Tag: lbo
Infrastructure: People should be consulted in future projects, says Min Ranawaka
Nov 02, 2015 (LBO) – Sri Lanka’s future infrastructure development projects should be done in consultation with the people, a Minister said.“We have identified some of the previous mistakes that were done with regard to infrastructure development during the previous regime,” Champika Ranawaka, Minister, Megapolis and Western Province development said. “The first one was that […]
Sri Lanka stocks close down 0.3-pct: Net foreign out flow 319mn
Oct 29, 2015 (LBO) – Sri Lankan stocks closed down at 0.34 percent on Thursday with losses in index heavy stocks after a two week high, brokers said. The Colombo benchmark All Share Price Index closed down 23.96 points at 7,070.13 lower 0.34 percent. S&P SL20 closed 12.11 points lower at 3,827.89 down 0.32 percent. […]
Income security for older persons in Sri Lanka, a key future concern
Oct 29, 2015 (LBO) – Sri Lanka’s pension schemes need to be reevaluated as an adequate pension is essential to ensure income security for the elderly to support the fast growing aging population, an economist said.“Providing pension coverage for future older generations could be a challenge,” Nisha Arunatilake of Institute of Policy Studies of Sri […]
Do the proper checks before buying apartments: Property developer
Oct 28, 2015 (LBO) – Sri Lankan apartment buyers are warned that there are risks in buying apartments and they should do the proper checks and minimize it, a property developer said.“Apartment buyers need to be careful when buying as they are spending their lifetime savings,” Brahmanage Premalal, chairman of Prime Lands said. “Most apartments […]
Sri Lanka stocks close up 0.15-pct: Institutional buying
Oct 28, 2015 (LBO) – Sri Lankan stocks closed higher at 0.15 percent on Wednesday with gains in index heavy stocks and institutional buying and foreign investor activity, brokers said. The Colombo benchmark All Share Price Index closed up 10.61 points at7,094.09 up 0.15 percent. S&P SL20 closed 14.06 points higher at 3,841.89 higher 0.37 percent. […]
‘s CCC, Japan Kansai to promote trade and investment
Oct 28, 2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce (CCC) signed an ‘Agreement of Cooperation’ to promote two way commercial ties with Japan’s Kansai Economic Federation, a statement said. “It enables both sides to exchange information on economic and business trends in the two countries, cooperate in trade, investment, environment conservation and energy-saving […]
Sri Lanka stocks close flat on six week low
Oct 26, 2015 (LBO) – Sri Lankan stocks closed higher 0.03 percent on Monday low volumes traded, brokers said. The Colombo benchmark All Share Price Index closed higher 1.99 points at7,083.48 up 0.03 percent. S&P SL20 closed 6.00 points higher at 3,827.83 higher 0.16 percent. Turnover was 481 million rupees, down from 1.1 billion rupees […]
Commercial real estate market has high potential for ROI: analysts
Oct 26, 2015 (LBO) – The demand for Sri Lanka’s commercial property is growing and there will be high potential for return on investment, experts said. “Sri Lanka’s commercial real estate has high potential for return on investment (ROI),” Ravi Abeysuriya, group director of Candor, a financial consultancy service said. “Retail rental yields for commercial […]
Sri Lanka stocks close up 0.2-pct
Oct 23, 2015 (LBO) – Sri Lankan stocks closed up 0.18 percent on Friday for a fourth consecutive day with gains in the leisure sector city hotels showing gains, brokers said. The Colombo benchmark All Share Price Index closed up 12.64 points at 7,081.49 up 0.18 percent. S&P SL20 closed 6.48 points higher at 3,825.55 […]
Sri Lanka’s EDB called on to perform like private sector entity
Oct 23, 2015 (LBO) – Sri Lanka’s Export Development Board has been called upon to perform as a private sector entity to ensure a better performance from the country’s export.“The EDB should not behave like a laidback government institution,” Sujeewa Senasinghe, state Minister of Development Strategies and International Trade said while addressing officials of EDB […]
Sri Lanka stocks close up 0.2-pct driven by retail activity
Oct 22, 2015 (LBO) – Sri Lankan stocks closed up 0.19 percent on Thursday for a third consecutive day driven by retail activity with gains in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed higher 13.18 points at 7,068.85 higher 0.19 percent. S&P SL20 closed 10.24 points higher at 3,819.07 up […]
Sri Lanka’s Finlays unit to delist
Oct 21, 2015 (LBO) – Sri Lanka’s Finlays, a tea exporter said it plans to delist its ordinary shares from the Colombo Stock Exchange, a statement said. “James Finlay of Swire House, London will302 rupees a share,” the company said in a stock exchange filing. The decision is subject to regulatory approval. The Company’s shares […]