Author: lbostgadmin
Hat Trick as Colombo stocks hit 2018 lows for 3rd straight session
June 20, 2018 (LBO) – Colombo stocks continued their decline hitting the 3rd consecutive day of new lows for 2018. The ASPI was down was down .76%, and the S&P SL 20 was down 1.23% on the day. The indices are down 2.4% and 6.6% on the year respectively. Turnover was an anaemic Rs341mn (US$2.1mn) […]
Hotel show Colombo 2018: Celebrating its 20th edition
The 20th edition of the Hotel Show Colombo 2018 – organized by the Ceylon Hotel School Graduates Association (CHSGA) together with event partner CDC Events, returns from 20th – 22nd July 2018 to the BMICH. It will be supported by both the Government and private sector related establishments. For the first time in Sri Lanka, […]
Sri Lanka Fin Min calls on professionals to step up and pay their taxes
Jun 20, 2018 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera called on professionals like doctors, lawyers, tuition masters, architects and others to come forward and pay their taxes. “Our doctors, lawyers, tuition masters, architects have been funded by taxpayers money through free education,” the Minister said in Colombo Tuesday. “It is only fair that they […]
United States steps out from United Nations Human Rights Council
June 20, 2018 (LBO) – The United States on Tuesday stepped out from the United Nations body that protects human rights around the world, saying the council, in fact, damages the cause of human rights. Nikki Haley, U.S. Permanent Representative to the UN, delivering remarks on the issue, blamed other countries for not having the […]
‘s charges : Fin Min
Jun 20, 2018 (LBO) – Sri Lanka’s cabinet has decided to remove the value added tax from a range of medical charges in private hospitals in a bid to reduce the health care cost of the people, the Finance Minister said. “VAT on the out patient department (OPD) charges, doctors consultation fees, channeling fees and surgeries […]
NDB Bank to raise Rs6.2bn in discounted rights issue
June 19, 2018 (LBO) – Colombo Stock Exchange (CSE) listed National Development Bank (NDB) announced a one for three rights issue to raise approximately Rs6.2bn. The purpose of the rights issue as stated in the CSE announcement is to: “further strengthen the equity base of the bank and thereby improve capital adequacy, and to part […]
Colombo Stock Exchange decides to delist Kalpitiya Beach Resort
June 19, 2018 (LBO) – Board of Directors of the Colombo Stock Exchange has decided to delist the securities of Kalpitiya Beach Resort subject to the approval of the Securities and Exchange Commission.In an announcement, Colombo Stock Exchange said the decision to delist the company is based on the following reasons.1. The shareholders of the […]
Another 2018 record low for Sri Lanka stocks
June 19, 2018 (LBO) – The Colombo Stock Exchange continued its slow bleed lower today hitting record lows for the second consecutive day in 2018. The All Share Price Index (ASPI), the market cap weighted index of all listed stocks, closed down .71% to 6265. The S&P Sri Lanka 20 index dropped 1.15% to 3473. […]
Sri Lanka to introduce new type of petrol for Motorcycles, Three Wheelers
June 19, 2018 (LBO) – Sri Lanka’s Petroleum Ministry is looking at introducing a new type of petrol for Motorcycles and Three Wheelers giving the consumers an economic relief. Petroleum Minister Arjuna Ranatunga says the required tests to introduce this new type of petrol are now being conducted successfully. “We were compelled to increase fuel […]
Milinda Ratnayake appointed Vice Chairman of Airport Authority
Veteran aviator, Capt. Milinda Ratnayake has been appointed as the Vice Chairman of the Airport Authority. Clocking over 15,000 hours of flying passenger aircraft he has witnessed the operations of Air Ceylon, Air Lanka and Sri Lankan Airlines for over 40 years. Besides his flying career, he also possesses a wealth of managerial experience overlooking […]
Avian Technologies receives Dell EMC Gold Partner status
One of the leading IT solutions providers in Sri Lanka, Avian Technologies announced that the Company has received the Dell EMC Gold Partner’ status, awarded to companies that record commendable achievements in terms of revenue generation and attaining certification. The EMC Gold Partner status enables Avian Technologies to reinforce the confidence that customers have already […]
LankaPropertyWeb.com eases the hassle of buying and selling property
Today’s busy lifestyle hastaken away the luxury of time to attend to all that entails a property transaction. This includes countless amounts of paperwork, finding lawyers and valuers, spending a day at government institutions to pay stamp duties,and consultbanksto fill in forms to applyfor a housing loan. LankaPropertyWeb’snew Buyer and Seller Assistance portal removes this […]