Category: Markets

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 […]

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 […]

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 […]

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.

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 […]

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 […]

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 […]