Tag: lbo
Sri Lanka’s CSE approves Rs.750mn Peoples Insurance IPO
Nov 23 (LBO) – Sri Lanka’s People’s Insurance, a fully owned subsidiary of People’s Leasing and Finance will be listed on the Colombo Stock Exchange through issuing offer 50 million shares, a statement said. “Through the Initial Public Offering, People’s Insurance will offer 50 million shares at 15 rupees each with the total value being […]
Sri Lanka stocks close up 0.5-pct: JKH gains
Nov 19, 2015 (LBO) – Sri Lankan stocks closed up at 0.55 percent on Thursday with gains in John Keells Holdings and some banking and finance sector stocks, brokers said. The Colombo benchmark All Share Price Index closed up 38.21 points at 7,020.18 up 0.55 percent. S&P SL20 closed 31.13 points higher at 3,795.35 up […]
Sri Lanka bring in more price controls for consumer goods
Nov 19, 2015 (LBO) – Sri Lanka’s Consumer Affairs Authority has brought in a new set of Maximum Retail Prices (MRPs) for six new essential consumer items to be effective from 20 November. “The new maximum prices are introduced to safeguard consumers from sudden market hikes, especially in the forthcoming festival season,” Rishad Bathiudeen, Minister […]
Sri Lanka can better harness its potential for bio-gas and renewable energy technology
Nov 18, 2015 – Bio-gas can be used in Sri Lanka as a cheaper and cleaner renewable energy alternative to petroleum-based fuels, EU SWITCH-Asia, an European Union program that supports clean energy consumption and production said.“Asia is the centre of domestic biogas development with close to 50 million operational units installed,” the initiative said in a […]
Sri Lanka stocks close higher 0.06-pct: Budget concerns
Nov 18, 2015 (LBO) – Sri Lankan stocks closed higher at 0.06 percent on Wednesday with low turnover and volumes as investors kept on the side lines ahead of Friday’s government budget, brokers said. The Colombo benchmark All Share Price Index closed up 4.02 points at 6,981.97 higher 0.06 percent. S&P SL20 closed 3.95 points […]
US firms await clear policy to invest in Sri Lanka
Nov 17, 2015 (LBO) – Many businesses from the United States are willing to invest in Sri Lanka but are waiting more clear and consistent economic policy from the government, the US Ambassador said at the opening of the US trade fair in Colombo, Tuesday. “American companies are looking for safe investment opportunities,” Atul Keshap, US Ambassador […]
Sri Lanka Telecom net down 70-pct in Sept
Nov 16, 2015 (LBO) – Sri Lanka Telecom said September 2015 quarter net profit fell 70 percent to 630 million rupees from 2014, interim accounts showed. The Company’s earnings per shares fell to 0.35 rupees for the September quarter from 1.15 rupees in 2014 while for the first nine months EPS fell 19 percent to […]
Sri Lanka stocks close lower 0.06-pct
Nov 13, 2015 (LBO) – Sri Lankan stocks closed down at 0.06 percent on Friday for a fourth consecutive session with more investor activity and volumes compared to Thursday with losses in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 4.54 points at 7,001.81 lower 0.06 percent. S&P […]
Sri Lanka’s NDB net down 32-pct in September
Nov 13, 2015 (LBO) Sri Lanka’s National Development Bank PLC reported a 32 percent dip in profits to 855 million rupees in the September quarter of 2015 compared to the same period in 2014, interim report showed. NDB reported earnings per share of 5.13 rupees for the quarter, interim accounts filed with the Colombo Stock […]
‘s Sugar, Cement, Pharmaceuticals, Dairy and IT sectors
A high powered Business Delegation from Pakistan led by Hon. Khurram Dastigir Khan, Minister of Commerce of Pakistan visiting Sri Lanka and met with the State Minister of International Trade Hon. Sujeewa Senasinghe at the BOI. Senior officials from the BOI and the officials from the Respective Ministries and Departments participated at these meetings with the purpose of […]
China Construction to carry out free feasibility for Sri Lanka’s eastern rail line
Nov 12, 2015 (LBO) – Sri Lanka’s Cabinet spokesperson, Minister Rajitha Senaratne said the government has approved a free feasibility to be carried out by China State Construction Engineering Corporation for the islands north central and eastern railway lines. The feasibility will focus on the rail tracks from Maho to Batticaloa and Galoya to […]
Sri Lanka stocks close down 0.2-pct: Budget concerns
Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.18 percent on Thursday a third consecutive session with investors keeping on the sidelines over budget concerns, brokers said. The Colombo benchmark All Share Price Index closed down 12.88 points at 7,006.35 lower 0.18 percent. S&P SL20 closed 9.39 points lower at 3,781.22 down 0.25 […]