Category:
Uber officially launches in Sri Lanka
Dec 09, 2015 (LBO) – Uber, a global ride sharing company with an on-demand technology platform and app that connects commuters who need a ride and licensed drivers, announced the official launch of its uberX product in Colombo, Sri Lanka, Wednesday. “Demand for Uber is rapidly growing as more and more residents and tourists in […]
PTL Watch: T-bills yields up unexpectedly at auction
[pdf-embedder url="https://www.lankabusinessonline.com/wp-content/uploads/2015/12/09th-December-2015-PDF.pdf%22]
Sri Lanka alcoholic beverage demand sustainable despite higher prices: Fitch
Dec 09, 2015 (LBO) – Sri Lanka’s alcoholic beverages makers in will be able to pass on back-to-back increases in excise duties to consumers without worrying about them shifting to the more affordable illicit market, Fitch Ratings says in a new report..Full release follows: Fitch Ratings-Colombo-08 December 2015: Makers of alcoholic beverages in Sri Lanka […]
‘s Kvintradze
Dec 09, 2015 (LBO) – With the end of a war and recently built infrastructure, Sri Lanka businesses are well placed to benefit from new opportunities, Eteri Kvintradze, the resident representative of the IMF, said. Despite external vulnerabilities and concerns about fiscal consolidation, Sri Lanka can be competitive in the South Asia region, Kvintradze said. […]
Sri Lanka stocks close down 0.1-pct
Dec 08, 2015 (LBO) – Sri Lankan stocks closed down at 0.14 percent with losses in Ceylon Tobacco Company and Distilleries Company, brokers said. The Colombo benchmark All Share Price Index closed down 9.54 points at 6,849.09 down 0.14 percent. S&P SL20 closed 20.77 points higher at 3,653.70 up 0.57 percent. Turnover was at 982 […]
CA Sri Lanka launches Mobile App
In its continuing efforts to remain current and progressive, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched it’s corporate mobile app.The mobile app which was launched by the President of CA Sri Lanka Mr.Arjuna Herath, is available for users using mobile phones with Android, IOS and Microsoft operating systems. The CA Sri […]
PTL Watch: Little activity, bond yields tick higher
[pdf-embedder url="https://www.lankabusinessonline.com/wp-content/uploads/2015/12/08th-December-2015-PDF.pdf%22]
Sri Lanka exports fall 6 pct in September, imports down 5-pct
Dec 08, 2015 (LBO) – Sri Lanka external trade continued to contract in September with exports falling 5.9 percent to 850 million US dollars and imports falling 5.1 percent to 1,583 million US dollars, compared to the same month last year, official data showed. The Central Bank said industrial exports fell 4.7 percent to 636 […]
Sri Lanka’s tea exports continue decline
Dce 08, 2015 (LBO) – Sri Lanka’s tea exports continued to decline in September 2015 severely affected by lower demand from main tea buyers in Russia and the Middle East reflecting declines in both export volume and export prices. Tea exports recorded a drop of 20.4 percent in September this year compared to the corresponding […]
Oil prices drop to near 7-year low after OPEC meeting
Nov 08, 2015 (LBO) – Crude oil prices fell six percent to a near seven-year low after OPEC showed no signs of addressing a supply glut following a meeting on Friday.Brent crude was at 40.95 dollars per barrel, rebounding 0.54 percent on Tuesday. A stronger dollar, on the likelihood of a US rate hike, also […]
Emission cut pledges at COP 21, Beijing issues smog red alert
Nov 08, 2015 (LBO) – Just 10 nations are sitting on the sidelines of the Paris climate talks with talks entering their second week after 185 countries made pledges to reduce emission of greenhouse gases.So far the pledges, termed Intended Nationally Determined Contributions, are estimated to limit the temperature increase to 2.7 degrees Celsius. Although […]
SriLankan Airlines resumes operations to Chennai
Dec 07, 2015 (LBO) – Subsequent to the scheduled opening of the Chennai International Airport, SriLankan is to resume operations with the flights UL 127 and UL 128 tomorrow, the airline said. SriLankan has deployed an Airbus A330 aircraft for the flight UL 127 which will leave Colombo at 1345 hours to reach Chennai at […]