Category:
PTL Watch: Buying interest in short tenor and long tenor bonds
[pdf-embedder url="https://www.lankabusinessonline.com/wp-content/uploads/2015/11/18th-November-2015-PDF.pdf%22]
Range Rover unveils Evoque convertible
Land Rover has unveiled the world’s first luxury compact SUV convertible. Range Rover Evoque Convertible combines the bold design and refinement of Evoque with comprehensive specification and a sophisticated folding roof to create a no compromise, all-season convertible. The ground breaking and distinctive shape of the original Range Rover Evoque lends itself to an elegant […]
Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships
Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be built at Hambantota port, the group chairman said. “We are now aggressively working to become a leading LPG player in other Asian markets, and with this significant investment […]
Sri Lanka’s MTD launches Walkers Colombo Shipyard
Nov 18, 2015 (LBO) – Sri Lanka’s listed MTD Walkers has acquired a ship repair and ship building entity to expand its existing presence in the marine engineering sector.With this acquisition MTD Walkers has access to Mutwal harbor in Colombo which spans across 3.5 acres that will be utilized for ship repair and ship building. […]
Sri Lanka’s Sampath Bank net up 69-pct in Sept quarter
Nov 17, 2015 (LBO) – Profits at Sri Lanka’s Sampath Bank group rose to 1.9 billion rupees in September quarter, up 69 percent from a year earlier, helped by other operating income, despite higher loan losses, interim accounts showed.The group reported earnings of 10.92 rupees for the quarter. For the nine months to September the […]
US firms await clear policy to invest in Sri Lanka
Nov 17, 2015 (LBO) – Many businesses from the United States are willing to invest in Sri Lanka but are waiting more clear and consistent economic policy from the government, the US Ambassador said at the opening of the US trade fair in Colombo, Tuesday. “American companies are looking for safe investment opportunities,” Atul Keshap, US Ambassador […]
Sri Lanka stocks close up 0.2-pct: Gains in blue chips
Nov 17, 2015 (LBO) – Sri Lankan stocks closed up at 0.17 percent on Tuesday recovering from its four month low due to price increases in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed up 11.97 points at 6,977.95 higher 0.17 percent. S&P SL20 closed 9.30 points higher at […]
PTL Watch: Yield curve ticks up in thin trade
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2015/11/17th-November-PDF.pdf”]
Lux reinforces its enduring power…
Unilever’s House of Lux, a celebration of the enduring power of Fine Fragrances and all that’s feminine saw a gathering of the elite including beauty queens, film stars, models, corporates and socialites at the Cinnamon Grand on 16th of November, when this iconic beauty brand once again revolutionized the way women experience fragrances, by infusing […]
Fitch assign Mercantile Investments and Finance BBB- rating
Fitch Ratings Lanka has assigned Mercantile Investments and Finance PLC (MIF) a National LongTerm Rating of ‘BBB-(lka)’. The Outlook is Stable. The agency has also assigned the company’s outstanding senior unsecured debentures a National LongTerm Rating of ‘BBB-(lka)’.KEY RATING DRIVERS NATIONAL RATINGS MIF’s rating reflects its modest franchise stemming from its long operating history, satisfactory capitalisation and loanbook exposure to less […]