Tag: lbo
Sri Lanka’s official reserves USD 6.8bn in May 2015
July 23, 2015 (LBO) – Sri Lanka’s gross official reserves stood at 6.8 billion US dollars in May 2015, equivalent to 4.2 months of imports, while total foreign assets amounted to 8.7 billion US dollars, equivalent to 5.3 months of imports, data showed. Sri Lanka’s gross foreign reserves rose to 7.5 billion US dollars in […]
Sri Lanka’s exports flat in May while imports up: Central Bank
July 22, 2015 (LBO) –Sri Lanka’s exports earnings recorded a marginal decline of 0.1 per cent, year-on-year, to 883 million US dollars in May 2015, led by lower performance in tea, sea food, gem, diamond and jewellery exports, and the Central bank said. Earnings from industrial exports increased by 3.3 per cent to 661.3 million […]
Sri Lanka stocks close up 0.8-pct
July 22, 2015 (LBO) – Sri Lanka’s stocks closed up 0.76 percent on Wednesday with index heavy stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 54.04 points higher at 7,199.63 up 0.76 percent. The S&P SL20 closed 42.86 points higher at 4,037.83 up 1.07 percent. Turnover was 1.62 billion rupees, […]
EU team due in October to assess requirements for lifting fishing ban: USD 75mn loss so far
July 22, 2015 (LBO) – A delegation from the European Union is due to arrive in Sri Lanka in October to assess the progress made by the Sri Lankan government in order to lift a fishing ban imposed earlier, a foreign Ministry official said.“A technical evaluation mission from the EU is to come to Sri […]
Sri Lanka stocks close lower 0.03-pct
July 21, 2015 (LBO) – Sri Lanka’s stocks closed lower 0.03 percent on Tuesday with low investor activity, brokers said. The Colombo benchmark All Share Price Index closed 2.27 points lower at 7,145.59 down 0.03 percent. The S&P SL20 closed 2.38 points lower at 4,005.14 down 0.06 percent. Turnover was 334.8 million rupees, down from […]
Sri Lanka lacks effective grading system for tourist accomodation
July 21, 2015 (LBO) – Sri Lanka’s tourism industry needs a standardized grading system for tourist accomodation, which indicates the minimum requirements of service standards, a recent industry reportays. “The industry needs a standardized grading system that spells out the minimum requirement of service standards to ensure safety and comfort of the establishments and guests,” […]
Greece clears arrears at IMF and repays ECB
July 21, 2015 (LBO) – Greece has cleared overdue debt repayments of 2.05 billion euros to the International Monetary Fund (IMF), foreign media reports said.“The IMF confirmed that Greece is no longer in arrears,” the report said. This comes following missing two IMF payments worth 1.556 billion and 0.456 billion euros respectively in June last […]
Otara’s “Embark” spreads more love and compassion in Q1- 2015/16
July 20, 2015 (LBO) – Sri Lanka’s fashion brand supported animal welfare programme, Embark has performed 2592 street dogs vaccinations, 1458 sterilizations and 51 adoptions, in first quarter of 2015-16, a statement said.Embark and partner organisations have vaccinated 2,592 stray dogs, performed 1,458 sterilisations and given a total of 51 puppies in adoption between April […]
Sri Lanka stocks close down 0.2-pct
July 20, 2015 (LBO) – Sri Lanka’s stocks closed down 0.20 percent on Monday with investors taking profit from the market, brokers said. The Colombo benchmark All Share Price Index closed 14.10 points higher at 7,147.86 down 0.20 percent. The S&P SL20 closed 6.23 points higher at 4,007.52 down 0.16 percent. Turnover was 646.7 million […]
Sri Lanka to develop IT soft infrastructure and connect rural to digital world
July 20, 2015 (LBO) – Sri Lanka will connect all government departments though a digital platform and set 7500 Wi-Fi spots throughout the Island to educate and develop rural community, ICTA head said.“In the new era of digitized Sri Lanka, we are not anymore talking to urban audience but to rural audience, and that is […]
Sri Lanka stocks close up 0.5-pct
July 17, 2015 (LBO) – Sri Lanka’s stocks closed up 0.53 percent on Friday with investor confidence gaining further and telecom and banking sector stocks continuing to show gains, brokers said. The Colombo benchmark All Share Price Index closed 37.82 points higher at 7,161.96 up 0.53 percent. The S&P SL20 closed 22.54 points higher at […]
Sri Lanka to reduce fuel price if world oil prices drop: Ravi K
July 17, 2015 (LBO) – Sri Lanka’s government will consider a further reduction in the fuel price if oil prices in the world drop, the Finance Minister said. “If the world oil prices drop then we will also reduce the fuel prices in the country but the prices have not dropped yet,” Ravi Karunanayake, Finance […]