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Sri Lanka targeting affordable renewable energy: DG PUCSL
Jan 13, 2016 (LBO) – Sri Lanka’s dependency on fossil fuels should be substituted with renewable options which are much greener and safer, a senior official said. “In total, in 2015 about 45 percent of energy was through renewable energy including large and small hydro, wind and others. This is a very healthy situation,” Damitha […]
Sri Lanka stocks up after 7 days of losses; bargain hunting
Jan 12, 2016 (LBO) – Sri Lankan stocks were up 0.31 percent after seven consecutive days of losses with gains in John Keels Holdings and Telecom stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 20.02 points at 6,554.37 down 0.31 percent. S&P SL20 closed 12.53 points down at 3,405.57 down 0.37 […]
CA Sri Lanka awards scholarships for top A level achievers
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), recently awarded scholarships to the highest three achievers at the 2015 GCE Advance Level Examinations (Commerce Stream) to kick start their professional journey as Chartered Accountants, following their exceptional performance at last year’s A/L exams. President Elect of CA Sri Lanka, Mr. Lasantha Wickremasinghe […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Sumila Gulyani PhD
Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for business, […]
PTL Watch: Bond yields drop further 20 to 25 bps
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Maersk Line to invest in Colombo Port expansion
Jan 13, 2016 (LBO) – Danish multinationals including Maersk Line and Novo Nordisk are seeking to invest in Sri Lanka, Danish Ambassador for Sri Lanka Peter Taksøe-Jensen revealed. Maersk Line has been the world’s largest container shipping company since 1996. It operates 604 container vessels across the world and calls on 343 ports in 121 […]
‘s subordinated debentures AA-
Jan 13, 2016 (LBO) – Fitch Ratings Lanka has assigned Commercial Bank’s proposed Basel II-compliant subordinated debentures of up to 7 billion rupees a final National Long-Term Rating of ‘AA-(lka)’. The final rating is the same as the expected rating assigned on 22 December 2015, and follows the receipt of documents conforming to information already received, […]
YouTube launches localized version in Sri Lanka
Jan 13, 2016 (LBO) – The most popular video sharing site in the world, YouTube on Tuesday launched its localized version for Sri Lanka, Google Asia Pacific Blog said. Users visiting the YouTube homepage from Sri Lanka will now be able to see videos and playlists that are popular in the country in local languages […]
Obama gives last state of the union address
Jan 13, 2016 (LBO) – U.S. President Barack Obama gave his final state of the union address on Tuesday attempting to bridge an optimistic assessment of the nation’s progress with public anxiety over terrorism abroad. In a wide-ranging speech Obama painted a hopeful portrait of the nation after seven years in office. “As frustration grows, […]
”s Insurance commences trading on CSE
Jan 12, 2016 (LBO) – People’s Insurance rang the opening bell to commence trading at the Colombo Stock Exchange (CSE), Tuesday. “Our parent is part of the S&P index and our intention is to also be listed in this index in the future,” Amaratunga, Chairman said. “We are proud to be the latest addition to […]
ODEL donates its Kids’ play area to Lady Ridgeway Children’s Hospital
The Lady Ridgeway Children’s Hospital has become a brighter and happier place for its little patients and young visitors thanks to the generosity of ODEL. Sri Lanka’s favourite department store has donated the play area in the Kids’ section at its flagship store at Alexandra Place to the country’s premier paediatric hospital for the use […]
Sri Lanka stocks close with highest intra-day loss in 5 months
Jan 12, 2016 (LBO) – Sri Lankan stocks closed down at 1.74 percent for a seventh consecutive day with losses across the board as regional markets also dropped, brokers said. The Colombo benchmark All Share Price Index shed 115.97 points to end at 6,534.35 down 1.74 percent. S&P SL20 closed 71.00 points down at 3,392.04 […]