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Govt increases taxes on sugar and potatoes
Sep 09, 2015 (LBO) – Sri Lanka increased the import tax on potatoes by 10 rupees per kilogram and commodity levy of imported sugar by 12 rupees today. online pharmacy with best prices today in the USA online pharmacy https://pharm.iiui.edu.pk/wp-content/themes/twentytwentytwo/templates/html/augmentin.html no prescription However controlled price remain unchanged at 95 rupees for packed sugar. Potato tax […]
Sri Lanka stocks close up 0.8-pct; More retail activity
Sep 09, 2015 (LBO) – Sri Lankan stocks closed up 0.83 percent on Wednesday with index heavy and banking sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed up 58.79 points at 7,183.76 higher 0.83 percent. S&P SL20 closed 22.94 points lower at 3,937.55 up 0.59 percent. Turnover was 647 […]
Is the smart city significant for Sri Lanka?
Lamudi Sri Lanka explains the potential of the first smart city of the nation The Government of Sri Lanka has announced their plan to convert Kandy as the first smart city in the country. The definition of the words “smart city” lies within. Bringing it down to the scale of mobile phones identifies the city […]
Interview: SriLankan to fly more to India, Japan, China; eyes profitability next year
Sep 09, 2015 (LBO) – The national carrier SriLankan Airlines is planning to cut some unprofitable routes and expand to India, Japan and China, Ajith Dias, chairman of the airline told Lanka Business Online. “We are now rationalizing our fleet and rationalizing where we are going. We are increasing our flights to China, because our […]
Sri Lanka cabinet gets three more ministers, new secretaries appointed
Sep 09, 2015 (LBO) – Three new cabinet ministers were sworn in before President Maithripala Sirisena at the Presidential Secretariat today. 1. Malik Samarawickrama – Minister of Development Strategies and International Trade 2. Vijith Wijayamuni de Soysa – Minister of Irrigation and Water Resource Management 3. Faizer Mustafa – Minister of Local Government and Provincial […]
Fitch to host Sri Lanka Investment Fund & Asset Management Forum
Sep 09, 2015 (LBO) – Fitch Ratings Lanka is to host its inaugural Investment Fund and Asset Management Forum next week, the rating agency said. Leading market participants, including issuers, investors, and bankers, will gather to listen to Fitch’s senior analysts, external guest speakers and panelists discuss developments in the asset management industry globally – […]
Sri Lanka stocks open up 0.2-pct as investor sentiment changes
Sep 09, 2015 (LBO) – Sri Lanka’s stocks opened 0.19 percent, Wednesday with investor sentiment changing and John Keells Holdings making gains in morning trade, brokers said. The Colombo benchmark All Share Price Index opened up 13.67 points at 7,138.09 up 0.19 percent. John Keells Holdings is trading at 175.90 rupees, up 0.70 rupees. “JKH […]
Netflix to enter Asia in 2016
Sep 09, 2015 (LBO) – Netflix, an on-demand internet and video streaming pioneer, with a subscriber base of 65 million in 50 countries will enter Hong Kong, Taiwan, Singapore and South Korea early next year, foreign media reports said. According to a press release that was posted in Chinese on its website and taken down, the […]
Sri Lanka should reduce oil prices: Gammanpila
Sep 09, 2015 (LBO) – Sri Lanka should pass the benefit of falling crude oil prices to consumers, Parliamentarian Udaya Gammanpila said. Speaking at a press briefing Gammanpila asked the government to reveal the reason as to why the reduction is being delayed. The benchmark US crude oil price has hit a six-year low recently […]
Sri Lanka’s John Keells to double hotel rooms over next 5 years
Sep 09, 2015 (LBO) – Sri Lanka’s John Keells Holdings plans to double its current 2,200 room capacity in the next 5 years, Ajit Gunewardene, the deputy chairman said.This includes the 800 rooms of Cinnamon Life iconic that the group is building. “By the middle of next year we would be constructing approximately 400 to […]
Govt agencies to be connected through GIS technology: ICTA
Sep 08, 2015 (LBO) – Geographic Information Systems (GIS) are fast becoming the platform of collaboration between organizations and the public mainly in the case of governments to enhance development, an official said.“All government buildings in Sri Lanka will be linked by high speed broadband to enable officials to share data and work in a […]
Sri Lanka sells 05, 08 and 15 year treasury bonds at 9.65–10.96-pct
Sep 08, 2015 (LBO) – The issue of treasury bonds amounting to 10 billion rupees have been oversubscribed with 60.3 billion rupees of bids received from investors.The Central Bank has accepted 3.7 billion rupees of 04 year and 08 month bonds maturing on 01 May 2020 at a weighted average yield rate of 9.65 percent. […]