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Pakistan, Sri Lanka include services and investments in FTA
Jan 05, 2016 (LBO) – Sri Lanka and Pakistan have agreed to include services and investment chapters in the bilateral Free Trade Agreement, Pakistan Premier Nawaz Sharif said. The existing Free Trade Agreement (FTA) between Pakistan and Sri Lanka has been operational since 2005. Under the existing agreement, the two countries have agreed to offer […]
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Newly elected officers of Sri Lanka Cricket calls on President
The board of officers, including the newly elected President of Sri Lanka Cricket Board – Thilanga Sumathipala called on President Maithripala Sirisena at the Presidential Secetariat, yesterday (04). President Sirisena congratulated Sumathipala on his victory. He also engaged in a very cordial and friendly discussion with the officials. The officials apprised the President regarding the […]
Lanka Walltiles and Lanka Tiles receives Green Building Certification
Lanka Walltiles PLC and Lanka Tiles PLC, the pioneers in wall and floor tile manufacturing in Sri Lanka, have been committed to the well-being of the environment in order to preserve its beauty. In an effort to go beyond its endeavors to not only control and maintain, but also to continually improve the surrounding environment […]
Foreign funds overweight on India bonds
Jan 05, 2016 (LBO) – India has a positive story for bonds with some foreign funds investing in emerging markets overweight on Indian bonds, a report said. Falling oil prices improved Indian government finances — the country is a net importer of oil — while a stable currency and limited exposure to China supported these investments. […]
Sri Lanka’s water, petroleum to be brought under power regulator, PUCSL
Jan 05, 2016 (LBO) – Sri Lanka’s water and petroleum sectors will be regulated by the Public Utilities Commission of Sri Lanka (PUCSL), a statement said. “The PUCSL would be given regulatory powers over the water services industry and petroleum industry enabling a more cost reflective transparent pricing mechanism,” the commission said in […]
US, European markets tumble after China rout
Dec 05, 2015 (LBO) – U.S. and European markets tumbled following a seven percent crash of the China stock market after a survey indicated China’s manufacturing contracted for another month. The Dow Jones index closed down 1.58 percent, S&P fell 1.53 percent and Nasdaq closed down 2.08 percent. The FTSE slumped 2.39 percent, and DAX […]
‘s CB to take-over Entrust Securities
Jan 04, 2015 (LBO) – Sri Lanka’s Central Bank is to take-over Entrust Securities Plc, primary dealer in government securities if the company fails to submit a viable restructuring plan today, Governor Arjuna Mahendran said. If a re-structuring plan is not submitted by 6 p.m today the company will be taken-over to protect the government securities market and […]
‘s CB to remove restrictions on withdrawals from NRFC/RFC accounts
Jan 04, 2016 (LBO) – Sri Lanka’s Central Bank is to remove restrictions on foreign currency withdrawals from foreign currency bank accounts by the end of the week, Governor Arjuna Mahendran said. “By the end of the week we hope to remove restrictions on money withdrawals from foreign currency bank accounts such as Non- Resident Foreign […]