Author: lbostgadmin
‘s anti-corruption efforts are not rhetorical: Harsha De Silva
Nov 04, 2015 (LBO) – Sri Lanka’s new administration has already taken a host of measures to prevent corruption, to seek out stolen assets and to build the capacity for effectively curbing corruption and bribery, in an effective, comprehensive, result-oriented manner, the deputy minister of foreign affairs said. “Transparency, accountability and the rule of law […]
PTL Watch: More buying in bonds, CB holding of govt secs drop
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Sri Lanka’s JKH’s net up 31 pct in September quarter
Nov 04, 2015 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings profits rose 31 percent to 3.47 billion rupees in the September 2015 quarter from a year earlier, with revenues up by five percent to 22.68 billion rupees, the interim accounts showed.The firm reported basic earnings of 3.05 rupees per share for the quarter […]
Sri Lanka needs a tax intelligence unit to adapt to economy: Treasury Secy
Nov 04, 2015 (LBO) – Sri Lanka needs to establish a tax intelligence unit to identify economic changes and developments taking place and adapt these changes into the tax structure of the country, Treasury Secretary R H S Samaratunga told a forum. “What lacks in Sri Lanka’s tax system is recognizing economic changes that take place […]
‘s arrivals up 8.8-pct in Oct
Nov 04, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 8.8 percent to 132,280 in October 2015 from an year earlier with continued growth in the Indian and Chinese markets.Arrivals in the first 10 months of the year were up 17.9 percent to 1.448 million, data from the state tourism authority showed.Indian tourists were up […]
Tea Smallholder Factories profit drops in Sept quarter
Nov 03, 2015 (LBO) – Sri Lanka’s Tea Smallholder Factories’ made a quarter net loss of 13 million rupees down from 3.4 million rupees profit in the same quarter last year, according to interim results sent to the Colombo Stock Exchange. The company, in which conglomerate John Keells Holdings and tea exporter Akbar Brothers have […]
Sri Lanka stocks close down 0.4-pct: Turnover 14 week low
Nov 03, 2015 (LBO) – Sri Lankan stocks closed down at 0.41 percent on Tuesday for a fourth consecutive day with turnover reaching a 14 week low on lack of direction, brokers said. The Colombo benchmark All Share Price Index closed down 28.66 points at 7,000.41 lower 0.41 percent. S&P SL20 closed 8.76 points lower […]
Earn FlySmiLes miles on SriLankan Holidays
SriLankan Airlines’ FlySmiLes frequent flyer members can now earn and redeem miles on SriLankan Holiday packages in and out of Sri Lanka.While FlySmiLes members are able to earn miles when purchasing holiday packages, allowing them to earn more miles than what they accrue on their flights, non-FlySmiLes members too can enroll themselves on-line before purchasing […]
Fitch rates DFCC Bank debenture issue at AA-(lka)( EXP)
Fitch Ratings has today assigned DFCC Bank PLC’s (DFCC; AA-(lka)/Stable) proposed senior unsecured debentures of up to LKR10bn an expected National Long-Term Rating of ‘AA-(lka)(EXP)’. The proposed debentures, which will have tenors of four and six years and carry fixed and floating coupons, will be listed on the Colombo Stock Exchange. DFCC expects to use […]
China, India and Hong Kong top investors in Sri Lankan real estate: Lamudi
China, India and Hong Kong are the top three countries currently investing in the Sri Lankan real estate market, according to new research from online real estate platform, Lamudi Sri Lanka.Lamudi Sri Lanka ranked the leading countries investing in Sri Lanka based on foreign direct investment (FDI), number of upcoming projects and buildings currently underway.With […]
PTL Watch: Long tenor maturities drop 40 basis points
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Sri Lanka Telecom opens trading at CSE
Sri Lanka Telecom PLC (SLTL) opened trading on the Colombo Stock Exchange (CSE) yesterday (November 2). This event was yet another in a series of Market Opening Ceremonies, featuring the companies from the S&P SL20 index. Chairman Mr. P.G. Kumarasinghe Sirisena, Group Chief Executive Officer Mr. Dileepa Wijedsundera, Chief Marketing Officer Mr. Ajantha Seneviratne, Chief […]