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SriLankan flight schedule changes due to BIA runway work
SriLankan Airlines wishes to advise its valued customers of changes to its schedule over a three-month period commencing from 06th January 2017 to 06th April 2017,due to the closure of Colombo’s Bandaranaike International Airport from 0830 hours to 1630 hours each day for maintenance work on the runway. The following flights have been cancelled. However, […]
Huawei introduces “King of Fingerprint” series launching GR5 Mini in Sri Lanka
(PRESS RELEASE) – Huawei, the fastest growing smartphone in Sri Lanka announced the launch of its latest addition to the G Series family GR5 Mini to the country. Huawei together with its national distributor Singer Sri Lanka PLC will market the product through the island for an introductory price of LKR 29,999 enabling all Sri […]
CA Sri Lanka launches CPD online tool for members
In it’s efforts to stay ahead with technological advancements and provide its stakeholders with a range of updated services for their convenience and further development, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched the Continuing Professional Development (CPD) Online Tool for the benefit of it’s members. The CPD Online Tool […]
Sri Lankan rupee stronger on foreign bank dollar sales
Aug 26, 2016 (Reuters) – The Sri Lankan rupee traded stronger on Friday as a foreign bank sold dollars while importers buying greenback slowed down as they awaited further appreciation, dealers said. The rise also comes as the government is increasing its three-year loan to 0 million from an initial target size of up to […]
Weather to impact Sri Lanka’s tea output in 2016: report
Aug 26, 2016 (LBO) – The impact of extreme weather conditions continues to take its toll on Sri Lanka’s tea crop which is now clearly poised to show a significant negative variance over last year, Forbes & Walker Tea Brokers said in their latest report. “The 33rd sale which concluded had on offer 5.3M/kgs. In […]
Uber loses USD1.2 bln in first half on pricing battles
Aug 26, 2016 (LBO) – Ride-hailing company Uber Technologies Inc told its private investors that losses increased in the second quarter, even in the U.S., according to a Bloomberg report. In the first quarter of this year, on the whole, Uber lost about 520 million dollars before interest, taxes, depreciation and amortization, according to sources. […]
LAUGFS Lubricants opens Sri Lanka’s first Tribology Park
Aug 26, 2016 (LBO) – LAUGFS Lubricants has opened Sri Lanka’s first Tribology Park at the BOI Export Processing Park in Nittambuwa, for research and innovation dedicated to the areas of friction and lubrication. The facility offers a cutting-edge research and development centre, providing solutions especially customized for Sri Lankan driving conditions, a statement said. […]
‘s ECT
Aug 26, 2016 (LBO) – Sri Lanka is seeking a partner from the Indian subcontinent to develop a port designed to be its deepest and accommodate the world’s largest container vessels, Shipping Minister Arjuna Ranatunga told the Indian Express. The Sri Lanka Port Authority (SLPA) is looking for a foreign investor with about USD 400 […]
JKH reduces Keells Food Products stake for minimum float
Aug 26, 2016 (LBO) – Diversified John Keells Holdings says subsidiaries of the company have sold around 2 percent of shares in Keells Food Products to meet the SEC’s minimum public float rule. 413,408 shares were disposed at 160 rupees per share at August 25th amounting to 2 percent of the company’s ultimate shareholding in […]
‘s rates signal
SINGAPORE/TOKYO, Aug 26 (Reuters) – Asian stocks were steady on Friday with modest losses in some markets and gains in others reflecting nervousness before a keenly anticipated speech by U.S. Federal Reserve Chair Janet Yellen. MSCI’s broadest index of Asia Pacific shares outside Japan was little changed as investors awaited some direction from Yellen on […]
‘s subordinated debt A+(lka) (EXP)
Fitch Ratings has assigned Hatton National Bank PLC’s (HNB; AA(lka)/Stable) proposed subordinated debenture issue of up to LKR6bn an expected National LongTerm Rating of ‘A+(lka)(EXP)’. The debentures, which will have tenors of five and seven years and carry fixed coupons, will be listed on the Colombo Stock Exchange. HNB expects to use the proceeds to strengthen its Tier […]
Sri Lanka opener T M Dilshan to retire from ODI Cricket
Aug 25, 2016 (LBO) – Sri Lanka’s opening batsman T M Dilshan has decided to retire from one-day cricket after the 3rd ODI in Dambulla, Sri Lanka Cricket announced. In a statement President of Sri Lanka Cricket Thilanga Sumathipala said Sri Lanka Cricket has decided to dedicate the 3rd ODI to be played on Sunday in Dambulla to […]