India to hire 10,000 teachers from Taiwan
TAIPEI, May 10, 2011 (AFP) - India plans to recruit up to 10,000 teachers from Taiwan to meet growing demand for Chinese language classes, Taiwan's education …
Bangladesh mulls clothes factories in jails
DHAKA, May 11, 2011 (AFP) - Bangladesh's prison authorities on Wednesday announced plans to set up garment factories in the country's overcrowded jails in a …
Sri Lanka, Australia lodge 2018 bid books
KUALA LUMPUR, May 11, 2011 (AFP) - Australia's Gold Coast and Sri Lanka's Hambantota lodged their bid books Wednesday in the contest to host the 2018 …
Sri Lanka stocks close down 0.5-pct
May 10, 2011 (LBO) - Sri Lankan stocks closed lower Tuesday with brokers saying speculative trade was still going strong despite regulatory curbs on unusual …
Money Transfer
May 10, 2011 (LBO) - ICICI Bank, India's largest private sector bank, has tied up with Sri Lanka's Sampath Bank to launch an online cross-border money transfer …
Bank Numbers
May 10, 2011 (LBO) - Sri Lanka's Union Bank said net profit rose 212 percent to 60 million rupees in the March 2011 quarter from a year ago with sharp gains in …
Finance Listing
May 10, 2011 (LBO) - Bimputh Lanka Investments, a registered finance company in Sri Lanka, has been given regulatory approval to list on the Colombo stock …
Sri Lanka Grain Elevators March net up 64-pct
May 10, 2011 (LBO) - Sri Lankan poultry firm Ceylon Grain Elevators said March 2011 quarter net profit rose 64 percent to 94 million rupees from a year ago as …
Telco Trends
May 10, 2011 (LBO) - Sri Lanka Telecom's March 2011 quarter net profit rose 114 percent to 1,295 million rupees from a year ago with sharp gains from …
Sri Lanka Vallibel Power March net up 57-pct
May 10, 2011 (LBO) - Vallibel Power Erathna, a Sri Lankan mini-hydro power firm, said March 2011 quarter net profit rose 57 percent to 44. online pharmacy buy …
Central banks urge budget corrections: Trichet
BASEL, May 9, 2011 (AFP) - Central bankers are pressing advanced economies to gradually improve their budgets while fast growing emerging nations must guard …
Sri Lanka stocks close up 0.8-pct
May 09, 2011 (LBO) - Sri Lankan stocks closed higher Monday after losses most of the previous week with corporate earnings anticipated this week expected to …
Finance Listing
May 09, 2011 (LBO) - Mercantile Investments Limited (MIL), a registered finance company in Sri Lanka, has been given regulatory approval to list on the Colombo …
Banking Trends
May 09, 2011 (LBO) - Sri Lanka's Union Bank, which became a retail investor favourite after its recent listing, intends to go into new lines of business and …
Sri Lanka LOLC closes beach hotels for refurbishment
May 09, 2011 (LBO) - Sri Lanka's LOLC group has closed three beach hotels it acquired recently - Riverina, Club Palm Garden and Tropical Villas - for …
Software Deal
May 09, 2011 (LBO) - eChannelling, a listed Sri Lankan dotcom that enables patients to make appointments with doctors over the internet, has struck a deal with …
India car sales grow at slowest pace in 2 years
NEW DELHI, May 9, 2011 (AFP) - Indian car sales grew at the slowest pace in nearly two years in April, data showed Monday, as price hikes, rising fuel costs …
SriLankan Airlines to launch services to Moscow
May 09, 2011 (LBO) - SriLankan Airlines will start a new service to Moscow on September 15, making the Russian capital the airline's 52nd destination. …
Sri Lanka cricket board to hold elections
May 9, 2011 (AFP) - Sri Lanka Cricket is set for an overhaul after the Supreme Court on Monday ordered that the island's richest sporting body, which has been …
Sri Lanka Carson unit sees palm oil prices staying firm
May 08, 2011 (LBO) - Palm oil prices are likely to remain firm owing to growing demand from emerging markets like India and China, shareholders of Shalimar …