All Blogs
Sri Lanka vehicle prices to increase with new customs valuation basis
Oct 08, 2015 (LBO) – Sri Lanka’s finance minister has signed an extraordinary gazette to change the basis on which customs calculates the value of certain motor vehicles, and prices of some vehicles may increase by almost 50 percent, car dealers said.With this order the actual transacted FOB value of the vehicle has been excluded […]
Sri Lanka tea prices hit lowest levels since March 2012
Oct 08, 2015 (LBO) – Sri Lankan tea prices have come down to it’s lowest levels since March 2012 with low grown varieties the worst affected, latest data shows.The Colombo tea auction monthly average price for September 2015 was down 71.33 rupees to 368.18 rupees a kilo from 439.51 rupees in 2014, Forbes and Walker […]
MTD Walkers unveils their new identity ‘Walkers CML’
Integrated infrastructure and engineering solutions provider, MTD Walkers PLC unveiled their new brand identity ‘Walkers CML’ in line with its 162nd anniversary celebration.Since 1854, the brand Walkers has been synonymous with innovation and excellence in Sri Lanka, extending its expertise in sectors such as civil, marine, mechanical, electrical engineering work, pile construction, power generation, manufacture […]
Sri Lanka Treasury bill yields flat
Oct 07, 2015 (LBO) – Sri Lanka’s Treasury bill yields were flat for the second straight week at Wednesday’s auction, data from the state debt office showed. The 3-month yield was flat 6.78 percent with bids amounting to 15.1 billion rupees being received and it was decided to accept 6.5 billion rupees from the auction. […]
Sri Lanka stocks close flat, low turnover
Oct 07, 2015 (LBO) – Sri Lankan stocks closed lower by 0.01 percent on Wednesday with continued losses in banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 0.48 points at 7,085.45 lower 0.01 percent. S&P SL20 closed 1.82 points lower at 3,825.49 lower 0.05 percent. “Investors are keeping a […]
Prime Minister Ranil Wickremesinghe meets Emperor of Japan
Prime Minister Ranil Wickremesinghe and his wife called upon the Emperor of Japan Akihito and Empress Michiko at the Imperial palace in Tokyo today morning.
China Forex reserves posts record quarterly drop
Oct 07, 2015 (LBO) – China’s foreign exchange reserves has posted a record drop in September quarter after its central bank intervened into the market to stabilize the yuan. Its foreign exchange reserves have fallen to 3.51 trillion US dollars at the end of September, People’s Bank of China said. The reserves decreased by 43.26 billion […]
PTL Watch: Tbill auction unchanged as short term bonds head north
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Microsoft unveils its first ever laptop, Surface Book
Oct 07, 2015 (LBO) – Microsoft today unveiled its first ever laptop, the Surface Book as part of its new product package designed especially for windows 10. Surface Book is a powerful laptop combining a 6th Gen Intel Core i5 or i7 processor with up to 16GB of memory and an optional discrete graphics chip. […]
‘s John Keells (JKL) gets new CEO
Oct 07, 2015 (LBO) – Hishantha G R De Mel has been appointed Acting Chief Executive of John Keells PLC, a subsidiary of John Keells Holdings, from 01 October 2015, the Colombo Stock Exchange said in a statement. Former CEO Sudath Chaminda Munasinghe resigned with effect from October 1 2015. De Mel joined the Company in […]