Author: lbostgadmin
Sri Lanka Planters™ Association says sustainability of tea industry in the hands of workers
Oct 30, 2014 (LBO) – Sri Lanka planter association estimates increase of two kilograms in the daily plucking average of tea of each worker can bring down unit cost of production by 30 rupees or 6.5 percent and significantly boost Sri Lanka™s entire plantation industry and benefit all stakeholders by bringing down the skyrocketing unit […]
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 […]
Doing Business
Oct 29, 2014 (LBO) – Sri Lanka has slipped to 99 from 85 in a global ranking compiled by the World Bank group as several other nations raced ahead despite an improvement in the score between 2013 and 2014. The report further said Sri Lanka has made paying taxes more costly for companies by increasing […]
Sri Lanka stocks close up 0.5-pct
Oct 29, 2014 (LBO) – Sri Lanka’s stocks closed 0.54 percent higher with banking stocks gaining amid continued net foreign buying, brokers said. Lanka IOC closed 2.80 rupees higher at 51.80 rupees and Lanka Orix Leasing Company closed 2.80 rupees higher at 90.00 rupees, contributing most to the index gain. Hatton National Bank closed 4.00 […]
’’s national IFS rating downgraded: Fitch
Oct 28, 2014 (LBO) – Sri Lanka’s Fitch Ratings has downgraded the national insurer financial strength rating and national long term rating of Asian Alliance Insurance to ‘BBB(lka)’ from ‘BBB+(lka)’ placing both ratings on rating watch negative. Fitch Downgrades Asian Alliance Insurance’s National IFS Rating to ‘BBB(lka)’ Fitch Ratings-Hong Kong/Colombo/Singapore-27 October 2014: This commentary replaces […]
Sri Lanka to promote local milk production: Budget 2015
Oct 28, 2014 (LBO)-Sri Lanka to increase the guaranteed price of liquid milk to 60 rupees per liter in order to increase local milk production and popularize the local milk production. President Mahinda Rajapakse proposed this presenting the budget 2015, at the Parliament, Colombo. I now propose to increase the guaranteed price of liquid milk […]
Capital Gain
Oct 28, 2014 (LBO) – Sri Lanka’s Bank of Ceylon (BOC) to receive 10 billion rupees from budget 2015 in order to strengthen the capital of the bank. President Mahina Rajapaksa said this presenting the budget to the parliament last week. BOC’s profits before tax increased 20 percent to 8.6 billion rupees the first half […]
Sri Lanka stocks close higher
Oct 28, 2014 (LBO) – Sri Lanka’s stocks closed 0.08 percent higher with tobacco and beverage stocks gaining amid strong foreign buying into diversified holdings, brokers said. The Colombo benchmark All Share Price Index closed 6.04 points higher at 7,227.12, up 0.08 percent. The S&P SL20 closed 6.12 points lower at 4,008.10, down 0.15 percent. […]
Marina Study
Oct 27, 2014 (LBO) – Sri Lanka’s Colombo port city is to undergo a multidisciplinary marina study by Atkins, one of the world’s leading design, engineering and project management consultancies, a media release said. Atkins has been appointed by China Harbour Engineering Company to assess the opportunity of incorporating a marina into the proposed 2.5sqkm […]
Sri Lanka stocks close up 0.1-pct
Oct 27, 2014 (LBO) – Sri Lanka’s stocks closed 0.11 percent higher with index heavy John Keells Holdings contributing most to the index gain, brokers said. Foreign investors bought 374.85 million rupees worth shares while selling 377.37 million rupees worth shares. Dialog Axiata closed 20 cents higher at 12.20 rupees and John Keells Holdings closed […]
Sri Lanka to continue relaxing exchange controls: Deputy Governor
Oct 27, 2014 (LBO) – Sri Lanka will continue to liberalize exchange controls to encourage the investments that needed to maintain high economic growth and to link more with global business Central bank Deputy Governor P Samarasiri said.He said the exchange control activities started in Second World War to protect the foreign exchange earnings they […]
Sri Lanka Chamber welcomes budget 2015
Oct 27, 2014 (LBO) –Sri Lanka’s Ceylon Chamber of Commerce welcomes the ‘National Budget of 2015’ which is presented to the parliament last week, the chamber said in a media release. The Media Release by Ceylon Chamber of Commerce The Ceylon Chamber of Commerce welcomes the commitment to continued fiscal consolidation in the Budget 2015, […]