Sri Lanka business and economy news as it breaks from Lanka Business Online

Thu, 20 June 2013 21:12:38

Maldives Eon Resorts to build US$170mn hotel in Sri Lanka

Jun 20 17:13:41

June 20, 2013 (LBO) - EoN Resorts (Pvt) Ltd, a Maldives-based resorts developer has applied to build a 170 million US dollar luxury hotel in Sri Lanka's capital Colombo, the state information office said.

European shares dive, gold drops on Fed policy

Sri Lanka stocks close flat

Sri Lanka to exempt foreign owned insurers from listing

Condemned : Rights group condemn Sri Lanka media code

Mineral Chase : Sri Lanka's Bogala Graphite chases new deposits

Air Order : Sri Lankan Airlines sign up 4 A350XWBs and A330s

Online Booking : More Sri Lankans looking to book domestic holidays online: survey

Work Practices : Sri Lanka's minimum employment age may go up

Partnership : Sri Lanka-EU investor forum in Colombo

Agri Links : Sri Lanka former war-zone agri produce on show

Quick Travel : SriLankan Airlines starts mobile check-in

Bill Auction : Sri Lanka's Treasuries yields flat

Innovative Education : Sri Lanka's fee-levying higher education sector look to maintain quality, manage costs

RECENT NEWS

Framework Change : Sri Lanka securities law to allow de-mutualization, civil penalties on track

Term Funds : Sri Lanka's NDB to boost small biz loans with US$24mn from IFC

Trading Tuesday : Sri Lanka stocks close down 0.4-pct

Health Care : Sri Lanka Hemas opens Rs1.3bn hospital

Diplomat : Sri Lanka gets new envoy from India

Risk Spirit : Sri Lanka needs a stronger entrepreneurial culture: academics

International Reach : Sri Lanka hotel show attracts foreign interest

Growth Trend : Sri Lanka economy grows 6.0-pct in 2013 first quarter

Travel Trend : Sri Lanka tourist arrivals up 21-pct in May

Education Dialogue : Sri Lanka to host British Council global education forum

IN BRIEF

IN VIEW

ECONOMY

Partnership : Sri Lanka-EU investor forum in Colombo

Risk Spirit : Sri Lanka needs a stronger entrepreneurial culture: academics

FINANCE

Foreign Exemption : Sri Lanka to exempt foreign owned insurers from listing

Term Funds : Sri Lanka's NDB to boost small biz loans with US$24mn from IFC

Overnight Rates

Now Last Week

3 mon 8.75

6 mon 9.91

12 mon 10.84

2 years - -

3 years - -

Source: CBSL

Today Yesterday

SLIBOR 9.03 9.02

Call 9.00 9.00

Source: CBSL

Close

ASPI 6,211.44

0.04

S&PSL20 3,492.14

0.10

Midcap 7,662.80

0.39

Sales 3,475,879,259

Source: CSE

SL Rs... SL Rs.

$ 129.92 130.25

201.19 203.89

173.05 175.01

1.3528 1.3732

CBSL ( Com. bank selling)

World Pulse

No Deal: Swiss lower house refuses to vote on US bank deal

Air Order: easyJet to buy 135 Airbus A320 planes for almost $12bn

CHOICES

Pros and cons of government ownership in Sri Lanka

Electricity tariff 2013: Forward or backward step for regulation

THRIFT COLUMN

Maggie Thatcher, slayer of high inflation and expropriation, dies

Sri Lanka has to re-think CB operations to lift dollar peg: fuss-budget

ANALYSIS

Negative Fallout: Sri Lanka SOE losses hurt investment and jobs: IMF

Harmonious: Sri Lanka fiscal and monetary authorities in harmony: officials

READER COMMENTS

Agri Links(1): This is typical of Sri lanka's officials....

Quick Travel(1): Using a smart phone to select your seat and...

Framework Change(1): Education is the key. While the introduction...

Settlement Freedom(29): Great work,,Awesome. waiting for...

Term Funds(1): IFC should determine the rate that NDB...

Risk Spirit(2): A good story... Indeed the need of this kind...

Steady State(1): Of course has it ever been out of target...

Tariff Proposals(8): I agree with Roy about the comment on the...

MOST POPULAR

Holding

Subsidies

Water Pressure

Coal Plant

Fixed Price

EDITOR'S PICK

Margin Matter

Rail Waste

Tough Going

Higher Priority

Travel Surge

SPORTS

Champions Trophy: Cricket: Resurgent India impress Sri Lanka's Jayawardene

Step Closer: Cricket: Sri Lanka oust Aussies to qualify for semis

SOUTH ASIA

Big Brother: India's inflation cools but rate cut unlikely

Oops: India's rupee hits record low against the dollar

INDO CHINA

Hotel Change: Maldives Eon Resorts to build US$170mn hotel in Sri Lanka

Quick Travel: SriLankan Airlines starts mobile check-in

Statist Action: Tax evasion, bank secrecy: G8 talks tough, seeks teeth

Elections: Iran's Rowhani: moderate pledged to engage with world