Category:
‘s cricket world cup winners
July 30, 2015 (LBO) – India’s Shreepati Edifice (Pvt) Ltd, a real estate developer will build a 96-floor tower, the tallest building in Sri Lanka, with an investment of 330 million rupees which will be a tribute to the Sri Lankan Cricket Team who won the World Cup in 1996. The Tubular structured state-of-the-art iconic […]
Happy with new faces selected for Sri Lanka’s T20 team: Malinga (VIDEO)
July 29, 2015 (LBO) – Sri Lanka’s T20 captain Lasith Malinga on Wednesday said he is quite happy with the current selections as it comprises of young players. “I’m happy with the team selection even though a lot of new players included in the team. This is the best time to try new players for […]
Microsoft launches Windows 10; free upgrade available now in Sri Lanka
July 29, 2015 (LBO) – Windows 10 will become available in 190 countries including Sri Lanka from Wednesday as a free upgrade or with new PCs and tablets, Microsoft Corporation announced. Windows 10 includes innovations such as Cortana, an Xbox app and Microsoft Edge for a familiar, yet more personal and productive, experience. The most […]
Grain Elevators could grow revenue by 10.4 pct: SC Securities
July 29, 2015 (LBO) – Ceylon Grain Elevators PLC (GRAN.N), Sri Lanka’s largest operator in the poultry industry, could grow revenue by 10.4 percent and net profit by 12.2 percent annually in the next four years, according to a research report by SC Securities. Rising consumer demand due to revised public sector salaries and higher […]
Sri Lanka businesses urged to practice good governance : IFAC President
July 29, 2015 (LBO) – Sri Lanka’s business organization should practice good governance to build next level businesses and to support country to move ahead, Olivia Kirtley, president of the International Federation of Accountants said.“Sri Lanka is one of the fastest growing market in the South Asia region and economic outlook for Sri Lanka seems […]
South Asia to grow 7.3 pct in 2015: ADB
July 29, 2015 (LBO) – South Asia is expected to grow 7.3 percent in 2015, up slightly from 7.2 percent seen earlier, with a better-than-expected economic performance in Bangladesh balancing the earthquake-related slowdown in Nepal, a new ADB report says. “In 2016, growth for the sub region is expected to expand to 7.6 percent,” a […]
Sri Lanka’s Ceylon Tobacco 2Q net profit up 20.2 percent: Interim Report
July 29, 2015 (LBO) – Sri Lanka Ceylon Tobacco Company’s profit after tax up 20.2 percent to 3,019 million rupees in the quarter 30th June 2015 despite government excise and other taxes, interim report data showed. Ceylon Tobacco Company is engaged in the manufacture, marketing and export of cigarettes which is a subsidiary of British […]
Heritance Ahungalla and Heritance Kandalama adjudged top winners at the Culinary Awards
(News Release) Sri Lanka’s premier beach resort Heritance Ahungalla, emerged as the Most Outstanding Hotel Team in Sri Lanka for the third consecutive time after competing against 2500 participants from both international and domestic star-class city and resort hotels at the 16th Culinary Art Competition which concluded on Monday. Heritance Hotels dominated the competition with […]
JKL profit falls 20 pct in three months to June
July 28, 2015 (LBO) – Sri Lanka’s John Keells PLC (JKL.N), the tea and rubber broking unit of John Keells Holdings, announced a 20 percent drop in net profits in the first quarter, in provisional results released to the Colombo Stock Exchange. The company said profit after tax fell to 54.2 million rupees from 67.7 […]
Sri Lanka’s state, estate and private workers to get wage hikes: UPFA manifesto
July 28, 2015 (LBO) – Sri Lanka’s United Peoples Freedom Alliance in its manifesto launched earlier today said that it would increase the wages of the state, estate and private sector workers if elected in the August polls.The UPFA says they will increase the cost of living allowance of the state sector workers up to […]
Sri Lanka stocks close up 0.2-pct
July 27, 2015 (LBO) – Sri Lanka’s stocks closed up 0.19 percent on Tuesday, with index heavy stocks making gains, brokers said. The Colombo benchmark All Share Price Index closed 13.84 points higher at 7,261.07 up 0.19 percent. The S&P SL20 closed 19.33 points higher at 4,087.00 up 0.48 percent. Turnover was 1.09 billion rupees, […]
Sri Lanka’s Treasury bill yields up across maturities: Central Bank
July 28, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up across maturities at Tuesday’s auction with 12-month yield up 09 basis points to close at 6.48 percent, data from the state debt office showed. 3-month yields were up 03 basis points to close at 6.28 percent while 6-month Treasury bill yields were up […]