Author: lbostgadmin
Sri Lanka joins Saudi Horeca Exhibition to promote ‘Pure Ceylon Tea’
The Sri Lanka Tea Board and the Embassy of Sri Lanka in Riyadh joined hands with the private sector tea trade in Sri Lanka to promote ‘Pure Ceylon Tea’ in the largest Gulf market of Saudi Arabia. While a half-day session was organized for the interested buyers from Saudi to net – work effectively with […]
‘s education survey
Dec 07, 2016 (LBO) – Singapore has outperformed the rest of the world in the OECD’s latest Programme for International Student Assessment (PISA) survey, which evaluates the quality, equity and efficiency of school systems. The top OECD countries were Japan, Estonia, Finland and Canada. The OECD’s PISA 2015 tested around 540,000 15-year-old students in 72 […]
Sri Lanka tea up for third consecutive month in Nov
Dec 07, 2016 (LBO) – Sri Lanka’s tea auction average for the month of November showed gains with prices up 168.82 rupees to 581.33 rupees against 412.51 rupees in the period last year. “It is also noteworthy that this is the highest ever average for a calendar month improving on the previous best achieved during the […]
Fitch rates Bank of Ceylon subordinated debt final AA(lka)
Fitch Ratings Lanka has assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to LKR8bn a final National Long-Term Rating of ‘AA(lka)’. The final rating is the same as the expected rating assigned on 25 October 2016, and follows the receipt of documents conforming to information already received. The proposed issuance, […]
Thailand to launch stock exchange for startups
Dec 06, 2016 (LBO) – Thailand is launching a new stock exchange that caters to startups, according to a report by the Nikkei Asian Review. Companies could list on the very day they are established, even without any record of earnings, Kesara Manchusree, president of the Stock Exchange of Thailand (SET) said. For most startups, […]
UNDP launches year-long campaign to mark its 50 Year journey in Sri Lanka
2016 marks an important year for the United Nations Development Programme as it marks fifty years of UNDP working on the global frontlines of development, advocating for change and connecting countries to the knowledge, experience, and resources needed to help people build better lives. The world has changed immeasurably over the years, and UNDP has […]
Ceylinco Life’s income tops Rs 17 billion in nine months
Dec 06, 2016 (LBO) – Ceylinco Life has reported total income of 17.165 billion rupees for the nine months ending 30th September 2016, reflecting growth of 15.3 per cent over the corresponding period of last year. Premium income for the nine months improved by 11 per cent to 11 billion rupees, while investment and other […]
Lanka Sugar posts Rs.1 bn profit
(PRESS RELEASE) – The state owned entity Lanka Sugar, which previously reported heavy losses, has reported a profit of one billion rupees by third quarter of 2016 in comparison to the loss one billion rupees in 2015. Upto third quarter (3Q) of 2016, Lanka Sugar’s Pelwatte and Sevanagala facilities cultivated 13164 hectares of sugar canes (an […]
PTL Watch: Bond yields flat, some foreign selling
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London Stock Exchange Group opens new tech facility in Sri Lanka
Dec 06, 2016 (LBO) – London Stock Exchange Group (LSEG) yesterday announced the opening of its new state-of-the-art technology facility in Sri Lanka. Headquartered in the TRACE Expert City precinct of Colombo, the new technology hub was opened by the Prime Minister of Sri Lanka, Ranil Wickremesinghe and LSEG Chairman, Donald Brydon. A delegation including […]
Visitors to Sri Lanka up 16-pct in Nov 2016, 2 million target in sight
Dec 06, 2016 (LBO) – Tourist arrivals to Sri Lanka in November rose by 16 percent to 167,217 arrivals with Chinese and Western European markets continuing their growth momentum. In the first 11 months arrivals rose to 1.82 million, up by 14.7 percent, making two million mark for the year achievable. December is likely to be […]
Asia stocks bounce as risk appetite returns after Italy vote
HONG KONG, Dec 6 (Reuters) – Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy’s referendum was overdone, with robust U.S. economic data also helping sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.8 percent, its biggest daily rise […]