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LSEG Technology voted Best Execution Management System Provider
• LSEG’s Millennium Exchange product recognised at 16thAnnual Waters Technology awards as Best Execution Management System • Voted for by readership of WatersTechnology across buy side, sell side, exchanges, trading houses, post-trade venues, inter-dealer market participants, technology vendors from around the world • LSEG Technology delivers critical infrastructure technology used by over 40 capital markets […]
President invites all to join hands and achieve sustainable development goals
Aug 08, 2018 (LBO) – Achieving sustainable development goals is to make the country and the nation victorious, Sri Lanka’s President Maithripala Sirisena said and invited all citizens including political leaders, academics, private sector, entrepreneurs and school children to join hands to achieve success in attaining these goals. He made these remarks participating in the launching […]
Tourist arrivals to Sri Lanka up 6-pct in July 2018
Aug 07, 2018 (LBO) – Tourist arrivals in Sri Lanka were up six percent to 217,829 in July 2018 from a year earlier, with double digit growth in the largest source market, India, official data shows. As at 31 st July 2018, 1,382,476 tourists had visited Sri Lanka for this year, a 13.7 percent growth […]
UPFA opposes giving opposition leadership to Joint Opposition
Aug 07, 2018 (LBO) – United People’s Freedom Alliance (UPFA) has opposed the request of Joint Opposition about the opposition leader post in the Parliament, political sources said.A letter signed by eight people in the Joint Opposition had been sent to the speaker requesting Dinesh Gunawardene be appointed as the leader of the Opposition.UPFA General […]
Land area of Mirigama Export Processing Zone to be expanded by 108 acres
Aug 07, 2018 (LBO) – Sri Lanka’s Board of investment says the Mirigama Export Processing Zone is presently expanding its land area by another 108 Acres, adding 31 industrial lots to the zone with an objective of facilitating more FDI into the country. The Mirigama Export Processing Zone (MEPZ) has contributed 14 million US dollars […]
Fin Min says NO changes for doctors paye tax only amend expenditure calculation process
Aug 07, 2018 (LBO) – The Finance Ministry yesterday announced the income tax level of doctors had not been reduced from 24 percent to 15 percent, but an agreement had been reached to amend the expenditure calculation process.Issuing a statement late last evening it said that no changes in the tax rate for the calculation of […]
Sri Lanka President says “NO” increase of salaries for Ministers and MPs
Aug 07, 2018 (LBO) – President Maithripala Sirisena says even though the Sunday newspapers published that the decision was made to increase the salaries of the Ministers and MPs by the consent of all the party leaders, it should be submitted to the cabinet and that he would never allow it to be approved. President […]
‘s Nations Trust Bank Records PAT of Rs1,875Mn
Aug 07, 2018 (LBO) – The Nations Trust Bank closed the six months period ending June 30, 2018 with a post-tax profit of 1,875 million rupees and a pre-tax profit of 3,882 million rupees, the Bank said in a statement. Net interest income increased by 35 percent mainly attributable to growth in volumes with a […]
Prime Finance (GSF) swings to profit, increases capital via rights issue, deposits top Rs2.6bn
August 6, 2018 (LBO) – Colombo Stock Exchange listed Prime Finance PLC (GSF) reported a profit of Rs29mn for the quarter ended June 2018.This was against a loss in the year ago June quarter.Deposits at the CBSL registered finance company were up more than 10% over the March 2018 quarter to stand at Rs2.66bn. Revenues […]
SOMAP makes mandatory offer to all shareholders of Anilana Hotels (ALHP)
August 6, 2018 (LBO) – Singapore incorporated company SOMAP has made a mandatory offer to acquire all outstanding shares in CSE listed Anilana Hotels (ALHP). The price of the offer is Rs1.30/share, and total outlay if all shareholders accept the offer will be over Rs600mn. The offer is being made due to the takeover rules […]
” with stable outlook
Fitch Ratings has affirmed Sri Lanka-based retailer Abans PLC’s (Abans) National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. A full list of rating action is at the end of this commentary. The affirmation reflects Fitch’s view that Abans will continue to make meaningful progress towards improving its net leverage, defined as lease-adjusted debt net […]
COPE summons CEB, PUCSL and Power Ministry over private power purchases
Aug 06, 2018 (LBO) – The Committee on Public Enterprises (COPE), has summoned Ceylon Electricity Board (CEB), Ministry of Power and Renewable Energy and Public Utilities Commission of Sri Lanka (PUCSL) to investigate the purchasing of electricity from private power plants and requested to table the reports with relevant information by tomorrow (07th). The Auditor General’s department […]