All Blogs
Sri Lanka ranked 19th in creative productivity index by ADB
Sep 15, 2014 (LBO) – Sri Lanka ranked 19th in creative productivity index which was jointly developed by Asian Development Bank and Economist Intelligence Unit (EIU) to give policy makers a to assess how best to foster creativity and innovation in 22 Asian economies.“As countries seek to innovate to avoid middle-income traps, all governments especially […]
’s Unrealized Profits passes Rs10Bn mark
Sep 13, 2014 (LBO) – Sri Lanka’s Employee’s Provident Fund’s unrealized profits of the share portfolio passed 10 billion rupees on September this year, Central Bank said in a media release. Realized capital gains and dividends have amounted to 3.4 billion rupees to data this year. During the first half of 2014, there were allegations […]
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Sep 12, 2014 (LBO) – Sri Lanka’s Fitch Ratings has affirmed “BB†rating for the issue of US dollar dominated notes which is due 2019 of Sri Lanka-based National Savings Bank, the rating agency said in a media statement. NSB’s ratings are: Long-Term Foreign Currency IDR: ‘BB-‘; Outlook Stable Long-Term Local Currency IDR: ‘BB-‘; Outlook […]
Sri Lanka stocks close up 0.27-pct
Sep 12, 2014 (LBO) – Sri Lanka’s stocks ended the week in a positive territory with the ASPI crossing 7,200 mark and S&P SL20 surpassing 4,000, brokers said. Chevron Lubricants Lanka closed 13.00 rupees higher at 337.00 rupees, contributing most to the index gain. Commercial Bank of Ceylon closed 2.60 rupees lower at 161.30 rupees. […]
Sri Lanka stocks close up 0.5-pct
Sep 11, 2014 (LBO) – Sri Lanka’s stocks close higher with banking and telco stocks gaining while the turnover nearing 5.6 billion rupees amid continued strong foreign buying, brokers said. Sri Lanka Telecom closed 1.90 rupees higher at 55.00 rupees and Commercial Bank of Ceylon closed 3.70 rupees higher at 163.90 rupees, contributing most to […]
Sri Lanka stocks close up 0.56-pct
Sep 10, 2014 (LBO) – Sri Lanka’s stocks close higher with the price gains in index heavy John Keells Holdings and Commercial Bank amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 39.81 points higher at 7,163.25, up 0.56 percent. The S&P SL20 closed 19.10 points higher at 3,988.59, up […]
Trade Agreement
September 10, 2014 (LBO) – Sri Lanka and China in talks to finalize a free-trade agreement which would bring substantial economic and trade benefits to the two countries, with both governments expressing hope that the deal will be implemented at an early date. Mutual Recognition of Standards Lack of mutual recognition of standards between two […]
New Phone
September 10, 2014 (LBO) – Apple announced iPhone® 6 and iPhone 6 Plus, featuring two new models with 4.7-inch and 5.5-inch Retina HD displays, and packed with innovative technologies in dramatically thin and seamless design, the company said in a statement. Apple Press Info The new iPhones feature a precision unibody enclosure of anodized aluminum […]
Sri Lanka Orient Garments to raise 824 million rupees
Sept 10, 2014 (LBO) – Sri Lanka’s Orient Garments Ltd, a listed apparel exporter is to raise 824 million rupees through a right issue of 54.91 million ordinary shares at 15 rupees each, the company said in an announcement of Colombo Stock Exchange. The current stated capital of the company is 90.48 million rupees represented […]
Sri Lanka stocks close up 0.5-pct
Sep 09, 2014 (LBO) – Sri Lanka’s stocks close 0.51 percent higher with index heavy John Keells Holdings gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 36.03 points higher at 7,123.44, up 0.51 percent. The S&P SL20 closed 36.68 points higher at 3,969.49, up 0.93 percent. Turnover was […]