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Sri Lanka stocks close down 0.1-pct with foreign inflow
Oct 16, 2015 (LBO) – Sri Lankan stocks closed down on Friday for a fourth consecutive day with turnover at a one month low, brokers said. The Colombo benchmark All Share Price Index closed down 9.71 points at 7,028.74 down 0.14 percent. S&P SL20 closed 9.42 points lower at 3,773.71 lower 0.25 percent. Turnover w as […]
Janashakthi rights issue approved for AIA General acquisition
Oct 16, 2015 (LBO) – Sri Lanka’s Janashakthi Insurance received the formal go ahead from its shareholders to raise over 3.357 billion rupees by way of a rights issue of over 181.5 million rupees new ordinary shares at its Extraordinary General Meeting (EGM) held on Friday to fund acquisition of AIA insurance, the company said in a statement. Under this rights issue, Janashakthi will be issuing […]
‘s drone assassination program
Oct 16, 2015 (LBO) – Amnesty International has called the US Congress to hold an immediate independent inquiry into the Obama administration’s drone strikes overseas following a series of leaks disclosing long-standing secrets of the global killing programme.“The Drone Papers,” leaked by an anonymous whistle-blower to the online media outlet The Intercept, reveal the startling […]
PTL Watch: Profit taking corrects steep drop in bonds
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US budget deficit drops to 2.5-pct in 2015; lowest since 2007
Oct 16, 2015 (LBO) – The United States Treasury Department on Thursday said country’s budget deficit has dropped to 2.5 percent of GDP in 2015, the lowest since 2007 and less than the average of the last 40 years.Year-end data from the September 2015 Monthly Treasury Statement of Receipts and Outlays of the United States […]
Interview: New plans to be unveiled in Megapolis infrastructure
Oct 16, 2015 (LBO) – Sri Lanka’s new minister for the Megapolis, Champika Ranawaka, has big plans in mind for the region that spans the Western Province. A new transport plan will be unveiled in the next 2-3 weeks, while a Port City design has been included in the Megapolis infrastructure, he said. Commenting on […]
‘Sri Lanka – One Island, Thousand Treasures’ at 2015 Paris Travel Fair
Sri Lanka Tourism gathered momentum at the recently concluded IFTM Travel and Tourism Fair in Porte De Versailles –Paris, France, by making strong marketing statement for the country by showcasing the destination under the theme “Sri Lanka – One Island, Thousand Treasures”. The 37th edition of the world’s third largest travel show IFTM Top Resa […]
Sri Lanka sells USD330mn of one, three and five year development bonds
Oct 16, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 407.25 million US dollars of bids received from investors.The central bank has accepted 277.50 million US dollars in one year bond at a floating rate of weighted average margin (bps) over six month […]
Sri Lanka’s Kingsbury to manage apartment complex
Oct 16, 2015 (LBO) – The Kingsbury plc , a five-star city hotel in Colombo, has signed a management agreement with Platinum real investment limited to manage its Platinum1 apartment complex for a 10 year time period, the hotelier said in a filing to the stock exchange on Thursday.Platinum 1 is a 20 storey apartment […]
Sri Lanka to cut food import bill by manufacturing locally
Oct 16, 2015 (LBO) – A National Programme on Food Production is being planned by the government of Sri Lanka with the contribution of all the ministries and institutions with an estimated cost of 15,595 million rupees to minimize the expenditure on imports by producing the utmost amount of food in Sri Lanka. Cabinet Spokesman […]