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PTL Watch: Sri Lanka bond yields drop, some profit taking
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Sri Lanka to seize 8 foreign accounts in Dubai: Cabinet Spokesman
Oct 15, 2015 (LBO) –Sri Lanka has found eight bank accounts in a Dubai bank belonging to powerful politically affiliated people and plans are underway to seize all the accounts, Cabinet Spokesman Minister Rajitha Senaratne told reporters on Thursday.“We have uncovered eight accounts hidden in Dubai,” Minister Rajitha Senaratne told at a press briefing held […]
Prime Minister seeks Singapore funds for development
Oct 15, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe is to leave for Singapore today on a two day official tour, the government said. He is accompanied by International Trade Minister Malik Samarawickrema. The purpose of this visit will be to obtain support and funding in Singapore for the development program in Sri Lanka. Wickremesinghe […]
Sri Lanka’s new fuel pricing formula with Finance Ministry: Min. Champika
Oct 15, 2015 (LBO) – Sri Lanka’s Minister of Megapolis and Western Province Development and former Minister of Power and Energy says that a cabinet approved pricing formula for fuel has been handed over to the Finance Ministry. Speaking to LBO Minister Champika Ranawaka said that “I have already done this.” We got cabinet approval […]
Treasury grants advance of Rs4.5bn to pay Golden key depositors
Oct 15, 2015 (LBO) – Sri Lanka’s cabinet has approved a proposal to release an advance of 3.94 billion rupees from the treasury to the Central Bank for the repayment of the second stage of Golden key depositors.The second stage covers deposits from 2 to 10 million rupees.The cabinet earlier approved a repayment schedule prepared […]
‘s Media
Oct 15, 2015 (LBO) – Former President Mahinda Rajapaksa who arrived at the ‘Presidential Commission to investigate large scale fraud’ has forwarded an initial objection over appointing High Court judges to the commission. Accordingly, the hearings of the case have been suspended till tomorrow. Releasing a statement, the former President’s media unit says summoning him […]
‘s cricket team gets stylish with off-duty kurtas
Al Karam Studio has designed an outfit for the women’s cricket team which will serve as their official non-playing kit, and we are big fans of the simple, feminine look.Images talked to the design team at Al Karam Studio about the outfit they’ve designed.“Keeping in mind that [the women’s cricket team] are seen as role […]
US economic expansion modest in past two months: Federal Reserve
Oct 15, 2015 (LBO) – The United States experienced a continued modest expansion in the past two months, releasing its district report yesterday, the US Federal Reserve said.Commonly known as the Beige Book, the report is published eight times per year and each Federal Reserve Bank gathers information on current economic conditions in its District […]
Two foreigners killed in Bangladesh worries business community
Oct 15, 2015 (LBO) – Two foreigners killed in Bangladesh has caught the attention of the international community with foreign business executives reconsidering their visits to Bangladesh. Italian aid worker Cesare Tavella and Japanese farmer Kunio Hoshi were both shot dead in similar style attacks a few days apart. Previously, attacks on foreigners were rare […]
Sri Lanka stocks close down 0.5-pct
Oct 14, 2015 (LBO) – Sri Lankan stocks closed down on Wednesday with continued losses in index heavy and banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 38.13 points at 7,040.32 down 0.54 percent. S&P SL20 closed 32.33 points lower at 3,778.88 lower 0.85 percent. “Investors are still keeping to […]