All Blogs
Sri Lanka’s CSE to see infrastructure bonds and REITs soon
Dec 04, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) chief said that new products in the form of infrastructure bonds and REIT’s will be introduced to broaden and add depth to the islands debt markets.“New products need be brought in, Sri Lanka’s debt market needs to be broadened and depth needs to be […]
Rs2.5bn Mulberry residence for young professionals
Dec 04, 2015 (LBO) – Sri Lanka Steradian Capital, a privately owned real estate development and consultancy business, unveiled plans for an apartment complex with an investment of 2.5 billion rupees targeting middle-income young professionals. “The vision for the project comes from our desire to improve the affordable and professional housing sector in Sri Lanka, […]
Sri Lanka tourist arrivals up 20.4 pct in November 2015
Dec 04, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 20.4 percent to 144,147 in the month of November 2015 from a year earlier, driven by China, India, United Kingdom and Germany, data from the state tourism promotion office showed. In the eleven months of 2015 arrivals were up 18.1 percent to 1,592,266. South Asian […]
Sri Lanka customs invites rights holders to fight counterfeits
Dec 04, 2015 (LBO) – Sri Lanka customs invited right holders of products to come forward to help authorities to stop importing counterfeit goods to Sri Lanka.Ashorf Samzudeen, deputy superintendent of Consumer Protection Unit, Sri Lanka Customs said they can fight against counterfeit and piracy only with the corporation of right holders, law enforcement agencies […]
SriLankan cancels more flights between Colombo and Chennai
Dec 03, 2015 (LBO) – SriLankan Airlines has cancelled fourteen more flights between Colombo and Chennai following the extension of the Chennai International Airport closure.Accordingly, the flights UL 128, UL 129, UL 123, UL 124 of December 3, UL 125, UL 126, UL 121, UL 122, UL 127, UL 128, UL 123, UL 124 of […]
Sri Lanka’s stock exchange adopts global classification standard
Dec 03, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) said it is adopting the Global Industry Classification Standard (GICS) to classify its listed companies along with S&P/CSE cobranded sector indices. The Global Industry Classification Standard (GICS®) was jointly developed by Standard & Poor’s and MSCI Barra to meet the global financial community’s need […]
Sri Lanka stocks close up 0.3-pct
Dec 03, 2015 (LBO) – Sri Lankan stocks closed up at 0.26 percent after sixth straight day of losses backed by gains in index heavy and some banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed up 17,87 points at 6,880.66 up 0.26 percent. S&P SL20 closed 9.93 points higher at 3,647.68 […]
PTL Watch: Bond yields tick up 5bp on profit taking
[pdf-embedder url=”https://lbo-stg.efserver.net/wp-content/uploads/2015/12/03rd-December-2015-PDF.pdf”]
Dialog Axiata says no agreement to
Dec 03, 2015 (LBO) – Sri Lanka’s fixed and mobile telco operator Dialog Axiata said on Thursday that it has not entered into an agreement with any party to merge or acquire Airtel.“Dialog has been a consistent proponent of market consolidation and in the normal course of business evaluates opportunities, both organic and inorganic, to […]
China sponsors Sri Lanka’s cataract surgery campaign with Rs8mn
The gift of improved sight is to be bestowed on 150 Sri Lankans under a new community initiative announced in Colombo by the China Merchants Group (CMG), the major stakeholder in Colombo International Container Terminals (CICT) which manages Colombo’s third container terminal. A Memorandum of Understanding ratified by the China Merchant Charity Foundation, the Corporate […]