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Aitken Spence net down 44-pct amid energy sector losses and downturn in Maldives
Aug 10, 2015 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation, said profits in the June 2015 quarter dropped 44 percent to 420 million rupees from a year earlier. The group reported earnings of 1.04 rupees per share for the quarter, against the 1.84 rupees recorded in […]
Australian High Commissioner calls on the Chief of Defence Staff
(Press Release) – Australian High Commissioner HE Robyn Mudie and Defence Adviser Captain Jason Sears recently called on the Chief of Defence Staff, Air Chief Marshal Kolitha Gunatilleke, and the Commander of the Sri Lanka Navy, Vice Admiral Ravindra Wijegunaratne, to congratulate the officers on their recent appointments. The meetings were also useful opportunities to […]
Finance Minister visits Fort Manning Market
Finance Minister Ravi Karunanayake today (10) visited Fort Manning Market…
SLSBC concludes Trade and Investment Promotion Mission to Singapore
(CCC Press Release) – The Sri Lanka- Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce successfully concluded a business mission to Singapore from 29th– 1st August 2015. The mission was organized to coincide with the SBF Seminar on Doing Businessin Sri Lanka followed by One-to-One Business Meetings which was organized by the Singapore […]
Sri Lanka stocks close higher 0.10-pct
Aug 10, 2015 (LBO) – Sri Lanka’s stocks closed higher 0.10 percent on Monday, with gains in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed 7.34 points higher at 7,377.94 up 0.10 percent. The S&P SL20 closed 7.14 points higher at 4,104.36 up 0.17 percent. Turnover was 1.3 billion […]
Sri Lanka’s Balangdoa Plantations reports Rs75mn loss
Aug 10, 2015 (LBO) – Sri Lanka’s Balangoda Plantations, a unit of listed Distilleries Corporation, made a loss of 75 million rupees in the quarter to June, compared with the 57 million rupee profit made in the same quarter in 2014, hit by global price falls in rubber and tea, interim accounts showed. The firm […]
Microsoft enters Google territory with launch of new translator app
Aug 10, 2015 (LBO) – Microsoft has entered Google territory with the launch of its new translation application supporting phones and tablets as well as the Apple watch and smart watches that run on Android wear, a foreign media report said.“With the new app, Microsoft is entering into Google territory, which has long offered translation […]
Election law violations in Sri Lanka cross 900 incidents; Western Province leads: PAFFREL
Aug 10, 2015 (LBO) – Sri Lanka’s election watchdog PAFFREL says the organization has received 915 complaints in relation to 972 electoral and general law violations by yesterday afternoon.Among them, 114 are related to acts of violence and 132 incidents of electoral or general law violations. As per the PAFFREL statistical report of election law […]
Sri Lanka’s PM says 2.5mn Freehold lands to come into market
Aug 10, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said, the government will provide freehold land titles for those who have enjoyed occupation of land under different government schemes since 1931. “We want to encourage small ownership, a strong middle class and this is why we will be giving full hold to the […]
Colombo Fashion Week SWIM 2016 kicked off
Aug 09, 2015 (LBO) – Sri Lanka’s Colombo Fashion Week swim 2016 kicked off in August as its third annual season, in line with its objective of uplifting Sri Lanka’s fashion design industry. Swim, as a season of its own, focuses on swimwear as a specialized category, which has shown immense growth potential as an […]
Sri Lanka to export bananas to China
Aug 09, 2015 (LBO) – Sri Lanka’s agricultural ministry is to sign an agreement with China to supervise quality in bananas that will be exported to China, Government Spokesman Rajitha Senaratne said.The agreement on phytosanitary requirements for banana exports will be signed between China’s General Administration of Quality Supervision, Inspection and Quarantine and the Quarantine […]
Sri Lanka’s Dialog Axiata net up 15–pct in June quarter
Aug 07, 2015 (LBO) – Sri Lanka’s Dialog Axiata, which has interest in mobile, fixed telecom and pay television said group profits rose 15 percent to 1.90 billion rupees in June quarter from a year earlier. The group reported earnings of 23 cents per share for the quarter against 20 cents recorded a year ago.In […]