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At least 127 people killed in Paris shootings, blasts
Nov 14, 2015 (LBO) – At least 127 people have been killed in gunfire and blasts including a possible suicide bombing in Paris, officials said. Terrorists armed with AK-47s and some reportedly with bombs strapped to them attacked locations throughout the French capital and at a stadium where a soccer match was being played. Five […]
Sri Lanka stocks close lower 0.06-pct
Nov 13, 2015 (LBO) – Sri Lankan stocks closed down at 0.06 percent on Friday for a fourth consecutive session with more investor activity and volumes compared to Thursday with losses in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 4.54 points at 7,001.81 lower 0.06 percent. S&P […]
PTL Watch: Sri Lanka bond yields dip on local buying
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Sri Lanka’s Commercial Bank net down 2.4-pct in Sept quarter
Nov 13, 2015 (LBO) – Sri Lanka’s Commercial Bank group profit decreased 2.4 percent to 3.2 billion rupees for the three months ended September 30 compared with the same quarter last year, the bank’s interim results showed. The group reported earnings of 3.71 rupees per share for the quarter.Gross income increased 6.63 percent to 20.3 […]
Sri Lanka’s NDB net down 32-pct in September
Nov 13, 2015 (LBO) Sri Lanka’s National Development Bank PLC reported a 32 percent dip in profits to 855 million rupees in the September quarter of 2015 compared to the same period in 2014, interim report showed. NDB reported earnings per share of 5.13 rupees for the quarter, interim accounts filed with the Colombo Stock […]
Unusual U.S. financial market moves defy logic, say analysts
Nov 13, 2015 (LBO) – Several strange occurances in U.S. financial markets have raised eyebrows of market analysts amid a near-zero interest rate policy. U.S. interest rates have been near zero, with loose monetary policy followed for nine years, on the heels of the subprime mortgage crisis during the 2007-2009 period. This year some Scandinavian […]
‘s Sugar, Cement, Pharmaceuticals, Dairy and IT sectors
A high powered Business Delegation from Pakistan led by Hon. Khurram Dastigir Khan, Minister of Commerce of Pakistan visiting Sri Lanka and met with the State Minister of International Trade Hon. Sujeewa Senasinghe at the BOI. Senior officials from the BOI and the officials from the Respective Ministries and Departments participated at these meetings with the purpose of […]
Global growth prospects dim, slowest in six years: OECD
Nov 13, 2015 (LBO) – Global growth prospects have dimmed again with the global economy expanding by less than three percent in 2015, the weakest for six years, the OECD said launching its Economic Outlook, November 2015. Below the long-run average, this growth reflects further weakness in emerging market economies, recessions in Brazil and Russia […]
Acting Chief Justice takes oaths
Senior Supreme Court Judge, Justice Priyasad Dep took oaths as the Acting Chief Justice before President Maithripala Sirisena at the Presidential Secretariat today (12). Secretary to the President P. B. Abeykoon was also present at this occasion.
Need to re-double efforts to achieve USD1bn bilateral trade target
The Federal Minister for Commerce Engr. Khurram Dastgir Khan called on Sri Lankan President Hon. Maithripala Sirisena at President’s Secretariat last evening.The Minister for Commerce was accompanied by High Commissioner of Pakistan in Sri Lanka Maj. Gen. (R) Syed Shakeel Hussain, Deputy High Commissioner Dr.Sarfraz Sipra and Director Ahsan Riaz Chaodhry. The Sri Lankan Minister […]
Future diplomats visit ‘Colombo Tea Auction’
A group of new Foreign Service recruits visited the Colombo Tea Auction recently as a part of their induction program. The group of new recruits numbering to over 20 was led Mrs.Pamela J. Deen, Director General of the Bandaranaike International Diplomatic Training Institute, which conducts the ‘Intensive Induction Program’ on new recruits to the Foreign […]