Tag: lbo.lk
‘s Sugar, Cement, Pharmaceuticals, Dairy and IT sectors
A high powered Business Delegation from Pakistan led by Hon. Khurram Dastigir Khan, Minister of Commerce of Pakistan visiting Sri Lanka and met with the State Minister of International Trade Hon. Sujeewa Senasinghe at the BOI. Senior officials from the BOI and the officials from the Respective Ministries and Departments participated at these meetings with the purpose of […]
China Construction to carry out free feasibility for Sri Lanka’s eastern rail line
Nov 12, 2015 (LBO) – Sri Lanka’s Cabinet spokesperson, Minister Rajitha Senaratne said the government has approved a free feasibility to be carried out by China State Construction Engineering Corporation for the islands north central and eastern railway lines. The feasibility will focus on the rail tracks from Maho to Batticaloa and Galoya to […]
Sri Lanka stocks close down 0.2-pct: Budget concerns
Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.18 percent on Thursday a third consecutive session with investors keeping on the sidelines over budget concerns, brokers said. The Colombo benchmark All Share Price Index closed down 12.88 points at 7,006.35 lower 0.18 percent. S&P SL20 closed 9.39 points lower at 3,781.22 down 0.25 […]
Sri Lanka to amend Fisheries act, increase penalties for offences in international waters
Nov 12, 2015 (LBO) – Sri Lanka will change the law on governing the operation of fishing vessels in international waters, cabinet spokesman Minister Rajitha Senaratne said. “Cabinet of Ministers has approved the amendment of the Fisheries’ and Aquatic Resources Act 02 of 1996 for the increase of penalties for the offences done in the […]
‘s Kishore Reddy
Nov 12, 2015 (LBO) – Sri Lanka’s real estate market’s full potential needs to be tapped through big investments funds which can pave the way for the island to join its regional counterparts, a property developer said. “The big real estate investment funds and investors have not come to Sri Lanka yet and some of […]
Sri Lanka Treasury bill yields down
Nov 11, 2015 (LBO) – Sri Lanka’s 12-month Treasury bill yields were down by 6 basis points from 7 percent to 6.94 percent while the six months bill were rejected, data from the state debt office showed.The Central Bank offered 20 billion worth of Treasury bills today and the auction was oversubscribed by 4.4 times with […]
Sri Lanka stocks close down 0.4-pct: Banking losses
Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.44 percent on Wednesday with low investor activity ahead of next week’s budget with losses in some index heavy and banking sector stocks , brokers said. The Colombo benchmark All Share Price Index closed down 30.98 points at 7,019.23 lower 0.44 percent. S&P SL20 […]
” Day
Nov 11, 2015 (LBO) – Alibaba, the world’s largest online shopping website has made a record 3.9 billion dollars in sales in the first hour of Singles’ Day in China, foreign media reports said. Alibaba reported that shoppers spent about one billion US dollars in the first eight minutes and had clocked five billion after […]
‘s Candor 5-year unit trust public offer oversubscribed
Nov 10, 2015 (LBO) – Candor Opportunities Fund, managed by Candor Asset Management, issue offer of 50 million units was oversubscribed with the issue reaching applications for over 500 million, the fund said.“Therefore we will exercise the subscription offer,” the company said in a stock exchange filling. The issue offered 50 million units at 10 […]
US General Electric seals USD2.6 bn deal to build Indian trains
Nov 10, 2015 (LBO) – General Electric, an American multinational conglomerate, has won a contract to build new trains for the Indian government, foreign media reports said. The contract is worth 2.6 billion US dollars and will provide the country with 1,000 new diesel trains over the next 11 years.“The deal includes a 200 million […]
Special cabinet meeting Monday to discuss Avant Garde issue
Nov 06, 2015 (LBO – Sri Lanka’s President Maithripala Sirisena has called a special cabinet meeting on Monday to discuss the Avant Garde issue, Cabinet Spokesman, Minister Rajitha Senaratne told reporters on Friday.“We have already informed our stance in this regard and will take a further decision only after Mondays meeting,” Minister Rajitha Senaratne said. […]
Infrastructure: Sri Lanka’s mass transit success lies with land use management, says Nayana Mawilmada
Nov 06, 2015 (LBO) – Sri Lanka’s plans for mass transit specially in Colombo must ensure that it stays linked to real-estate developments to make it viable, the director general of the Urban Development Authority said at the LBR LBO Infrastructure Summit. “Introduction of mass transit is a critical step and a game changer for […]