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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 […]
‘s Leasing and Finance to sell Rs3bn in debentures
September 03, 2014 (LBO) – Sri Lanka’s People’s Leasing and Finance said it will sell up to 3.0 billion rupees, listed debentures with subscriptions opening on September 15.About 30,000,000 senior unsecured redeemable rated debentures will be issued at a price of 100,000 rupees each, the announcement said. The bank said this in an announcement of […]
Free Trade
September 03, 2014 (LBO) – Sri Lanka and China in talks to finalise 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. Coverage of Goods For most of China’s FTAs partners, the agreements have […]
Sri Lanka stocks close down 0.1-pct
Sep 02, 2014 (LBO) – Sri Lanka’s stocks close 0.09 percent lower with telco and diversified stocks losing ground amid continued low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.07 points lower at 7,024.82, down 0.09 percent. The S&P SL20 closed 2.89 points lower at 3,874.50, down 0.07 percent. Turnover […]
Ratings
September 02, 2014 (LBO) – Fitch Ratings has assigned Sri Lanka-based National Savings Bank’s (NSB; BB-/Stable) proposed issue of US dollar-denominated notes an expected rating of ‘BB-(EXP)’, the rating agency said in a media release.RATING SENSITIVITIES>b/> Any change in Sri Lanka’s rating or to the perception of state support to NSB could result in a […]
New Appointments
September 02, 2014 (LBO) – Sri Lanka’s Monetary Board has appointed four new assistant governors with effect for 28 August this year to address the emerging challenges of the economy, the bank said in a media release. D Wasantha, C P A Karunathilake, H A Karunaratne and S R Attygalle to the post of Assistant […]
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September 02, 2014 (LBO) – Sri Lanka’s John Keells Holdings opened 243 – room , lean luxury ,business hotel Sri Lanka’s capital Colombo yesterday (Sept 01) with an investment about 3.5 billion rupees officials said. As much as Cinnamon Red signifies the creation of a new tier within the Cinnamon Hotels and Resort Brand, it […]
Sri Lanka stocks close lower
Sep 01, 2014 (LBO) – Sri Lanka’s stocks close lower Monday, reversing the gains of tobacco and beverage stocks amid low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 3.20 points lower at 7,030.89, down 0.05 percent. The S&P SL20 closed 4.88 points higher at 3,877.39, up 0.13 percent. Turnover was […]
Profit Gain
September 01, 2014 (LBO) – Sri Lanka’s Bank of Ceylon said profits before tax increased 20 percent to 8.6 billion rupees the first half of 2014 compared to 7.2 billion rupees in 2013. Deposits in foreign currency account for 26 percent with the remaining 74 percent in local currency. The total customer deposit base has […]
SriLankan Airlines celebrates 35th anniversary
September 01, 2014: SriLankan Airlines, the national carrier of Sri Lanka celebrates thirty-five years of flying, at the Airline Centre in Katunayake, today (Sep 1, 2014), the airline said in a media release. Founded in 1979, SriLankan has expanded its services to 89 destinations in 44 countries across the globe, operating around 260 weekly flights […]
Conspiracy theories over evidence: A review of Power and Power (2014)
Sept 01, 2014 (LBO) I was among the throngs at the launch of a book by Minister Patali Ranawaka few weeks back. The auditorium was packed. There were pyrotechnics, metaphorical and otherwise, on stage. Buying a book required skills in the avoidance of pushing and shoving. Having barely sold 500 copies of a book in […]