Author: lbostgadmin
Colombo Stock Exchange (CSE) turnover starts the week at embarrassing levels
June 25, 2018 (LBO) – Colombo stocks started the week slowly with both major Sri Lanka equity indices (ASPI and S&P SL 20) finishing slightly in the red. Turnover was Rs176mn (US$1.1mn), one of the lowest figures for 2018. Experts say that these levels of turnover depict a market that appears nonfunctional, particularly to foreign […]
Sri Lanka development bond issue oversubscribed, 4 year bids rejected
June 25, 2018 (LBO) – The issue of Sri Lanka development bonds amounting to 700 million US dollars have been oversubscribed with 937 million dollars of bids received from investors. The central bank received 829.60 million bids for the 2 years 10 months bond and accepted 693.89 million dollars worth bids at a weighted average […]
Opinion: Importance of Financial Reporting for Transparency
By Nishan Fernando Corporate Reporting Bushman, Piotroski and Smith (2003) identified that the availability of information was considered to be a key determinant of the efficiency of resource allocation decisions and growth in an economy. Availability of information is linked to corporate transparency, defined as the widespread availability of firm-specific information to those stakeholders outside […]
Sri Lanka’s first 3D film to be produced about drug trade
June 25, 2018 (LBO) – Teledrama and film director Rohan Welivita is to produce Sri Lanka’s first 3D film which will be based on the drug trade spreading across the country. The script has been written by Welivita himself and the working title of this film has been named as “Shakthi”. The film depicts the […]
Enterprise Sri Lanka to strengthen local entrepreneurs: President
Jun 25, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says as we introduce Credit Programmes for entrepreneurs, a joint programme implemented by all the relevant institutions is also needed in a similar manner, to offer a good market and reasonable price for their produce as well as measures to prevent importation of those products […]
SEC, CSE launch ‘Empower’ for SME’s
Jun 25, 2018 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) will launch “Empower” – the SME Board to attract Small and Medium Enterprises (SMEs) to the CSE, creating a platform to attract SMEs to the CSE. The official launch is scheduled to be held on […]
Buddha said to respect democracy, No dictatorial rule: PM
Jun 25, 2018 (LBO) – Prime Minister Ranil Wickremesinghe said the Buddha had never preached a dictatorial rule but instead his thought was to consult, confer and disperse peacefully and to respect ideologies expressed by all people. “The Government is running the country according to the teachings in Buddhism and if Buddhism faces any danger, government […]
Tokyo Cement (TKYO) reports a loss as Sri Lankan construction industry slows in Q1
June 24, 2018 (LBO) – The Central Bank of Sri Lanka recently released its first quarter GDP report. Growth was a tepid 3.2% for the quarter ended March 31, 2018. Digging deeper, one saw a rebound in agriculture with a growth of 4.4%, and services meandering along with the same 4.4% year over year growth […]
Colombo stocks in a slumber to finish the week
June 22, 2018 (LBO) – The Colombo Stock Exchange finished the week with not a bang, but a whimper. Stocks finished flat with both major indices (ASPI and S&P SL 20) closing almost unchanged. Turnover was very light at Rs277mn (US$1.7mn). The recent trend of foreign selling continued with today’s net foreign sales of Rs72mn […]
PropertyGuru Asia Property Awards (Sri Lanka) 2018 finalists announced
Jun 22, 2018 (LBO) – Sri Lanka’s best developers are now officially finalists for the second annual PropertyGuru Asia Property Awards (Sri Lanka) competition, which is being held for the very first time in Colombo on 12 July 2018. More than a dozen companies have been shortlisted for the industry’s highest honours to celebrate excellence […]
‘s promised act of parliament
June 22, 2018 (LBO) – Yesterday the magistrates court in Sri Lanka, hearing a case related to the country’s most prominent financial scandal, further remanded Arjun Aloysius and Kasun Palisena till July 5th. When July 5th arrives, the two would have spent over 5 months in remand without bail. The media cover the proceedings every […]
Nansen Vessel arrives in Colombo to conduct survey on marine resources
Currently, the most advanced research vessel in the world, the Dr Fridtjof Nansen arrived in Colombo to conduct surveys on fisheries resources and the marine ecosystem. The survey, starting in Colombo on 24 June 2018 will cover the continental shelf and upper slope of Sri Lanka until 16 July 2018. The last visit of a […]