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US Internal Revenue Service hacked; 100,000 taxpayers data breached
May 27, 2015 (LBO) –The United States Internal Revenue Service announced Tuesday that it will be notifying taxpayers after third parties gained unauthorized access to information on about 100,000 accounts through an online application called “Get Transcript”.This data included Social Security information, date of birth and street address, the IRS said in a statement.“These third […]
” final national long term rating: Fitch
May 27, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer Finance (Lanka) senior secured debt a final national long-term rating of ‘BBB(lka)’, the rating agency said in a statement. The final rating is at the same level as the expected rating assigned on 18 February 2015, Fitch said.On 21 May 2015, Singer Finance […]
Sri Lanka Shippers’ Council express concern over the sudden resignation of Customs Chief
May 26, 2015 (LBO) – Sri Lanka Shippers’ Council on Tuesday expressed concern over the sudden resignation of Director General of Sri Lanka Customs, a statement said.“It is with great regret that we have noted the sudden resignation of the Director General of Sri Lanka Customs,” Shippers’ Council said.“Jagath P Wijeweera has been one of […]
Sri Lanka stocks slump with investors taking profits
May 26, 2015 (LBO) – Sri Lanka’s stocks closed down 22.98 points with investors taking profits, brokers said. The Colombo benchmark All Share Price Index closed 22.98 points lower at 7,261.78 down 0.32 percent. The S&P SL20 closed 16.01 points lower at 4,037. 81 down 0.39 percent. Turnover was 1.18 billion rupees up from 763 […]
Sri Lanka’s CDS signs MoU with NSDL India to share knowledge on depository services
May 26, 2015 (LBO) – Sri Lanka’s Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the National Securities Depository (Pvt) Ltd of India (NSDL), for the purpose of knowledge sharing in the area of depository services, the company said in […]
‘s John Keells Holdings March quarter profits up 11-pct
May 26, 2015 (LBO) – Profits at Sri Lanka’s John Keells Holdings, up 11.55 percent from a year earlier to 5.2 billion rupees in the March 2015 quarter, interim results showed.The group reported earnings of 5.13 rupees per share. In the year to March it reported earnings of 14.15 rupees per share. Group revenues rose […]
‘s Sunshine Holdings eyes renewable energy projects
May 26, 2015 (LBO) – Sri Lanka’s Sunshine Holdings said it is considering diversify and expand the renewable energy sector, if the government is willing to disclose plans for the sector, Group Managing Director said, Tuesday. “We are looking at opportunities in solar and wind power,” Vish Govindasamy, Group Managing Director of Sunshine Holdings Plc […]
‘s Orient Finance announces amalgamation and payment plan for shareholders
May 26, 2015 (LBO) – Sri Lanka’s Orient Finance, a company to be amalgamated with Bartleet Finance, announced its payment plan for shareholders on Tuesday, the company said in a stock exchange filing. As per the announcement, every one ordinary voting share held at Orient Finance as at the date of amalgamation, 14.97 rupees will […]
Sri Lanka new rulers to build housing scheme for media personal
May 26, 2015 (LBO) – Sri Lanka’s government plans to build 1500 houses for media personal in an identified land in Homagama, Sri Lanka, a minister said today.The identified, 100 acre land belongs to the Sri Lanka broadcasting cooperation and being acquired by the Media ministry for the housing project.However, Media Minister, Gayantha Karunathilake said […]
‘s United Motors property revaluation surplus crosses Rs. 1.73 bn
May 26, 2015 (LBO) – Sri Lanka’s United Motors, one of the oldest automobile companies in the island has transferred a revaluation surplus of 1.73 billion rupees to the revaluation reserve account, the company said in a stock exchange filing.The company has recently carried out a revaluation for lands owned and occupied by them as […]
Sri Lanka’s business chamber calls for early election, says overseas business community is concerned
Mar 26,2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said, that the government should calls for early parliamentary election without a delay , so that policies can be formulated and implemented to kick-start the economy and exploit its true potential. “We once again reiterate the need for conducting parliamentary elections without delay,” the chamber […]