Author: lbostgadmin
Lux launches limited edition fragrance soap collection in Sri Lanka
May 28, 2015 (LBO) – Lux on Wednesday unveiled their latest Lux star collection, a limited edition collection co-created with Deepika Padukone and with a new fragrance by master perfumer Alessandra Vinksnaitis. Sri Lanka’s gorgeous star, Pooja Umashanker who launched the two new soaps said she was delighted with the captivating fragrance of these soaps.“To […]
Sri Lanka keen to attract German investments: Minister
May 28, 2015 (LBO) – Sri Lanka is keen to attract German investments due to their high standards of manufacturing, a Minister said in a statement. “With regard to German companies we are keen to attract investments due to their excellence in engineering and very high standards of manufacturing,” Eran Wickramaratne, deputy minister for highways […]
Sri Lanka manufacturer puts up Rs80mn roofing products factory supported by USAID
May 28, 2015 (LBO) – Sri Lanka’s roofing products manufacturer, Building Solutions on Wednesday commenced operations at a new eco-friendly roofing products factory jointly funded by USAID. The factory built at a cost of 80 million rupees is located in Ampara and produces corrugated steel roofing and silos, generating hundreds of local jobs. Apart from […]
‘s Finance Minister
May 27, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake on Wednesday met representatives from Indian Tata Group, at the Ministry.The Group Head of Business Development, Madu Kannan were present at the occasion.Their visit aims to study how its investments in the new economic environment has emerged in Sri Lanka.
Sri Lanka stocks close down despite T-Bill yield drop and dividend announcements
May 27, 2015 (LBO) – Sri Lanka’s stocks closed lower for a third consecutive day despite a Treasury bill rate drop with investors taking profits, brokers said. The Colombo benchmark All Share Price Index closed 8.28 points lower at 7,253.50 down 0.11 percent. The S&P SL20 closed 6.95 points lower at 4,030.86 down 0.17 percent. […]
Maldivian hotel operator to build a water villa in North West Coast, Sri Lanka
May 27, 2015 (LBO) – A Maldivian Hotel operator, Sun Siyam said that it plans to develop an overwater villa resort in Kalpitiya, Sri Lanka as the hotel plans to expand across the Island.This project comes at the perfect time for overseas expansion of Maldivian brands, Ahmed Siyam Mohamed, Chairman and Managing Director of Sun […]
Sri Lanka Treasury bill yields dropped: Central Bank
May 27, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with 3-months yield dropping 01 basis points to 6.07 percent and 6-month yields also dropping 01 basis points, to 6.18 percent, data from the state debt office showed.It was decided to accept 10,102 million rupees from the auction of 03 […]
Sri Lanka’s phone market shifts to smart phone rapidly: Samsung Official
May 27, 2015 (LBO) – Sri Lanka’s mobile phone market is seeing a rapid shift towards the smart phone segment, a Samsung official said. “The total mobile market which comprise feature and smart phones will now experiencing a major shift from feature to smart in Sri Lanka.” Youngmin Shin, Managing Director, Samsung Sri Lanka said.He […]
Sri Lanka to set up a special court to ensure speedy justice for brutal murder of Jaffna school girl
May 27, 2015 (LBO) – Sri Lanka’s President Sirisena had said, a special court will be set up to ensure speedy and proper justice in the case of brutal rape-murder of the school girl in Jaffna.“We cannot let such incidents to be happened ever in the future in the country,” Sirisena said.He yesterday visited Jaffna […]
Sri Lanka’s Ceylon Cold Stores March quarter net down 7-pct
May 27, 2015 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores, which has interests in consumer goods and retailing, fell 6.75 percent to 601.2 million rupees in the March 2015 quarter from a year earlier with the tax expense doubled, interim accounts showed.The firm reported earnings of 6.33 rupees per share for the quarter […]
US Internal Revenue Service hacked; 100,000 taxpayers data breached
May 27, 2015 (LBO) –The United States Internal Revenue Service announced Tuesday that it will be notifying taxpayers after third parties gained unauthorized access to information on about 100,000 accounts through an online application called “Get Transcript”.This data included Social Security information, date of birth and street address, the IRS said in a statement.“These third […]
” final national long term rating: Fitch
May 27, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer Finance (Lanka) senior secured debt a final national long-term rating of ‘BBB(lka)’, the rating agency said in a statement. The final rating is at the same level as the expected rating assigned on 18 February 2015, Fitch said.On 21 May 2015, Singer Finance […]