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Sri Lanka sets standard for plugs and socket outlets
Nov 16, 2015 (LBO) – Sri Lanka’s Public Utility Commission said that it has decided to create an enabling environment to systematically move to using one type of plug and socket outlet.The commission has decided that the Type G plug and socket outlet , widely known as the 13 ampere plug and socket outlet, commonly […]
‘s Foreign Minister in Singapore
Foreign Minister Mangala Samaraweera met Singapore’s Foreign Minister Vivian Balakrishnan at the Foreign Ministry in Singapore on Friday the 13th.
Analysis: Asian, Sri Lankan equities attractive on GARY valuation, says CLSA
Nov 14, 2015 (LBO) – Some equities offer dividend returns as well as earnings growth. Called Gary stocks, these are an attractive value proposition in an Asian context, Desh Peramunetilleke, the head of microstrategy for Asian brokerage and investment firm CLSA, said. “The growth at a reasonable yield, Gary strategy, has delivered strong returns globally,” […]
Sri Lanka Telecom net down 70-pct in Sept
Nov 16, 2015 (LBO) – Sri Lanka Telecom said September 2015 quarter net profit fell 70 percent to 630 million rupees from 2014, interim accounts showed. The Company’s earnings per shares fell to 0.35 rupees for the September quarter from 1.15 rupees in 2014 while for the first nine months EPS fell 19 percent to […]
Markets react to uncertainty after Paris attacks
Nov 16, 2015 (LBO) – World markets reacted to uncertainty on Monday after attacks in Paris that killed 129 people. The Nikkei was down 0.92 percent at 2.00 GMT with traditional safe-haven investments such as gold, the US dollar, and Japanese yen opening stronger.Gold was up 0.83 percent, the euro fell 0.5 percent against the […]
Prof Razeen Sally explains economic outlook at 62nd LBR LBO CEO Forum
Professor Razeen Sally gives keynote speech on economic outlook at the April, 2015 62nd LBR LBO CEO Forum.
Sri Lanka on UNESCO executive board
Nov 16, 2015 (LBO) – Sri Lanka has been elected to the executive board of the United Nations Educational Scientific and Cultural Organisation (UNESCO) during the 38th General Conference in Paris, the foreign ministry said. “Sri Lanka was one of six countries that qualified to serve on the Executive Board from the Asia and Pacific Group […]
At least 127 people killed in Paris shootings, blasts
Nov 14, 2015 (LBO) – At least 127 people have been killed in gunfire and blasts including a possible suicide bombing in Paris, officials said. Terrorists armed with AK-47s and some reportedly with bombs strapped to them attacked locations throughout the French capital and at a stadium where a soccer match was being played. Five […]
Sri Lanka stocks close lower 0.06-pct
Nov 13, 2015 (LBO) – Sri Lankan stocks closed down at 0.06 percent on Friday for a fourth consecutive session with more investor activity and volumes compared to Thursday with losses in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 4.54 points at 7,001.81 lower 0.06 percent. S&P […]