Author: lbostgadmin
Sri Lanka *market update* ASPI close up 0.7-pct, T/over crosses Rs.1bn
December 05, 2016 The market closed today posting a turnover of LKR 1,023,118,342(USD 6.9mn) with the indexes moving up. ASPI closed at 6368.12 up 42.55 points (+0.67%) while the more liquid SP SL20 index closed at 3555.85 up 34.09 points (+0.97%). Crossings accounted for 21% of the turnover with three crossings in DFCC.N (LKR 168mn; […]
Harmful recommendations include in constitutional reform reports: MR
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/12/4-December-2016-English-1.pdf” title=”4-december-2016-english-1″]
PTL Watch: Bond yields flat, local investors on sidelines
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/12/PTL-Daily-Market-Report-05th-December-2016.pdf” title=”ptl-daily-market-report-05th-december-2016″]
Virtusapolaris Colombo hosts second session of Sri Lanka robotics meetup
VirtusaPolaris Colombo hosted the second session of the Sri Lanka Robotics Meetup recently, where Dr. Lilantha Samaranayake, Senior Lecturer, Department of Electrical and Electronic Engineering, University of Peradeniya and Dr. Ruwan Gopura, Senior Lecturer, Department of Mechanical Engineering, University of Moratuwa delivered presentations on cutting edge robotics technologies. Dr. Lilantha presented on the topic “Affordable […]
Prime Ministers of New Zealand and Italy to resign
Dec 05, 2016 (LBO) – New Zealand Prime Minister John Key announced his resignation today backing his finance minister to take control saying it was the “right time” to leave politics. Key said he had no immediate future plans, but told media he would stay in Parliament long enough to avoid a by-election for his […]
Sri Lanka tile importers commend support from budget
Dec 05, 2016 (LBO) – Sri Lanka’s Tiles and Sanitary Ware Importers Association (TSIA) have welcomed the support of Budget 2017 for maintaining the reduction on import tariffs on tiles and sanitary ware. “Tiles and sanitary ware today, has become a commodity that has defined itself as a basic need. These entities are no longer […]
Sri Lanka tourism daily rate performance ahead of peers: STR
Dec 05, 2016 (LBO) – Sri Lanka’s 15.6 percent increase in the average room or daily rate (ADR) for tourism during the first ten months of the year puts its performance ahead of other countries in Southeast Asia in terms of rate growth, including, India, Thailand, Philippines, Malaysia, Vietnam and Indonesia, STR said in a […]
Vista Rooms simplifies corporate travel bookings, Cuts travel costs by 20-pct
(PRESS RELEASE) – Corporates in Sri Lanka can now sit back and relax when it comes to business travel while Vista Rooms minimizes hassle and streamlines the entire company’s travel itineraries via its one stop shop for corporate travel. Vista Rooms simplifies complex and troublesome booking procedures with a saving of 10-20% on the cost incurred […]
Asia stock funds see pockets of value after Trump sell-off
SINGAPORE, Dec 2 (Reuters) – Donald Trump’s shock election victory last month triggered a sell-off in Asian shares on heightened fears of protectionism – but for some investors, the selling marks an opportunity to buy into the region’s still compelling consumer story. Asian emerging market stocks lost 5.5 percent in the week after the […]
Korea Eximbank discusses Kandy traffic network with RDA
Dec 05, 2016 (LBO) – Export-Import Bank of Korea (Korea Eximbank) has begun supporting the connectivity plan of the traffic network in Kandy city through a knowledge sharing program, with a delegation holding its first workshop last week. Korea Eximbank intends to share the traffic network expansion experience of Korea to strengthen accessibility between Northern […]