Tag: lbo.lk
Asia stocks gains as crude oil surges after OPEC deal
TOKYO, Sept 29 (Reuters) – Asian stocks gained on Thursday in tandem with an oil price rally after OPEC members agreed to curb output – boosting investor risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6 percent. Commodity-heavy Australian shares advanced 0.6 percent and South Korea’s Kospi gained 0.7 percent. Japan’s […]
US based BlackRock shows interest in Srilankan airlines: Minister
Sep 28, 2016 (LBO) – Two global investment managers, US based BlackRock and TPG Capital, have shown interest in crisis-hit SriLankan Airlines which is looking for a partner, a minister said. “BlackRock and TPG Capital, two global investment management firms are among the interested parties in addition to some Chinese airlines,” Malik Samarawickrama, minister of […]
‘s gains, oil prices slide
TOKYO, Sept 28 (Reuters) – Asian stocks edged up early on Wednesday following an overnight rise for U.S. stocks, while reduced hopes that a meeting of major producers would reduce a oversupply weighed heavily on crude oil prices. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent. Australian stocks were up 0.5 percent […]
Cinnamon Life launch second residential tower ‘The Suites at Cinnamon Life’
(PRESS RELEASE) – Sri Lanka’s most iconic mixed development project, Cinnamon Life, announced the launch of ‘The Suites at Cinnamon Life’, the second residential tower to be constructed as part of a 4.5 million square foot integrated resort by Waterfront Properties (Private) Limited, a member of the John Keells Group. At the time of launch, […]
JAT Holdings, sponsors 4th Sri Lanka Wood International Expo 2016
(PRESS RELEASE) – JAT Holdings sponsored the recent 4th edition of the Sri Lanka Wood International Expo 2016 exhibition which culminated with great success at the BMICH in Colombo. Managing Director of JAT Holdings, Mr. Aelian Gunawardene said, “It gave us great pleasure to present this well-attended exhibition which afforded the excellent opportunity for players […]
‘s
Distinguished guests, ladies and gentlemen, Good morning to you all. I consider it a great pleasure and honor to speak to such a distinguished audience, at this national conference on Public-Private Partnerships (PPPs). It has become evident that an important trend in economic and social development is taking place in countries around the world. The […]
Asia stocks slip, yen gains on U.S. debate jitters
SYDNEY, Sept 27 (Reuters) – Uncertainty gripped Asian markets on Tuesday as investors braced for a potentially pivotal U.S. presidential debate, shunning stocks while favouring safe-haven bonds and the yen. Early jitters saw Japan’s Nikkei sink 1.4 percent to its lowest in seven weeks, while the dollar dropped to a one-month trough around 100.08 yen […]
Clinton, Trump clash over race and economy in first debate
HEMPSTEAD, N.Y., Sept 26 (Reuters) – Democrat Hillary Clinton accused Republican Donald Trump on Monday of having a long history of racist behavior during a heated presidential debate that could reshape the 2016 campaign for the White House. Clinton and Trump interrupted each other throughout the debate on topics ranging from foreign policy to the […]
Sri Lankan rupee slips on seasonal importer dollar demand
COLOMBO, Sept 26 (Reuters) – The Sri Lankan rupee ended weaker on Monday as seasonal demand for dollar from importers exceeded sales by exporters and banks, dealers said. The spot-next forwards, which were actively traded, ended at 146.38/48 per dollar, edging down from Friday’s close of 146.30/40. One-week forwards were at 146.50/68, weaker from Friday’s […]
Asian shares slip, U.S. presidential debate awaited
TOKYO, Sept 26 (Reuters) – Asian shares began the week under a cloud on Monday after losses on Wall Street, as investors’ attention turned from central banks to American politics ahead of the first U.S. presidential debate. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1 percent in early trade, while Japan’s Nikkei […]
Infrastructure: Sri Lanka should rethink housing for urbanizing population
Sep 23, 2016 (LBO) – Sustainable city development will need to entail alternative housing for urban poor as they are service providers for city dwellers, industrial hub and the ports while also looking at affordability for the middle income earner, a senior official said. “A paradigm shift is required. We need to rethink key areas […]
Asian stocks hold near 14-month peak on Fed relief
TOKYO, Sept 23 (Reuters) – Asian shares edged closer to 14-month highs on Friday while the dollar was on the defensive as investors grew more convinced that the Federal Reserve is settling into a phase of very gradual interest rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan was steady and within sight of […]