Author: lbostgadmin
Greece and creditors agree on new euro bailout deal
Aug 11, 2015 (LBO) – Greece and its international creditors have agreed on a new multi-billion euro bailout deal, Tuesday following continued talks, foreign media reports said. “Greece and its international lenders were locked in talks overnight to seal a multibillion-euro bailout deal, racing against a countdown to European Central Bank (ECB) debt repayments falling […]
Google to become a subsidiary of Alphabet under major restructuring plan
Aug 11, 2015 (LBO) – Google is to restructure their operations making it cleaner and more accountable for the company, its co-founder and CEO Larry Page said in a blog post. The company is creating a new company, called ‘Alphabet’ which is mostly a collection of companies; the largest of which is Google. Today’s news […]
Sri Lanka’s ex-President Rajapaksa ready to catch few to form a new government
Aug 11, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapaksa said there are people in other political parties to support them in the event of a shortage to form a new government. “I’m quite confident of getting 117 seats, but if it is less than 113 seats, there are people in other political parties […]
Sri Lanka Red Cross clarifies loaning a “Defender” to Siriliya foundation
Aug 11, 2015 (LBO) – Sri Lanka Red Cross Society says it is unaware of the activities and maintenance of the Land Rover Defender that was loaned to Siriliya Saviya Foundation following an official request.The vehicle is now in the possession of the Criminal Investigation Department probing the murder of rugby star Wasim Thajudeen, the […]
Sri Lanka’s Hayleys Q1 profits up 42 pct to Rs522mn
Aug 11, 2015 (LBO) – Profits at Sri Lanka’s diversified Hayleys group rose 42.5 percent to 522 million rupees in the June 2015 quarter, interim accounts showed. The firm reported earnings of 6.97 rupees for the quarter 2015 compared to the last year earnings of 4.89 rupees on profits of 366 million rupees.The group revenue […]
Aitken Spence net down 44-pct amid energy sector losses and downturn in Maldives
Aug 10, 2015 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation, said profits in the June 2015 quarter dropped 44 percent to 420 million rupees from a year earlier. The group reported earnings of 1.04 rupees per share for the quarter, against the 1.84 rupees recorded in […]
Australian High Commissioner calls on the Chief of Defence Staff
(Press Release) – Australian High Commissioner HE Robyn Mudie and Defence Adviser Captain Jason Sears recently called on the Chief of Defence Staff, Air Chief Marshal Kolitha Gunatilleke, and the Commander of the Sri Lanka Navy, Vice Admiral Ravindra Wijegunaratne, to congratulate the officers on their recent appointments. The meetings were also useful opportunities to […]
Finance Minister visits Fort Manning Market
Finance Minister Ravi Karunanayake today (10) visited Fort Manning Market…
SLSBC concludes Trade and Investment Promotion Mission to Singapore
(CCC Press Release) – The Sri Lanka- Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce successfully concluded a business mission to Singapore from 29th– 1st August 2015. The mission was organized to coincide with the SBF Seminar on Doing Businessin Sri Lanka followed by One-to-One Business Meetings which was organized by the Singapore […]
Sri Lanka stocks close higher 0.10-pct
Aug 10, 2015 (LBO) – Sri Lanka’s stocks closed higher 0.10 percent on Monday, with gains in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed 7.34 points higher at 7,377.94 up 0.10 percent. The S&P SL20 closed 7.14 points higher at 4,104.36 up 0.17 percent. Turnover was 1.3 billion […]
Sri Lanka’s Balangdoa Plantations reports Rs75mn loss
Aug 10, 2015 (LBO) – Sri Lanka’s Balangoda Plantations, a unit of listed Distilleries Corporation, made a loss of 75 million rupees in the quarter to June, compared with the 57 million rupee profit made in the same quarter in 2014, hit by global price falls in rubber and tea, interim accounts showed. The firm […]
Microsoft enters Google territory with launch of new translator app
Aug 10, 2015 (LBO) – Microsoft has entered Google territory with the launch of its new translation application supporting phones and tablets as well as the Apple watch and smart watches that run on Android wear, a foreign media report said.“With the new app, Microsoft is entering into Google territory, which has long offered translation […]