Category:
Expressing Gratitude and Expecting Gratitude: To What Extent such is Deserving?
Oct 01, 2014 (LBO) – Recognising a help and expressing gratitude for it is a worthy human gesture. This applies to groups, societies, or even countries. Non recognition of a helping hand given is considered unkind and disgraceful. Worse is when parties unrelated are praised when the true helper is elsewhere unrecognised. In Sinhalese tradition, […]
‘s inflation at 4.2-pct in September 2014: Central Bank
Oct 01, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.2 per cent in September 2014 from to 4.5 per cent in August 2014, on an annual average basis the Central bank of Sri Lanka said in a media release. The data is based on the change in […]
Sri Lanka stocks close up 0.2-pct
Sep 30, 2014 (LBO) – Sri Lanka’s stocks closed 0.19 percent higher with conglomerate John Keells Holdings gaining despite continued strong foreign selling, brokers said. Dunamis Capital closed 1.40 rupees lower at 37.50 rupees and Janashakthi Insurance closed 40 cents lower at 23.70 rupees, attracting most number of trades during the day. Foreign investors bought […]
’s LOLC Leisure re-branded as Browns Hotels and Resorts
Sep 30, 2014 (LBO) – Sri Lanka’s Lanka Orix Leasing Company Leisure, a hotel company rebranded as Brown Hotels and Resorts, Brown Investment PLC said in a media release. LOLC will continue to be the holding company for the Browns group, the company said in the media release. LOLC Leisure is the controlling shareholder of […]
’s Mihin to expand routes, frequencies
Sep 30, 2014 (LBO) – Sri Lanka’s state-run budget carrier Mihin Lanka plans to add destinations and increase frequencies on existing route as it plans to meet the growing demand for flights due to an increase in tourism and trade.TThe state-owned airline plans to start flights to Lahore in Pakistan where the airline says has […]
Sri Lanka stocks close higher
Sep 29, 2014 (LBO) – Sri Lanka’s stocks closed higher with the turnover crossing 3.4 billion rupees mark despite strong foreign selling, brokers said. Foreign investors bought 375.47 million rupees worth shares while selling 2.27 billion rupees worth shares. Lion Brewery Ceylon closed 14.50 rupees higher at 630.10 rupees and People’s Leasing and Finance closed […]
Appointment
Sep 29, 2014 (LBO) – Sri Lanka’s Union Bank was appointed as a primary dealer in government securities in terms of the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance by the Central Bank, the bank said in a media release. Union Bank will commence its business on 1st of October, 2014.
More paths
Sep 29, 2014 (LBO) – Sri Lanka’s UB finance to open more avenues to improve the small and medium sector and the lifestyle of the people, the company said in a media release. UB finance, a financial service solution provider is a subsidiary of Union Bank of Sri Lanka. In the coming year, UB Finance […]
Greece Bonds
Sep 29, 2014 (LBO) –Sri Lanka’s Supreme Court dismissed the Fundamental Rights application filed by Mr Sujeewa Arjune Senasinghe of Colombo 3 against the Monetary Board complaining that the Central Bank, in purchasing Greece Government Bonds, had acted in an unlawful, irresponsible and an arbitrary manner, Central Bank said in a media release. This decision […]
Sri Lanka stocks close higher
Sep 26, 2014 (LBO) – Sri Lanka’s stocks closed higher with the turnover crossing 2.7 billion rupees mark despite strong foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 0.73 points higher at 7,233.71, up 0.01 percent. The S&P SL20 closed 4.60 points lower at 4,008.42, down 0.11 percent. Turnover was 2.73 […]
Sri Lanka exports surged 14 percent in first eight months of 2014
Sep 26, 2014 (LBO) – Sri Lanka’s exports have surged by 14.3 percent to 7.34 billion US dollars in the first eight months of 2014 in comparison to 2013 January-August official of Industry and Commerce of Sri Lanka said. The eight months increase of 2014 have been led by agricultural products at 1.778 billion dollars […]
Sri Lanka to get $800mn ADB loan to upgrade rural road links
September 26, 2014 (LBO) – Sri Lanka to get 800 million US dollar loan facility which approved by Asian Development Bank yesterday to fund rural and national road upgrades in six provinces in order to improve access of remote communities to markets, services, and jobs, the bank said in a media release. Providing all-weather road […]