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Sri Lanka to develop BIA infrastructure facilities with Rs49bn of Japan funding
May 28, 2015 (LBO) – Sri Lanka plan to the develop essential infrastructure facilities of Bandaranaike International Airport with Japan funding of 48,969 million rupees, cabinet spokesperson said.It is expected to double the annual passenger handling capacities of the airport from the current volume of 7.4 million to 15 million by the year 2020.In this […]
‘s CSE says 25-pct price appreciation in 28 companies
May 28, 2015 (LBO) – Sri Lanka’s stock exchange has witnessed a number of stocks appreciate in price during the first few months of this year, with nearly 87 stocks showing an increase in price of over 5 percent, of which nearly 28 stocks have shown a price appreciation of 25 percent. Releasing a midyear […]
Lux launches limited edition fragrance soap collection in Sri Lanka
May 28, 2015 (LBO) – Lux on Wednesday unveiled their latest Lux star collection, a limited edition collection co-created with Deepika Padukone and with a new fragrance by master perfumer Alessandra Vinksnaitis. Sri Lanka’s gorgeous star, Pooja Umashanker who launched the two new soaps said she was delighted with the captivating fragrance of these soaps.“To […]
Sri Lanka keen to attract German investments: Minister
May 28, 2015 (LBO) – Sri Lanka is keen to attract German investments due to their high standards of manufacturing, a Minister said in a statement. “With regard to German companies we are keen to attract investments due to their excellence in engineering and very high standards of manufacturing,” Eran Wickramaratne, deputy minister for highways […]
Sri Lanka needs a stronger female work force: Economist
May 28, 2015 (LBO) – Sri Lanka needs to look at ways to address, the lower female participation in the labour force and the under employment of the educated women, to get maximum contribution to the national economy, a senior economist said. “Sri Lanka needs to create more suitable employment opportunities for women,” Saman Kelegama, […]
Sri Lanka manufacturer puts up Rs80mn roofing products factory supported by USAID
May 28, 2015 (LBO) – Sri Lanka’s roofing products manufacturer, Building Solutions on Wednesday commenced operations at a new eco-friendly roofing products factory jointly funded by USAID. The factory built at a cost of 80 million rupees is located in Ampara and produces corrugated steel roofing and silos, generating hundreds of local jobs. Apart from […]
‘s Finance Minister
May 27, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake on Wednesday met representatives from Indian Tata Group, at the Ministry.The Group Head of Business Development, Madu Kannan were present at the occasion.Their visit aims to study how its investments in the new economic environment has emerged in Sri Lanka.
Sri Lanka stocks close down despite T-Bill yield drop and dividend announcements
May 27, 2015 (LBO) – Sri Lanka’s stocks closed lower for a third consecutive day despite a Treasury bill rate drop with investors taking profits, brokers said. The Colombo benchmark All Share Price Index closed 8.28 points lower at 7,253.50 down 0.11 percent. The S&P SL20 closed 6.95 points lower at 4,030.86 down 0.17 percent. […]
Maldivian hotel operator to build a water villa in North West Coast, Sri Lanka
May 27, 2015 (LBO) – A Maldivian Hotel operator, Sun Siyam said that it plans to develop an overwater villa resort in Kalpitiya, Sri Lanka as the hotel plans to expand across the Island.This project comes at the perfect time for overseas expansion of Maldivian brands, Ahmed Siyam Mohamed, Chairman and Managing Director of Sun […]
Sri Lanka Treasury bill yields dropped: Central Bank
May 27, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with 3-months yield dropping 01 basis points to 6.07 percent and 6-month yields also dropping 01 basis points, to 6.18 percent, data from the state debt office showed.It was decided to accept 10,102 million rupees from the auction of 03 […]