Publication: Lanka Business Online

First reported 19 hours ago - Updated 18 hours ago - 1 reports

Seized Apr 18 US settlement reached to sell Iran-owned skyscraper in New York

(AFP) - US prosecutors unveiled plans Thursday to sell an Iran-owned Manhattan skyscraper in the largest terror-related seizure ever, and distribute proceeds to families affected by attacks linked to Tehran.The settlement approved by a federal judge with ... [Published Lanka Business Online - 19 hours ago]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Drought Effect Mar 31 Sri Lanka tea production drops 10-pct in February

(LBO) - Sri Lanka's tea production has dropped 10 percent to 22.4 million kilograms in February 2014 from a year earlier, and the March crop is also expected to be fall amid a drought, a tea brokerage has said.in February the high grown harvest was down ... [Published Lanka Business Online - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Asian Morning Apr 17 Asian shares mixed after US report, Fed comments

(AFP) - Asian markets were mixed Thursday as a positive report on the US economy and the Federal Reserve chief's pledge to keep interest rates at record lows were offset by profit-taking after the previous day's gains.Wall Street provided another positive ... [Published Lanka Business Online - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Rating Cut Apr 11 Sri lanka Softlogic Holdings downgraded by Fitch

(LBO) - Sri Lanka's Softlogic Holdings Plc, has been downgraded by one notch from 'A-(lka)' to 'BBB+(lka)' which is still in the investment grade, with a 'stable; outlook by Fitch."The downgrade reflects Fitch's expectation of a sustained weakness in ... [Published Lanka Business Online - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Oil Switch Dec 30 Sri Lanka to switch to 92-octane from January 2014

Dec 30, 2013 (LBO) - Sri Lanka will start selling petrol with an Octane count of 92 from January 2014 and will discontinue 90-octane fuel, petroleum minister Anura Yapa said.Minister Yapa said state-run Ceylon Petroleum Corporation and the second player ... [Published Lanka Business Online - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Worker Conundrum Apr 13 Sri Lanka firms short of workers, over 10,000 working on tourist visas: President

Sri Lanka firms short of workers, over 10,000 working on tourist visas: PresidentApr 13, 2014 (LBO) - Sri Lankan firms are asking to employ more foreign workers to fill labour shortfalls, with over 10,000 working in the country on tourist visas, President ... [Published Lanka Business Online - Apr 16 2014]
First reported Apr 15 2014 - Updated Apr 16 2014 - 1 reports

No Way Apr 08 Sri Lanka will not cooperate with UN war probe: minister

(AFP) - Sri Lanka on Monday rejected calls for cooperation with a UN investigation into war crimes and vowed it will not subject itself to the jurisdiction of the world's highest rights body.Foreign Minister Gamini Lakshman Peiris said Sri Lanka will ... [Published Lanka Business Online - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

Trading Friday Apr 11 Sri Lanka stocks close up 0.3-pct

(LBO) - Sri Lanka's stocks close up 0.28 percent higher with index heavy stocks gaining amid net foreign buying, brokers said.The Colombo benchmark All Share Price Index closed 17.29 points higher at 6,092.34 up 0.28 percent. The S&P SL20 closed 1.92 ... [Published Lanka Business Online - Apr 15 2014]
First reported Apr 13 2014 - Updated Apr 13 2014 - 1 reports

Bond Effect Apr 10 Sri Lanka sovereign bond will not impact exchange rate: CB Governor

(LBO) - Sri Lanka's 500 million US dollar sovereign bond sale this week will not impact the exchange rate as the Central Bank is expected to buy the proceeds, though foreign reserves will go up, Governor Nivard Cabraal said."We would probably take the ... [Published Lanka Business Online - Apr 13 2014]
First reported Apr 12 2014 - Updated Apr 12 2014 - 1 reports

Fast Net Apr 07 Sri Lanka Telecom launches extra fast broadband via FTTH

(LBO) - Sri Lanka Telecom, the country's only wireline operator said it had launched a fibre-to-the-home service offering fast broadband service through its optical fibre network.SLT said the a demonstration at the office Telecommunication Regulatory ... [Published Lanka Business Online - Apr 12 2014]
First reported Apr 12 2014 - Updated Apr 12 2014 - 1 reports

Study Tour Apr 10 Pakistan studies Sri Lanka gems and jewelry industry

(LBO) - A delegation from Pakistan has visited Sri Lanka to study the gems and jewellery policy framework in a bid to improve the sector.The Pakistan High Commission (embassy) in Colombo said officials from the Gilgit-Balistan assembly came to Sri Lanka ... [Published Lanka Business Online - Apr 12 2014]
First reported Apr 12 2014 - Updated Apr 12 2014 - 1 reports

Atoll Exit Apr 11 Sri Lanka's NDB sells stake in Maldives lender

Sri Lanka's NDB sells stake in Maldives lender11 Apr, 2014 06:20:08Apr 11, 2014 (LBO) - Sri Lanka' National Development Bank Plc said it sold out of Maldives Finance Leasing Company for 1.1 million US dollars.A 35 percent stake in the firm had been sold ... [Published Lanka Business Online - Apr 12 2014]

Quotes

"With this settlement, we have taken an important step toward completing what will be the largest ever terrorism-related forfeiture and providing a substantial recovery for victims of terrorism" Manhattan US Attorney Preet Bharara said in a statement
"SHL plans to reduce its debt, including through the disposal of an investment property and shifting to raise debt directly at its operating subsidiaries" Fitch said
"We know that there are a large number of people, over 10,000 people working inside the country in various capacities having come on tourist visas."
The UNHRC adopted the resolution calling for a "comprehensive investigation into alleged serious violations and abuses of human rights and related crimes by both parties in Sri Lanka" on March 27

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sort by: Date | Relevance
Seized Apr 18 US settlement reached to sell Ira... [Published Lanka Business Online - 19 hours ago]
Drought Effect Mar 31 Sri Lanka tea production ... [Published Lanka Business Online - Apr 17 2014]
Rating Cut Apr 11 Sri lanka Softlogic Holdings ... [Published Lanka Business Online - Apr 17 2014]
Asian Morning Apr 17 Asian shares mixed after U... [Published Lanka Business Online - Apr 17 2014]
Oil Switch Dec 30 Sri Lanka to switch to 92-oct... [Published Lanka Business Online - Apr 16 2014]
Worker Conundrum Apr 13 Sri Lanka firms short o... [Published Lanka Business Online - Apr 16 2014]
No Way Apr 08 Sri Lanka will not cooperate with... [Published Lanka Business Online - Apr 15 2014]
Trading Friday Apr 11 Sri Lanka stocks close up... [Published Lanka Business Online - Apr 15 2014]
Bond Effect Apr 10 Sri Lanka sovereign bond wil... [Published Lanka Business Online - Apr 13 2014]
Study Tour Apr 10 Pakistan studies Sri Lanka ge... [Published Lanka Business Online - Apr 12 2014]
Fast Net Apr 07 Sri Lanka Telecom launches extr... [Published Lanka Business Online - Apr 12 2014]
Atoll Exit Apr 11 Sri Lanka's NDB sells stake i... [Published Lanka Business Online - Apr 12 2014]
Bill Auction Apr 09 Sri Lanka Treasuries yields... [Published Lanka Business Online - Apr 11 2014]
Trading Thursday Apr 10 Sri Lanka stocks close ... [Published Lanka Business Online - Apr 11 2014]
Borrowing Trends Apr 09 Sri Lanka firms get nod... [Published Lanka Business Online - Apr 11 2014]
Expansion Apr 02 Sri Lanka tyre production expa... [Published Lanka Business Online - Apr 10 2014]
Trading Wednesday Apr 09 Sri Lanka shares close... [Published Lanka Business Online - Apr 10 2014]
Resort Expansion Apr 08 Sri Lanka's Citrus Leis... [Published Lanka Business Online - Apr 10 2014]
Cruise Call Apr 08 Cruise liner calls at Sri La... [Published Lanka Business Online - Apr 10 2014]
Right Conditions Apr 09 Sri Lanka's interest ra... [Published Lanka Business Online - Apr 10 2014]
Morning After Apr 10 Asian shares up after Wall... [Published Lanka Business Online - Apr 10 2014]
Bond Sale Apr 08 Sri Lanka sells US$500mn bonds... [Published Lanka Business Online - Apr 09 2014]
Trading Tuesday Apr 08 Sri Lanka shares close u... [Published Lanka Business Online - Apr 09 2014]
Profit Conundrum Apr 09 Sri Lanka's central ban... [Published Lanka Business Online - Apr 09 2014]
Growth Hopes Apr 08 Sri Lanka expects 7.8-pct g... [Published Lanka Business Online - Apr 09 2014]
Whale Hunt Apr 09 Japan kills 251 minke whales ... [Published Lanka Business Online - Apr 09 2014]
Seventh Heaven Apr 08 HSBC claims seven Sri Lan... [Published Lanka Business Online - Apr 08 2014]
Come Hither Apr 03 Sri Lanka courts Thai investors [Published Lanka Business Online - Apr 08 2014]
Trading Monday Apr 07 Sri Lanka shares end down... [Published Lanka Business Online - Apr 08 2014]
Bond Offer Apr 08 Sri Lanka's Hemas Holdings bi... [Published Lanka Business Online - Apr 08 2014]
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