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Sri Lanka inflation accelerates 2.2-pct in March 2016
Apr 25, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose 2.2 percent in March from the 1.7 percent inflation reported a month earlier on year-on-year basis, data from the state statistics office showed. The National Consumer Price Index has been compiled as 110.0 for March 2016 and shows […]
Sri Lanka to introduce new laws to prevent violence against women and girls
Apr 25, 2016 (LBO) – Sri Lanka’s government plans to activate a stable legal mechanism towards the creation of a safe environment, free from violence for women and girls in Sri Lanka. The government said a special ministerial sub committee will also be named to ensure the efficient working of such a legal framework. Recently, […]
Demand for infrastructure finance shows no sign of slowing: ADB
Apr 25, 2016 (LBO) – The demand for finance for major infrastructure and development projects in Asia and the Pacific shows no sign of slowing as regional economies seek ways to address moderating economic growth, inequality, and significant environmental risks, says the Asian Development Bank (ADB)’s 2015 Annual Report. As ADB marks its 50th year […]
US expected to hold rates this week
Apr 25, 2016 (LBO) – The U.S Federal Reserve is widely expected to hold interest rates when its policy makers meet this week. More important than the actual rate decision at this week’s (26th-27th) Fed meeting will be the language of the policy statement, analysts say. “The market for Fed funds futures seems to be […]
Aitken Spence Travels achieves landmark 129,000 arrivals
Aitken Spence, Sri Lanka’s largest destination management company, closed the 2015/16 financial year recording the highest tourist volume handled by a single local travel company. Aitken Spence Travels delivered on the daunting task of following up last year’s benchmark of 108,000 pax, with a landmark 129,000 inbound arrivals. The accomplishment is an optimistic upturn for […]
Sri Lanka exporters protest gazette on repatriation of funds
Apr 25, 2016 (LBO) – Sri Lankan exporters have begun to protest after the Finance Ministry issued a gazette notification requiring the repatriation of funds from exports that are retained abroad. “As part of current policy measures taken to improve the foreign exchange inflows to the country, the Hon. Minister of Finance has issued the […]
PTL Watch: Foreign buying in Sri Lanka bonds
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”t Know
By Arosha Jayasundera To be in a state of bliss is great, when you happily chug along at your own pace. But how long can it last? In the absence of benchmarks, we can imagine that we are doing just fine. Perhaps this is an affliction which affects many of the South Asian countries. Certainly […]
Sri Lanka’s transport reforms lack political will: Kumarage
Apr 22, 2016 (LBO) – Sri Lanka’s politicians should lead from the front and drive much needed transport reforms which have evolved through changes in social and economic conditions, a senior official told LBO. “Vehicles gridlocked in Colombo traffic is something we are all familiar with by now. But what are we doing about it?” Amal […]
BOC ATMs dispensed record Rs30bn during Avurudu season
The Bank of Ceylon, Leader in the Sri Lankan Banking Industry has set a bench mark of dispensing a record breaking Rs.30.72 Billion from its ATMs during Avurudu season. The Bank has made every possible arrangement to provide the utmost convenient and easy access to cash for its customers during this festive season. Bank has […]