Tag: lbo
Sri Lanka stocks close down 0.5-pct
Feb 17, 2016 – Sri Lanka’s stocks closed down at 0.53 percent with low investor activity due to economic and policy uncertainty, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 33.34 points down at 6,220.82 down 0.53 percent. The S&P SL20 closed 0.43 points down at 3,242.31 down 14.00 percent. Turnover was […]
Sri Lanka’s hills to get new domestic airport
Feb 17, 2016 (LBO) – Sri Lanka’s Ministry of Transport and Civil Aviation said that a new domestic airport to land light aircraft’s will be constructed in Haputale, in the the island’s central hill country. “It will be for the purpose of landing light aircraft under the programme of promoting the internal airport network,” the […]
Alpha Fire Services launches new water mist technology to combat kitchen fires
Colombo. Tuesday 16 February 2016. Alpha Fire Services (Pvt) Ltd Sri Lanka will showcase the Proano Kitchen Water Mist Fire Suppression Systems, which are rapid and effective on kitchen (F/K class) of fires, at the forthcoming ‘Architect Exhibition’ to be held at BMICH from 18th to 21st February. Water Mist is nebulised fresh water distributed […]
President visits Holocaust Memorial & Jewish Museum in Germany (In Pics)
Feb 17, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena who arrived in Berlin on Tuesday (16) visited the Holocaust Memorial and the Jewish museum in the evening. The Holocaust Memorial in Berlin has been built to memorize the Jewish victims of the Holocaust. This, which has been designed by architect Peter Eisenman and engineer […]
Sri Lanka stocks close down 0.2-pct
Feb 16, 2016 – Sri Lanka’s stocks closed down at 0.19 percent with low investor activity and losses in Dialog Axaita and Hayleys, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 12.01 points down at 6,254.16 down 0.19 percent. The S&P SL20 closed 0.37 points down at 3,256.31 down 0.01 percent. Turnover […]
Oil Bills Shrink for Most APAC Sovereigns: Fitch
Feb 16, 2016 (LBO) – Falling oil prices – with the benchmark Brent crude having tumbled by 44 percent yoy as of 11 February 2016 and 75 percent from early 2013 – have had a mixed effect on Fitch-rated sovereigns in Asia, with Thailand being the top beneficiary and Vietnam and Malaysia most negatively affected, […]
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Fitch Ratings-Colombo-16 February 2016: Fitch Ratings has today assigned Hatton National Bank PLC’s (HNB, AA-(lka)/Stable) proposed subordinated debentures of up to LKR7bn a final National Long-Term Rating of ‘A+(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received, and the final rating is the same as the expected […]
New capital adequacy requirements for stockbrokers: CSE
Feb 16, 2016 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) is in the process of implementing a Risk-based Capital Adequacy Requirement (CAR) for stockbroker firms replacing the minimum net capital requirement of 35 million rupees, pending approval of the SEC, a statement said. “The Risk-based Capital Adequacy Requirement would replace the minimum Net Capital […]
Guru.lk launches course on how to make money on the Internet
Can individuals make money safely and legitimately on the Internet? The answer according to Guru.lk is yes, and Sri Lanka’s leading edutainment website has launched an online course to teach how. Available at just Rs 10/- per day, ‘How to do Online Jobs’ shows how any skilled person with imagination can market himself or herself […]
Poverty in Sri Lanka down, revenue shortfall a concern: World Bank
Feb 16, 2016 (LBO) – Sri Lanka has reduced poverty to below 7 percent of the population but future prosperity will depend on addressing chronic revenue short falls and fostering a more competitive and inclusive economy, the World Bank said in research findings announced today. “The Sri Lanka poverty assessment has found that the falling […]
Commercial Bank customers to receive discounts for Health Packages
The Commercial Bank of Ceylon has enhanced the value of its savings products for women and senior citizens through a partnership with the Asiri Group of Hospitals to offer customers in these categories an exclusive discount on selected diagnostic services. A Memorandum of Understanding signed by the two entities paves the way for holders of […]
Sri Lanka stocks close down 0.3-pct; Continued foreign outflow
Feb 15, 2016 – Sri Lanka’s stocks closed down at 0.27 percent for a seventh continuous session with continued foreign selling and some institutional participation witnessed, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 16.83 points down at 6,266.17 down 0.27 percent. 6,266.17-16.83-0.27% The S&P SL20 closed 4.70 points down at 3,260.24 […]