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Sri Lanka stocks close flat on six week low
Oct 26, 2015 (LBO) – Sri Lankan stocks closed higher 0.03 percent on Monday low volumes traded, brokers said. The Colombo benchmark All Share Price Index closed higher 1.99 points at7,083.48 up 0.03 percent. S&P SL20 closed 6.00 points higher at 3,827.83 higher 0.16 percent. Turnover was 481 million rupees, down from 1.1 billion rupees […]
Google Product Marketing Head Takes on Advisory Role at Auxenta
Former Google Product Marketing Global Head Takes on Advisory Role at Auxenta Colombo, Sri Lanka –Auxenta is pleased to announce that technology entrepreneur Sanjeev Agrawal, perhaps best known as Google’s first global head of product marketing, has taken on the role of product strategy advisor at Auxenta. While at Google as Head of Product Marketing (May […]
PTL Watch: CBSL sells more than Rs45 bn bonds, demand builds
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Central banks may use negative interest rates as stimulus
Oct 26, 2015 (LBO) – Negative interest rates is a possibility in the United States following in the foot steps of interest rates pushed below zero in countries such as Sweden, Switzerland and Denmark, according to some analysts.Speaking in Colombo at the DFCC Economic Forum, Akshay Chinchalkar, head of charts and technical analysis for Bloomberg […]
India’s Sandal Lands mulls USD 25 mn FDI on Sri Lanka’s real estate
Oct 26, 2015 (LBO) – Sandal Lands (Pvt) Ltd of India said they are in talks with Sri Lanka’s urban development agency to seek opportunities to invest up to 25 million US dollars in residential or commercial property, looking at the strong growth prospects in island’s real estate market. The company plans to invest up […]
Janashakthi seals AIA’s general insurance business acquisition
Oct 26, 2015 (LBO) – Sri Lanka’s Janashakthi Insurance PLC said that it sealed the acquisition of AIA General Insurance Lanka Limited with 3.2 billion rupee payment. With the financial aspects of the transaction now complete, Janashakthi will commence amalgamation of AIA General Insurance Lanka Limited with Janashakthi General Insurance Limited, the company said.“In line […]
Commercial real estate market has high potential for ROI: analysts
Oct 26, 2015 (LBO) – The demand for Sri Lanka’s commercial property is growing and there will be high potential for return on investment, experts said. “Sri Lanka’s commercial real estate has high potential for return on investment (ROI),” Ravi Abeysuriya, group director of Candor, a financial consultancy service said. “Retail rental yields for commercial […]
Dividend tracker improves equity insights: SC Securities
Oct 24, 2015 (LBO) – Sri Lanka's SC Securities believes divided tracking is one way of gaining insights into equity performance in stocks listed on the Colombo Stock Exchange, especially with regard to past dividend payouts. In a report on 15 stocks, SC Securities shows how investors can track past dividend payouts. National Development Bank, […]
Fitch affirms ratings on five Sri Lankan banks
Oct 23, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed the National Long Term Ratings on five small and mid-sized Sri Lankan banks. The rating announcement is reproduced below. Nations Trust Bank PLC (NTB) has been affirmed at ‘A(lka)’, Pan Asia Banking Corporation PLC (PABC) at ‘BBB(lka)’, Sanasa Development Bank PLC (Sanasa) at ‘BB+(lka)’, […]
Sima Giselle calls Colombo Port
SIMATECH Shipping LLC, the world’s 27th largest carrier (Alphaliner – October 2015 ranking) celebrated its brand new Mv. Sima Giselle maiden port call on the 19th October 2015 at the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA).Mv. Sima Giselle the Singapore flagged vessel operated in the AGI (Asean – Gulf – Isc) […]
Sri Lanka stocks close up 0.2-pct
Oct 23, 2015 (LBO) – Sri Lankan stocks closed up 0.18 percent on Friday for a fourth consecutive day with gains in the leisure sector city hotels showing gains, brokers said. The Colombo benchmark All Share Price Index closed up 12.64 points at 7,081.49 up 0.18 percent. S&P SL20 closed 6.48 points higher at 3,825.55 […]
Sri Lanka accounting body calls for fiscal consolidation
Oct 23, 2015 (LBO) – Sri Lanka’s main accounting body has called for critical fiscal consolidation plan for both the revenue and expenditure sides of the government.“The government needs reforms in terms of structural changes as well as changes in the revenue and the expenditure sides,” President of CA Sri Lanka, Arjuna Herath said. Herath […]