Category:
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 […]
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 […]
”
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 […]
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 […]
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 […]
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 […]
Conspiracy theories over evidence: A review of Power and Power (2014)
Sept 01, 2014 (LBO) I was among the throngs at the launch of a book by Minister Patali Ranawaka few weeks back. The auditorium was packed. There were pyrotechnics, metaphorical and otherwise, on stage. Buying a book required skills in the avoidance of pushing and shoving. Having barely sold 500 copies of a book in […]
‘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 stocks close up 0.6-pct
Aug 29, 2014 (LBO) – Sri Lanka’s stocks close 0.61 percent higher on Friday with beverage stocks gaining despite low foreign participation, brokers said. Ceylon Tobacco Company closed 16.20 rupees higher at 1,197.20 rupees and Nestle Lanka closed 48.00 rupees higher at 2,148.00 rupees, contributing most to the index gain. Lion Brewery Ceylon closed 26.70 […]
Online Solution
August 29, 2014 (LBO) – Sri Lanka is to launch an online support system focusing on the issues faced by the small and medium entrepreneurs in the island, Ministry of Industry and Commerce said in a media release. The tool will periodically present views and experiences of entrepreneurs and micro biz operating in formal and […]
Sri Lanka inflation decreased to 3.5-pct in August 2014
August 29, 2014 (LBO) – Sri Lanka’s consumer prices dropped 3.5 percent in the 12 months to August 2014, with inflation compared to 3.6 percent in July, official data showed.During the month the Colombo Consumer Price Index dropped 0.05 percent on top a 1.0 percent rise in July, the state statistics office said. Sri Lanka’s […]
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 […]