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Sri Lanka’s plantation ministry to build about 30 tea outlets for local market
Oct 02, 2015 (LBO) – Sri Lanka’s plantation ministry is planning to build 20 – 30 tea houses around Sri Lanka to sell export quality tea to local market who drinks dust tea being a nation of tea growers. “We have spoken about a concept that we wanted to introduced to the tea board,” Navin […]
UN resolution on Sri Lanka adopted unanimously
Oct 02, 2015 (LBO) – The UN Human Rights Council resolution on Sri Lanka was adopted unanimously with it calling for a judicial process including foreign judges, to investigate alleged war crimes during the islands 30 year conflict. The resolution debated among the 47 member states over two days was adopted by consensus and […]
Sri Lanka stocks up 0.4-pct, healthy foreign inflow
Oct 01, 2015 (LBO) – Sri Lankan stocks closed up 0.42 percent on Thursday with foreign investors activity rose to record the highest foreign participation after 17 months, brokers said. The Colombo benchmark All Share Price Index closed up 29.61 points at 7,080.48 higher 0.42 percent. S&P SL20 closed 10.18 points higher at 3,836.33 up […]
Miss Sri Lanka for Miss World finalists visits Arpico
A bevy of beautiful women added extra colour and glamour to Arpico Supercentres recently when the 15 finalists of the 2015 Miss Sri Lanka for Miss World pageant visited the Supercentres at Hyde Park Corner, Battaramulla and Dehiwela.Accompanied by the winners of the Miss Sri Lanka contests of 2012, 2013 and 2014, the women aspiring […]
Amalgamated DFCC Bank starts operations today
Oct 01, 2015 (LBO) – Amalgamated DFCC Bank has officially kick-started its commercial operations from today on-wards after receiving the approval from the registrar general on Thursday.The Bank has received the Certificate of Amalgamation in terms of Section 244 (1) (a) of the Companies Act.Accordingly, the DFCC Vardhana Bank has been amalgamated with DFCC Bank […]
” rating to HNB Grameen Finance
Fitch Ratings has assigned HNB Grameen Finance Limited a National Long-Term Rating of ‘A(lka)’ with a Stable Outlook.KEY RATING DRIVERS HGL’s rating reflects Fitch’s expectation of support from its parent, Hatton National Bank PLC (HNB; AA-(lka)/Stable). This view is based on HNB’s majority shareholding (51%), its involvement in the strategic direction of HGL through board […]
Mangala meets US Ambassador Samantha Power
Foreign Minister Mangala Samaraweera met the US Ambassador to the UN Samantha Power and Deputy Representative to the UN Michele Sison in New York.
PTL Report: 3-Year bond rises 30 basis points
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Sri Lanka’s Bank of Ceylon debenture oversubscribed
Oct 01, 2015 (LBO) – Sri Lanka’s state owned Bank of Ceylon said a listed debt offer for eight billion rupees had been oversubscribed Thursday and is closing on the same day.The bank offered 50 million debentures at 100 rupees each with an option to issue 30 million further.The basis of allotment is to be […]
‘s govt plans to intervene in tea prices with purchases of Rs300mn
Oct 01, 2015 (LBO) – Sri Lanka’s plantation ministry said that it plans to300 million rupees from the auction to artificially raise the price of tea with savings from the money that government subsided for tea small holders.“We have passed this proposal to ministry of economic affairs and policy which is under the prime minister,” […]
‘s smartphone market
Oct 01, 2015 (LBO) – HTC, a mobile phone manufacturer entered the Sri Lankan market with a portfolio of smartphones, a statement said. “We are pleased to launch our smartphones in the Sri Lankan market,” Faisal Siddiqui, President, HTC South Asia said. “All the HTC devices are stunning, intuitive and advanced in technology. Our new HTC desire […]
IronOne Gets Microsoft ISV Partner of the Year Award
IronOne Technologies is honored to announce that it has been awarded the Microsoft Independent Service Vendor (ISV) Award in the Sri Lanka region for its BoardPAC platform. “This is a tremendous achievement and we are immensely honored by this recognition,“ said Rajitha Kuruppumulle, COO for IronOne Technologies. “BoardPAC’s win reflects the company’s expertise in providing […]