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Greece stock exchange to reopen today with trading restrictions
Aug 03, 2015 (LBO) – The Athens stock exchange will reopen Monday with restrictions, more than a month after the Greece financial crisis pressured the closure of the exchange. The Athens Exchange Stock Markets Steering Committee and the Boards of Directors of AthexClear last Friday decided to reopen the Regulated market and the Multilateral Trading […]
SriLankan Airlines flies high at SLIM NASCO awards 2015
(SriLankan News Release) – National Carrier SriLankan Airlines managed to bag three outstanding titles at the SLIM NASCO Awards 2015, held at the Water’s Edge recently.The award ceremony was organized by the Sri Lanka Institute of Marketing, coinciding with the annual National Sales Congress, to recognize and reward the outstanding sales personnel of Sri Lanka.SriLankan […]
‘s Seylan Bank net up 55.9-pct in June quarter
Aug 03, 2015 (LBO) – Sri Lanka Seylan Bank recorded a net profit of 1,089 million rupees in the June 2015 quarter up 55.9 percent from the same period in 2014, a filing with the stock exchange showed.The group reported earnings of 3.16 rupees per share up 53.7 percent from the same quarter last year.The […]
Sri Lanka’s budget 2016 targets budget deficit of 5.5 pct- of GDP
Aug 03, 2015 (LBO) – Sri Lanka wants to reduce the budget deficit to 5.5 percent of gross national production over 2016 to 2018, maintaining the state investment at around 6 to 8 percent of GDP, Cabinet Spokesman Minister Rajitha Senaratne said.The Finance Ministry had informed the cabinet that it has begun preparations for the […]
Sri Lanka to supply free domestic power connections to resettled families in the North and East
Aug 03, 2015 (LBO) – Sri Lanka’s government plans to restore provision of electricity connections free of charge to 20,000 resettled families in the North, Cabinet Spokeman Rajitha Senaratne said.At present, 232,828 families (796,342 members) are resettled in the Northern and Eastern Provinces, with the end of Tamil tiger war in 2009.The government will also […]
” with stable outlook
July 31, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Lion Brewery (Ceylon) national long-term rating at ‘AA-(lka)’ with a stable outlook. The agency also affirmed Lion’s senior unsecured rating and the rating on its debentures at ‘AA-(lka)’. The full text of the announcement is reproduced below. Fitch Affirms Lion Brewery at ‘AA-(lka)’; Outlook Stable […]
Sri Lanka records a deflation of 0.2-pct in July after two decades
July 30, 2015 (LBO) – Sri Lanka has experienced a deflation of 0.2 percent for July 2015, for the first time after March 1995. The main contributor for this decline was the major decrease in non food prices, statistics department said. “This was mainly due to the decrease of electricity and water bills, LP gas, […]
Polonnaruwa to become a metro city at cost of Rs16 bn
July 30, 2015 (LBO) – Sri Lanka’s north central heritage city Polonnaruwa to develop as a metro city at a cost 16,650 million rupees, cabinet spokesman Rajitha Senaratne said at a media briefing held Thursday. Polonnaruwa town and its nodal points known as Polonnaruwa, Kaduruwela and New Town are growing fast as Heritage City, Commercial […]
‘s outstanding public debt stands at Rs7.9 trillion
July 30, 2015 (LBO) – Sri Lanka’s total outstanding public debt including debt taken by state enterprises was 7,959,939 million rupees as at the beginning of the month of July 2015, cabinet spokesman Rajitha Senaratne said.Treasury Bonds stands at 3,629,903 million rupees where as treasury bills was 796,031 million rupees.Domestic debt was 5,313,713 million rupees […]
Sri Lanka to help Nepal renovate places of worship
July 30, 2015 (LBO) – Sri Lanka plans to send a group which is comprised of respective officers and technical craftsmen to Nepal to renovate places of worship which were damaged by the earthquake, the cabinet spokesman said. The Buddhist Temple in Swayambhunath and the Rato machindranath Hindu Kovil in Lalitpur, which were damaged by […]
” with stable outlook
July 30, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Continental Insurance Lanka’s national insurer financial strength rating and national long-term rating of ‘A-(lka)’ with a stable outlook. KEY RATING DRIVERS The ratings reflect CILL’s satisfactory capitalization in terms of regulatory solvency, relatively short operating history and modest market share. The ratings also reflect the […]
Sri Lanka’s Dankotuwa Porcelain to raise Rs722mn through rights issue
July 30, 2015 (LBO) – Sri Lanka’s tableware exporter Dankotuwa Porcelain is to raise 722 million rupees by way of a rights issue, the company said in a stock exchange filing.Subject to the necessary approvals, the company is to issue 90.31 million ordinary shares at 8.00 rupees each in the ratio of 5 for every […]