Author: lbostgadmin
Global trade, China, RCEP took centre stage in Davos
Jan 31, 2016 (LBO) – Global trade took centre stage at the World Economic Forum meetings in Davos recently with signs of a new leader in town, despite U.S. assurances they wanted trade and not a trade war. With the U.S. pulling out of TPP, ASEAN’s RCEP stepped into the spotlight. Last year trade flows […]
‘s Central Bank extends Amana Bank’s deadline to raise capital
Jan 30, 2017 (LBO) – Sri Lanka’s Central Bank has extended the time allocated to raise the core capital requirement of Amana Bank to 7. 5 billion rupees by six months. The bank said in a stock exchange filing that the letter issued by the Central Bank on 15 January 2017 has extended the time […]
Asian shares rattled by Trump travel curb orders, dollar soft
TOKYO, Jan 31 (Reuters) – Asian shares were on the defensive on Tuesday as stringent curbs on travel to the U.S. ordered by President Donald Trump brought home to investors that he is serious about putting his radical campaign pledges into action. Global stocks posted their biggest loss in six weeks after Trump signed an […]
Toyota relinquishes top global sales spot to Volkswagen in 2016
Jan 30, 2017 (Reuters) – Toyota Motor Corp’s four-year run as the world’s top-selling automaker has ended as the Japanese company said on Monday its global sales for 2016 fell short of Volkswagen AG’s. Toyota said global sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd truck brands rose 0. 2 percent to […]
‘ dollar buying; stocks up
Jan 30, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Monday as some foreign banks bought dollars amid demand for the U.S. currency from importers, dealers said. Rupee forwards were active, with two-week forwards trading at 150.90/151.00 per dollar at 0551 GMT, weaker from Friday’s close of 150.85/95. The spot rupee was quoted […]
Ceylon Cold Stores net up 26-pct in December quarter
Jan 30, 2017 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores rose 26 percent to 823 million rupees in the December 2016 quarter from a year earlier. Ceylon Cold Stores is a top producer of carbonated drinks, ice creams and has a retail chain. The firm reported earnings of 8. 67 rupees per share […]
Capital Alliance introduces high value management trainee programme
Sri Lanka’s leading investment banking firm and the preferred partner in capital markets, Capital Alliance Limited (CAL), has launched a new Management Trainee & Internship Programme called ‘CAL Talent Circle’ to attract and nurture talent in the financial services industry. This programme offers graduates, undergraduates and school leavers a unique opportunity to learn and contribute […]
Nawala emerging as high end apartment hub: RIU
Jan 30, 2017 (LBO) – Nawala, between Sri Lanka’s commercial capital Colombo and administrative capital Kotte, is seen as the next high-end residential apartment hub, as new infrastructure in and around the area will address issues related to traffic congestion, a research institute said. “Many new real estate developers have realised the potential of the […]
Toyota Lanka launches its first 1,000cc vehicle Wigo
Press Release: Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles in Sri Lanka launched its very first 1000cc brand new vehicle to the Sri Lankan market. The Toyota ‘Wigo’ was unveiled at the Ceylon Motor Show held at the BMICH. The ‘Wigo, is Toyota Lanka’s very first entry in the 1000cc category […]
Indian trade chamber interested in investments in north
Jan 30, 2016 (LBO) – Sri Lanka is ready to welcome India’s largest business chamber, the Chamber of Commerce and Industry of India (ASSOCHAM), as there are significant opportunities for investment in the north, Rishad Bathiudeen, the minister of industry and commerce said. Bathiudeen was speaking at the 8th Jaffna International Trade Exhibition last week. […]
Hayleys “Jeevadhara” project for Murunga cultivation
(PRESS RELEASE) – Committed to improving rural livelihood and nutrition through sustainable agricultural development, Hayleys Agriculture the agriculture arm of the leading multinational conglomerate Hayleys PLC, launched the ‘Jeevadhara’ programme to provide one million Moringa (Murunga/Drumstick/Moringa Oleifera) plants to families in Jaffna and neighboring areas of the Northern Province via a network of 100,000 out-growers. […]