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Sri Lanka stocks close up 0.5-pct
Sep 11, 2014 (LBO) – Sri Lanka’s stocks close higher with banking and telco stocks gaining while the turnover nearing 5.6 billion rupees amid continued strong foreign buying, brokers said. Sri Lanka Telecom closed 1.90 rupees higher at 55.00 rupees and Commercial Bank of Ceylon closed 3.70 rupees higher at 163.90 rupees, contributing most to […]
Sri Lanka stocks close up 0.56-pct
Sep 10, 2014 (LBO) – Sri Lanka’s stocks close higher with the price gains in index heavy John Keells Holdings and Commercial Bank amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 39.81 points higher at 7,163.25, up 0.56 percent. The S&P SL20 closed 19.10 points higher at 3,988.59, up […]
Trade Agreement
September 10, 2014 (LBO) – Sri Lanka and China in talks to finalize a free-trade agreement which would bring substantial economic and trade benefits to the two countries, with both governments expressing hope that the deal will be implemented at an early date. Mutual Recognition of Standards Lack of mutual recognition of standards between two […]
New Phone
September 10, 2014 (LBO) – Apple announced iPhone® 6 and iPhone 6 Plus, featuring two new models with 4.7-inch and 5.5-inch Retina HD displays, and packed with innovative technologies in dramatically thin and seamless design, the company said in a statement. Apple Press Info The new iPhones feature a precision unibody enclosure of anodized aluminum […]
Sri Lanka Orient Garments to raise 824 million rupees
Sept 10, 2014 (LBO) – Sri Lanka’s Orient Garments Ltd, a listed apparel exporter is to raise 824 million rupees through a right issue of 54.91 million ordinary shares at 15 rupees each, the company said in an announcement of Colombo Stock Exchange. The current stated capital of the company is 90.48 million rupees represented […]
Sri Lanka stocks close up 0.5-pct
Sep 09, 2014 (LBO) – Sri Lanka’s stocks close 0.51 percent higher with index heavy John Keells Holdings gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 36.03 points higher at 7,123.44, up 0.51 percent. The S&P SL20 closed 36.68 points higher at 3,969.49, up 0.93 percent. Turnover was […]
Sri Lanka and Japan enters in to a new partnership
September 09, 2014 (LBO) – Sri Lanka and Japan enters into a new partnership to enhance the cooperation in the maritime field recognizing Sri Lanka’s potential as a maritime nation in the Indian Ocean, a statement said. Joint Statement between Sri Lanka and Japan 1.The Prime Minister of Japan, His Excellency Shinzo Abe, paid an […]
Sri Lanka tourist arrivals up 13.8 -pct in August
September 08, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 13.8 percent to 140,319 in August 2014 from a year earlier, driven by China and India, data from the state tourism promotion office showed.Middle Eastern visitors were up 16.0 percent to 18,823 with arrivals from Saudi Arabis down 13.7 percent to 6,653 and UAE down […]
Sri Lanka stocks close up 0.4-pct
Sep 05, 2014 (LBO) – Sri Lanka’s stocks close 0.38 percent higher with index heavy Commercial Bank gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 26.81 points higher at 7,087.41, up 0.38 percent. The S&P SL20 closed 30.00 points higher at 3,932.81, up 0.77 percent. Turnover was 1.25 […]
Sri Lanka to minimize the application of Agro chemical in agriculture
September 05, 2014 (LBO) – Sri Lanka cabinet has given approval to the progamme of work to minimize the application of agro chemicals in agriculture in the Island, a statement said. The programme was submitted to the Cabinet by Mahinda Yapa Abeywardena, Minister of Agriculture. Sri Lanka imports 8000 metric tons of agro chemicals and […]
Sri Lanka stocks close up 0.2-pct
Sep 04, 2014 (LBO) – Sri Lanka’s stocks close 0.19 percent higher with price gains in index heavy counters such as Nestle Lanka, Ceylon Tobacco Company and Commercial Bank amid strong foreign participation, brokers said. Foreign investors bought 951.70 million rupees worth shares while selling 546.46 million rupees worth shares. Nestle Lanka closed 24.90 rupees […]
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COLOMBO, September 3, 2014 (AFP) – A retired Sri Lankan soldier died on Wednesday, a day after setting himself alight in what police said was a protest against UN moves to investigate the country’s war record.The 73-year-old man set himself on fire on Tuesday near President Mahinda Rajapakse’s tightly-guarded residence in Colombo, police spokesman Ajith […]