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Sri Lanka main opposition UNP elections Committee chooses Maithripala Sirisena as common candidate
Nov 21, 2014 (LBO) – Sri Lanka’s main opposition United National Party’s newly appointed Group 20 or G 20 elections committee has chosen Maithripala Sirisena as their presidential candidate, media reports said. It is also reported that General Secretary of the Sri Lanka Freedom Party minister Maithripala Sirisena is to hold a special press conference […]
’s main opposition UNP nominates Maithripala; JVP and JHU undecided
Nov 21, 2014 (LBO) – Sri Lanka’s main opposition united national party on Friday decided to support former general secretary of the Sri Lanka freedom party Maithripala Sirisena as their presidential candidate. At the conference Sirisena vowed to abolish the executive presidency within 100 days. I’ll also abolish the 18th amendment and restore the 17th […]
Sri Lanka stocks close higher
Nov 20, 2014 (LBO) – Sri Lanka’s stocks closed 0.07 percent higher with the price gains in Nestle Lanka, brokers said. The Colombo benchmark All Share Price Index closed 5.23 points higher at 7,530.33, up 0.07 percent. The S&P SL20 closed 2.12 points higher at 4,190.93, up 0.05 percent. Turnover was 1.69 billion rupees, down […]
Sri Lankan President signs proclamation for early Presidential Election
Nov 20, 2014 (LBO) – Sri Lankan President Mahinda Rajapakse on Thursday signed the proclamation declaring his intention to hold a Presidential Election seeking another term, the Presidential Secretariat said. The Official Website of the Presidential Secretariat said the main constituent of the United People’s Freedom Alliance, Sri Lanka Freedom Party Central Committee on Wednesday […]
Sri Lanka Treasury bill yields frozen
Nov 19, 2014 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction with the 12-month yield unchanged at 6.00 percent, data from the state debt office showed. The debt office which is part of the island’s central bank said 3-month and 6-month short term bills were not offered for the auction. The […]
Sri Lanka stocks close down 0.3-pct
Nov 19, 2014 (LBO) – Sri Lanka’s stocks closed 0.31 percent lower with telco, tobacco and diversified stocks losing ground, brokers said. Foreign investors bought 220.62 million rupees worth shares while selling 76.44 million rupees worth shares. Carson Cumberbatch closed 18.90 rupees lower at 456.00 rupees and Ceylon Tobacco Company closed 18.00 rupees lower at […]
’s Hambantota Port to have a Chinese navel base: report
Nov 19, 2014 (LBO) – The Chinese People’s Liberation Army Navy is to build 18 naval bases in various regions in the next 10 years including in Sri Lanka, a media report said. The Namibian newspaper quoting Chinese media reports said Hambantota Port is among the three navel bases that will be established in the […]
Sri Lanka stocks close up 0.3-pct
Nov 18, 2014 (LBO) – Sri Lanka’s stocks closed 0.32 percent higher with telco and diversified stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 24.23 points higher at 7,548.23, up 0.32 percent. The S&P SL20 closed 34.79 points higher at 4,204.87, up 0.83 percent. Turnover was 3.83 billion rupees, up from […]
International designer brand Tommy Hilfiger to launch in Sri Lanka
Nov 18, 2014 (LBO) – International designer brand Tommy Hilfiger will open its first store in Sri Lanka next month marking the first international designer brand to launch in the country. The design house is renowned for its preppy style and has been worn by top international celebrities such as Jacqueline Fernandez, Sonam Kapoor, Jessica […]
Sri Lanka policy rates unchanged in November 2014::Inflation declined: Central Bank
Nov 18, 2014 (LBO) Sri Lanka unchanged its policy rate corridor at 6.5 to 8.0 percent in order to remain broadly on target in 2014 with low inflation the Central Bank in its November monetary policy review.The island inflation continued to remain in low single digit levels, declined to 1.6 percent in October from 3.5 […]