Tag: lbo
Sri Lanka-India power link pre-feasibility complete: Kumarasinghe
Feb 02, 2016 (LBO) – Pre-feasibility studies for Sri Lanka India HVDC transformation link have already been done in collaboration with power grid India and CEB, a senior official said. “There is a big opportunity here,” Damitha Kumarasinghe, director general of Public Utilities Commission of Sri Lanka said. “Now India is connected to Bangladesh, Nepal, […]
Uga Escapes, unveils Chena Huts
Uga Escapes consolidated its position in the leisure industry this month by unveiling its newest addition to its range of luxury boutique hotels, Chena Huts, a chic hideaway nestled deep within Yala constructed with an investment of Rs. 800 million. The luxury boutique hotel is located on a seven-acre expanse of land and comprises 14 […]
Ministers should use social media for engagement: CPA media survey
Feb 01, 2016 (LBO) – A new media survey by the Centre for Policy Alternatives (CPA) reveals that government Ministers should utilize social media tools to keep in touch with the general public. “42.2 percent of respondents believe that it is necessary for Government Ministers to use social media to interact with the public, while […]
Janashakthi Insurance completes amalgamation with AIA general
Jan 31, 2016 (LBO) Sri Lanka’s Janashakthi Insurance said it has now successfully completed the amalgamation process of Janashakthi General Insurance and AIA General Insurance Lanka. The company acquired the latter for a sum of 3.2 billion rupees in October 2015. “The acquisition of AIA General Insurance Lanka Limited marked a significant step in our […]
Sri Lanka unveils Megapolis plan
Jan 29, 2016 (LBO) – Sri Lanka’s Western Region Megapolis plan was unveiled with handing over of the plan ceremoniously to the President and Prime Minister at a special function in Colombo, Friday. Minister Patali Champika Ranawaka said the project will take Sri Lanka across the world as a developing nation. “This is the first […]
Sri Lanka stocks close up 0.3-pct; Low investor activity
Jan 29, 2016 (LBO) – Sri Lankan stocks closed up 0.32 percent in anticipation of positive earrings and attractive Price Earrings levels with gains in banking stocks, brokers said. The Colombo benchmark All Share Price Index closed up 20.16 points at 6,340.05 up 0.32 percent. S&P SL20 closed 22.24 points up at 3,302.01 up 0.68 […]
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Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘BB-. KEY RATING DRIVERS The national carrier’s bonds are rated at the same level as SLA’s parent, the state of Sri Lanka, due to the unconditional and irrevocable guarantee of principal and interest of the notes provided by […]
Sri Lanka stocks close higher 0.05-pct
Jan 28, 2016 (LBO) – Sri Lankan stocks closed higher 0.05 percent with gains in some tobacco and beverage stocks, brokers said. The Colombo benchmark All Share Price Index closed higher 3.34 points at 6,319.89 up 0.05 percent. S&P SL20 closed 4.35 points up at 3,279.77 up 0.13 percent. Turnover was at 548 million rupees, […]
Emirates to increase daily flights to Colombo
Jan 27, 2016 (LBO) – Emirates, a Middle-Eastern airline, said that they would be adding an additional daily flight to Sri Lanka between Dubai and Colombo. The new flight will be effective from 1 August 2016. Emirates will operate five daily flights between Dubai and Colombo every day except Wednesdays when it will operate four […]
Sri Lanka commercial property demand will expand with FDI: Regus
Jan 27, 2016 (LBO) – Sri Lanka’s commercial property market will see a rise in demand as local firms expand their businesses and foreign firms start setting up in the island, a global work-space provider said. “There is huge demand for the commercial property in post war Sri Lanka and in the last 12 months the […]
Sri Lanka stocks closed down 0.5-pct
Jan 26, 2016 (LBO) – Sri Lankan stocks closed down 0.50 percent with the negative sentiment of the investors continuing for a second consecutive day with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 31.96 points at 6,322.87 down 0.50 percent. S&P SL20 closed 22.23 points down […]