Author: lbostgadmin
Sri Lanka stocks close down 0.04-pct: Banking losses
Oct 06, 2015 (LBO) – Sri Lankan stocks closed down 0.04 percent on Tuesday with losses in seen in Dialog Axaita and banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 3.13 points at 7,085.93 lower 0.0.04 percent. S&P SL20 closed 2.92 points lower at 3,827.31 down 0.08 percent. Turnover […]
PTL Watch: Moderate activity, local buying matches foreign selling in bonds
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The second annual ‘Chamber Cricket Championship 2015,’ organized by the Ceylon Chamber of Commerce will be held on the 10th October, 2015 at the Colombo Colts Cricket Club, with the participation of 36 teams. The six-a-side tournament, which was initially held during the year 2014 primarily aims to attract teams representing the local corporate sector. […]
Explain Vijitha Herath’s appointment to CC: Gammanpila
Oct 06, 2015 (LBO) – Parliamentarian Udaya Gammanpila has asked the President to explain the basis on which the JVP Parliamentarian Vijitha Herath was appointed to the Constitutional Council.As per the 19th amendment to the constitution, one Parliamentarian should be nominated by agreement of the majority of the Parliamentarians belonging to political parties, other than […]
Turkey keen on opportunities in Sri Lanka, Room for joint trade and investment
Oct 06, 2015 (LBO) – Sri Lanka and Turkey have scope to increase bilateral economic and trade relations with room for joint trade investments, says Tunca Ozcuhadar, the ambassador of Turkey said in a statement. “We would like to enhance our relations with Sri Lanka which is already excellent,” Ozcuhadar said. “Still, there is great […]
RBI Governor in Colombo say US hike delayed amid slow growth
Oct 06, 2015 (LBO) – The Reserve Bank of India Governor Raghuram Rajan says those who were betting on a September U.S. rate hike now see it delayed until March, amidst weaker economic data. The RBI governor was speaking at the 65th Anniversary Oration of the Central Bank of Sri Lanka in Colombo on Monday. […]
Trans-Pacific Partnership agreement reached following tough negotiations
Oct 06, 2015 (LBO) – The United States and 11 Pacific Rim countries inked a trade deal that cuts trade barriers marking the end of five years tense negotiations, foreign media reports said. The agreement reached on Monday defines the rules of the road for trade in the Asia-Pacific region. TPP will encourage trade between […]
Sri Lanka needs balanced approach to urbanization: Min. Ranawaka
Oct 06, 2015 (LBO) – Sri Lanka’s challenge is how to achieve a pace and pattern of urban development that is beneficial to people and how to make a balanced approach to urbanization, Minister Champika Ranawaka said. “Urbanization has both positive and negative impacts on society,” the Minister of Megapolis and Western Development said. “It […]
Empty lands to be taken for food production: President
Oct 05, 2015 (LBO) – Private and state owned lands which have not been cultivated will be used for food production in the future, President Maithripala Sirisena emphasized. President Sirisena stated that it is a shame to import food from foreign countries for consumption when there is an ability to produce every food within the […]
Sri Lanka stocks close down 0.23-pct: Two week low
Oct 05, 2015 (LBO) – Sri Lankan stocks closed down 0.23 percent on Monday with losses in tobacco and beverage stocks following the government increasing the excise duty on cigarettes and liquor with effect from Saturday (03), brokers said. The Colombo benchmark All Share Price Index closed down 16.48 points at 7,089.06 lower 0.23 percent. […]
PTL Watch: Little activity, selling in 6-yr and 13-yr bonds
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SriLankan flights on-time performance among top 16 airlines
Oct 05, 2015 (LBO) – SriLankan Airlines’s flights on-time performance in August has been ranked 16 out of 50 international airlines rated by a global flight data service. The Airline has recorded an on-time performance of 85.26 percent of its flights in August 2015 and not far off that of the 91.48 percent of first […]