Tag: lbo
Sri Lanka stocks close down 0.75-pct: Near eight month low
Nov 30, 2015 (LBO) – Sri Lankan stocks closed down at 0.75 percent on Monday for a fourth consecutive day, recording the highest intra-day drop since September and closed at nearly eight month low, brokers said. The Colombo benchmark All Share Price Index closed down 52.26 points at 6,909.15 down 0.75 percent. S&P SL20 closed […]
Sri Lanka stocks close lower 0.04-pct: Continued loses in JKH and banks
Nov 27, 2015 (LBO) – Sri Lankan stocks closed down at 0.04 percent on Friday with losses in John Keells Holdings and some banks, brokers said. The Colombo benchmark All Share Price Index closed down 2.59 points at 6,960.78 down 0.04 percent. S&P SL20 closed 6.31 points lower at 3,698.69 down 0.71 percent. Turnover was […]
Commercial Bank hosts capacity building programme for Eastern dairy farmers
A capacity building programme conducted by the Commercial Bank of Ceylon recently for dairy farmers of the Kokkadicholai area in the Eastern Province benefitted 150 people involved in the industry. Jointly organised by the Bank’s Agriculture and Micro Finance Unit (AMFU) in Kattankudy, its Regional office – Eastern and the Kattankudy branch, the programme was conducted with […]
Sri Lanka stocks close down 0.7-pct: JKH losses
Nov 26, 2015 (LBO) – Sri Lankan stocks closed down at 0.67 percent on Thursday with losses in John Keells Holdings, brokers said. The Colombo benchmark All Share Price Index closed down 46.62 points at 6,963.37 down 0.67 percent. S&P SL20 closed 30.40 points lower at 3,705.30 down 0.81 percent. Turnover was 620 million rupees, […]
Sri Lanka can play an important role in world growth: British HC
Nov 26, 2015 (LBO) – Sri Lanka as an emerging economy can play a significant part in future world growth by unlocking it’s full potential through the right policies and reforms, the British High Commissioner said. “Emerging and developing countries will be increasingly important in driving global growth in the medium term,” James Dauris, British High Commissioner […]
Sri Lanka stocks close up 0.5-pct: Budget gains
Nov 23, 2015 (LBO) – Sri Lankan stocks closed up at 0.55 percent on Friday with John Keells Holdings and other index heavy stocks showing gains following last Friday’s budget, brokers said. The Colombo benchmark All Share Price Index closed up 38.40 points at 7,055.84 up 0.55 percent. S&P SL20 closed 8.61 points higher at […]
Sri Lanka to promote its ancient cinnamon trade
Nov 23, 2015 (LBO) – Sri Lanka’s government will set up an authority to develop the cinnamon trade, its main spice export, along with strengthening research and undertaking an international branding exercise, the minister of finance said.The spice trade in Sri Lanka dates as far back as 7th Century, but has underperformed in an economic […]
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 […]