Tag: lbo
Sri Lanka stocks close down 0.3-pct on 12 week low
July 07, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.31 percent for the second consecutive day on a 12 week low with index heavy stocks showing losses, Tuesday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 21.63 points lower at 6,967.78 down 0.31percent. The S&P SL20 closed 19.96 points lower […]
Sri Lanka stocks close up 0.20-pct: JKH gains
Jun 23, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.20 percent for the second consecutive day with index heavy stocks showing gains, Tuesday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 14.31 points higher at 7,053.96 up 0.20 percent. The S&P SL20 closed 25.77 points higher at 3,938.46 higher at […]
Sri Lanka stocks close higher 0.06-pct
Jun 22, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.06 percent with index heavy stocks showing gains, Monday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 4.50 points higher at 7,039.65 up 0.06 percent. The S&P SL20 closed 6.41 points higher at 3,912.69 up 0.16 percent. Turnover was 489 million rupees, down […]
A Maldivian company to build luxury hotel in Sri Lanka with an investment of USD 3mn
June 19, 2015 (LBO) – The Board of Investment of Sri Lanka granted approval for an investment of 3 million US dollars of Alpha Kinam Holdings Lanka, a Maldivian company to set up a hotel in Matale, Sri Lanka.The Nichila Oya Resort and Spa hotel which expected to complete within two years’ time period, will […]
‘t get nomination: Rajitha Senaratne
June 18, 2015 (LBO) – Sri Lanka’s President would not allow the comeback of former President Mahinda Rajapakse, and the party will not give nomination to him in the forthcoming general election, Cabinet spokesmen Rajitha Senaratne told reporters today in Colombo.“The six member committee of the SLFP met the President last evening and asked whether […]
Cabinet approves to pay Golden Key depositors
June 18, 2015 (LBO) – Sri Lanka’s government has given approval for the repayment mechanism of the golden key depositors which was submitted by Prime Minister Ranil Wickramasinghe. It has been proposed to grant reliefs to depositors of nonbank inactive financial institutions by the supplementary budget 2015 and several meetings have been held with the […]
SriLankan flight experiences turbulence, minor injuries to crew
June 18, 2015 (LBO) – Sri Lanka’s state airline, SriLankan Airlines’ Colombo bound flight UL 564 from Paris had experienced a turbulent weather conditions over the Arabian Sea, close to India, landed safely at BIA this morning, the airline said in a statement.The Aircraft was an Airbus 330-200. SriLankan says the flight was carrying 193 […]
‘l bids to be opened for cross country oil pipeline
June 18, 2015 (LBO) – Sri Lanka’s government to call for an open international tender to construct a new pipeline network that carries oil from Colombo Harbour to Kolonnawa wholesale terminal, cabinet spokesperson Rajitha Senaratne said.He said the existing network is 40 to 70 years old and is in a very dilapidated status. A proposal […]
Sri Lanka stocks close higher 0.07-pct: Nestle declines 9-pct in June
Jun 17, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.07 percent with market turnover crossing the two billion and index heavy stocks recording gains, Wednesday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 5.11 points lower at 7,049.71 up 0.07 percent. The S&P SL20 closed 3.70 points higher at 3,914.76 […]
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 […]