Author: lbostgadmin
Sri Lanka stocks close up at 0.3-pct
May 15, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.30 percent with finance sector and some index heavy stocks trading actively, brokers said. The Colombo benchmark All Share Price Index closed21.80 points higher at 7,258.67 up 0.30 percent. The S&P SL20 closed 6.54 points higher at 4,050.14 up 0.16 percent. Turnover was 1.08 […]
Sri Lanka’s NDB posts Rs1.6bn profits; 30-pct YoY growth
May 15, 2015 (LBO) Sri Lanka’s National Development Bank PLC reported 1, 558 million rupees of profit after tax in the first quarter of 2015 up 30 percent compared to the same period 2014, interim report showed.The Bank’s total operating income before impairment charges for loans and other losses and operating expenses grew by 18 […]
Sri Lanka to boost economic ties with London
May 15, 2015 (LBO) – Lord Mayor of the City of London, Alderman Alan Yarrow, is due to lead a business delegation to Sri Lanka to strengthen economic ties and boost profession links between the two cities, the British High Commission said.“The Lord Mayor of the City of London, Alderman Alan Yarrow, is to lead […]
Sri Lanka’s 20A will help resolve disparities in development and growth: Minister
May 15, 2015 (LBO) – Sri Lanka’s proposed electoral reforms will allow better representation at grass root level which can help solve disparities in terms of development and growth within Provinces, a Minister said.“The 20 amendment to the constitution hopes to put in place electoral reforms that will bring better representation at grass root level,” […]
‘s Northern PC invited to commemorate victory against separatism
May 15, 2015 (LBO) – Sri Lanka’s coalition government has invited Northern Provincial Councilors to attend the victory day celebrations which will be held next week in Southern Sri Lanka.“We are inviting all. We’ll see whether they are coming,” cabinet spokesman Rajitha Senaratne said.“We are not going to commemorate this as a war victory. We […]
Sri Lanka Cricket reappoints Angelo as test and ODI captain
May 14, 2015 (LBO) – Sri Lanka Cricket has decided to re-appoint Angelo Mathews as the captain of the Sri Lanka national team for the test and ODI formats.Sri Lanka Cricket said the appointment follows a selection committee meeting held with national selectors.According to media reports his appointment is to commence from upcoming tour of […]
National Conference on the restructuring of the media
National Conference on the restructuring of the media in the country was held last Thursday (14) at the Sri Lanka Foundation Institute.
‘s economic growth to remain at 7.5-pct in 2015: ESCAP
May 14, 2015 (LBO) – Sri Lanka’s will maintain high growth rate of 7.5 percent in 2015 on continued strength in private consumption, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said. “Growth is expected to remain at the high rates of 7.5 percent in 2015 and 7.6 percent in […]
Sri Lanka cabinet takes time to finalize 20A; local government election under new system
May 14, 2015 (LBO) – Sri Lanka’s cabinet has appointed a ministerial sub committee to study the 20th amendment proposals and to identify the principles laid down by each party, cabinet spokesman Rajitha Senaratne said.Sarath Amunugama, S.B. Dissanayake, Lakshman Kiriella, Kabir Hashim, Champika Ranawaka, Rauff Hakeem, Gayantha Karunathilaka, Palani Digambaran and Rishad Bathiudeen has been […]
Sri Lanka’s CSE turnover crosses Rs5bn during mid-day trade boosted by Ceylinco deal
May 14, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange crossed the five billion rupees turnover mark during mid-day trade with a large block trade reported at Ceylinco Insurance, brokers said.Over 2.1 million shares of Ceylinco Insurance at 1,602.00 rupees per share were traded through SMB Securities with over 3.5 billion rupees added to the […]
‘s cabinet spokesman was offered Rs20mn bribe
May 14, 2015 (LBO) – Sri Lanka’s cabinet spokesman Rajitha Senaratne told reporters Thursday that he had been offered a bribe of 20 million rupees for keeping silent on a matter relating to the Avant Garde investigation. “The bribe was for a two weeks of silence. I refused it and my friend has a voice […]
‘s Commercial Bank profits up 10-pct to 2.53bn rupees
May 14, 2015 (LBO) – Sri Lanka’s Commercial Bank reported a profit after tax of 2.5 billion rupees for the three months ended March 31, a rise of 10.1 percent from the same period last year, the bank’s interim results filled with the stock exchange showed. The growth in deposit and lower cost of funds […]