Author: lbostgadmin
JHU ‘Ranaviru’ commemoration
The Jathika Hela Urumaya on Tuesday (19) evening commemorated the ‘Ranaviru Day’ at the Independence Square.
Sri Lanka’s IOC unit records 1.06 billion loss in March 2015
May 19, 2015 (LBO) – Lanka IOC, a unit of Indian Oil Company reported 1.06 billion rupees loss in March 2015 against 722 million rupees profit reported last year, interim accounts showed. In the year to March profits were down to 1.8 billion rupees from 4.8 billion rupees a year earlier. The firm reported negative […]
Sri Lanka stocks close up at 0.15-pct
May 19, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.15 percent with gains seen in some of the banking and conglomerate stocks, brokers said. The Colombo benchmark All Share Price Index closed 11.18 points higher at 7,266.20 up 0.15 percent. The S&P SL20 closed 9.15 points higher at 4,046.83 up 0.24 percent. Turnover […]
Sri Lanka sells Rs3.3bn in 09 year bonds; 07 year bonds rejected
May 19, 2015 (LBO) – Sri Lanka has sold 3.29 billion rupees of nine year bonds after calling bids for two billion rupees of bonds, the state debt office said. The debt office on Tuesday sold the bond maturing on 15 March 2025 at weighted average yield of 9.01 percent. The bond has received 14.67 […]
‘s Debt assigned final ratings: Fitch
May 19, 2015 (LBO) – Fitch Ratings Lanka has assigned DFCC Vardhana Bank PLC’s proposed Basel II-compliant senior debentures a final National Long-Term Rating of ‘AA-(lka)’ and proposed Basel II-compliant subordinated debentures a final National Long-Term Rating of ‘A+(lka)’, the rating agency said in a press release. The Media Release Reproduced Below:- The final ratings […]
‘s Haycarb profit margins squeezed by high charcoal prices
May 19, 2015 (LBO) – Sri Lankan coconut shell-based activated carbon manufacture Haycarb’s March 2015 quarter profit after tax rose 18.33 percent to 279 million rupees from 236 million rupees last year, the interim accounts filed with the stock exchange revealed. “The increase in price of the primary raw material, coconut shell based charcoal impacted […]
Post-war Sri Lanka concentrated on development not reconciliation: President
May 19, 2015 (LBO) – Sri Lanka’s former administration, after winning a terrorist war against the LTTE has not concentrated on the reconciliation process, President Maithripala Sirisena said.“I think the post war Sri Lanka concentrated more on physical development rather than building reconciliation,” Sirisena said.He was speaking at the ‘Ranaviru Commemorative Parade 2015’ held in […]
Economic growth in Asia Pacific up slightly to 5.9-pct in 2015: ESCAP
May 19, 2015 (LBO) – Economic growth in Asia and the Pacific is expected to increase only slightly to 5.9 percent in 2015 from 5.8 percent in 2014, a recent report revealed. “Economic growth in Asia Pacific continues to fare well in the global context,” the Economic and Social Survey of Asia and the Pacific […]
The Lord Mayor of the City of London Visits CSE
May 18, 2015 (LBO) – The Lord Mayor of the City of London visited the Colombo Stock Exchange (CSE) and took part in the Market Opening Ceremony. Yarrow also held discussions on the investment prospects of the Sri Lankan Capital Market and the potential for the growth of foreign direct investment under the new government. The […]
Sri Lanka stocks close lower at 0.05-pct
May 18, 2015 (LBO) – Sri Lanka’s stocks closed lower at 0.05 percent with the prevailing political uncertainty affecting investor sentiment, brokers said. The Colombo benchmark All Share Price Index closed 3.65 points lower at 7,255.02 down 0.05 percent. The S&P SL20 closed 11.94 points lower at 4,038.74 down 0.29 percent. Turnover was 1.1 billion […]
Sri Lanka Singer Plc to issue a debenture
May 18, 2015 (LBO) – Sri Lanka, Singer PLC, is to issue 20,000,000 rated senior unsecured redeemable debentures at an issue price of 100 rupees per share, the company said in a filing to Colombo Stock Exchange.The filing also said that the Colombo Stock Exchange has approved in principal an application for listing the debt […]
Sri Lanka will leave no room for power misuse: President
May 18, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena said that there won’t be any room left for the misuse of power and past incidents would be rectified.At a meeting held Sunday, President Sirisena asked, SLFP supporters whether they thought it would be right on his part, if he used his Presidential powers to […]