Tag: lbo
Sri Lanka bloated public sector needs HR reforms to create national prosperity: HR expert
June 17, 2015 (LBO) – Sri Lanka’s laid back public sector needs human resource reforms to help the country move forward and create national prosperity, a human resource expert said.“Unfortunately it reminds me the value of human resource development is yet to develop in the public service who is expected to make a crucial contribution […]
Sri Lanka stocks close down 0.5-pct: JKH recording losses
Jun 15, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.49 percent following two straight days of gains with losses in stocks like JKH, Nestle Lanka and Bukit Darah, Tuesday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 34.37 points lower at 7,044.60 down 0.49 percent. The S&P SL20 closed 15.90 […]
Sri Lanka’s GDP grows 6.4-pct in 2015 first quarter
Jun 16, 2015 (LBO) – Sri Lanka’s economy grew at 6.4 percent in the first quarter of this year with growth in the services sector, the statistics office said. The growth rates for the 2015 first quarter for services was 7.5 percent, industries 6.5 percent and agriculture 0.7 percent, the Census and Statistics Department said […]
Sri Lanka stocks close up 0.3-pct for second straight day
Jun 15, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.33 percent for a second consecutive session with index heavy stocks making gains Monday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 17.69 points higher at 7,78.97 up 0.33 percent. The S&P SL20 closed 12.95 points higher at 3,926.96, up 0.25 […]
US to test Nestlé’s Maggi after product pulled from Indian shelves
June 13, 2015 (LBO) – United States Food and Drug Administration to test Maggi noodles, which was pulled out from Indian shelves, last week foreign media reported.The Nestle India faced a troublesome period after Indian authorities claimed to have established that Maggi noodles contains excessive levels of lead in MAGGI noodles.Nestle India exports Maggi noodles […]
Sri Lanka stocks close up 0.1-pct following four days of losses
Jun 12, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.14 percent following four days of losses with index heavy stocks making gains Friday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 9.76 points higher at 7,061.28 up 0.14 percent. The S&P SL20 closed 7.99 points higher at 3,914.01 higher 0.20 […]
Sri Lanka’s Global Glass to set up Double and Triple Glazed Units, Plans for regional exports
June 12, 2015 (LBO) – Sri Lanka’s Globe Mirror Industries, a glass merchant and a processor, rebranded as Globe Glass, said that it plans to set up a Double and Triple Glazed Units, to expand its product portfolio while expanding exports to region.“We have planned to set up our own double and triple glazed units […]
Sri Lanka Central Bank establishes legal and compliance Dept
June 12, 2015 (LBO) – The Central Bank of Sri Lanka said that it has established a ‘legal and compliance department’ to entrust the discharge of duties under several legislative enactments which provide powers relating to the supervision and control of banking institutions, non-bank financial institutions and leasing companies. Accordingly, this department is expected to […]
Sri Lanka stocks close down 0.2-pct; Foreigners net sellers
Jun 11, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.17 percent for the fourth consecutive day, Thursday with index heavy stocks making losses and foreign investors were net sellers , brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 11.93 points lower at 7,051.52 down 0.17 percent. The S&P SL20 closed […]
Singer Sri Lanka debenture oversubscribed
Jun 11, 2015 (LBO) – Singer Sri Lanka’s 15,000,000 rated senior secure redeemable debenture valued at 1,500,000,000 has been oversubscribed, the Company said in a stock exchange filling. The issue will close as per its prospectus this evening.The basis of allotment will be notified to the CSE later, the statement said.
‘s President appoints more advisors
Jun 11, 2015 (LBO) – Sri Lanka’s former Prime Ministers, Ratnasiri Wickremanayake and D. M. Jayaratne were appointed as senior political advisors to the President, a statement said.Wickremanayake, is currently a Member of Parliament and served as the Prime Minister from August 2000 to December 2001, during the regime of the People’s Alliance Government and […]
Developing countries to face tough challenges in 2015: World Bank
June 11, 2015 (LBO) – The World Bank says, that developing countries would face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive year of disappointing economic growth […]