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‘s 2015 budget is not targeted at elections: Treasury Secretary
Oct 09, 2014 (LBO) – Sri Lanka’s budget for the year 2015 is more towards development rather than catering to mere election purposes, Treasury Secretary P B Jayasundera said. The 2015 budget will be presented to the parliament on 24, October 2014. “Although there was a reference made in the last weekend media that the […]
Sri Lanka external trade expands in August
Oct 09, 2014 (LBO) – Sri Lanka’s exports rose 7.9 percent, to 991.3 million US dollars in August 2014 from a year earlier with 85.6 percent contribution of apparel exports, official data showed. Apparel exports grew 17.0 percent to 428.6 million US dollars in August 2014, the Central Bank said. Exports of machinery and mechanical […]
Sri Lanka stocks close down 0.14-pct
Oct 07, 2014 (LBO) – Sri Lanka’s stocks closed with losses due to negative price movements in index heavy John Keells Holdings, brokers said. The Colombo benchmark All Share Price Index closed 10.59 points lower at 7,396.01, down 0.14 percent. The S&P SL20 closed 9.67 points lower at 4,150.64, down 0.23 percent. Turnover was 1.74 […]
Strongest Bank
Oct 07,2014 (LBO)- The Commercial Bank of Ceylon being adjudged ˜The Strongest Bank in Sri Lanka in 2014’ by The Asian Banker, a leading provider of strategic intelligence on the financial services industry, the bank said in a media release. The key performance indicators assessed by the panel of international experts are the components of […]
Sri Lanka tourist arrivals up 16.8 -pct in September
Oct 06, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 16.8 percent to 105,535 in September 2014 from a year earlier, driven by India and China, data from the state tourism promotion office showed. Western European visitors are strong in the northern hemisphere winter season and when Sri Lanka’s Western coast is sunny and calm […]
‘s Colombo be preserved as it is?
Oct 06, 2014 (LBO) – “There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things.For the reformer has enemies in all those who profit by the old order, and only lukewarm defenders […]
Sri Lanka Central Bank Governor answers question from public
Oct 03, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal held a question and answer from public on 24th September, 2014 via twitter, a social network. The live Q n A session took place via twitter account of #askcbsl at 10 am to 11 am (SL time). Media Release by Central Bank of […]
Sri Lanka fund manager hopes to target wider base
Oct 04, 2011 (LBO) – A newly-licensed start up fund manager says it is expecting to bring in potential investors who lack the knowledge and experience of English speaking Colombo-based investors to enter equity markets, officials said.Dhammika Herath, chairman of First Class International Funds, says the Securities and Exchange Commission licensed the firm as a […]
LBR LBO Enterprise Summit 2013 – “Building Future Ready Enterprises” – Friday 4 & Saturday 5 October 2013
Topic: Future Ready Enterprises Date/Time: Friday 4 & Saturday 5 October 2013 | 0845 – 1750 HRS Venue: Oak Room, Cinnamon Grand Host: Lakshaman Bandaranayake | Founding Publisher, Director | Lanka Business Online Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 General | summit@lbo.lk Registration fee: Rs 12,900/= per participant, 5% discount […]
Sri Lanka stocks close up 0.8-pct
Oct 03, 2014 (LBO) – Sri Lanka’s stocks closed 0.76 percent higher with banking stocks gaining amid continued strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 55.55 points higher at 7,406.60, up 0.76 percent. The S&P SL20 closed 52.95 points higher at 4,160.31, up 1.29 percent. Turnover was 4.39 billion […]
Sri Lanka invited to invest and set up businesses in Malaysia
Oct 02, 2014 (LBO) – Sri Lanka has been invited to invest and set up firms in Malaysia by the Malaysian Investment Development Authority, the investment promotion agency of Malaysia, Ceylon Chamber of Commerce said in a media release. This invitation was made by the official of Malaysian Investment Development Authority (MIDA), when they met […]
Sri Lanka rejects all treasury bids
Oct 01, 2014 (LBO) – Sri Lanka has rejected all treasury bids at a weekly auction on Wednesday, the government’s debt office said.The debt office which is part of the island’s central bank said it has offered 1.5 billion rupees in 6-month bills and 4.5 billion rupees in 12-month bills. The office did not offer […]