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Sri Lanka stocks close up 0.2-pct driven by retail activity
Oct 22, 2015 (LBO) – Sri Lankan stocks closed up 0.19 percent on Thursday for a third consecutive day driven by retail activity with gains in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed higher 13.18 points at 7,068.85 higher 0.19 percent. S&P SL20 closed 10.24 points higher at 3,819.07 up […]
BOI conducts an investment forum in Japan
Since Japan has now emerged as potentially major source for Foreign Direct Investment to Sri Lanka, the Board of Investment of Sri Lanka organized an investment promotion mission in that country recently. This mission was a collaborative effort between the BOI and Japanese government two Institutes Japan External Trade Organization (JETRO), Japan International Corporation Agency […]
PTL Watch: Rs30 bn Sri Lanka treasury bonds on offer
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Finance Ministry to set up separate department for private sector from 2016
Oct 22, 2015 (LBO) – Sri Lanka’s Finance Ministry is to set up a separate department for the private sector development at the ministry from January 01, 2016, Minister Ravi Karunanayake said.Karunanayake said the upcoming budget will be a revolutionary one where the monopolistic approach of the government will be reduced with competitive element emerging […]
FM meets UN Assistant Secretary General for Political Affairs
The United Nations Assistant Secretary General for Political Affairs Mr. Miroslav Jenča called on the Hon.Minister of Foreign Affairs Mangala Samaraweera at the Ministry of Foreign Affairs yesterday (21/10/2015).
ADB to fund USD800mn for the 3rd phase of connecting rural in Sri Lanka
Oct 22, 2015 (LBO) – Sri Lanka to get financial assistance of 800 million US dollars from the Asian Development Bank (ADB) for the implementation of phase 3 of the Integrated Road Investment Programme, cabinet spokesman told reporters on Thursday.The programme is implemented with the view of improving the road connectivity within selected rural centres […]
Innovation is the key for developing Sri Lanka: W.A. Wijewardena
Oct 22, 2015 (LBO) – Sri Lanka should move in to production based on high innovative technology as the traditional methods of production do not help Sri Lanka to be competitive in the global market and achieve higher productivity, an ex-Central Banker said “We must go for new innovation,” W.A. Wijewardena, former Deputy Governor of […]
Sri Lanka to introduce National Consumer Price Index
Oct 22, 2015 (LBO) – Sri Lanka is to introduce a new National Consumer Price Index to represent the national level changes in the inflation. The cabinet nod has been given to consider its base year as 2013 and from 21 November 2015 to declare the proposed index on 21st of each month. The current […]
Sri Lanka’s exports and imports declines in August 2015: Central Bank
Oct 22, 2015 (LBO) – Sri Lanka’s exports earnings recorded a decline of 19.5 per cent, year-on-year, to 799 million US dollars in August 2015, showing decreases in all major export categories, Central bank data showed. The lower earnings from tea, textiles and garments, transport equipment and rubber products mainly contributed to the overall decline […]
Youtube launches ad free uninterrupted version with paid content
Oct 22, 2015 (LBO) – World’s number one free video hosting site, Youtube has launched an ad free uninterrupted version of Youtube for a subscription fee of 9.99 US dollars a month. The new service that has been named as ‘YouTube Red’ will be available in the US for free with a one month trial […]