Tag: lbo.lk
India Orders More Tests on Maggi as court lifts ban
Aug 14, 2015 (LBO) – India has ordered further tests on Maggi, a popular noodle brand before the product can go back on sale following a court overturning a government ban on the product, Thursday, foreign media reported.“We have examined the evidence in great detail.Since the petitioner Nestle has already agreed not to make and […]
Sri Lanka sells USD172 million floating rate bonds
Aug 13, 2015 (LBO) – Sri Lanka has sold 172.3 million dollars of floating rate bonds with tenors of 1 year 7 months and 2 year 5 months, the state debt office said in a statement. The debt office sold 78.10 million US dollars of 1 year 7 month bonds at 349.47 basis points above […]
Sri Lanka stocks close down 0.4 -pct: Profit taking
Aug 13, 2015 (LBO) – Sri Lanka’s stocks closed down 0.39 percent on Thursday, with losses in some index heavy and Telecom stocks and investors taking profit, brokers said. The Colombo benchmark All Share Price Index closed 29.15 points lower at 7,442.75 down 0.39 percent. The S&P SL20 closed 24.51 points lower at 4,128.24 down […]
Asian stocks rise, Yuan lower for third consecutive day
Aug 13, 2015 (LBO) – Asian shares extended early gains on Thursday following a recovery on Wall Street and efforts by China’s central bank to slow the sharp descent of the yuan, foreign media reports said. The Shanghai Composite rose by 0.8 percent to 3,916.68 points in early trading, Thursday on hopes the lower yuan […]
Sri Lanka stocks close up 1.2-pct
Aug 11, 2015 (LBO) – Sri Lanka’s stocks closed up 1.20 percent on Tuesday, with gains seen across the board on hopes of political stability after the August 17 parliamentary elections and better corporate earnings in the April-June quarter, brokers said. The Colombo benchmark All Share Price Index closed 88.87 points higher at 7,466.81 up […]
Sri Lanka gets Rs.26bn JICA loan to uplift national power grid
Aug 11, 2015 (LBO) – Sri Lanka’s government will get a 26 billion rupee concessional loan from the Japanese government through the Japan International Cooperation Agency, JICA to develop its national power transmission and distribution network, a statment said.The agreement was signed, Tuesday on behalf of the Sri Lankan govenment by R.H.S. Samarathunga, secretary, Ministry […]
Sri Lanka stocks close higher 0.10-pct
Aug 10, 2015 (LBO) – Sri Lanka’s stocks closed higher 0.10 percent on Monday, with gains in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed 7.34 points higher at 7,377.94 up 0.10 percent. The S&P SL20 closed 7.14 points higher at 4,104.36 up 0.17 percent. Turnover was 1.3 billion […]
Sri Lanka stocks close lower 0.09-pct
Aug 07, 2015 (LBO) – Sri Lanka’s stocks closed lower 0.09 percent on Friday, with losses seen in some index heavy stocks and investors taking profits, brokers said. The Colombo benchmark All Share Price Index closed 6.64 points lower at 7,370.60 down 0.09 percent. The S&P SL20 closed 5.36 points higher at 4,097.53 up 0.13 […]
Sri Lanka’s Expolanka net up 28-pct in June quarter
Aug 06, 2015 (LBO) – Group profits at Expolanka Holdings with interest in logistics rose 28 percent to 222 million rupees in the June quarter from a year ago showing strong growth in freight and logistics business, the company said in a stock exchange filing. Earnings per share rose to 11 cents in the quarter […]
Sri Lanka stocks close up 0.8 -pct: Six-month high
Aug 05, 2015 (LBO) – Sri Lanka’s stocks closed up 0.77 percent on Wednesday, with the market picking up after losses yesterday and positive investor sentiment due the upcoming parliamentary polls, brokers said. The Colombo benchmark All Share Price Index closed 56.26 points higher at 7,366.31 up 0.77 percent. The S&P SL20 closed 10.39 points […]
China tops tourist arrivals to Sri Lanka in July
Aug 05, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 31 percent from a year earlier to 175,804 in July 2015 with China becoming the top generating market, data from the state tourism promotion office showed. Chinese arrivals rose 65.5 perecnt to 25,120 from a year earlier, while the total in the seven months to […]
Sri Lanka’s PM says more to investigate on CB bond scam, a select committee to be appointed
Aug 05, 2015 (LBO) –Sri Lanka’s Prime Minister Ranil Wickremesinghe said the government has done every possible investigation on the alleged bond scam, but will further investigate through appointing a parliamentary select committee and submit a report to the parliament after the election.“What good governance means is that if there is an allegation you will […]