Tag: lbo.lk
Haycarb records turnover of Rs.5.9Bn and PBT of Rs.458Mn for 1H 2016/17
(PRESS RELEASE) – The Sri Lankan multinational Haycarb PLC reported a revenue of Rs. 5.9 billion and profit before tax of Rs. 458 million for the six months ending 30th September 2016. The profit after tax stood at Rs. 374 million. The turnover increased by 8%, while the profit before tax and after tax recorded […]
GSP+ final decision by May 2017, tangible progress needed: EU
Nov 02, 2016 (LBO) – National reconciliation, the empowerment of women and Sri Lanka’s application for the General System of Preferences (GSP+) were the main focus of discussions of the four member delegation of the European Parliament. On GSP+, they stressed that the decision on Sri Lanka’s application will also need the approval of the […]
Aitken Spence Travels Brings in Russian Charter to Sri Lanka
(PRESS RELEASE) – Aitken Spence Travels, the premier destination management company in Sri Lanka in collaboration with Coral Travel & their airline charter arm, Royal Flight in facilitating their first charter flight from Russia to Sri Lanka for winter 2016/17. The charter arrived this morning, 1st of November 2016 to the Bandaranaike International Airport. The […]
Asian shares, dollar rattled by U.S. election uncertainty
TOKYO, Nov 2 (Reuters) – Asian shares stumbled and the U.S. dollar was on the defensive on Wednesday as signs that Republican U.S. presidential candidate Donald Trump could be closing the gap with his Democratic rival Hillary Clinton spooked investors. Anxiety in markets has deepened over a possible Trump victory given uncertainty on the Republican […]
Asia stocks, dollar wrestle with US political risk
SYDNEY, Nov 3 (Reuters) – Asia shares eased on Thursday while the U.S. dollar stayed on the defensive as a tightening U.S. presidential race saw the S&P 500 suffer its longest losing streak in five years as investors fled to safer harbours. Sovereign bonds, gold, the yen and Swiss franc were all in favour, and […]
Sri Lanka ranks 31st in Global Youth Development Index
Nov 01, 2016 (LBO) – Sri Lanka has been ranked 31st in the Global Youth Development Index (YDI) 2016 based on a country’s condition for the youth in terms of employment, education, health, civic and political spheres. The YDI is a composite index of 18 indicators that collectively measure multi-dimensional progress on youth development in […]
DPL First six months records Rs.11.5Bn Revenue
(PRESS RELEASE) – Group turnover for the 1st half of the financial year was Rs. 11.5 billion, compared to Rs.10.9 billion for the same period of the previous year. The Hand Protection sector contributed a modest Rs 7.0 billion to the Group’s top line, while the Plantation sector recorded a turnover of Rs. 4.5 billion […]
Asia stocks wallow at 6-wk lows, China PMIs in focus; oil down
HONG KONG, Nov 1 (Reuters) – Asian stocks wallowed near six-week lows on Tuesday as investors braced for a looming raft of economic and central bank events, while oil prices fell as markets doubted OPEC’s ability to implement planned production cuts. Market anxiety deepened in recent sessions after the Federal Bureau of Investigation on Friday […]
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Oct 31, 2016 (LBO) – Sri Lanka’s Value Added Tax (VAT) hike 15 percent from 11 percent will make the island credit positive as it will facilitate fiscal consolidation by strengthening low revenue-to GDP ratio, Moody’s Investors Service said. “The government originally implemented the VAT hike in May, but retracted it in July after a […]
SriLankan Airlines named Best Full Service Airline in Central & South Asia
(PRESS RELEASE) – Colombo, October 28, 2016: SriLankan Airlines emphasized its positioning as an airline of choice among discerning global travelers by winning the “Best Full Service Airline in Central and South Asia” at the Future Travel Experience Asia Awards 2016 in Singapore for the second consecutive year. Ajith Dias, Chairman of SriLankan Airlines, said: […]
Huawei launches Experience Store in Colombo, Plans to grow distribution
(PRESS RELEASE) – Huawei opened a brand new Experience Store in Colombo at Liberty Plaza Ground Floor adding another chapter to its expansion drive in Sri Lanka. The Experience Store is designed, with interactive areas where consumers can decide on their favourite Huawei smartphones, tablets and other devices. The opening of the new Experience Store […]
Asia stocks stutter as FBI probe of Clinton jolts markets
SINGAPORE, Oct 31 (Reuters) – Asian stocks got off to a shaky start on Monday after a renewed FBI probe of U.S. Democratic presidential candidate Hillary Clinton’s use of a personal email server sparked fresh tumult in markets, just days before the Nov. 8 presidential vote. The Japanese yen, seen as a safe-haven in times […]