Category: Markets
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Feb 19, 2015 (LBO) – Sri Lanka’s Port City project has not been stopped yet and is still being looked into, Prime Minister Ranil Wickremesinghe told parliament yesterday. “We have not yet decided to stop this project but we are examining all the details of this agreement,” Prime Minister Ranil Wickremesinghe said in a statement. […]
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Feb 18, 2015 (LBO) – Sri Lanka’s new administration had ordered to release an issue of India’s Frontline magazine, which was held at the border, Sri Lanka’s Prime Minister’s office said in a statement.Customs authorities had held up the magazine due to an article which contained a reprint of an interview with the leader of […]
Sri Lanka Softlogic December net up 10-pct
Feb 18, 2015 (LBO) – Sri Lanka’s Softlogic Holdings December 2014 quarter net profit rose 10 percent to 179.1 million rupees from a year ago with big contributions from healthcare and IT and financial sector, interim accounts showed. Sales in the quarter rose 52 percent to 7.1 billion rupees from the previous year. Other operating […]
Sri Lanka’s Power Ministry to set up island-wide charging centers for electric cars
Feb 17, 2015 (LBO) – Sri Lanka’s Power and Energy Ministry plans to set up an island-wide network of charging centres for electric cars involving private businesses and households, the ministry said in a media release.The ministry said that it plans to introduce a special tariff between the hours of 2200 and 0400 for charging […]
‘s NDB to issue Rs7.5bn listed debt
Feb 17, 2015 (LBO) – Sri Lanka’s National Development Bank to issue listed rated unsecured senior redeemable debentures for 5 billion rupees with an option to go up to 7.5 billion rupees, the company said in an announcement to stock exchange.The rates and tenor was not announced.
Sri Lanka Insurance gets a new chairman
Feb 16, 2015 (LBO) – Sri Lanka’s new administration has appointed Hemaka Amarasuriya, an accounting professional, who served for Singer Sri Lanka group for a long period as chairman of Sri Lanka Insurance Corporation.Amarasuriya an accounting professional, is the former Senior Vice President of Singer Asia Limited, Vice President of Retail Holdings Limited USA and […]
Sri Lanka’s Cargills gets US$20mn of IFC investment
Feb 16, 2015 (LBO) – International Finance Corporation (IFC), a unit World Bank has invested 20 million US dollars in Sri Lanka’s Cargill Food Company, the group said in a filing to stock exchange.The group said that IFC subscribed to an eight percent stake in the share capital of Cargills Food Company, wholly owned subsidiary […]
Sri Lanka Aitken Spence December 2014 net down 19-pct
Feb 12, 2015 (LBO) – Profits at Sri Lanka’s Aitken Spence group fell 19 percent to 869 million rupees in the December 2014 quarter, interim accounts showed.The group reported earnings of 2.14 rupees per share for the quarter.For the nine months to December 2014, the firm reported earnings of 5.41 rupees per share on profits […]
Sri Lanka stocks close down 0.6-pct
Dec 02, 2014 (LBO) – Sri Lanka’s stocks closed 0.62 percent lower with telco, beverages and oil palm stocks losing ground amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 45.10 points lower at 7,230.58, down 0.62 percent. The S&P SL20 closed 15.54 points lower at 4,025.13, down 0.38 percent. […]
Sri Lanka stocks close up 1.7-pct
Dec 01, 2014 (LBO) – Sri Lanka’s stocks closed higher with the price gains of index heavy John Keells Holdings and Commercial Bank amid net foreign buying, brokers said. Foreign investors bought 320.98 million rupees worth shares while selling 237.19 million rupees worth shares. Commercial Bank of Ceylon closed 6.30 rupees higher at 164.90 rupees […]
Sri Lanka stocks close down 0.9-pct
Nov 27, 2014 (LBO) – Sri Lanka’s stocks closed 0.89 percent lower with telco and banking stocks losing ground despite net foreign buying, brokers said. Foreign investors bought 445.70 million rupees worth shares while selling 125.55 million rupees worth shares. Commercial Bank of Ceylon closed 7.40 rupees lower at 160.60 rupees and Sri Lanka Telecom […]
Sri Lanka stocks close down 0.8-pct
Nov 26, 2014 (LBO) – Sri Lanka’s stocks closed 0.82 percent lower with Index heavy John Keells Holdings and Nestle Lanka losing ground, brokers said. The Colombo benchmark All Share Price Index closed 59.64 points lower at 7,179.72, down 0.82 percent. The S&P SL20 closed 21.02 points lower at 4,024.70, down 0.52 percent. Turnover was […]