Tag: LBO.LBO.LK
NSBM Green University partners with American University, USA
Her Excellency Julie J. Chung, U.S. Ambassador to Sri Lanka “It is a proud moment to witness this partnership between American University and NSBM Green University—a powerful reflection of the enduring ties between the United States and Sri Lanka. The United States continues to attract the brightest minds and foster innovations that shape the future. […]
Sri Lanka’s stalled Colombo port city back on track
Dec 11, 2015 (LBO) – Sri Lanka’s is all set for the Chinese-built port city project to commence work soon, a media report said.“We have given all the necessary clearances.Now it is up to the investors to sort out the minor details,” Ravi Karunanayake, Sri Lanka’s finance minister told the South China Post newspaper. “On […]
Sri Lanka stocks close down 0.3-pct; Asian markets lower
Sep 10, 2015 (LBO) – Sri Lankan stocks closed down 0.32 percent on Thursday following losses in regional markets with telecom and beverage sector stocks showing losses, brokers said. The Colombo benchmark All Share Price Index closed down 23.31 points at 7,159.94 lower 0.32 percent. S&P SL20 closed 12.83 points lower at 3,924.25 down […]
Fitch Maintains Ceylon Income Fund on Rating Watch Negative
Aug 27, 2015 (LBO) – Fitch Ratings has maintained the ‘(A(lka))’ national fund credit quality rating of the Ceylon Income Fund on a negative rating, a statement said. The full statement follows: Fitch Ratings has maintained the ‘(A(lka))’ National Fund Credit Quality Rating of the Ceylon Income Fund on Rating Watch Negative. The National Fund […]
Asian stocks volatile, China market drops 8.4 pct
Aug 24, 2015 (LBO) – Shares in the Asian markets continued to fall as a result of the volatility in the Chinese stocks, foreign media reports said. Chinese shares continued their sharp fall on Monday as the mainland benchmark index, the Shanghai Composite, fell sharply by 8.4 percent to 3,211.75 points. Beijing announced over the […]
Sri Lanka E-tel launches smartphone with Sinhala operating system
Aug 03, 2015 (LBO) – Sri Lanka’s E-tel has launched a smartphone in the country with an operating system in Sinhala on the Android platform, a statement said. E-tel phones are manufactured in China and designed in Hong Kong and distributed in Sri Lanka by Brantel. The E-tel ‘Curiosity N2’ offers display icons, system commands […]
South Asia to grow 7.3 pct in 2015: ADB
July 29, 2015 (LBO) – South Asia is expected to grow 7.3 percent in 2015, up slightly from 7.2 percent seen earlier, with a better-than-expected economic performance in Bangladesh balancing the earthquake-related slowdown in Nepal, a new ADB report says. “In 2016, growth for the sub region is expected to expand to 7.6 percent,” a […]
Sri Lanka stocks close flat
Jun 24, 2015 (LBO) – Sri Lanka’s stocks closed flat, Wednesday with investors continuing to keep away from the market due to the prevailing uncertain political climate in the country, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed flat at 7,053.83 The S&P SL20 closed 11.06 points lower at 3,927.40 lower at 0.28 […]