Category:
Grain Elevators could grow revenue by 10.4 pct: SC Securities
July 29, 2015 (LBO) – Ceylon Grain Elevators PLC (GRAN.N), Sri Lanka’s largest operator in the poultry industry, could grow revenue by 10.4 percent and net profit by 12.2 percent annually in the next four years, according to a research report by SC Securities. Rising consumer demand due to revised public sector salaries and higher […]
Sri Lanka businesses urged to practice good governance : IFAC President
July 29, 2015 (LBO) – Sri Lanka’s business organization should practice good governance to build next level businesses and to support country to move ahead, Olivia Kirtley, president of the International Federation of Accountants said.“Sri Lanka is one of the fastest growing market in the South Asia region and economic outlook for Sri Lanka seems […]
South Asia to grow 7.3 pct in 2015: ADB
July 29, 2015 (LBO) – South Asia is expected to grow 7.3 percent in 2015, up slightly from 7.2 percent seen earlier, with a better-than-expected economic performance in Bangladesh balancing the earthquake-related slowdown in Nepal, a new ADB report says. “In 2016, growth for the sub region is expected to expand to 7.6 percent,” a […]
Sri Lanka’s Ceylon Tobacco 2Q net profit up 20.2 percent: Interim Report
July 29, 2015 (LBO) – Sri Lanka Ceylon Tobacco Company’s profit after tax up 20.2 percent to 3,019 million rupees in the quarter 30th June 2015 despite government excise and other taxes, interim report data showed. Ceylon Tobacco Company is engaged in the manufacture, marketing and export of cigarettes which is a subsidiary of British […]
Heritance Ahungalla and Heritance Kandalama adjudged top winners at the Culinary Awards
(News Release) Sri Lanka’s premier beach resort Heritance Ahungalla, emerged as the Most Outstanding Hotel Team in Sri Lanka for the third consecutive time after competing against 2500 participants from both international and domestic star-class city and resort hotels at the 16th Culinary Art Competition which concluded on Monday. Heritance Hotels dominated the competition with […]
JKL profit falls 20 pct in three months to June
July 28, 2015 (LBO) – Sri Lanka’s John Keells PLC (JKL.N), the tea and rubber broking unit of John Keells Holdings, announced a 20 percent drop in net profits in the first quarter, in provisional results released to the Colombo Stock Exchange. The company said profit after tax fell to 54.2 million rupees from 67.7 […]
Sri Lanka’s state, estate and private workers to get wage hikes: UPFA manifesto
July 28, 2015 (LBO) – Sri Lanka’s United Peoples Freedom Alliance in its manifesto launched earlier today said that it would increase the wages of the state, estate and private sector workers if elected in the August polls.The UPFA says they will increase the cost of living allowance of the state sector workers up to […]
Sri Lanka stocks close up 0.2-pct
July 27, 2015 (LBO) – Sri Lanka’s stocks closed up 0.19 percent on Tuesday, with index heavy stocks making gains, brokers said. The Colombo benchmark All Share Price Index closed 13.84 points higher at 7,261.07 up 0.19 percent. The S&P SL20 closed 19.33 points higher at 4,087.00 up 0.48 percent. Turnover was 1.09 billion rupees, […]
Sri Lanka’s Treasury bill yields up across maturities: Central Bank
July 28, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up across maturities at Tuesday’s auction with 12-month yield up 09 basis points to close at 6.48 percent, data from the state debt office showed. 3-month yields were up 03 basis points to close at 6.28 percent while 6-month Treasury bill yields were up […]
Google Loon project to cover Sri Lanka with 3G internet
July 28, 2015 (LBO) – Sri Lanka’s government and Google on Tuesday signed an agreement to cover the Island with 3G internet under ‘Google Loon project’.Sri Lanka is the first country in the world to have Internet access covering the whole country with the government support, Google Vice President and Project Leader on GoogleX Project […]
Chinese stocks continue slide following historic sell-off
July 28, 2015 (LBO) – China’s main stock index, Shanghai Composite continued its slide and fell by 4.3 percent to 3,567.38 points in early trade Tuesday, foreign media reports said. China has tried to calm investors by reassuring them it would implement prudent monetary policy to stabilise markets with the country’s central bank injecting 8.05 […]
Sri Lanka’s election law violations cross 500 incidents: PAFFREL
July 28, 2015 (LBO) – Sri Lanka’s election watchdog PAFFREL says the organization has received 492 complaints in relation to 511 electoral and general law violations by yesterday afternoon.Among them, 35 are related to acts of violence and 41 incidents of electoral and general law violations. As per the PAFFREL statistical report of election law […]