Category:
’s ruling party wins Provincial Council Election
Sep 22, 2014 (LBO) – Sri Lanka’s United Peoples Freedom Alliance, the ruling party in the island won the Uva Provincial Council Election with 19 seats while UNP, the main opposition secured 13 seats, data of Department of Election showed. Harin Fernando, UNP’s Uva Provincial Council candidate topped the preferential votes securing 173,993 votes and […]
Sri Lanka Central Bank Governor to hold a live twitter Q n A session
Sep 22, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal is to answer question from public on 24th Wednesday 2014 via twitter, a social network, a statement said.The live Q n A session will start at 10 am to 11 am (SL time) via twitter account of #askcbsl.
Sri Lanka stocks close up 0.4-pct
Sep 19, 2014 (LBO) – Sri Lanka’s indices closed in the positive territory with the price gains witnessed in diversified stocks amid strong foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 28.02 points higher at 7,234.92, up 0.39 percent. The S&P SL20 closed 29.38 points higher at 4,018.98, up 0.74 percent. […]
Sri Lanka to push medical tourism
September 19, 2014 (LBO) – Sri Lanka to push medical tourism in order to support the 20 billion dollars export target in year 2020 an official of Export Development Board said. EDB, which strongly believes in private public partnership approach, has decided to make the first ever national initiative to rally the healthcare providers as […]
Sri Lanka to establish a human heart valve bank
September 19, 2014 (LBO) – Sri Lanka cabinet has given approval to establish a Human Heart Valve bank at a cost of 30 million rupees to provide cardiac valves and tissues necessary for valve replacement and repair of some of the congenital and acquired heart diseases. The proposal was submitted to the cabinet by Maithripala […]
Sri Lanka stocks close up 0.4-pct
Sep 18, 2014 (LBO) – Sri Lanka’s stocks closed 0.39 percent higher with tobacco and beverage stocks gaining amid strong foreign participation, brokers said. First Capital Holdings closed 4.10 rupees higher at 42.80 rupees, attracting most number of trades during the day. Foreign investors bought 995.22 million rupees worth shares while selling 966.21 million rupees […]
Ratings
September 18, 2014 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Citibank Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka) with a stable outlook , the rating agency osaid in a statement. The full statement is reproduced below:- KEY RATING DRIVERS CitiSL’s rating is the highest on the National Rating scale and reflects the credit […]
’s New Economic Dynamism
September 18, 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. China is the second largest economy in the world has reached a […]
Sri Lanka Treasuries edge lower
Sep 17, 2014 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities at Wednesday’s auction with the 6-month yield falling 4 basis points to 6.23 percent, data from the state debt office showed. The 3-month yield fell 3 basis points to 6.15 percent and the 12-month yield also dropped 3 basis points to 6.26 percent. […]
Sri Lanka stocks close higher
Sep 17, 2014 (LBO) – Sri Lanka’s stocks closed higher Wednesday amid strong foreign buying, brokers said. Lion Brewery Ceylon closed 19.70 rupees higher at 635.00 rupees and Sri Lanka Telecom closed 80 cents higher at 53.90 rupees, contributing most to the index gain. Chevron Lubricants Lanka closed 10.00 rupees higher at 341.40 rupees and […]