Category:
Consolidation
July 17, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said it will acquire Indra Finance, a finance company linked to a top vehicle retailer for 870 million rupees. Indra Finance had 507 million rupees in equity 73 million rupees in profits and 2.0 billion rupees in assets according to the last balance sheet […]
‘s 50
GALLE, July 17, 2014 (AFP) – Rookie batsman Quinton de Kock hit a maiden half-century as South Africa moved to 331-7 at lunch on the second day of the first Test against Sri Lanka on Thursday. De Kock, playing his second Test after making his debut in February, hit six fours in his promising 90-ball […]
Sri Lanka shares close up 0.2-pct
July 16, 2014 (LBO) – Sri Lanka’s shares closed 0.22 percent higher on Wednesday with continued foreign inflows extending gains further, brokers said. Foreign investors bought 452.04 million rupees worth shares while selling 125.62 million rupees worth shares. Bukit Darah closed 25.30 rupees higher at 700.00 rupees, contributing most to the index gain. Carson Cumberbatch […]
Top Appointment
July 16, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said Sivakrishnarajah Renganathan, the Bank’s Deputy General Manager Personal Banking has been appointed Chief Operating Officer and Executive Director. The appointment takes effect on July 17. He has been with Commercial Bank for 34 years. In July 2003, he was appointed country manager Bangladesh, […]
Top Sri Lanka lawyer says fears for life after criticising govt
COLOMBO, July 16, 2014 (AFP) – The head of Sri Lanka’s bar association said on Wednesday he feared he might be killed after he described President Mahinda Rajapakse’s government as becoming more autocratic.“We observe that the post-war Sri Lankan polity has been in an acute and deepening crisis,” he said. Another legal group, the Lawyers […]
Sri Lanka to re-start oil refinery
July 16, 2014 (LBO) – Sri Lanka has repaired an offshore unloading buoy allowing state-run Ceylon Petroleum Corporation to re-start its refinery which was closed due to lack of crude stocks, the petroleum ministry said.The buoy was repaired on July 15 and 50,000 barrels were unloaded yesterday, the ministry said, allowing the refinery to start […]
Sri Lanka shares close up 0.4-pct
July 15, 2014 (LBO) – Sri Lanka’s stocks closed 0.43 percent higher with diversified stocks gaining despite strong foreign buying and selling, brokers said. The Colombo benchmark All Share Price Index closed 28.76 points higher at 6,727.79, up 0.43 percent. The S&P SL20 closed 29.03 points higher at 3,750.26, up 0.78 percent. Turnover was 2.19 […]
Netherlands sees expanding trade and investments with Sri Lanka
Aug 15, 2014 (LBO) – Netherlands is seeking more trade and investment links with Sri Lanka in agriculture, water and health seen as growth areas, with funding also available, officials said. “We are actively looking for new trading partners around the world,” visiting Dutch Vice-Minister for Foreign Trade Simon Mits, who led a trade mission […]
Cricket: Sri Lanka plan memorable farewell for Jayawardene
GALLE, July 15, 2014 (AFP) – Sri Lanka are planning to give star batsman Mahela Jayawardene a fitting farewell by winning his remaining matches, captain Angelo Mathews said ahead of the first Test against South Africa starting Wednesday. “They’ve still got these very good players in the team and they are a very strong team […]
Sri Lanka stocks close up 0.6-pct
July 14, 2014 (LBO) – Sri Lanka’s stocks closed 0.56 percent higher on Monday extending the gains of food, beverages and tobacco sector amid low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 37.63 points higher at 6,699.03, up 0.56 percent. The S&P SL20 closed 13.07 points higher at 3,721.23, up […]
Sri Lanka trade deficit down amid weak credit in May
July 14, 2014 (LBO) – Sri Lanka’s exports rose 11.1 percent to 882.1 million US dollars in May 2014 from a year earlier led by apparel exports that rose 14.5 percent to 365.1 million US dollars, official data showed. Agriculture exports rose 21.1 percent to 239.9 million US dollars with tea up 9.7 percent to […]
Football: World Cup history for Germany as Goetze sinks Argentina
RIO DE JANEIRO, July 14, 2014 (AFP) – Mario Goetze scored a superb extra-time winner as Germany beat Argentina 1-0 to become the first European team to win a World Cup held in South America on Sunday.Germany’s Neuer won the Golden Glove award for the tournament’s best goalkeeper. The 28-year-old Bayern Munich player was presented […]