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Lanka Sugar posts Rs.1 bn profit
(PRESS RELEASE) – The state owned entity Lanka Sugar, which previously reported heavy losses, has reported a profit of one billion rupees by third quarter of 2016 in comparison to the loss one billion rupees in 2015. Upto third quarter (3Q) of 2016, Lanka Sugar’s Pelwatte and Sevanagala facilities cultivated 13164 hectares of sugar canes (an […]
PTL Watch: Bond yields flat, some foreign selling
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London Stock Exchange Group opens new tech facility in Sri Lanka
Dec 06, 2016 (LBO) – London Stock Exchange Group (LSEG) yesterday announced the opening of its new state-of-the-art technology facility in Sri Lanka. Headquartered in the TRACE Expert City precinct of Colombo, the new technology hub was opened by the Prime Minister of Sri Lanka, Ranil Wickremesinghe and LSEG Chairman, Donald Brydon. A delegation including […]
Visitors to Sri Lanka up 16-pct in Nov 2016, 2 million target in sight
Dec 06, 2016 (LBO) – Tourist arrivals to Sri Lanka in November rose by 16 percent to 167,217 arrivals with Chinese and Western European markets continuing their growth momentum. In the first 11 months arrivals rose to 1.82 million, up by 14.7 percent, making two million mark for the year achievable. December is likely to be […]
Asia stocks bounce as risk appetite returns after Italy vote
HONG KONG, Dec 6 (Reuters) – Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy’s referendum was overdone, with robust U.S. economic data also helping sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.8 percent, its biggest daily rise […]
Sri Lanka *market update* ASPI close up 0.7-pct, T/over crosses Rs.1bn
December 05, 2016 The market closed today posting a turnover of LKR 1,023,118,342(USD 6.9mn) with the indexes moving up. ASPI closed at 6368.12 up 42.55 points (+0.67%) while the more liquid SP SL20 index closed at 3555.85 up 34.09 points (+0.97%). Crossings accounted for 21% of the turnover with three crossings in DFCC.N (LKR 168mn; […]
Harmful recommendations include in constitutional reform reports: MR
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PTL Watch: Bond yields flat, local investors on sidelines
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Virtusapolaris Colombo hosts second session of Sri Lanka robotics meetup
VirtusaPolaris Colombo hosted the second session of the Sri Lanka Robotics Meetup recently, where Dr. Lilantha Samaranayake, Senior Lecturer, Department of Electrical and Electronic Engineering, University of Peradeniya and Dr. Ruwan Gopura, Senior Lecturer, Department of Mechanical Engineering, University of Moratuwa delivered presentations on cutting edge robotics technologies. Dr. Lilantha presented on the topic “Affordable […]
Prime Ministers of New Zealand and Italy to resign
Dec 05, 2016 (LBO) – New Zealand Prime Minister John Key announced his resignation today backing his finance minister to take control saying it was the “right time” to leave politics. Key said he had no immediate future plans, but told media he would stay in Parliament long enough to avoid a by-election for his […]