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10,288 motor car registrations in Oct in Sri Lanka: JB Securities
Nov 11, 2015 (LBO) – October continued to recorded strong numbers for vehicle registrations in Sri Lanka although down from the record set in September, JB Securities said in a research note. LTV cap of 70 percent was in force during October so it may have had some impact on the slowdown, the note said. […]
” Day
Nov 11, 2015 (LBO) – Alibaba, the world’s largest online shopping website has made a record 3.9 billion dollars in sales in the first hour of Singles’ Day in China, foreign media reports said. Alibaba reported that shoppers spent about one billion US dollars in the first eight minutes and had clocked five billion after […]
Suu Kyi set to win majority in Myanmar election
Nov 11, 2015 (LBO) – Aung San Suu Kyi’s opposition is set to win a majority in Myanmar’s first free election in decades, although it is unclear if the party will secure the required two-thirds to appoint the next president by itself, media reports said.Suu Kyi’s National League for Democracy (NLD) is expected to secure […]
Interview: State enterprise strategic plan in progress, management skill the biggest issue, says Eran
Nov 11, 2015 (LBO) – Sri Lanka is in the process of making plans to restructure the state owned enterprises and boosting management skill levels, Deputy Minister of State Owned Enterprises Eran Wickramaratne told LBO in an exclusive interview. “We have lots of plans and we are right at the beginning. We are in the […]
‘s Candor 5-year unit trust public offer oversubscribed
Nov 10, 2015 (LBO) – Candor Opportunities Fund, managed by Candor Asset Management, issue offer of 50 million units was oversubscribed with the issue reaching applications for over 500 million, the fund said.“Therefore we will exercise the subscription offer,” the company said in a stock exchange filling. The issue offered 50 million units at 10 […]
LAUGFS launches mobile apps for iOS and android phones
LAUGFS recently launched its very own mobile application, providing customers with a single mobile platform to access a range of LAUGFS businesses from LAUGFS Gas and Supermarkets to Eco Sri and LAUGFS Car Care. Now LAUGFS customers can receive mobile alerts on the latest promotions, stay up-to-date with latest news and happenings, and receive location […]
6 Sri Lankan artistes honoured with Bunka Award 2015
The 22nd “Bunka (Cultural) Awards” ceremony, organized by the Japan Sri Lanka Friendship Cultural Fund, was held on Sunday 8th November at the Sri Lanka Rupavahini Corporation, Colombo 07. Hon. S. B. Navinna, Minister of Internal Affairs, Wayamba Development & Cultural Affairs graced the occasion as Chief Guest, while H. E. Mr. Kenichi Suganuma, Ambassador […]
Holcim Lanka inter-university competition 2015
Furthering its vision of building foundations for the future Holcim Lanka, a member of the Lafarge Holcim group partnered with the University of Peradeniya, Moratuwa and Ruhuna to conduct an innovative Concrete Mix Design Competition for the University’s Final Year Civil Engineering students. The objective of the competition was to impart practical and theoretical knowledge […]
Sri Lanka’s Hayleys profits up 6 pct to Rs629mn
Nov 11, 2015 (LBO) – Profits at Sri Lanka’s diversified Hayleys group rose 6 percent to 629 million rupees in the September 2015 quarter from a year ago supported by its transportation, activated carbon and textiles business, interim accounts showed. “The transportation and logistics sector contributed a notable increase to the bottom line during the […]
‘s EPF move
Nov 11, 2015 (LBO) – Sri Lanka’s new move to separate Employee Provident Fund from the Central Bank would only ensure more security to the fund and end conflict of interest, Deputy Minister of Foreign Affairs Harsha De Silva told reporters on Monday. “If someone says the employee provident fund (EPF) is safe with Central Bank, […]