Author: lbostgadmin
Sri Lanka President suggests a minimum salary for private sector: Budget 2015
Oct 24, 2014 (LBO) – Sri Lanka president suggests to uplift the minimum salary of a private sector employee to 10,000 rupees from January 2015.He also suggest to increase minimum salary level by 500 rupees monthly for those who already get paid over 10,000 rupees per month. “The honorable speaker, I have seen the salaries […]
Sri Lanka Tourist Hotels Association elects Cooray as president
Oct 23, 2014 (LBO) – The Tourist Hotels Association of Sri Lanka (THASL) has elected as its president Hiran Cooray, Chairman of Jetwing Hotels, a tour operator with a chain of hotels that’s also promoting eco-tourism in a big way. Now we are playing and batting on a smooth wicket and it is wonderful to […]
Sri Lanka stocks close up 0.4-pct
Oct 23, 2014 (LBO) – Sri Lanka’s stocks closed higher with index heavy John Keells Holdings gaining amid net foreign buying ahead of the 2015 budget, brokers said. The Colombo benchmark All Share Price Index closed 28.35 points higher at 7,189.51, up 0.40 percent. The S&P SL20 closed 12.94 points higher at 3,991.59, up 0.33 […]
‘s Ceylon Chamber expects budget proposals to be in line with the development agenda of the government
Oct 23, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce expects the ‘National Budget of 2015’ will be in line with the development agenda of the government, the chamber said in a media release. The Media Release by Ceylon Chamber of Commerce The Ceylon Chamber of Commerce expects the proposals that will be presented […]
Money Transfer
Oct 23, 2014 (LBO) – Sri Lanka DFCC Vardhana Bank (DVB), a commercial bank launched Lanka Money Transfer (LMT) service, a remittance service which allows customers, both the sender and receiver to transfer money with ease, using the banks that they trust. The newly introduced service will allow customers to transfer money with ease and […]
’s economic development:Official
Oct 22, 2014 (LBO) – Sri Lanka’s private security companies are important stakeholders and an integral element in the ongoing nation building exercise, an official said in a media release. Aluwihare said that all stakeholders should forge together to uplift the image of the industry as a whole. By consciously synergizing our efforts, we create […]
New Phone
Oct 22, 2014 (LBO) – Micromax, a mobile handset company in India introduced a wide range of android smartphones to the local market targeting at lower spenders.œThe new smartphone range recently introduced to the local market is a valuable offering from Micromax in the budget Android segment, said Amit Mathur, Vice President,International Business of Micromax. […]
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Oct 21,2014 (LBO) – Sri Lanka Ceylon Chamber of Commerce plans to hold a post budget seminar to discuss the ‘National Budget of 2015’, which will be presented in Parliament on the 24thof October, 2014, chamber said in a media release. Top government officials, senior tax consultants and corporate executives have been lined up to […]
’’s growth
Oct 21, 2014 (LBO) – Sri Lanka’s Government urged to create a friendly regulatory framework to drive the growth of the small and medium enterprises in the island, chamber chief said. Tilt the policy framework in favor of SME’s, Suresh Shah, Chairman of the Ceylon Chamber of Commerce said. This is only fair since many […]
Sri Lanka to conduct a survey on loss properties and lands in Northern Province
Oct 21, 2014 (LBO) – Sri Lanka Ministry of Defence and Urban Development has taken steps to conduct a survey on people who have lost their properties and land in the Northern Province from 1980 due to terrorism, a media release said. The ministry says all Sri Lankan citizens who have lost their property and […]
Sri Lanka stocks close down 0.7-pct
Oct 21, 2014 (LBO) – Sri Lanka’s stocks closed 0.72 percent lower with banking stocks losing ground despite net foreign buying, brokers said. Commercial Bank of Ceylon closed 2.30 rupees lower at 158.60 rupees and Commercial Leasing and Finance closed 20 cents lower at 4.60 rupees, contributing most to the index drop. Ceylinco Insurance closed […]
‘s Jetwing Hotels to manage Bansei Royal Resorts
Oct 20, 2014 (LBO) – Sri Lanka’s Bansei Royal Resorts has entered into a new management agreement with Jetwing Hotels to manage the hotels operationally, the company said in a stock exchange filing. New agreement will come into force from December this year as the previous agreement with Amaya Leisure was terminated from 01st October […]