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Sri Lanka’s Cargills (Ceylon) December net down 3 pct
Feb 10, 2016 (LBO) – Profits of Sri Lanka’s Cargills (Ceylon) group, which has interests in retailing and fast moving consumer goods, fell 3 percent to 463 million rupees, interim accounts showed. The group reported earnings of 2.07 rupees per share for the quarter. Revenues rose 19 percent to 18.1 billion rupees and cost of […]
“Doing our best to live up to expectations of PM”: Harsha
Feb 10, 2016 (LBO) – Sri Lanka’s Deputy Minister of Foreign Affairs assures that although there is some frustration at the Prime Ministers level with regards to Foreign Ministry performance, they are doing their utmost to prove themselves. “We are a new and liberal government and we need to get on with it. Most importantly […]
PTL Watch: Selling in 2021, 2023 Sri Lanka bonds
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BOI briefs non-resident ambassadors, defence attaches at Koggala Zone
The BOI organized a special programme for 57 Non-resident Heads of mission and Defence Advisors and Defence Attaches who were visiting Sri Lanka to attend the 68th Independence Day celebrations in Colombo. The group which consisted of many Ambassadors and High Commissioners was visiting different parts of the Island under a programme organized by the […]
WSO2Con Asia 2016 guest speakers announced
(Media release) Mountain View, CA – February 8, 2016 – WSO2 today announced the guest speakers and featured keynotes for WSO2Con Asia 2016, including presenters from Capgemini, Codegen, and University of Stuttgart. Representing enterprise customers, partners and researchers, they will examine the market forces, technology developments, and best practices for advancing in the connected world. […]
Litro Gas posts Rs. 6bn gross profits, volume growth 22-pct in 2015
The national LPG (liquid petroleum gas) company marks 2015 a record year posting gross profits of over Rs.6 billion with significant increases in volumes (22pct) and market growth (acquiring a total 485,548 new connections). The market leader has grown its reach, to make LPG available in all areas of the island through a network of […]
Reduce military in North as first step in security reforms: UN HR Chief
Feb 10, 2016 (LBO) – Sri Lanka should reduce its size of the military in the North and the East as a first step towards security sector reforms in the country, UN HR Chief said. Concluding his four day visit to Sri Lanka yesterday, UN High Commissioner for Human Rights, Zeid Ra’ad Al Hussein told […]
Sanders beats Clinton, Trump leads in New Hampshire U.S. primary
Feb 10, 2016 (LBO) – Vermont Senator Bernie Sanders defeated Hillary Clinton in the New Hampshire Democratic primary, while Donald Trump led other Republican candidates tapping into working class angst that left the U.S. presidential elections wide open. With close to half the precincts reporting, Trump had received almost 34 percent of the vote, and […]
Sri Lanka’s port sector regulations and policies need to be updated: Arjuna
Feb 09, 2016 (LBO) – Sri Lanka needs to conduct open discussions and update its information, regulations and policies to provide solutions for ports and maritime sector issues, Minister of Ports and Shipping said in a statement. “All the information, regulations and policies in the sector should be updated to meet the current requirements of […]
ICRA Lanka assigns BBB rating to Softlogic Holdings
ICRA Lanka Limited, subsidiary of ICRA Limited, A Moody’s Investors Service Company has assigned an Issuer rating of [SL]BBB (pronounced S L triple B1) for Softlogic Holdings PLC (“SHL”/ “the Company”). ICRA Lanka has also assigned a rating of *SL+BBB for the Company’s LKR 1,000 Mn Senior Unsecured Redeemable debentures currently listed on the Colombo […]
Speaker rejects identifying joint opposition as independent group
Feb 09, 2016 (LBO) – Sri Lanka’s Parliament turned chaotic after the Speaker refused a request to identify the joint opposition as an independent group in Parliament. The Speaker told Parliament that he is not ready to identify joint opposition as an independent group though they can be provided more time to speak in the […]
Sarath Fonseka sworn in as Member of Parliament
Feb 09, 2016 (LBO) – Leader of the Democratic Party, Field Marshal Sarath Fonseka was sworn in as a Member of Parliament before Speaker Karu Jayasuriya, a short while ago. Working Committee of the United National Party yesterday unanimously approved to appoint Sarath Fonseka for the parliamentary seat left vacant by the death of Minister […]