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John Keells Holdings 9-month net up 6-pct, 3Q net down
Jan 29, 2016 (LBO) – Sri Lanka’s diversified John Keells Holdings said group net profit grew six percent in the nine months to December despite a weaker performance in transportation, leisure, information technology and plantation sectors in the third quarter. Net profit grew six percent to 10.6 billion rupees in the nine months to December, […]
Graham Ford rejoins Sri Lanka Cricket as Head Coach
Jan 29, 2016 (LBO) – Sri Lanka Cricket has announced that Graham Ford will rejoin Sri Lanka Cricket as the Head Coach from next month. Sri Lanka Cricket in the past few weeks embarked on a significant initiative to secure a professional coach to serve the National Team. “As per the vision of the newly […]
Sri Lanka stocks close up 0.3-pct; Low investor activity
Jan 29, 2016 (LBO) – Sri Lankan stocks closed up 0.32 percent in anticipation of positive earrings and attractive Price Earrings levels with gains in banking stocks, brokers said. The Colombo benchmark All Share Price Index closed up 20.16 points at 6,340.05 up 0.32 percent. S&P SL20 closed 22.24 points up at 3,302.01 up 0.68 […]
Sri Lanka deepening trade agreements, exploring China FTA: Malik
Jan 29, 2016 (LBO) – Sri Lanka is deepening its free trade agreements with India and Pakistan, and negotiating an FTA with China, Malik Samarawickrama, minister of development strategies and international trade, said. “PM Modi’s ‘Make in India’ strategy will create opportunities for linking into new and expanding value chains in domestic as well as […]
Colombo inflation drops below 1-pct in January
Jan 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has dropped to 0.9 percent in January 2016 from a year earlier, down from 2.8 percent in December 2015 with the inflation index dropping 0.2 percent in the month, the state statistics office said. The CCPI for all items for the month of […]
Sri Lanka needs more Sinhala, Tamil online content: CPA media Survey
Jan 29, 2016 (LBO) – Sri Lanka’s web usage would increase if more content was available in Sinhala and Tamil, a new media survey by the Centre for Policy Alternatives (CPA) said. If the device that they use to access the web supported Sinhala and/or Tamil fonts, almost 50 percent of the respondents agreed their usage […]
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Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘BB-. KEY RATING DRIVERS The national carrier’s bonds are rated at the same level as SLA’s parent, the state of Sri Lanka, due to the unconditional and irrevocable guarantee of principal and interest of the notes provided by […]
Sri Lanka to use new tool to assess future electricity demand
Jan 29, 2016 (LBO) – Island’s electricity regulator, the Public Utilities Commission is to adopt an internationally accepted tool to review the forecasted electricity demand in Sri Lanka. The tool named as MAED (Model for Analysis of Energy Demand) has been developed by International Atomic Energy Agency and offered free of charge to the commission. […]
PTL Watch: Buying in 2030 bond, profit taking later
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Government to start relocating Manning Market from tomorrow
Jan 29, 2016 (LBO) – Megapolis and Western Development Minister Champika Ranawaka launching the Megapolis plan on Friday said the government will start relocating Manning Market from tomorrow as part of the Megapolis plan. Two weeks ago the Cabinet decided to relocate the Manning Market to Peliyagoda area and utilize the premises for public transportation […]