Author: lbostgadmin
Teejay ends Q3 with revenue growth of 33-pct despite challenges
Press Release: The Teejay Group which recently consolidated its operations in Sri Lanka and the region under the single brand ‘Teejay,’ announced a strong revenue growth of 33 percent over the nine months ended 31st December 2016. The Group recorded a revenue of 16.4 Billion compared to the Rs. 12.3 Billion during the corresponding period […]
Sri Lanka army seeks USD50mn loan from Russia for Mali operations
Jan 26, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to obtain a 50 million US dollar loan from a Russian bank to purchase military equipment required to deploy troops for peacekeeping in Mali. Sri Lanka has made commitments with United Nations to deploy 250 security personnel with major military equipment as well […]
John Keells Holdings announces second interim dividend
The Board of Directors of John Keells Holdings today announced a second interim dividend of two rupees per share for the 2016/17 financial year. The diversified conglomerate said in a stock exchange filing that the payment date of the dividend will be 16th February 2017.
Sri Lanka Ease of Doing Business Forum meets tomorrow
The Ministry of Finance will be holding the eleventh Forum of the “Ease of Doing Business” tomorrow 27 January 2017 at 2. 00 pm at the 4th Floor Auditorium of MILODA, Academy of Financial Studies, (Old Times Building), Sir Razik Fareed Mawatha, Colombo-01. Ease of Doing, a special forum held by the Finance Ministry under […]
Sri Lanka’s first Palliative Care Centre to open in Anuradhapura
The Government of Sri Lanka, along with Shanthi Foundation, an Australian registered charity, announced its plans to establish Sri Lanka’s first ever Palliative Care Centre in Anuradhapura. This is a joint initiative involving the Presidential Task Force on Prevention of Chronic Kidney Disease, the Ministry of Health, the Sri Lankan High Commission of Australia and […]
PTL Watch: Yields tick higher on foreign selling
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/01/PTL-Daily-Market-Report-26th-January-2017.pdf” title=”PTL Daily Market Report 26th January 2017″]
Sri Lankan rupee steady in dull trade; stocks rise
Jan 26, 2017 (Reuters) – The Sri Lankan rupee was steady in thin trade on Thursday as dollar demand from importers was offset by selling of the U. S. currency by exporters, dealers said, a day after the central bank revised the spot reference rate by 10 cents to a record low. Rupee forwards were […]
Opinion: Should Sri Lanka Adopt Payment Card Industry Data Security Standard?
By Sujit Christy, Director, Information Security Professional Associates (iSPA) During the past few years several data breaches have made global headlines. You may remember the Target Stores data breach in 2013 that put the credit-card numbers and personal information of millions of people into the hands of cyber criminals.According to the court documents about 42 […]
Asia rises after Dow tops 20,000 for first time, dollar on defensive
TOKYO, Jan 26 (Reuters) – Asian stocks gained early on Thursday, cheered by the Dow Jones Industrial Average breaching past the 20,000-level threshold for the first time though concerns about U.S. President Donald Trump’s protectionist stance kept the dollar on the defensive. MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.3 percent. […]
‘s 2016 tea production, exports down, revenue up
Jan 26, 2017 (LBO) – Sri Lanka’s tea exports for 2016 totaled 288.7M/kgs compared with 306.9M/kgs during 2015 showing, a decrease of 18.2M/kgs, a tea market report said. “This records the lowest export volume since 2002 where total exports declined to 287.2M/kgs,” Forbes & Walker Tea Brokers said in their latest report. When analyzing the categories of exports, […]
Govt gives nod for construction of luxury tourist camps in Yala
Jan 26, 2017 (LBO) – The cabinet has approved additional land of 155 perches on 50 year lease basis to construct luxury tourist camps adjacent to Yala National park, a statement said. The price of the land adjacent to Yala Block C will be determined by the Chief Valuer with approvals needed from the Department […]