Author: lbostgadmin
Sri Lanka stocks close down 0.13-pct
Oct 09, 2014 (LBO) – Sri Lanka’s stocks closed lower with tobacco and diversified stocks losing ground amid thin foreign participation, brokers said. Ceylon Tobacco Company closed 9.90 rupees lower at 1,150.10 rupees and John Keells Holdings closed 1.10 rupees lower at 252.00 rupees, contributing most to the index drop. JKH’s W0022 warrants closed 60 […]
Sri Lanka external trade expands in August
Oct 09, 2014 (LBO) – Sri Lanka’s exports rose 7.9 percent, to 991.3 million US dollars in August 2014 from a year earlier with 85.6 percent contribution of apparel exports, official data showed. Apparel exports grew 17.0 percent to 428.6 million US dollars in August 2014, the Central Bank said. Exports of machinery and mechanical […]
Strongest Bank
Oct 07,2014 (LBO)- The Commercial Bank of Ceylon being adjudged ˜The Strongest Bank in Sri Lanka in 2014’ by The Asian Banker, a leading provider of strategic intelligence on the financial services industry, the bank said in a media release. The key performance indicators assessed by the panel of international experts are the components of […]
Sri Lanka stocks close down 0.14-pct
Oct 07, 2014 (LBO) – Sri Lanka’s stocks closed with losses due to negative price movements in index heavy John Keells Holdings, brokers said. The Colombo benchmark All Share Price Index closed 10.59 points lower at 7,396.01, down 0.14 percent. The S&P SL20 closed 9.67 points lower at 4,150.64, down 0.23 percent. Turnover was 1.74 […]
Sri Lanka Central Bank Governor answers question from public
Oct 03, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal held a question and answer from public on 24th September, 2014 via twitter, a social network. The live Q n A session took place via twitter account of #askcbsl at 10 am to 11 am (SL time). Media Release by Central Bank of […]
Sri Lanka tourist arrivals up 16.8 -pct in September
Oct 06, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 16.8 percent to 105,535 in September 2014 from a year earlier, driven by India and China, data from the state tourism promotion office showed. Western European visitors are strong in the northern hemisphere winter season and when Sri Lanka’s Western coast is sunny and calm […]
Sri Lanka fund manager hopes to target wider base
Oct 04, 2011 (LBO) – A newly-licensed start up fund manager says it is expecting to bring in potential investors who lack the knowledge and experience of English speaking Colombo-based investors to enter equity markets, officials said.Dhammika Herath, chairman of First Class International Funds, says the Securities and Exchange Commission licensed the firm as a […]
LBR LBO Enterprise Summit 2013 – “Building Future Ready Enterprises” – Friday 4 & Saturday 5 October 2013
Topic: Future Ready Enterprises Date/Time: Friday 4 & Saturday 5 October 2013 | 0845 – 1750 HRS Venue: Oak Room, Cinnamon Grand Host: Lakshaman Bandaranayake | Founding Publisher, Director | Lanka Business Online Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 General | summit@lbo.lk Registration fee: Rs 12,900/= per participant, 5% discount […]
Sri Lanka stocks close up 0.8-pct
Oct 03, 2014 (LBO) – Sri Lanka’s stocks closed 0.76 percent higher with banking stocks gaining amid continued strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 55.55 points higher at 7,406.60, up 0.76 percent. The S&P SL20 closed 52.95 points higher at 4,160.31, up 1.29 percent. Turnover was 4.39 billion […]
Sri Lanka invited to invest and set up businesses in Malaysia
Oct 02, 2014 (LBO) – Sri Lanka has been invited to invest and set up firms in Malaysia by the Malaysian Investment Development Authority, the investment promotion agency of Malaysia, Ceylon Chamber of Commerce said in a media release. This invitation was made by the official of Malaysian Investment Development Authority (MIDA), when they met […]
‘s inflation at 4.2-pct in September 2014: Central Bank
Oct 01, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.2 per cent in September 2014 from to 4.5 per cent in August 2014, on an annual average basis the Central bank of Sri Lanka said in a media release. The data is based on the change in […]
Expressing Gratitude and Expecting Gratitude: To What Extent such is Deserving?
Oct 01, 2014 (LBO) – Recognising a help and expressing gratitude for it is a worthy human gesture. This applies to groups, societies, or even countries. Non recognition of a helping hand given is considered unkind and disgraceful. Worse is when parties unrelated are praised when the true helper is elsewhere unrecognised. In Sinhalese tradition, […]