Author: lbostgadmin
Sri Lanka stocks close up 0.2-pct
Sep 04, 2014 (LBO) – Sri Lanka’s stocks close 0.19 percent higher with price gains in index heavy counters such as Nestle Lanka, Ceylon Tobacco Company and Commercial Bank amid strong foreign participation, brokers said. Foreign investors bought 951.70 million rupees worth shares while selling 546.46 million rupees worth shares. Nestle Lanka closed 24.90 rupees […]
Free Trade
September 03, 2014 (LBO) – Sri Lanka and China in talks to finalise a free-trade agreement which would bring substantial economic and trade benefits to the two countries, with both governments expressing hope that the deal will be implemented at an early date. Coverage of Goods For most of China’s FTAs partners, the agreements have […]
‘s Leasing and Finance to sell Rs3bn in debentures
September 03, 2014 (LBO) – Sri Lanka’s People’s Leasing and Finance said it will sell up to 3.0 billion rupees, listed debentures with subscriptions opening on September 15.About 30,000,000 senior unsecured redeemable rated debentures will be issued at a price of 100,000 rupees each, the announcement said. The bank said this in an announcement of […]
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September 02, 2014 (LBO) – Sri Lanka’s John Keells Holdings opened 243 – room , lean luxury ,business hotel Sri Lanka’s capital Colombo yesterday (Sept 01) with an investment about 3.5 billion rupees officials said. As much as Cinnamon Red signifies the creation of a new tier within the Cinnamon Hotels and Resort Brand, it […]
New Appointments
September 02, 2014 (LBO) – Sri Lanka’s Monetary Board has appointed four new assistant governors with effect for 28 August this year to address the emerging challenges of the economy, the bank said in a media release. D Wasantha, C P A Karunathilake, H A Karunaratne and S R Attygalle to the post of Assistant […]
Ratings
September 02, 2014 (LBO) – Fitch Ratings has assigned Sri Lanka-based National Savings Bank’s (NSB; BB-/Stable) proposed issue of US dollar-denominated notes an expected rating of ‘BB-(EXP)’, the rating agency said in a media release.RATING SENSITIVITIES>b/> Any change in Sri Lanka’s rating or to the perception of state support to NSB could result in a […]
Sri Lanka stocks close down 0.1-pct
Sep 02, 2014 (LBO) – Sri Lanka’s stocks close 0.09 percent lower with telco and diversified stocks losing ground amid continued low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.07 points lower at 7,024.82, down 0.09 percent. The S&P SL20 closed 2.89 points lower at 3,874.50, down 0.07 percent. Turnover […]
SriLankan Airlines celebrates 35th anniversary
September 01, 2014: SriLankan Airlines, the national carrier of Sri Lanka celebrates thirty-five years of flying, at the Airline Centre in Katunayake, today (Sep 1, 2014), the airline said in a media release. Founded in 1979, SriLankan has expanded its services to 89 destinations in 44 countries across the globe, operating around 260 weekly flights […]
Profit Gain
September 01, 2014 (LBO) – Sri Lanka’s Bank of Ceylon said profits before tax increased 20 percent to 8.6 billion rupees the first half of 2014 compared to 7.2 billion rupees in 2013. Deposits in foreign currency account for 26 percent with the remaining 74 percent in local currency. The total customer deposit base has […]
Sri Lanka stocks close lower
Sep 01, 2014 (LBO) – Sri Lanka’s stocks close lower Monday, reversing the gains of tobacco and beverage stocks amid low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 3.20 points lower at 7,030.89, down 0.05 percent. The S&P SL20 closed 4.88 points higher at 3,877.39, up 0.13 percent. Turnover was […]
‘s inflation at 4.5-pct in August 2014: Central Bank
August 30, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.5 per cent in August 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. Within the Non-food category, prices of items in […]
Sri Lanka and Seychelles is set to promote investments
August 29, 2014 (LBO) – Sri Lanka signed a Memorandum of Understanding with Seychelles in order to promote investment and business opportunities among the both countries. Through the MOU the two investment promotion agencies will share information to develop investments, Lakshman Yapa Abeywardane, Minister of Investment Promotion said. It will also build relationship between investors […]