Author: lbostgadmin
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 […]
Sri Lanka launches shopping festival to attract customer traffic into retail areas
Nov 04, 2014 (LBO) – Sri Lanka launched a Sri Lanka shopping festival or SLASH recently with an aim to increase customer traffic into retail areas multi-fold and attract hundreds of thousands of additional shoppers across multiple locations to create additional businesses for retailers organizers said in a media release. Organizers also plan to immense […]
Sri Lanka stocks close down 0.44-pct
Nov 04, 2014 (LBO) – Sri Lanka’s stocks closed lower with diversified, beverages and telco stocks losing ground amid strong foreign selling, brokers said. JKH’s W0022 warrants closed 30 cents lower at 73.20 rupees and its W0023 warrants closed flat at 78.50 rupees. Distilleries closed 3.50 rupees lower at 210.00 rupees and Nestle Lanka closed […]
ICC to crown the greatest world cup moment of all time
Nov 04, 2014 (LBO) – The International Cricket Council is to identify the greatest ICC cricket world cup moments of all time through a voting to open on Thursday, the council said in a media release. Over the course of the 100 days leading up to ICC cricket world cup 2015, the ICC will release […]
Profit Gain
Oct 04, 2014 (LBO) –Sri Lanka Seylan Bank, a private bank recorded a Profit before Tax of 3,490 million for the nine months ended 30th September 2014, the bank said in a media release. Profits after Tax reached a record of 2,253 million rupees a 47 percent increase compared to the 1,536 million rupees reported […]
Sri Lanka Central bank says inflation declines considerably in October
Nov 03, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 1.6 per cent in October 2014 compared to 4.7 per cent in July 2014, on an annual average basis the Central bank of Sri Lanka said in a media release. Prices in Clothing and Footwear; Health; Recreation and […]
Sri Lanka makes further progress on financial sector consolidation: Central Bank
Nov 03, 2014 (LBO) – Sri Lanka Central Bank says that further progress was made by banks and finance and leasing companies (NBFIs) on the financial sector consolidation process, during the month of October this year. During the month of October 2014, Central Finance Co. PLC & Isuru Leasing Co.Ltd. and Arpico Finance Co. PLC […]
Sri Lanka stocks close up 0.36-pct
Nov 03, 2014 (LBO) – Sri Lanka’s stocks closed 0.36 percent higher with Commercial Bank gaining amid net foreign buying, brokers said. Foreign investors bought 604.96 million rupees worth shares while selling 127.54 million rupees worth shares. Commercial Bank of Ceylon closed 3.80 rupees higher at 169.60 rupees, contributing most to the index gain. The […]
SriLankan Airlines gets a new version of Airbus A330
Oct 31, 2014 (LBO) – SriLankan Airlines, the national carrier has taken delivery of Airbus A330 -300 aircraft as it continues to expand its global route network with more fuel-efficient and maintenance cost friendly models from Airbus. This delivery launches the process of the fleet renewal and replacement program and affords us the opportunity to […]
Sri Lanka stocks close up 0.4-pct
Oct 31, 2014 (LBO) – Sri Lanka’s stocks closed 0.44 percent higher with Commercial Bank and John Keells Holdings gaining amid strong foreign buying, brokers said. Commercial Bank of Ceylon closed 3.80 rupees higher at 165.80 rupees and John Keells Holdings closed 2.20 rupees higher at 257.20 rupees, contributing most to the index gain. DFCC […]
Sri Lanka stocks close up 0.4-pct
Oct 30, 2014 (LBO) – Sri Lanka’s stocks closed 0.39 percent higher with index heavy John Keells Holdings gaining amid continued foreign buying, brokers said. John Keells Holdings closed 5.20 rupees higher at 255.00 rupees, contributing most to the index gain. JKH’s W0022 warrants closed 60 cents higher at 74.50 rupees and its W0023 warrants […]
Haldummulla Disaster
Oct 29, 2014 (LBO) – A Landslide destroyed a plantation in Haldummulla, Central Sri Lanka on Wednesday (29) morning and have killed at least 100 people and leaving more than 150 trapped, a media report said. An about 330 people had been living at the location at the time of the tragedy. The mobilized armed […]