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Sri Lanka Muslim council condemns Paris attack
Nov 16, 2015 (LBO) – Sri Lanka’s Muslim council on Monday condemned the ‘un-Islamic’ act of killing innocents in Paris last Friday.Releasing a statement on behalf of the Muslim community in Sri Lanka, the council vehemently condemned and said terror has no place in Islam or in any civilized society.There is no theological basis for […]
Aitken Spence net down 38-pct amid fallen revenues
Nov 16, 2015 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation, said profits in the September 2015 quarter declined 38 percent to 361 million rupees from a year earlier.The group reported earnings of 0.89 rupees per share for the quarter compared with 1.43 rupees per share recorded […]
Sri Lanka stocks close down 0.5-pct: Banking and Telco losses
Nov 16, 2015 (LBO) – Sri Lankan stocks closed down at 0.51 percent on Monday with 18 week low as investors kept on the sidelines mainly on budget concerns and banking and telco stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower 35.83 points at 6,965.98 lower 0.51 percent. S&P […]
Comtrust Equity Fund up 9.6 pct for six months, outperforms ASPI
Comtrust Equity Fund, a Balanced Fund investing in both equity and fixed income, rose 9.6% for the six months ended 30 September 2015, recording an over performance of 6.2% vs. the benchmark All Share Price Index (ASPI), which rose 3.4% during the same time period. The Fund also beat the more liquid S&P SL20 index […]
PTL Watch: Mixed moves on bonds, uncertainty ahead of budget
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Sri Lanka sets standard for plugs and socket outlets
Nov 16, 2015 (LBO) – Sri Lanka’s Public Utility Commission said that it has decided to create an enabling environment to systematically move to using one type of plug and socket outlet.The commission has decided that the Type G plug and socket outlet , widely known as the 13 ampere plug and socket outlet, commonly […]
‘s Foreign Minister in Singapore
Foreign Minister Mangala Samaraweera met Singapore’s Foreign Minister Vivian Balakrishnan at the Foreign Ministry in Singapore on Friday the 13th.
Analysis: Asian, Sri Lankan equities attractive on GARY valuation, says CLSA
Nov 14, 2015 (LBO) – Some equities offer dividend returns as well as earnings growth. Called Gary stocks, these are an attractive value proposition in an Asian context, Desh Peramunetilleke, the head of microstrategy for Asian brokerage and investment firm CLSA, said. “The growth at a reasonable yield, Gary strategy, has delivered strong returns globally,” […]
Sri Lanka Telecom net down 70-pct in Sept
Nov 16, 2015 (LBO) – Sri Lanka Telecom said September 2015 quarter net profit fell 70 percent to 630 million rupees from 2014, interim accounts showed. The Company’s earnings per shares fell to 0.35 rupees for the September quarter from 1.15 rupees in 2014 while for the first nine months EPS fell 19 percent to […]
Markets react to uncertainty after Paris attacks
Nov 16, 2015 (LBO) – World markets reacted to uncertainty on Monday after attacks in Paris that killed 129 people. The Nikkei was down 0.92 percent at 2.00 GMT with traditional safe-haven investments such as gold, the US dollar, and Japanese yen opening stronger.Gold was up 0.83 percent, the euro fell 0.5 percent against the […]
Prof Razeen Sally explains economic outlook at 62nd LBR LBO CEO Forum
Professor Razeen Sally gives keynote speech on economic outlook at the April, 2015 62nd LBR LBO CEO Forum.
Sri Lanka on UNESCO executive board
Nov 16, 2015 (LBO) – Sri Lanka has been elected to the executive board of the United Nations Educational Scientific and Cultural Organisation (UNESCO) during the 38th General Conference in Paris, the foreign ministry said. “Sri Lanka was one of six countries that qualified to serve on the Executive Board from the Asia and Pacific Group […]