All Blogs
Janashakthi seals AIA’s general insurance business acquisition
Oct 26, 2015 (LBO) – Sri Lanka’s Janashakthi Insurance PLC said that it sealed the acquisition of AIA General Insurance Lanka Limited with 3.2 billion rupee payment. With the financial aspects of the transaction now complete, Janashakthi will commence amalgamation of AIA General Insurance Lanka Limited with Janashakthi General Insurance Limited, the company said.“In line […]
Commercial real estate market has high potential for ROI: analysts
Oct 26, 2015 (LBO) – The demand for Sri Lanka’s commercial property is growing and there will be high potential for return on investment, experts said. “Sri Lanka’s commercial real estate has high potential for return on investment (ROI),” Ravi Abeysuriya, group director of Candor, a financial consultancy service said. “Retail rental yields for commercial […]
Dividend tracker improves equity insights: SC Securities
Oct 24, 2015 (LBO) – Sri Lanka’s SC Securities believes divided tracking is one way of gaining insights into equity performance in stocks listed on the Colombo Stock Exchange, especially with regard to past dividend payouts. In a report on 15 stocks, SC Securities shows how investors can track past dividend payouts. National Development Bank, […]
Fitch affirms ratings on five Sri Lankan banks
Oct 23, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed the National Long Term Ratings on five small and mid-sized Sri Lankan banks. The rating announcement is reproduced below. Nations Trust Bank PLC (NTB) has been affirmed at ‘A(lka)’, Pan Asia Banking Corporation PLC (PABC) at ‘BBB(lka)’, Sanasa Development Bank PLC (Sanasa) at ‘BB+(lka)’, […]
Sima Giselle calls Colombo Port
SIMATECH Shipping LLC, the world’s 27th largest carrier (Alphaliner – October 2015 ranking) celebrated its brand new Mv. Sima Giselle maiden port call on the 19th October 2015 at the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA).Mv. Sima Giselle the Singapore flagged vessel operated in the AGI (Asean – Gulf – Isc) […]
Sri Lanka stocks close up 0.2-pct
Oct 23, 2015 (LBO) – Sri Lankan stocks closed up 0.18 percent on Friday for a fourth consecutive day with gains in the leisure sector city hotels showing gains, brokers said. The Colombo benchmark All Share Price Index closed up 12.64 points at 7,081.49 up 0.18 percent. S&P SL20 closed 6.48 points higher at 3,825.55 […]
Sri Lanka accounting body calls for fiscal consolidation
Oct 23, 2015 (LBO) – Sri Lanka’s main accounting body has called for critical fiscal consolidation plan for both the revenue and expenditure sides of the government.“The government needs reforms in terms of structural changes as well as changes in the revenue and the expenditure sides,” President of CA Sri Lanka, Arjuna Herath said. Herath […]
PTL Watch: Minimal activity, market awaits bond auction
[pdf-embedder url=”https://lbo-stg.efserver.net/wp-content/uploads/2015/10/Copy-of-23rd-October-2015.pdf”] M
Appointing independent commissions replicates Rajapaksa method: Civil Society
Oct 23, 2015 (LBO) – The silent approach in appointing independent commissions seems to replicate the Rajapaksa method that politicized the whole state machinery, a group of civil society activists charged.Attorneys Srinath Perera, Neville Ananda, Sujeewa Dahanayake with social activist Muditha Karunamuni, trade union leader Anton Marcus and journalist Kusal Perera comprised of this group.In […]