Author: lbostgadmin
Sri Lanka stocks close up 0.2-pct: Blue chip gains
Nov 05, 2015 (LBO) – Sri Lankan stocks closed up at 0.20 percent on Thursday following a policy statement by the Prime Minister in the afternoon with gains in blue chip stocks, brokers said. The Colombo benchmark All Share Price Index closed up 13.82 points at 7,017.39 higher 0.20 percent. S&P SL20 closed 8.18 points […]
PTL Watch: Yields drop on mid to long tenor bonds
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Public investment in bus, railway a priority before monorail, says transport experts
Nov 05, 2015 (LBO) – From an economic standpoint, Sri Lanka should first develop its bus and railway transportation before spending public money on more expensive monorail, transport sector experts said at the LBR LBO Infrastructure Summit. A Japanese transportation master plan for Colombo, upgraded and approved by University of Moratuwa, envisaged three alternatives for […]
Sri Lanka’s Sampath Bank to raise Rs7bn from listed debenture
Nov 04, 2015 (LBO) – Sri Lanka’s Sampath Bank is to raise 7.0 billion rupees from a listed debenture issue, the bank said in a stock exchange filing. The bank has decided to issue 50 million debentures at 100 rupees each with an option, to issue up to a further 20 million debentures in the event of […]
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Minister of Plantation Industries Honorable Navin Dissanayake visited the Colombo Tea Auction on Wednesday, as the world’s largest single origin tea auction saw more activity as the global tea prices have started to recover, after a recent slump experienced. Minister Dissanayake, who was accompanied by the Sri Lanka Tea Board Chairman Mr.Rohan Pethiyagoda and the […]
The Asian Banker names BOC as strongest bank in Sri Lanka 2015
Sri Lanka’s No.1 Bank, the Bank of Ceylon was named as the only “Strongest Bank” in Sri Lanka for the year 2015 by the Asian Banker, in an independent research carried by the region’s most authoritative provider of strategic business intelligence to the financial services community. The announcement was made at a ceremony held […]
Sri Lanka’s Treasury bill yields drop across maturities
Nov 04, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down across maturities on Wednesday’s auction with the 3-month yield dropping 17 basis points to close at 6.44 percent, data from the state debt office showed.6-month yield was down by 12 basis points to close at 6.87 percent while the 12-month yield was down […]
Sri Lanka Chevron lubricants unit profits up 11 pct
Nov 04, 2015 (LBO) – Sri Lanka’s Chevron Lubricants Lanka Plc said profits in the September quarter rose 11 percent to 834 million rupees from a year earlier despite the shrinking of oil prices locally and globally.Chevron Lubricants Lanka PLC carries on the business of importing, blending, distributing and marketing of lubricant oils and greases. […]
Sri Lanka stocks close higher 0.05-pct: Lack of policy direction
Nov 04, 2015 (LBO) – Sri Lankan stocks closed 0.05 percent higher on Wednesday following four consecutive days of losses with continued low investor interest and volumes traded, brokers said. The Colombo benchmark All Share Price Index closed higher 3.16 points at 7,003.57 up 0.05 percent. S&P SL20 closed 2.13 points lower at 3,784.61 lower 0.06 […]
Ravi K launches Fairway Holdings latest project
Fairway Holdings, a name synonymous with quality luxury apartment developments, launched their sixth large scale apartment project, in Koswatta, Battaramulla on Sunday 1st November. An ‘Open Day’ was held on this day for all prospective homeowners to meet the Fairway team at the site and discuss their requirements.The project is situated in close proximity to […]