All Blogs
Sri Lanka’s new constitution to include economic, social, cultural rights
Nov 16, 2015 (LBO) – Sri Lanka’s proposed constitution will include a Bill of Rights that takes into account economic, social and cultural rights of the people, the Foreign Minister Mangala Samaraweera said.Delivering a lecture at the National University of Singapore, Foreign Minister said a constitution that addresses the needs of all citizens and communities […]
Norway’s Wealth Fund buys a stake in Tokyo Cement
Nov 16, 2015 (LBO) – Norway’s Norges Bank, which manages the world’s biggest sovereign wealth fund, has bought a stake in Tokyo Cement of Sri Lanka, the company’s interim filed in Colombo Stock Exchange shows. Norges Bank has bought 2,078,857 voting shares of Tokyo Cement, amounting to a 0.93 percent stake, and 6,269,466 non-voting shares […]
Ceylon Hotels Corp to construct a 50-room hotel in Maldives for USD27.7mn
Nov 16, 2015 (LBO) – Sri Lanka’s Ceylon Hotel Corporation said that it plans to construct a 50-room hotel in Maldives with an investment of 27.7 million US dollars. The company said that it has approved an acquisition of the entire shareholding of Ceylon Hotel Maldives (Pvt )Ltd (CHML) for a sum of 700,020 rupees […]
LBR LBO Debrief – “Business Climate Outlook of 2016” – Tuesday, 8th December 2015
Topic: Business Climate Outlook of 2016 Date/Time: Tuesday, 8th December 2015 | 0845 – 1750 HRS Venue: Oak Room, Cinnamon Grand Host: Lakshaman Bandaranayake | Founding Publisher, Director | Lanka Business Online Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 General | debrief@lbo.lk Registration fee: Rs 12,900/= per participant, 5% discount […]
SriLankan swimmers jubilant at Mercantile Swimming Championship
SriLankan Airlines’ Swimmers bagged a total of 32 gold medals, 21 silver medals and 17 bronze medals at the recently concluded Mercantile Swimming Championship 2015. SriLankan swimmers faced fierce competition from swimmers from leading corporate organizations in the country as a total of 550 swimmers representing 32 associations showcased their talents at the event.SriLankan Airlines […]
Sri Lanka Muslim council condemns Paris attack
Nov 16, 2015 (LBO) – Sri Lanka’s Muslim council on Monday condemned the ‘un-Islamic’ act of killing innocents in Paris last Friday.Releasing a statement on behalf of the Muslim community in Sri Lanka, the council vehemently condemned and said terror has no place in Islam or in any civilized society.There is no theological basis for […]
Aitken Spence net down 38-pct amid fallen revenues
Nov 16, 2015 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation, said profits in the September 2015 quarter declined 38 percent to 361 million rupees from a year earlier.The group reported earnings of 0.89 rupees per share for the quarter compared with 1.43 rupees per share recorded […]
Sri Lanka stocks close down 0.5-pct: Banking and Telco losses
Nov 16, 2015 (LBO) – Sri Lankan stocks closed down at 0.51 percent on Monday with 18 week low as investors kept on the sidelines mainly on budget concerns and banking and telco stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower 35.83 points at 6,965.98 lower 0.51 percent. S&P […]
Comtrust Equity Fund up 9.6 pct for six months, outperforms ASPI
Comtrust Equity Fund, a Balanced Fund investing in both equity and fixed income, rose 9.6% for the six months ended 30 September 2015, recording an over performance of 6.2% vs. the benchmark All Share Price Index (ASPI), which rose 3.4% during the same time period. The Fund also beat the more liquid S&P SL20 index […]
PTL Watch: Mixed moves on bonds, uncertainty ahead of budget
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