Category:
Access Engineering (AEL) director sells Rs400mn worth of stock
June 22, 2019 (LBO) – Colombo Stock Exchange (CSE) listed Access Engineering (AEL) in a stock market disclosure reported that a non-executive director had sold a significant amount of his shares. Ranjan Gomez has sold 30,000,000 shares at a price of Rs13.2/share. Total proceeds from the sale of shares is approximately Rs400mn. As of March […]
Expolanka, HNB Assurance, Janashakthi, Melstacorp in new S&P Sri Lanka 20 Index
Jun 21, 2019 (LBO) – Colombo Stock Exchange (CSE) announces changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2019 mid-year index rebalance. Accordingly, Expolanka, HNB Assurance, Janashakthi Insurance, and Melstacorp have been included in the index while CTC, NTB, Richard Pieris and Tokyo Cement have been excluded. […]
University of Technology Sydney to open pathway college in Sri Lanka with USD2.1mn investment
Jun 21, 2019 (LBO) – Following the announcement this week that the University of Technology Sydney (UTS) has become the world’s 140th ranked university, in addition to being Australia’s number 1 ranked young university (under 50 years of age), it has confirmed it will open a pathway college in Sri Lanka. The pathway college, to […]
CICT voted best container terminal in Asia
Jun 21, 2019 (LBO) – The CMPort managed Colombo International Container Terminal (CICT), the only deep water terminal in the Port of Colombo, has been voted the best container terminal in Asia in the under four million TEUs category at the prestigious asian freight, logistics and supply chain (AFLAS) awards hosted and presented by asia […]
Samsung brings world’s first QLED 8K TV to Sri Lanka in partnership with Jaguar Land Rover
Samsung Sri Lanka today launched the world’s first QLED 8K TV in Sri Lanka in partnership with SML Frontier Automotive, sole agents for Jaguar Land Rover in Sri Lanka. The Samsung QLED 8K TV, a must-have for all luxury homes, comes with Real 8K Resolution, 8K AI Upscaling, Quantum Processor 8K, and Quantum HDR – […]
Moody’s cuts SL GDP forecast to 2.6-pct amid challenges of tourism, debt refinancing
Jun 20, 2019 (LBO) – Moody’s Investors Service have revised down their 2019 real GDP forecast to 2.6 percent from the previous estimate of 3.4 percent based on prospects for lower tourism arrivals and spending. Terrorist attacks of April 2019 will curb tourism, adding pressure to public and external finances, the firm said in their […]
Sri Lanka wins “Best Folklore Performance Award” at Seoul tourism fair
The Embassy of Sri Lanka in Republic of Korea in association with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized Sri Lanka’s pavilion at the Seoul International Tourism Industry Fair (SITIF) in the COEX exhibition center in Seoul from 06 to 09 June2019. All the major tourist destinations in Asia, Middle East, Europe, and Africa […]
Ambassador Rohan Perera pays farewell call on UN Secretary General
Jun 20, 2019 (LBO) – Permanent Representative of Sri Lanka to the United Nations in New York, Rohan Perera paid a farewell call on the UN Secretary General, Antònio Guterres on Tuesday, as he concludes his term as Sri Lanka’s Permanent Representative to the United Nations. During the farewell call, the Secretary General took the […]
Sri Lanka GDP accelarates to 3.7-pct in Q1 2019
June 20, 2019 (LBO) – Sri Lanka’s economic growth rate is estimated as 3.7 percent for the first quarter of 2019, data from the state statistics office show. The Gross Domestic Product (GDP) at constant (20 I0) prices for the first quarter of 2019 recorded as 2,326,273 million rupees and GOP reported for the first […]
Sri Lanka CB launch roadmap for sustainable finance
Jun 20, 2019 (LBO) – The Central Bank launched the roadmap for sustainable finance in Sri Lanka and hosted a high-level seminar for senior officers of financial institutions and stakeholders, recently. This was the national launch of the roadmap for sustainable finance which was unveiled globally in April 2019 at the sustainable banking network global […]
Sri Lanka to raise up to Rs 480bn debt under Active Liability Management Act
Jun 19, 2019 (LBO) – Cabinet nod has been received to move a resolution in Parliament to raise up to 480 billion rupees under the provisions of the Active Liability Management Act. Accordingly, taking into consideration the Public Debt maturity structure during the period from 2020 to 2029, the Central Bank has recommended to raise […]
Secretary Pompeo unable to visit Sri Lanka during upcoming travel to region: US Embassy
Jun 19, 2019 (LBO) – Due to unavoidable scheduling conflicts during his upcoming visit to the Indo-Pacific region that includes accompanying US President to the G20 Summit in Japan, Secretary Pompeo is unable to visit Sri Lanka as previously announced, the US Embassy in Colombo said. US Embassy in Colombo in a statement said that […]