Tag: lbo.lk
Sri Lanka stocks close up 0.3-pct for second straight day
Jun 15, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.33 percent for a second consecutive session with index heavy stocks making gains Monday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 17.69 points higher at 7,78.97 up 0.33 percent. The S&P SL20 closed 12.95 points higher at 3,926.96, up 0.25 […]
Sri Lanka stocks close up 0.1-pct following four days of losses
Jun 12, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.14 percent following four days of losses with index heavy stocks making gains Friday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 9.76 points higher at 7,061.28 up 0.14 percent. The S&P SL20 closed 7.99 points higher at 3,914.01 higher 0.20 […]
Sri Lanka stocks close down 0.2-pct; Foreigners net sellers
Jun 11, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.17 percent for the fourth consecutive day, Thursday with index heavy stocks making losses and foreign investors were net sellers , brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 11.93 points lower at 7,051.52 down 0.17 percent. The S&P SL20 closed […]
Singer Sri Lanka debenture oversubscribed
Jun 11, 2015 (LBO) – Singer Sri Lanka’s 15,000,000 rated senior secure redeemable debenture valued at 1,500,000,000 has been oversubscribed, the Company said in a stock exchange filling. The issue will close as per its prospectus this evening.The basis of allotment will be notified to the CSE later, the statement said.
‘s President appoints more advisors
Jun 11, 2015 (LBO) – Sri Lanka’s former Prime Ministers, Ratnasiri Wickremanayake and D. M. Jayaratne were appointed as senior political advisors to the President, a statement said.Wickremanayake, is currently a Member of Parliament and served as the Prime Minister from August 2000 to December 2001, during the regime of the People’s Alliance Government and […]
Sri Lanka stocks close down 0.6-pct; JKH reaches 52 week low
Jun 08, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.62 percent with losses in index heavy and banking stocks, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 44.07 points lower at 7,078.66 down 0.62 percent. The S&P SL20 closed 39.35 points lower at 3,924.33 down 0.99 percent. Turnover was 659 […]
Sri Lanka’s NDB to issue debenture
June 08, 2015 (LBO) – Sri Lanka’s National Development Bank says it will issue 75,000,000 debt with room to offer further.The company said that it will issue 75,000,00 rated , unsecured, subordinated, redeemable debentures with an option to issue up to a further 25,000,000 debentures at the discretion of the bank in the event of […]
Tourist arrivals in Sri Lanka up 26-pct in May 2015
Jun 06, 2015 (LBO) – Tourist arrivals in Sri Lanka increased 26 percent from a year earlier to 113,529 in May 2015, with growth in seen in the Chinese and Indian arrivals, data from the state tourist promotion agency showed.Chinese tourists were up 71 percent to 12,173 while Indian arrivals were up 38.2 percent to […]
John Keells Hotels says social media and online marketing will boost brand presence
June 5, 2015 (LBO) – Sri Lanka’s John Keells Hotels, a leading hotel operator with a portfolio of 11 hotels and 1,336 rooms in Sri Lanka and Maldives says that company’s social media strategy and online marketing strategy will help boost brand presence in the global tourism market. “Our Company remains positive that the newly […]
Netherlands To Explore Opportunities In Sri Lanka’s Dairy Sector
Jun 05, 2015 (LBO) – A Dutch delegation of dairy companies will visit Sri Lanka in June to explore doing business with local firms and support the island’s dairy industry, the embassy said in a statement.“This visit should result in long term business activities which will contribute towards economic development in Sri Lanka and the […]
Sri Lanka’s Finance ministry to fund halted projects in Colombo
June 5, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake yesterday said that the government will allocate 1,296 million rupees for 390 projects in the Colombo District which were halted due to lack of funding.“These projects should have been completed last year.But the government has not given funds,” Karunanayake told LBO. “So now we […]
Cycling Culture Can Help Cure Sri Lanka’s Road Congestion: Min Ranawaka
Jun 04, 2015 (LBO) – Cycling can help reducing the congestion on Sri Lanka urban roads and conserve energy, Minister of Power and Energy said. “A vehicle needs to travel at 60-70 km/h to be fuel economical, this was possible in the 1980’s in Colombo, but now it has become 8 km/h and in the […]