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Sri Lanka stocks close lower 0.09-pct
Aug 07, 2015 (LBO) – Sri Lanka’s stocks closed lower 0.09 percent on Friday, with losses seen in some index heavy stocks and investors taking profits, brokers said. The Colombo benchmark All Share Price Index closed 6.64 points lower at 7,370.60 down 0.09 percent. The S&P SL20 closed 5.36 points higher at 4,097.53 up 0.13 […]
India receives USD20bn FDI from 12 countries in 2014-15 including Sri Lanka
Aug 07, 2015 (LBO) – India has received 19.78 billion US dollars worth foreign direct investment from 12 countries visited by Prime Minister Narendra Modi. Indian Commerce and Industry Minister Nirmala Sitharaman has informed Parliament that during the period, Indian companies have invested only 3.42 billion US dollars in these 12 countries. These countries include […]
Sri Lanka Ports Authority says vessel calling boosted by 12.7-pct in H1 2015 at Colombo Port
Aug 07, 2015 (LBO) – Sri Lanka Ports Authority says the Colombo port has continued to meet the challenges in the maritime sector successfully and two new main shipping lines started using the Port this year. During the first six month of this year the number of vessels calling at the port has increased by […]
Sri Lanka Watawala Plantation profits drop; palm oil supports bottomline
Aug 07,2015 (LBO) – Sri Lanka’s Watawala Plantations said it made a profit of 131 million rupees in the June 2015 quarter, down 43 percent, compared with 231 million rupees in the same quarter last year, battered by declines in the tea sector.The firm reported earnings of 55 cents per share for the quarter, in […]
‘s Textured Jersey Lanka profits up 26-pct
Aug 07, 2015 (LBO) – Textured Jersey Lanka, a Hong Kong-Sri Lanka joint venture textile firm said group profits rose 26 percent to 206 million rupees in the June 2015 period from a year earlier, interim report showed. Revenue rose 3 percent to 2,761million rupees in the same quarter from 2,678 million rupees a year earlier. […]
”’ rating confirmed: S&P rating
Aug 07, 2015 (LBO) – Standard & Poor’s ratings has confirmed Sri Lanka’s ‘B+’ rating with a stable outlook, a statement said. “Foreign reserves will grow, external debt will fall in the next three years as risks associated with the country’s moderately weak external settings are mitigated by growing reserve buffers that improve Sri Lanka’s […]
Sri Lankan businesses should use digital space more, online payment gateways are to come: ICTA Chief
Aug 07, 2015 (LBO) – Sri Lankan businesses need to use digital space more as internet-powered shopping across national borders has created “modern spice routes” for merchants who tap into the booming trend, ICTA Chief said. “Do we have borders in this space? No. We have no boarders. We are open,” Muhunthan Canagey, Chief Executive […]
SriLankan Aviation College partners with Mobitel for mLearning platform
(SriLankan Media Release) – National Carrier’s integrated training arm, SriLankan Aviation College, joined hands with the National Mobile Service Provider, Mobitel to introduce the electronic learning platform, mLearning for the education and training requirements of the college. mLearning allows simultaneous lecture delivery via several multimedia modes such as PowerPoint, Instant Messaging Word, Video, Audio and […]
BOI contributes ‘Doing Business in Sri Lanka’ forum in Singapore
(BOI Media Release) – The Board of Investment of Sri Lanka in collaboration with Ceylon Chamber of Commerce participated at the Forum titled “Doing Business in Sri Lanka – Development Potential and Opportunities” held at the office of the Singapore Business Federation. At this Forum Mr. Upul Jayasuriya, Chairman of Board of Investment of Sri […]
Legal action against consultants of Security Services Headquarters
Aug 06, 2015 (LBO) – The Cabinet has appointed an official committee to investigate and report activities being carried out with regard to the Security Services Headquarters Construction Project being implemented in the Akuregoda area of Battaramulla. The Cabinet has also decided to take appropriate legal action based on the results of proposed investigation.The attention […]
Sri Lanka appoints committee to investigate corruption in state transport service
Aug 06, 2015 (LBO) – A Special Investigation Committee has been appointed by the Secretary to the Ministry of Internal Transport to investigate corruption at the ministry and its affiliated institutions within the last five years.The cabinet nod has also been given to a proposal made by Internal Transport Minister Ranjith Maddumabandara to obtain instructions […]
UK global scholarship programme ‘Chevening’ starts accepting applications
Aug 06, 2015 (LBO) – The Chevening Secretariat is accepting applications for 2016/2017 Chevening Scholarships from 3 August until 3 November 2015, the British High Commission said in a statement.Chevening Scholarships are awarded to individuals with strong academic backgrounds who also have demonstrable leadership potential. The scholarship offers financial support to study for a Master’s […]