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‘s inflation is at 2.1-pct in December 2014: Central Bank
Jan 01, 2015 (LBO) –Sri Lanka inflation up to 2.1percent in December 2014 from to 1.5 percent in November 2014, the Central bank of Sri Lanka said in a media release. The data is based on the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is computed by the Department of Census and […]
Sri Lanka Treasury bill yields flat
Dec 23, 2014 (LBO) –Sri Lanka’s Central Bank re-issued of 12,000 million rupees maturing Treasury bills was oversubscribed with bids amounting to 36,335 million rupees being received, data from the state debt office showed.The 12-month yield increased at 6.01 percent from 6.00 percent at the previous auction, and 10,960 million rupees were accepted data from […]
Korea Exim bank to loan USD 79 mn for water supply projects in Sri Lanka
Dec 31, 2014 (LBO) – The Export-Import Bank of Korea signed a total 79 million dollars’ worth Economic Development and Cooperation Fund (EDCF) loan agreement with the Ministry of Finance and Planning of Sri Lanka to decrease the incidence of water borne diseases. The fund will be allocated to set up water supply systems in […]
’s Central bank to provide 12 pct interest scheme for senior citizens
Dec 30, 2014 (LBO) – Sri Lanka’s Central Bank to provide 12 percent annual interest rate scheme for deposits of citizens over 60 years of age, who maintain fixed deposits totaling up to 2,500,000 rupees in licensed banks, will be eligible to receive an annual interest income of up to 300,000, rupees with effect from […]
Sri Lanka Muslim Party to support Maithri
Dec 29,2014 (LBO) – Sri Lanka’s main Muslim party, Sri Lanka Muslim Congress Sunday quit the government and pledged support to the opposition Candidate Maithripala Sirisena at the forthcoming Presidential Election, a media report said. Muslims, the second largest minority in the island after Hindu Tamils, account for about 10 percent. Sri Lanka Muslim Congress […]
Heavy Rains and Floods force a 660,000 Sri Lankans from homes
Dec 26, 2014 (LBO) – Heavy raining and flooding in Sri Lanka has forced about 663228 people out of their homes, the disaster management center (DMC) said Thursday. It is also said, that cloudy skies and intermittent showers or thundershowers will occur over most parts of the country and very heavy falls are also likely […]
Mobile Market
Dec 25, 2014 (LBO) – Sri Lanka’s mobile phone sales reached one million unities in the third quarter of 2014 while smart phone shipment up by 100 percent which accounts for 20 percent of the total sales, a market report said. In the smartphone market segment, Samsung leades with a 20.6 market share followed by […]
SriLankan Airline and Mihin Lanka had become White Elephants: Maithri
Dec 24, 2014 (LBO): Sri Lanka’s State-run SriLankan Airlines and Mihin Lanka, a budget airline had become White Elephants, destroying the money of the common man, common opposition Presidential candidate Maithripala Sirisena said. œMihin Air is a massive national robbery which has been done openly, Sirisena said at a business forum yesterday. œThis was done […]
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Dec 24,2014 (LBO)- Sri Lanka’s opposition leader Ranil Wickremesinghe said that he would deal directly with the International Monetary Fund (IMF) in Washington instead of dealing with the ˜local jokers’ if they formed a new government. He made this comment speaking about the IMF Fund assessment which was okay with the exchange rate. œYou are […]
Opposition presidential candidate Sirisena says the govt has not given enough freedom for businesses in Sri Lanka
Dec 24, 2014 (LBO) – Opposition’s common presidential candidate Maithripala Sirisena said that the government had not given enough freedom for business community of Sri Lanka to do business activities and entertain only certain businesses who supported government policy regime. œNeither the OPEC nor any other international guru or super economist couldn’t predict the oil […]