Author: lbostgadmin
Golden Key Depositors to withdraw all complaints: Central Bank to bare costs (In Pics)
May 13, 2015 (LBO) – Sri Lanka’s golden key depositors were asked to withdraw all cases to be taken up by the Supreme court on 18 May 2015 following a assurance of 40 percent pay back by the Central Bank. “We are here to facilitate and to ensure that they (depositors) are provided the relief […]
Sri Lanka stocks close down at 0.2-pct
May 13, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.19 percent with banking sector and some index heavy stocks recording losses, brokers said. The Colombo benchmark All Share Price Index closed 13.56 points lower at 7,245.05 down 0.19 percent. The S&P SL20 closed 12.71 points lower at 4,060.85 down 0.31 percent. Turnover was […]
”’ final rating
May 13, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer’s unsecured redeemable debentures issue of up to 3 billion rupees a final national long term rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on 20 April 2015, and follows the receipt of documents conforming to information already […]
Sri Lanka’s Central Bank to settle Golden Key depositors: Ravi K assures
May 13, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake says that the Central Bank will take the responsibility of paying the defaulted Golden Key depositors after they withdraw their cases that are to be taken up on 18 May 2015.He made this comment following a meeting held with the depositors at the Finance […]
‘s foreign policy reset to serve all Lankans: Foreign Minister
May 13, 2015 (LBO) – Sri Lanka’s foreign policy has been reset to serve the interests of all Sri Lankans and eager to regain its position as a respected member of the international community, Foreign Minister said.Foreign Minister Mangala Samaraweera addressing ambassadors representing twenty four countries explained efforts to restore democracy through constitutional, administrative and […]
Ceylon Tobacco sales up 11-pct on increase of disposable income: Interim Report
May 13, 2015 (LBO) – Sri Lanka’s Ceylon Tobacco Company’s sales volumes increased 11 percent during the quarter which could be attributed to a higher level of consumer confidence and an increase in disposable income, the company said in its interim report. “During the first quarter we continued to see a volume growth in the […]
Sri Lanka’s online property portal Lamudi releases updated Android app
May 13, 2015 (LBO) – Sri Lanka’s real estate marketplace Lamudi has recently released an updated version of its Android app to make it easier for house-hunters to. Version 2.0 of the app, Lamudi: Property for Sale & Rent, offers overall better speed and performance, making it easier to browse through Lamudi’s global catalogue of […]
‘s authorities should be cautious when issuing building permits: Harsha de Silva
May 13, 2015 (LBO) – Sri Lanka’s Municipal councils and local authorities should be more cautious when issuing building permits to people in areas where there are high tension power cables, a Deputy Minister said.“People must get the correct approvals for the construction of their houses from the relevant Municipal council or authority,”Harsha De Silva, […]
Sri Lanka’s Hemas Hospitals chain gets new MD
May 13, 2015 (LBO) – Sri Lanka’s Hemas Hospitals said Lakith Peiris has been appointed as the chain’s new Managing Director with effect from 01st of April this year. He will overlook the three Hemas Hospitals at Wattala, Galle and Thalawathugoda and their 32 laboratories around the country. Peiris had also held the position of […]
Sri Lanka Business Chambers welcome govt’s initiative of ease of doing business
May 13, 2015 (LBO) – The Joint Business Chambers of Sri Lanka welcome the initiative taken by the Ministry of Finance to engage in a series of discussions with the public institutions and private sector to address the issues concerning the improvement of Sri Lanka’s Ease of Doing Business Ranking, which now ranked at 99, […]
Sri Lanka Gem exports targets to cross $1bn by end 2015
May 13, 2015 (LBO) – Sri Lanka plans to increase export of local gems to one billion US dollars by the end of the year, Sri Lanka Gem and Jewelry Association said in a media release.Sri Lanka will host the 16th Congress of the International Colored Gem Stone Association from May 16th to 19th at […]
Sri Lanka to be on par with regional CDS in next 3 yrs: CDS head
May 13, 2015 (LBO) – Sri Lanka’s Central Depository System (CDS) is to be transformed into a developed depository equal with other depositories in the Asian region over the next three years, CDS chairman Vajira Kulatilaka said.Kulatilaka who is also the chairman of Colombo Stock Exchange said the CDS lagged behind in the past two […]