has removed custom duties charged on the importation of Buses, Lorries and Trucks to the country
The move, the Ministry of Finance says, is aimed at maintaining high standard tourist and passenger services and also to help establish a efficient goods transportation system in the country.
The Government has also decided to abolish the import [...]
January 10, 2012 1:57 PM | Posted in
Economy |
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Sri Lanka’s legendary spinner Muttiah Muralitharan has invested in a New Zealand firm which is developing a cricket-scoring application for the IPhone, a Media report said.
Developed by the Wellington start-up CricHQ, the new application will allow users to record and follow live cricket scores.
Already the new application, which Murali has invested along with Stephen Fleming [...]
January 10, 2012 9:44 AM | Posted in
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Colombo Stock Exchange ended the day on negative grounds with the All Share Price Index losing 0.97% to close at 5,872 points while the Milanka Price Index declining by 1.23% to close at a range of 5,020 points.
Three crossings of Commercial Bank shares each priced at Rs. 100 took place today amounting to 1.33 million [...]
January 9, 2012 6:00 PM | Posted in
Markets,
Stock Market |
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Sri Lanka’s booming tourism industry has seen the arrival of the members of the British royal family to the country, a media report said.
Prince and Princess Michael of Kent have toured the country on a private visit including a visit to the Pinnawala Elephant Orphanage that houses the world’s largest herd in captivity.
According to philstar.com [...]
January 9, 2012 4:42 PM | Posted in
Tourism |
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Listed Environmental Resources Investment PLC has appointed Eric Bird Wickramanayake as the firms new Chief Executive Officer.
The new CEO is expected to assume duties starting from 10th January, 2012.
Wickramanayake an MBA holder from the Pepperdine University of California has served as the Chairman of Olancom (Private) Limited and its subsidiaries, which are ERI Group Companies.
He [...]
Sri Lanka’s Central Bank says, improving public confidence on the country’s non Banking financial sector has helped the sector to attract more deposits during the year 2011.
Accordingly, the sector has mustered Rs. 182 billion during the first three quarters of the year 2011, a year on year increase of 32%.
This is following a crisis situation [...]
January 9, 2012 8:30 AM | Posted in
Economy |
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A French tourist who was vacationing in Maldives has found dead this morning, after he went missing last evening, a Media report said.
The tourist who was spending a vacation at Male’s Club Med Kanifinolhu with his daughter and wife has gone missing while he was engaged in swimming off north of Kanifinolhu resort.
He has been [...]
January 8, 2012 1:42 PM | Posted in
Tourism |
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Sri Lanka will receive a US$ 382.37 million loan from India’s Export and Import Bank to restore the Northern railway line, which was destroyed during the three decades of war.
Out of the loan, US$ 149.3 will be used to reconstruct the railway line from Pallai to Kankasanthurai, while another US$ 86.52 million will be used [...]
January 7, 2012 12:49 AM | Posted in
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