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Opinion: Sampur Coal vs LNG – backward looking policy on display
By Lancelot The Sampur power plant has been a topic of much contention over the last few years. Now there is a school of thought that the plant should be fueled by LNG, as opposed to Coal. Many analysts, and also top level corporate titans, see this as a problem as the project timeline will […]
Sri Lanka’s Amana Takaful Life to list on Thursday
Aug 16, 2016 (LBO) – The shares of Amana Takaful Life Limited will be listed on the Colombo Stock Exchange on Thursday, the company said in a stock exchange filing. Accordingly, 50 million shares would be listed on the Diri Savi Board of the CSE and will be classified under Banks, Finance and Insurance sector. […]
Lamudi’s second real estate expo in Sri Lanka next month
Real estate portal Lamudi Lanka announces the dawn of its second Real Estate Expo next month. A range of presenters and exhibitors will showcase Sri Lanka’s best property and home services to buyers, sellers, renters and investors. The Expo will take place on the 23rd and 24th of September at the North Lawn, Taj Samudra […]
GAAM: Foreign inflow of Rs535 Mln for the week
The Guardian Acuity Asset Management weekly can be downloaded here [pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/08/Weekly-Report-GAAM-13-08-161.pdf” title=”Weekly Report GAAM 13 08 16(1)”]
Sri Lankan rupee trades steady; state bank buying offsets exporter dollar sales
COLOMBO, Aug 16 (Reuters) – The Sri Lankan rupee was steady on Tuesday as dollar sales by exporters were offset by demand for the U.S. currency by banks, dealers said. The spot rupee was at 145.50/55 per dollar at 0607 GMT, same as Monday’s close. “The exporter (dollar) sales are there. But rupee is steady […]
Education Minister visits S Korea to strengthen cooperation
Minister of Education of Sri Lanka Akila Viraj Kariyawasam met with Korean Deputy Prime Minister and Minister of Education Lee Joon Sik, and the President of the Korea International Cooperation Agency (KOICA) In Shik Kim, on 21 and 22 July 2016 in Seoul. Discussions focused on Korea’s continuing cooperation in the fields of ICT development […]
Sri Lanka’s LOLC June net up 26-pct amid growing incomes
Aug 16, 2016 (LBO) – Sri Lanka’s LOLC group, which has interests in financial services, insurance, plantations, trading and leisure, said net profit for the June quarter rose 26 percent to 2.3 billion rupees. The group reported basic earnings of 4.92 rupees per share for the quarter up from 3.89 from a year earlier, on […]
‘s official tour of China (VIDEO)
Prime Minister Ranil Wickremesinghe commenced his 05 day official visit to China on 13th and will tour the South West of China until the 17th August 2016. The Prime Miniser visited a number institutions that cater to development such as Industrial Zones, Cargo Terminal, Technical Areas, Financial Centres as well creative design agencies.
Sri Lanka vehicle registrations fall further in July: JB Securities
Aug 16, 2016 (LBO) – Sri Lanka vehicle registrations in July fell in almost every category compared with June, JB Securities said in a research note. Buses and heavy truck registrations however showed an increase over the previous month. Motor car registrations in the July were 2,489 units, down from 3,026 units the previous month, […]
China to set up canned fish, gem and jewelry firms in Hambantota
Aug 16, 2016 (LBO) – Chinese firms have shown keen interest in setting up tinned fish, and gem and jewellery enterprises in a proposed special industrial zone close to Sri Lanka’s Hambantota port. “A Sri Lankan delegation led by Prime Minister Ranil Wickremesinghe has held talks with China’s Chongqing Foreign Trade and Economic Cooperation Company […]
Sri Lanka Telecom profit down 38-pct in June quarter
Aug 16, 2016 (LBO) – Sri Lanka Telecom, the island’s largest telcos profits fell 38 percent to 1.09 billion rupees in the June 2016 quarter from an year earlier. The company’s interim accounts showed that the group reported earnings of 0.61 rupees per share for the quarter while in the six months to June earnings […]
Asian shares hits 1-year high, oil supported
TOKYO, Aug 16 (Reuters) – Asian shares rose to one-year highs, extending their gains so far this year to almost 10 percent, helped by a jump in oil prices and investor expectations of continued easy monetary policy around the globe. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, bringing its gains […]