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Germany adds zest to Ceylinco Life’s ‘Family Savari 9’ promotion
Ceylinco Life has stimulated fresh interest in its ‘Family Savari’ mega promotion with the announcement today that five policyholders and their families will win an all-expenses-paid holiday in Germany as the grand prize of the 2016 edition of this annual extravaganza. The addition of an exciting and aspirational new destination each year has become a […]
Sri Lanka Freedom Party needs to restructure completely: President
Sep 02, 2015 (LBO) – Sri Lanka Freedom Party needs a complete restructuring in order to gain back power in the future, President Maithripala Sirisena said. “To win the next election and to form a government in the future, we need to give birth to a legitimate political child,” President Sirisena said. Speaking at the […]
Sri Lanka treasury bill yields up; 1-year up 20 bp at 7.17pct
Sep 02, 2015 (LBO) – Sri Lanka’s treasury yields were up at Wednesday’s auction with the 3-month yield up 26 basis points to 6.79 percent, data from the state debt office showed.The 6-month yield were up 20 basis points to 7.07 percent, and the 12-month yield also rose 20 basis points to 7.17 percent. The […]
Sri Lanka joins Budapest Convention on Cybercrime
Sep 02, 2015 (LBO) – Sri Lanka has become a fully fledged member of the Budapest Convention on Cybercrime from this month, Council of Europe Treaty Office said.Sri Lanka is the first country in South Asia, and only the second in Asia after Japan, to join this Convention. The country ratified the convention on 29 […]
Sri Lanka stocks close down 0.8-pct
Sep 02, 2015 (LBO) – Sri Lankan stocks closed down 0.80 percent on Wednesday for the third consecutive session with investors continuing to take profits, brokers said. The Colombo benchmark All Share Price Index closed down 58.36 points at 7,240.39 down 0.80 percent. S&P SL20 closed 26.05 points lower at 3,981.27 down 0.65 percent. “Investors […]
Sri Lanka Kalpitiya Beach Resort says new plan on track
Sep 02, 2015 (LBO) – Sri Lanka’s troubled Kalpitiya Beach Resort, a subsidiary of Citrus Leisure PLC which blamed the former government for not developing Kalpitiya to build their hotel from the money they raised through an Initial public offering says the new plan for the construction of a Ayurveda spa resort is on track. […]
Dialog CEO says data pricing structures require correction: OBG
(From the Oxford Business Group) ** Data pricing structures would require correction in the face of voice to data conversion and emergence of OTTs, Hans Wijayasuriya, Group CEO, Dialog Axiata, says ** Sri Lanka, August 2015: The transformation of the telecoms industry in Sri Lanka will come in the form of accelerated data growth, emergence […]
Google launches new mobile friendly logo
Sep 02, 2015 (LBO) – Google unveiled a new logo for its core search services smoothing out some of the features in the letters that make up the well-known colourful logo spelling out its name, the company said in a blog report. The revamped logo is “simple, uncluttered, colorful, friendly” and represented the best of […]
Sri Lanka accounting body urges govt to maintain & publish accounts
Sep 02, 2015 (LBO) – Sri Lanka’s Institute of Chartered Accountants, a professional accounting, body urged the government to maintain accounts and publish them, as the government is answerable to the public for how they use income.“Public sector is a very important area.We are making all endeavors for government to move in to accounting which […]
Global markets plunge on weak China factory data
Sept 02, 2015 (LBO) – Data from China suggesting a contraction in factory activity threw global markets into a selling frenzy Tuesday with the U.S. S&P 500 plunging 2.9 percent and the London FTSE falling 3.03 percent. This was after Shanghai closed 1.2 percent earlier in the day. Colombo stocks fell a smaller 0.11 percent […]
Ceylon Motor Traders set standards for vehicle deals in Sri Lanka
Sep 02, 2015 (LBO) – The Ceylon Motor Traders Association last week ceremonially launched their ethics code as a move to boost public credibility in the automobile industry. The ethics code includes 46 key proposals that are to be adhered to by 26 member firms of the association. The membership of the 95-year long association […]