Tag: lbo.lk
CSE Rings Bell for Gender Equality
The CSE recently joined the Sri Lanka Institute of Directors (SLID), IFC – a member of the World Bank Group, UN Global Compact, UN Women, the World Federation of Exchanges, Women in ETFs and the Sustainable Stock Exchanges (SSE) Initiative to ring the opening bell for gender equality. These bell-ringing events are taking place in […]
Sri Lanka to move prison out of Colombo, shift key buildings
Mar 09, 2016 (LBO) – Sri Lanka’s government is planning to shift key government offices including the Prison, President and Prime Minister’s residences from Colombo and free land for development purposes, chairman of the Urban Development Authority said. “We want to move the Welikada Prison, which has about 50 acres, and it will be shifted […]
Sri Lanka stocks close down 2-pct at near two year low
Mar 04, 2016 (LBO) – Sri Lankan stocks closed down 2.02 percent with losses across the board following an announcement from the government to re-introduce Capital Gains Tax which has not been implemented in Sri Lanka from 1987, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 112.50 points at 5,934.72, down 2.02 […]
Sri Lanka’s Laugfs Gas expands into Dubai
Mar 08, 2016 (LBO) – Sri Lanka’s Laugfs Gas announced the expansion of it’s regional presence with a new business venture in Dubai Multi Commodity Center which commenced operations as a fully-fledged international energy trading business. Named as SLOGAL Energy, this fully owned trading arm of Laugfs Gas commenced operations from Dubai as a international energy […]
Aravinda to Chair new selection committee for Sri Lanka Cricket, Sanga included
Mar 08, 2016 (LBO) – Sri Lanka’s Sports Minister has appointed a new National Cricket Selection Committee with immediate effect following recent failures encountered by the team, a Ministry statement said. The committee will be chaired by Aravinda De Silva while Kumar Sangakkara, Romesh Kaluwitharana, Lalith Kaluperuma and Ranjith Madurasinghe will serve as members. The […]
Virtusa acquires majority interest in Polaris Consulting
Mar 07, 2016 (LBO) – Virtusa Corporation announced that its India subsidiary has acquired all of the outstanding shares of Polaris Consulting and Services held by Arun Jain, founder and chairman of Polaris, the company said in a statement. “Virtusa Corporation announced that its India subsidiary, Virtusa Consulting Services Private Limited, has acquired all of the […]
Sri Lanka stocks close lower 0.06-pct
Mar 04, 2016 (LBO) – Sri Lankan stocks closed lower at 0.06 percent with losses in some index heavy stocks, stocks, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 3.61 points lower at 6,057.22 down 0.06 percent. The S&P SL20 closed 1.60 points lower at 3,204.50 down 0.05 percent. Turnover was 334 […]
Sri Lanka’s first attempt to conquer Everest
Set to make history for the country, JayanthiKuru-Utumpala and Johann Peries will be the first Sri Lankans to attempt the 8,488m climb to the summit of Mount Everest, inApril 2016. The duo will take Sri Lanka to the top of the world alongside a team led by the International Mountain Guides (IMG), a globally renowned […]
Interview: Sri Lanka’s national carrier eyes turnaround
Mar 02, 2016 (LBO) – SriLankan Airlines is poised for a shift in strategy, ranging from privatisation to network restructuring, in a bid to achieve sustained profitability, Ajith Dias, chairman of SriLankan Airlines told the Oxford Business Group. SriLankan Airlines has been faced with an increasingly difficult operating environment as rising competition, tighter margins and […]
China positive on trade, investment says Malik after visit
Mar 02, 2016 (LBO) – China is positive about Sri Lanka’s prospects as a strategically located platform for trade, investment and tourism, a statement issued following Minister Malik Samarawickrama’s recent visit to China said. “They saw opportunities for strengthening bilateral cooperation and looked forward to Prime Minister Ranil Wickramasinghe’s visit to China in April to […]
LOLC opens trading at the CSE
Lanka ORIX Leasing Company PLC (LOLC) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. Mr. Vajira Kulatilaka, Chairman of CSE speaking at the event stated “We thank the LOLC Group for taking part in this market opening ceremony, which marks the first day of trading for the month of […]
US calls on Sri Lanka to join Indo-Pacific Economic Corridor
Mar 01, 2016 (LBO) – United States called Sri Lanka to strengthen cooperation on issues of regional importance through multilateral organizations like the Indian Ocean Rim Association. “The United States encouraged Sri Lankan participation in its Indo-Pacific Economic Corridor initiative to increase economic connectivity among South Asian countries and with Southeast Asia, which is congruent […]