Tag: lbo.lk
Sri Lanka PM calls on middle class to invest in stock market
Dec 03, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickramasinghe said that the island’s mid income earners should be confident and not afraid to invest in the Colombo Stock Exchange.“The middle class must have a bigger stake in the shareholding in this country,” he said. “Over the last five years, there has been a […]
Sri Lanka Treasuries yields fall
Dec 02, 2015 (LBO) – Sri Lanka’s 6-month Treasuries yields fell 10 basis points to 6.30 percent at Wednesday’s auction, data from the state debt office showed.The 12-month yield fell six basis points to 6.86 percent while the three-month yield was down 38 basis points to 6.06 percent. The debt office offered 6 billion worth […]
Sri Lanka stocks close down 0.5-pct: Institutional activity
Dec 02, 2015 (LBO) – Sri Lankan stocks closed down at 0.47 percent for the sixth straight day on Wednesday with losses in John Keells Holdings and some banking stocks, brokers said. The Colombo benchmark All Share Price Index closed down 32.40 points at 6,862.79 down 0.47 percent. S&P SL20 closed 13.54 points lower at 3,637.80 […]
Sri Lanka’s Carsons to sell Malaysian, Indonesian plantations
Dec 02, 2015 (LBO) – Sri Lanka’s Carson Cumberbatch Group said four of it’s subsidiary would sell its Malaysian and Indonesian plantations subject to a feasibility study and approvals from regulators and shareholders. The four firms are Selinsing, Good Hope, Indo Malay and Shalimar, the Group said in separate stock exchange filling. “The firms also […]
Sri Lanka aims for high end tourists under Megapolis plan
Dec 02, 2015 (LBO) – Sri Lanka will streamline its tourist industry and move towards attracting high end visitors through the Megapolis and Western Province development programme, Minister Champika Ranawaka said.“While developing IT led innovation towns from Homagama to Malambe under the Megapolis project we have also chosen Aluthgama to be converted into a high-end […]
Sri Lanka stocks close down 0.20-pct
Dec 01, 2015 (LBO) – Sri Lankan stocks closed down at 0.20 percent for the fifth straight day on Tuesday on sustained selling pressure triggered by weak domestic cues, brokers said. The Colombo benchmark All Share Price Index closed down 13.96 points at 6,895.19 down 0.20 percent. S&P SL20 closed 6.35 points lower at 3,651.69 down 0.17 […]
Embark’s new Christmas concept – product range a call to ‘Love the Fashion, Feel the Passion’
This season, Embark, the unique fashion label with a cause, has promised ‘a shopping experience from the heart’ with a refreshingly sincere Christmas campaign involving its people, and a product range that reflects the compassion and commitment that the programme is all about.Faces from Embark’s very own team, along with passionate individuals who are committed to make a […]
Oman Air celebrates six years of successful operations in Sri Lanka
The national airline of the Sultanate of Oman, Oman Air recently celebrated six years of successful operations in Sri Lanka. Over the years, Oman Air has experienced momentous growth in Sri Lanka and has gained a reputation for offering affordable flights, a luxurious travel experience and world-class standards of service. Commenting on the occasion, Gihan […]
Sri Lanka’s CIC sells Chemifix trademark for Rs345mn
Nov 30, 2015 (LBO) – Sri Lanka’s CIC Holdings, who have investments from agriculture to paints said it has sold its Chemifix trademark and other brands associated with its adhesives business along with technical and commercial knowhow to Pidilite Lanka (Pvt) Ltd for 345 million rupees. In a stock exchange filling the company said that they […]
Sri Lanka stocks close down 0.75-pct: Near eight month low
Nov 30, 2015 (LBO) – Sri Lankan stocks closed down at 0.75 percent on Monday for a fourth consecutive day, recording the highest intra-day drop since September and closed at nearly eight month low, brokers said. The Colombo benchmark All Share Price Index closed down 52.26 points at 6,909.15 down 0.75 percent. S&P SL20 closed […]
Sri Lanka stocks close lower 0.04-pct: Continued loses in JKH and banks
Nov 27, 2015 (LBO) – Sri Lankan stocks closed down at 0.04 percent on Friday with losses in John Keells Holdings and some banks, brokers said. The Colombo benchmark All Share Price Index closed down 2.59 points at 6,960.78 down 0.04 percent. S&P SL20 closed 6.31 points lower at 3,698.69 down 0.71 percent. Turnover was […]
Commercial Bank hosts capacity building programme for Eastern dairy farmers
A capacity building programme conducted by the Commercial Bank of Ceylon recently for dairy farmers of the Kokkadicholai area in the Eastern Province benefitted 150 people involved in the industry. Jointly organised by the Bank’s Agriculture and Micro Finance Unit (AMFU) in Kattankudy, its Regional office – Eastern and the Kattankudy branch, the programme was conducted with […]