Tag: lbo.lk
Sri Lanka stocks close higher 0.05-pct
Jan 28, 2016 (LBO) – Sri Lankan stocks closed higher 0.05 percent with gains in some tobacco and beverage stocks, brokers said. The Colombo benchmark All Share Price Index closed higher 3.34 points at 6,319.89 up 0.05 percent. S&P SL20 closed 4.35 points up at 3,279.77 up 0.13 percent. Turnover was at 548 million rupees, […]
Emirates to increase daily flights to Colombo
Jan 27, 2016 (LBO) – Emirates, a Middle-Eastern airline, said that they would be adding an additional daily flight to Sri Lanka between Dubai and Colombo. The new flight will be effective from 1 August 2016. Emirates will operate five daily flights between Dubai and Colombo every day except Wednesdays when it will operate four […]
Sri Lanka commercial property demand will expand with FDI: Regus
Jan 27, 2016 (LBO) – Sri Lanka’s commercial property market will see a rise in demand as local firms expand their businesses and foreign firms start setting up in the island, a global work-space provider said. “There is huge demand for the commercial property in post war Sri Lanka and in the last 12 months the […]
Sri Lanka stocks closed down 0.5-pct
Jan 26, 2016 (LBO) – Sri Lankan stocks closed down 0.50 percent with the negative sentiment of the investors continuing for a second consecutive day with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 31.96 points at 6,322.87 down 0.50 percent. S&P SL20 closed 22.23 points down […]
Sri Lanka commits to protecting endangered wildlife: Minister
Jan 26, 2016 (LBO) – Sri Lanka has emphasized its commitment to protect endangered wildlife species at the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) on the side-lines of the 66th standing committee meeting of CITES held in Geneva, recently. “The government had decided to destroy a confiscated blood ivory […]
Sri Lanka stocks closed down 0.4-pct; Turnover at near 4 week low
Jan 25, 2016 (LBO) – Sri Lankan stocks closed down 0.43 percent with the negative sentiment of the investors continuing after two days of gains with losses in index heavy and banking stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 27.41 points at 6,354.83 down 0.43 percent. S&P SL20 closed 11.44 […]
Laugfs launches virtual shopping site in Sri Lanka
Jan 25, 2016 (LBO) – Sri Lanka’s Lfinity Pvt Limited, a subsidiary of Laughfs Holdings, announced the launch of a virtual hyper mall, ‘clickNshop.lk’, a statement said. This is the latest e-commerce site for Sri Lankan shoppers and offers a selection of over 2,000 products and services for everyday needs and guaranteed 2-3 day island-wide […]
Sri Lanka’s Norochcholai to add 900MW to national grid
Jan 25, 2016 (LBO) – Sri Lanka’s Minister of Power said the Norochcholai coal power plant will add 900 megawatts of electricity to the national grid this week. “The aim of the plant is to produce 5,300 million watts in 2016,” Ranjith Siyambalapitiya, Minister of Power and Renewable Energy said. The total contribution to the […]
Sri Lanka stocks closed up 1.6-pct
Jan 21, 2016 (LBO) – Sri Lankan stocks closed up 1.59 percent after four days of losses with gains across the board as regional markets were also all in the green, brokers said. The Colombo benchmark All Share Price Index closed higher 99.38 points at 6,360.56 up 1.59 percent. S&P SL20 closed 44.61 points up […]
China eyes more investment opportunities in Sri Lanka: PM (VIDEO)
Jan 21, 2016 (LBO) – Prime Minister Ranil Wickremesinghe said in Switzerland that Sri Lanka is expecting more investments from the China apart from the ongoing infrastructure projects. “Infrastructure alone is not sufficient and we are discussing bringing more Chinese investments,” Wickremesinghe said at a press conference held during the World Economic Forum in progress in […]
Sri Lanka stocks closed down 0.3-pct
Jan 20, 2016 (LBO) – Sri Lankan stocks closed down 0.35 percent for a fourth consecutive session with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 22.06 points at 6,261.18 down 0.35 percent. S&P SL20 closed 9.91 points down at 3,251.39 down 0.30 percent. Turnover was at […]