Author: lbostgadmin
Sri Lanka Treasuries yield unchanged
Nov 12, 2014 (LBO) – Sri Lanka’s 6-month and 12-month Treasuries yields were flat at Wednesday’s auction without issuing any bills for the 3-month, data from the state debt office showed. The debt office which is part of the island’s central bank said 6-month Treasuries yield unchanged at 5.84 percent and 12-month Treasuries yield unchanged […]
Sri Lanka stocks close up 0.8-pct
Nov 12, 2014 (LBO) – Sri Lanka’s stocks closed higher with the price gains of Access Engineering and People’s Leasing and Finance amid foreigners remained active closing as net buyers, brokers said. Foreign investors bought 584.82 million rupees worth shares while selling 397.45 million rupees worth shares. Access Engineering closed 2.30 rupees higher at 36.80 […]
Sri Lanka need not worry about ornamental fish Red List: Ministry
Nov 11, 2014 (LBO) – Sri Lanka who fishes for a bigger bite of the world ornamental fish market, with targets set for one billion bills by 2020, do not need to worry about the Red List, the Ministry of Industry and Commerce said. The Red List is an international classification of the world’s threatened […]
‘s Stat Dept
Nov 11, 2014 (LBO) – Sri Lanka will see a new inflation basket stating from next year eliminating the Colombo Consumers Price Index (CCPI), a top official at the country’s statistics office told LBO in an interview. We are going to change the inflation basket next year and introduce a national index covering all the […]
Sri Lanka launches floating restaurant at Wetland Park
Nov 11, 2014 (LBO) – Sri Lanka launched a new floating restaurant at the Wetland Park in Nawala, Colombo yesterday, a media report said.The Urban Wetland Park popularly known as ‘Weli Park’ completed under the Colombo Development Programme was aimed at flood retention and control while providing a people friendly setting for the general public […]
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Nov 11, 2014 (LBO)- Fitch Ratings Lanka has assigned Sampath Bank PLC’s proposed subordinated debentures of up to seven billion rupees an expected National Long-Term Rating of ‘A+(lka)(EXP)’, the rating agency said in a media statement. The debentures, which will have tenors of five years and carry fixed coupons, will be listed on the Colombo […]
Sri Lanka stocks close higher
Nov 11, 2014 (LBO) – Sri Lanka’s stocks closed with mixed results amid foreigners remained active closing as net buyers, brokers said. The Colombo benchmark All Share Price Index closed 9.34 points higher at 7,412.72, up 0.13 percent. The S&P SL20 closed 0.87 points lower at 4,120.00, down 0.02 percent. Turnover was 1.64 billion rupees, […]
Sri Lanka signs up first tranche of US$100mn to upgrade roads
Nov 07, 2014 (LBO) – The Asian Development Bank (ADB) signed first tranche loan agreement with the Sri Lanka government to lend 800 million dollars to upgrade roads. The first tranche in an amount of 100 million US dollars with the 18 million US dollars of government’s investment will finance the first slice of the […]
Sri Lanka external trade expands in September: Central Bank
Nov 07, 2014 (LBO) – Sri Lanka’s exports rose 0.5 percent, to 903 million US dollars in September 2014 from a year earlier with largest contribution from textiles and garments followed by coconut and printing industry products, official data showed. In September worker remittances (exports of labour) rose 3.1 percent to 575 million US dollars, […]
Sri Lanka stocks close up 0.8-pct
Nov 07, 2014 (LBO) – Sri Lanka’s stocks closed 0.78 percent higher with tobacco and diversified stocks gaining amid strong foreign purchases, brokers said. Ceylon Tobacco Company closed 19.80 rupees higher at 1,150.00 rupees and John Keells Holdings closed 3.00 rupees higher at 258.00 rupees, contributing most to the index gain. JKH’s W0022 warrants closed […]
Sri Lanka tourist arrivals up 13.6 -pct in October 2014
Nov 07, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 13.6 percent to 121,576 in October 2014 from a year earlier, driven by India, UK and China data from the state tourism promotion office showed. Visitors from Western Europe were up 10.1 percent 32,061 in the month with UK up 2.7 percent and Germany up […]
Sri Lanka Browns Hotels & Resorts ties up with Starwood Hotels & Resorts
Nov 05, 2014 (LBO)-Sri Lanka’s Browns Hotel and Resorts private limited, a fully owned subsidiary of Browns Investments Plc recently signed a definitive agreements with Starwood Hotels & Resorts which will give Starwood the management rights to five-star Sheraton Kosgoda Turtle Beach Resort, owned by Browns Hotels and Resorts. The 172 room hotel is set […]