Author: lbostgadmin
Sri Lanka’s Commercial Bank to raise Rs7bn in debentures
Feb 18, 2016 (LBO) – Sri Lanka’s Commercial Bank said it was planning to raise as much as 7 billion rupees from the sale of debentures which will be quoted on the Colombo Stock Exchange. The bank said in stock exchange filing that it wanted to sell 50 million debentures of 100 rupees each. But […]
Sri Lanka, Germany sign agreements to enhance bilateral cooperation
Feb 18, 2016 (LBO) – Sri Lanka and Germany have agreed to strengthen bilateral relations between the two countries and promote development activities in Sri Lanka through German assistance. The two countries have signed agreements on a wide range of cooperation that covers Education, Language, Museaology, heritage and Art conservation, Higher Education, Sports. On behalf of […]
Sri Lankan climbers in Mt Everest expedition
Feb 18, 2016 (LBO) – Sri Lankan mountain climbers Jayanthi Kuru-Utumpala and Johann Peiris said Thursday they will launch an expedition to summit the world’s highest peak, Mt. Everest, this year. If successful, they will be the first Sri Lankans to do so. With over a decade of experience each, Kuru-Utumpala said they are confident […]
Perpetual Treasuries lead sponsor Investment Summit in Singapore
Feb 18, 2016 (LBO) – Sri Lankan primary dealer Perpetual Treasuries said it will be one of the lead sponsors of the Sri Lanka Investment Summit to be held in Singapore on March 15. This inaugural summit presented by FinanceAsia will be conducted with the objective of enhancing the image of Sri Lanka as a […]
Sri Lanka stocks close down 0.2-pct; Insufficient liquidity level
Feb 18, 2016 (LBO) – Sri Lankan stocks closed down at 0.19 percent with mixed investor sentiment and active trading in some banking sector stocks on earning expectations, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 11.93 points down at 6,208.89 down 0.19 percent. The S&P SL20 closed 21.47 points up at […]
‘s Orient Finance IPO backed by Janashakthi
Feb 18, 2016 (LBO) – Sri Lanka’s Orient Finance initial public offering was backed by Janashakthi Insurance given the trying market conditions for raising capital, a senior official said. “The biggest investor was the parent company (Janashakthi Insurance) because the way the restructuring went; during the amalgamation the parent had a cash out of their […]
PTL Watch: Yields dip slightly ahead of policy meeting
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One-fourth of Sri Lanka’s population will be over 60 by 2050: WB
Feb 18, 2016 (LBO) – Sri Lanka will witness dramatic impacts on aging and urbanization contrary to the demographics of most South Asian economies, the World Bank said in a recent report. By 2050, it is projected that more than 25 percent of the population will be over 60, up from 13.4 percent in 2015. […]
Lamudi Sri Lanka explores real estate market change in Colombo
When it comes to searching for real estate, Colombo is the most popular area in Sri Lanka for property-seekers. According to Lamudi Sri Lanka, more than 70 percent of website searches are for property in the country’s commercial capital. Property demand in Colombo has risen in recent years, with prices increasing simultaneously. Its property market […]
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Feb 18, 2016 (LBO) – Global growth will fail to pick up steam over the next two years as the slowdown in China, lower commodity prices and tighter financing conditions in some countries weigh on the economy, Moody’s Investors Service said in a quarterly report today. The downside risks to Moody’s forecasts for G20 GDP growth of […]
Awarding of compensation to families of deceased migrant workers
Thirty four families of deceased migrant workers in the Middle East were given compensation and salary dues by the Acting Minister of Foreign Affairs Dr. Harsha de Silva on 17th February 2016 at the Foreign Ministry. A total of Sri Lankan Rupees 57 million was awarded to the family members. This was the first awarding […]
Everjobs to expand job opportunities to smaller Sri Lanka towns
Feb 18, 2016 (LBO) – Everjobs, a Rocket Internet company subsidiary, wants to expand beyond Sri Lanka’s main cities this year and encourage more local firms and job seekers to opt for cost effective options. “The cost of online recruitment is only about 10 percent of the cost of an offline option,” the company said, […]