Tag: lbo
The all new Volvo XC90model secures over 120 awards globally
Volvo cars, the world renowned Scandinavian car brand announced that it had won more than 130 international awards during the year 2015 and 2016 for the sophisticated new look of the Volvo range, its world-leading innovation and engineering excellence. The all new Volvo XC90 in particular proved to be a strong competitor in the […]
Opinion: Is it time to close the Dehiwela Zoo?
Jul 05, 2016 (LBO) – I long for a Sri Lanka where our animals enjoy the same freedom and protection from fear and harm as people do, and are respected and revered. Over the years, concerned citizens of Sri Lanka, organizations, visitors to the Zoo, and the media have highlighted issues of suffering and inadequate […]
Asian shares slide as investors ponder stimulus outlook
July 5 (Reuters) – Asian shares snapped a five-day winning streak on Tuesday as investors took stock of a rally driven by hopes that central banks will provide more stimulus to offset a likely downturn triggered by Brexit. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7 percent, but was still within reach of […]
Asia shares fall, bonds surge as Brexit fears resurface
July 6 (Reuters) – Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risk assets of all stripes. Concerns about the impact on already fragile global growth spread to commodity markets where oil prices were buckling […]
Sri Lanka tourist arrivals up 2.2-pct in June 2016
Jul 05, 2016 (LBO) – Sri Lanka’s tourist arrivals grew just 2.2 percent to 118,038 in June 2016 from a year earlier, with arrivals from India and China continuing their upward trend, government data showed on Monday. In the six months to June total tourist arrivals grew 16.2 percent to 964,267. Total arrivals hit a high […]
” to Sierra Cables PLC Fitch Ratings
Fitch Ratings has assigned Sri Lanka based cable manufacturer Sierra Cables PLC (Sierra) a National LongTerm Rating of ‘BB+(lka)’. The Outlook is Stable. Sierra’s rating reflects its established core business, which has an extensive product portfolio, modest but expanding market share and stable EBITDA margins. This is counterbalanced by exposure to cyclical endmarkets, risks associated […]
LBR LBO Summit to focus on brand innovation in the digital age
Jul 04, 2016 (LBO) – Sri Lanka’s leading digital strategists and regional thought leaders will take the stage at the 2016 edition of “LBR LBO Brand Summit,” themed “Building Winning Brands in the Digital Age and Strategy Innovation” Lanka Business Online, LBO, will be hosting the annual LBR LBO Brand Summit on Tuesday 12 July […]
Sri Lanka’s CCC welcomes new Governor, Urges Stakeholders to Support Restoring Confidence in CBSL
The Ceylon Chamber of Commerce warmly welcomes the appointment of Dr. Indrajit Coomaraswamy as the Governor of the Central Bank of Sri Lanka and extends to him its best wishes as he commences a 6 year term. Coomaraswamy, a much respected economist with a stellar track record both in Sri Lanka and overseas, is eminently […]
Asian stocks recoup losses, Aussie wobbles on uncertain election
July 4 (Reuters) – Asian shares shrugged off early losses and edged higher on Monday, while the Australian dollar was under pressure after no clear winner emerged from a weekend election. Activity across much of the region was subdued ahead of the U.S. Independence Day holiday, when financial and commodity markets will be closed. Investors also continued […]
Sri Lanka 1-wk rupee forwards edge down on importer demand
July 1 (Reuters) – Sri Lankan rupee one-week forwards ended slightly weaker on Friday as importer dollar demand surpassed late inward remittances ahead of Ramadan while nervous investors awaited the appointment of a new central bank governor, dealers said. One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee, ended at […]
Commercial Bank adds crosscurrency transactions to Online Banking
The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers between accounts maintained in different currencies other than Sri Lankan rupees. These transactions can be carried out between accounts maintained under a customers own namein eight major currencies including […]
Ceylon Cold Stores PLC Joins CSE to Open Trading for July
Ceylon Cold Stores (CCS) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to mark the first trading day for the month of July. Directors Mr. Ajit Gunewardene and Mr. Ronnie Peiris, President of the Consumer Foods Sector of JKH & Director Mr. Jit […]