Author: lbostgadmin
Sri Lanka stocks close down 2-pct at near two year low
Mar 04, 2016 (LBO) – Sri Lankan stocks closed down 2.02 percent with losses across the board following an announcement from the government to re-introduce Capital Gains Tax which has not been implemented in Sri Lanka from 1987, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 112.50 points at 5,934.72, down 2.02 […]
State debt rose to 9.5 trillion rupees after revealing hidden dues: PM
Mar 08, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament Tuesday that the island’s debt has now increased to 9.5 trillion rupees after adding hidden government dues which amount to 1,442 billion rupees. Wickremesinghe, making a special statement in Parliament, said as at end of 2015 the state debt amounted to 8,475 […]
LIRNEasia expands knowledge base in big data
Mar 08, 2016 (LBO) – A new report from LIRNEasia on using behavioral big data for public purposes aims to explores privacy issues at the frontiers of research on big data, the think tank said. The research aims to produce insights from Mobile Network Big Data (MNBD) for informing policy across various domains such as […]
Sri Lanka’s Laugfs Gas expands into Dubai
Mar 08, 2016 (LBO) – Sri Lanka’s Laugfs Gas announced the expansion of it’s regional presence with a new business venture in Dubai Multi Commodity Center which commenced operations as a fully-fledged international energy trading business. Named as SLOGAL Energy, this fully owned trading arm of Laugfs Gas commenced operations from Dubai as a international energy […]
PTL Watch: Selling in 2023, 2024 Sri Lanka bonds
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Aravinda to Chair new selection committee for Sri Lanka Cricket, Sanga included
Mar 08, 2016 (LBO) – Sri Lanka’s Sports Minister has appointed a new National Cricket Selection Committee with immediate effect following recent failures encountered by the team, a Ministry statement said. The committee will be chaired by Aravinda De Silva while Kumar Sangakkara, Romesh Kaluwitharana, Lalith Kaluperuma and Ranjith Madurasinghe will serve as members. The […]
Brent oil up 5.5 pct, iron ore up 19 pct as commodities rally
Mar 08, 2016 (LBO) – Oil rose to a two-month high, up 5.5 percent, on a technical rally which is being closely watched by markets, as iron ore jumped 19 percent, and Gold rose to its highest in a year. Brent crude rose 5.5 percent to 40.8 dollars per barrel, as analysts said a break […]
Sri Lankan apparels enter 3D design for first time
The leading provider of hi-tech solutions for the global textile industry has partnered with Sri Lanka’s apparel sector to upgrade the country’s apparel designing to new levels-and the Lankan apparel industry has now entered the 3D design realm for the first time. “With world class certifications we are now supplying to many global brands such […]
Sri Lanka Investment and Business Conclave 2016 to open
Mar 07, 2016 (LBO) – Sri Lanka Investment and Business Conclave 2016 organised by the Ceylon Chamber of Commerce will commence tomorrow in Colombo with the participation of 125 plus potential investors from 27 countries. Apart from them, 130 Sri Lankan executives representing top local firms will take part in the event in order to […]
Sri Lanka’s UNP and Communist Party of China to strengthen links
Mar 07, 2016 (LBO) – Sri Lanka’s ruling United National Party has initiated plans to deepen its relationships with the Communist Party of China (CPC), the Board of Investment said in a media release. The statement came after the Chairman of the UNP Minister Malik Samarawickrama and Minister Sagala Ratnayaka concluding a meeting with Minister and Vice […]
Government should proceed cautiously on proposed ETCA with India: MR
Mar 07, 2016 (LBO) – Sri Lanka’s ex-President Mahinda Rajapaksa has urged the government to table in parliament the ETCA agreement they intend signing with India. Releasing a media release Rajapaksa insists the government to seek the views of trade chambers, professional associations and the general public before making any decision to enter into ETCA […]
Lamudi explores real estate prices in Gampaha
Located approximately 28 kilometers away from the Colombo city center is Gampaha, capital city of the Gampaha District, situated in northeast Colombo. It is known to be the sixth largest urban area in the Western Province after Colombo, Kalutara, Negombo, Panadura and Avissawella. Real Estate in Gampaha – Then & Now Today, Gampaha attracts residents […]