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Protest against proposed ETCA between Sri Lanka and India
Joint Professional’s Movement comprises of technologists, architects , research technicians , human resources professionals , accountants and other professional associations protested against the proposed ETCA yesterday (24).
Lackadaisical trend in Sri Lanka vehicle registrations in Feb: JB Sec.
Mar 25, 2016 (LBO) – The lackadaisical trend from January has continued into February with the 70 percent LTV rule, significant increases in tariffs, continuing weakness in the rupee, surprising strength in the Yen and rising interest rates have retarded volumes, JB Securities said in a research note. Vehicle registrations February 2016 Motor car registrations […]
Lamudi explores rise of apartments in Colombo
Apartments have gained a high demand and are known to be one of the fast selling types of Real Estate. Notable projects have been carried out by various developers which have earned them a high rank in the real estate market. Lamudi explores how the rise of apartments have made an impact on the real […]
Premiere turns 67 (PICS)
Premiere Ranil Wickramasinghe celebrated his 67th birthday today morning at temple trees.
US Navy warship to call Colombo port on weekend
The U.S. 7th Fleet flagship USS Blue Ridge (LCC 19) will arrive in Colombo for a port call March 26, the first visit by a U.S. Navy ship since October 2011. The visit builds upon last month’s Partnership Dialogue in Washington D.C., where both nations pledged to strengthen maritime security cooperation efforts in the Indian […]
Fitch affirms and withdraws HSBC Sri Lanka Branch at AAA
Mar 24, 2016 (LBO) – Fitch Ratings Lanka has affirmed and simultaneously withdrawn the rating of HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’ with a Stable Outlook due to commercial reasons. Fitch said in a statement that HSBCSL’s rating is at the highest end of the National Rating scale and reflects the credit profile and financial strength […]
Sri Lanka’s Watawala Plantations invests in new dairy farm
Mar 24, 2016 (LBO) – Sri Lanka’s Watawala Plantations, one of the largest tea plantation companies in the island has entered into a Joint Venture Agreement with PADC Holdings in Cayman to set up a new dairy farm. As per the agreement entered between the two parties today, the dairy farm will be set up […]
Sri Lanka tea sees better demand for low growns
Mar 24, 2016 (LBO) – Sri Lanka’s tea prices in overall auction offerings were marginally lower with better demand for low grown and mid to high grown prices easier, Forbes & Walker Tea Brokers said in their latest report. “Low grown continued to witness better demand in general and consequently, a dearer trend in prices while high […]