Tag: lbo
Sri Lanka stocks down 1.9-pct; 18 month low
Jan 18, 2016 (LBO) – Sri Lankan stocks closed down 1.89 percent following the negativity in regional markets and local economic concerns with losses in financial sector stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 121.59 points at 6,324.61 down 1.89 percent. S&P SL20 closed 60.08 points down at 3,280.05 down […]
Sri Lanka’s reconciliation process key to its economic success: UK Minister
Jan 14, 2016 (LBO) – Sri Lanka commitment to reconciliation will be a driver of its future economic development, a visiting Minister said. “It is reconciliation that will, I believe, be the bedrock on which Sri Lanka’s future economic success will be built,” Hugo Swire, Minister of State at the Foreign and Commonwealth Office in […]
Uber launches new budget version in Sri Lanka
Jan 14, 2016 (LBO) – Uber, a global ride sharing company in over 340 cities in 60 countries, launched its more economical version, UberGO in Colombo, Thursday. UberGO operates with smaller hatchback vehicles like Suzuki Altos and Tata Nanos and is the second product option after uberX and is more economical, a statement said. “We are […]
CCP by first quarter 2017: CSE Chairman
Jan 14, 2016 (LBO) – Sri Lanka’s Colombo Stock Exchange aims to establish the Central Counter Party (CCP) system, a new risk management system, by early 2017, a senior official said. “We have to properly draft the laws. This is a difficult task but we are doing that with the help of some consultants,” Vajira […]
Sri Lanka targeting affordable renewable energy: DG PUCSL
Jan 13, 2016 (LBO) – Sri Lanka’s dependency on fossil fuels should be substituted with renewable options which are much greener and safer, a senior official said. “In total, in 2015 about 45 percent of energy was through renewable energy including large and small hydro, wind and others. This is a very healthy situation,” Damitha […]
Sri Lanka stocks close with highest intra-day loss in 5 months
Jan 12, 2016 (LBO) – Sri Lankan stocks closed down at 1.74 percent for a seventh consecutive day with losses across the board as regional markets also dropped, brokers said. The Colombo benchmark All Share Price Index shed 115.97 points to end at 6,534.35 down 1.74 percent. S&P SL20 closed 71.00 points down at 3,392.04 […]
Interview: Sector specific Acts needed for water, petroleum, says DG PUCSL
Jan 11, 2016 (LBO) – Sri Lanka’s Public Utilities Commission will need to have sector specific Acts for it to have power to regulate water and petroluem sectors, a senior official said. “Actually water and petroleum sectors are listed in our Public Utilities Commission Act which has been in operation since 2002 but we need […]
Sri Lanka stocks close down 0.7-pct
Jan 07, 2016 (LBO) – Sri Lankan stocks closed down at 0.72 percent for a fifth consecutive day with continued losses in the banking and some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower at 48.99 points at 6,726.28 down 0.72 percent. S&P SL20 closed 32.04 points down at […]
Sri Lanka can’t continue as low income country: PM
Jan 08, 2015 (LBO) – Sri Lanka should take note of global economic conditions and its own shortcomings which will enable the island to become a high income nation in the region, Prime Minister Ranil Wickramasinghe said. “Sri Lanka has a unique chance to go on a unique journey after the end of a decade’s […]
‘s BOI gets new DG
Jan 08, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed Duminda Ariyasinghe, as its new Director General, a statement said. Ariyasinghe, who joined the BOI in 2005 has specialized in Investment Promotion, Investment Appraisal, Project Implementation and Monitoring/After-care functions. He has managed Strategic Development Projects with large FDI such as the Shangri-La […]
Sri Lanka stocks close at 18-month low
Jan 07, 2016 (LBO) – Sri Lankan stocks closed down at 0.62 percent for a fourth consecutive day with some index heavy and banking stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower at 42.38 points at 6,775.27 down 0.62 percent. S&P SL20 closed 26.73 points down at 3,546.45 down […]
‘s Treasury bill yields up across the board
Jan 06, 2015 (LBO) – Sri Lanka’s Treasuries yields were up with the 12-month yield rose 12 basis points to 7.42 percent at Wednesday’s auction, as statement said. 6 month bills rose 10 basis points to 6.93 percent while the 3-month yield rising 14 basis points to 6.59 percent, data from the state debt office […]