Category: Economy and Markets
Sri Lanka state airlines to get $ 150 mn for further development: Budget 2015
Oct 24, 2014 (LBO) – Sri Lanka state airlines, SriLankan and Mihin air to get 150 million US dollars in year 2015 as the last phase for the development of its servicers, President said presenting a budget for 2015 at the parliament. He said the two airlines have gained the capacity of handling 25 airlines […]
‘s 2015 budget LIVE streaming
Oct 24, 2014 (LBO) – Sri Lanka’s President Mahinda Rajapaksa in his capacity as the Finance Minister currently delivers 2015 budget in Parliament. Watch Live:
Sri Lanka paddy farmers to benefit from budget 2015
Oct 24, 2014 (LBO) – Sri Lanka paddy farmers to get seed paddy free of charge in the budget 2015, President Mahinda Rajapaksa said, in his capacity as the Finance Minister. He said seed paddy for the 2014/2015 Maha Season will be provided free of charge to the farmers. Added to that he said the […]
Sri Lanka budget 2015 gives special attention to kidney patients
Oct 24, 2014 (LBO) – Sri Lanka’s hospitals located in Anuradhapura and Hambantota to have special units to diagnose and treat kidney diseases, President Mahinda Rajapaksa said presenting a budget for 2015. Also he said kidney patients will be receive a 3000 rupees monthly grant though the budget 2015. The mystery kidney disease is mostly […]
‘s Ceylon Chamber expects budget proposals to be in line with the development agenda of the government
Oct 23, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce expects the ‘National Budget of 2015’ will be in line with the development agenda of the government, the chamber said in a media release. The Media Release by Ceylon Chamber of Commerce The Ceylon Chamber of Commerce expects the proposals that will be presented […]
Sri Lanka stocks close up 0.4-pct
Oct 23, 2014 (LBO) – Sri Lanka’s stocks closed higher with index heavy John Keells Holdings gaining amid net foreign buying ahead of the 2015 budget, brokers said. The Colombo benchmark All Share Price Index closed 28.35 points higher at 7,189.51, up 0.40 percent. The S&P SL20 closed 12.94 points higher at 3,991.59, up 0.33 […]
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Oct 21,2014 (LBO) – Sri Lanka Ceylon Chamber of Commerce plans to hold a post budget seminar to discuss the ‘National Budget of 2015’, which will be presented in Parliament on the 24thof October, 2014, chamber said in a media release. Top government officials, senior tax consultants and corporate executives have been lined up to […]
’’s growth
Oct 21, 2014 (LBO) – Sri Lanka’s Government urged to create a friendly regulatory framework to drive the growth of the small and medium enterprises in the island, chamber chief said. Tilt the policy framework in favor of SME’s, Suresh Shah, Chairman of the Ceylon Chamber of Commerce said. This is only fair since many […]
Sri Lanka stocks close down 0.7-pct
Oct 21, 2014 (LBO) – Sri Lanka’s stocks closed 0.72 percent lower with banking stocks losing ground despite net foreign buying, brokers said. Commercial Bank of Ceylon closed 2.30 rupees lower at 158.60 rupees and Commercial Leasing and Finance closed 20 cents lower at 4.60 rupees, contributing most to the index drop. Ceylinco Insurance closed […]
‘s Jetwing Hotels to manage Bansei Royal Resorts
Oct 20, 2014 (LBO) – Sri Lanka’s Bansei Royal Resorts has entered into a new management agreement with Jetwing Hotels to manage the hotels operationally, the company said in a stock exchange filing. New agreement will come into force from December this year as the previous agreement with Amaya Leisure was terminated from 01st October […]
Sri Lanka shares close down 0.3-pct
Oct 20, 2014 (LBO) – Sri Lanka’s shares closed lower starting the week on a negative note with Commercial Bank and Nestle Lanka contributing most to the index drop, brokers said. The Colombo benchmark All Share Price Index closed 21.02 points lower at 7,213.45, down 0.29 percent. The S&P SL20 closed 21.39 points lower at […]
Sri Lanka to construct 537 rural bridges with an investment of US $162mn
Oct 20, 2014 (LBO) – Sri Lanka to construct and rehabilitate about 537 rural bridges with a credit facility of 162 million US dollars, provided by The Deutsche Bank AG (London) and the Bank of Tokyo-Mitsubishi UFG Ltd Finance ministry of Sri Lanka said. Added to that the ministry says the development of these bridges […]