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Sri Lanka stocks close up 0.1-pct, high institutional activity
Dec 11, 2015 (LBO) – Sri Lankan stocks closed up at 0.12 percent after five consecutive days of losses on Friday with gains in Nestle Lanka and high institutional activity, brokers said. The Colombo benchmark All Share Price Index closed up 8.44 points at 6,832.35 up 0.12 percent. S&P SL20 closed 5.26 points up at […]
Sri Lanka’s stalled Colombo port city back on track
Dec 11, 2015 (LBO) – Sri Lanka’s is all set for the Chinese-built port city project to commence work soon, a media report said.“We have given all the necessary clearances.Now it is up to the investors to sort out the minor details,” Ravi Karunanayake, Sri Lanka’s finance minister told the South China Post newspaper. “On […]
PTL Watch: Bond yields up 100 bp for the week
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Sri Lanka signs International Convention on Enforced Disappearances
Dec 11, 2015 (LBO) – Sri Lanka on Thursday signed the International Convention for the Protection of All Persons from Enforced Disappearances at a ceremony held at the Treaty Section of the United Nations.Acting Permanent Representative A.S. Khan signed this Convention on behalf of the Government of Sri Lanka, becoming the 95th country to sign […]
Aitken Spence Travels hosts Top Travel agents from Egypt
Top travel agents from Egypt were hosted in Sri Lanka by Aitken Spence Travels for a five-day educational tour in collaboration with the Sri Lankan Embassy in Cairo and airline partner Emirates Airlines recently. The objective of the familiarization visit was to give them a first-hand experience of the product on offer and ensure that […]
“I Paid A Bribe” anti-corruption website launched in Sri Lanka
Dec 11, 2015 (LBO) – Sri Lanka’s government and I Paid A Bribe Sri Lanka has launched a “first of its kind” anti-corruption website www.ipaidabribe.lk to crowd source reports on corruption. President Maithripala Sirisena and Chairman of the Commission to Investiate Allegations of Bribery or Corruption (CIABOC), Dilrukshi Dias Wickramasinghe, were present at the launch […]
Sri Lanka female labor force participation could boost productivity: Kvintradze
Dec 11, 2015 (LBO) – Sri Lanka needs labor market reforms including boosting of female labor force participation rate, a senior International Monetary Fund official said.“If you look at labour force participation across the globe and especially in Sri Lanka you see there is a huge opportunity to boost labour force participation,” Eteri Kvintradze Resident […]
Leapset Engineering rebrands as CAKE LABS
Dec 11, 2015 (LBO) – Tech outfit Leapset Engineering has rebranded as CAKE LABS after having changed its US name from Leapset to CAKE. “We wanted to better align ourselves with what we stand for,” Shanil Fernando, managing director of CAKE LABS told reporters Thursday. “We strive to make restaurant owners’ lives easier, and CAKE […]
Govt. to call bids from local contractors for Central Expressway stage III
Dec 10, 2015 (LBO) – The cabinet has decided to select local contractors and supervision consultants for the Central Expressway Project stage III which is to be built from Pothuhera to Galagedara.As per Wednesday’s cabinet decision, contractors will be selected through competitive bidding under 05 packages, each of a length between 4.5km – 7.5km. The […]
Sri Lanka stocks close down 0.3-pct:Turnover high
Dec 10, 2015 (LBO) – Sri Lankan stocks closed down at 0.26 percent for a fifth consecutive day, Thursday with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 17.64 points at 6,823.91 down 0.26 percent. S&P SL20 closed 3.44 points down at 3,612.01 down 0.10 percent. Turnover […]
” rating
Fitch Ratings Lanka has assigned Sri Lanka-based Sunshine Holdings PLC (Sunshine Holdings) a National Long-Term Rating of ‘A(lka)’ with a Stable Outlook.Sunshine Holdings’ rating reflects the defensive nature of its key operating subsidiaries, their leading market positions and strong free cash flow (FCF) generation.The rating also takes into account Sunshine Holdings’ low group leverage, which […]
USD100mn from ADB to strengthen SME sector in Sri Lanka
Dec 10, 2015 (LBO) – The cabinet nod has been given to a 100 million US dollar project to strengthen the Small and Medium Scale Entrepreneur field in Sri Lanka.The project will be funded by the Asian Development Bank.The cabinet has also approved to draft a new bill to facilitate Secured Transactions instead of the […]