All Blogs
Credit Trend
Jan 13, 2014 (LBO) – Credit to business and personal customers rose 22.3 billion rupees in November 2013 to 2,519 billion rupees, up 7.3 percent from a year earlier, while loans to the state fell, official data showed.Loan to deposit ratios can deteriorate as the Central Bank expands its balance sheet by purchasing securities from […]
US Call
COLOMBO, January 12, 2014 (AFP) – The United States called Sunday for Sri Lanka to investigate rights abuses by security forces after a top envoy completed a fact-finding mission to the island, the US embassy in Colombo said.US State Department war crimes investigator Stephen Rapp “listened to eyewitness accounts about serious human rights abuses” during […]
Funding Channel
Jan 12, 2014 (LBO) – Private equity can help fast growing small and medium enterprises looking for finance Jupiter Capital Partners which is organizing a seminar targeting the sector said.“There are a lot of small medium and enterprise with very interesting business models who cannot grow without traditional banking and finance cannot accommodate them,” Indika […]
Sri Lanka authorities in talks over Paypal freedoms
Jan 12, 2014 (LBO)- Sri Lanka’s monetary and information technology authorities are in discussions over freeing Paypal inward payments for citizens in the country, Central Bank Governor Nivard Cabraal said.Sri Lanka had full capital mobility for several centuries until the establishment of a money printing central bank in 1951, which led to currency depreciation due […]
Dominant Sri Lanka beat Pakistan in second cricket Test
DUBAI, January 12, 2014 (AFP) – Sri Lanka produced a professional performance to register their biggest victory over Pakistan by nine wickets in the second Test in Dubai, taking a 1-0 lead in the three-match series. Lakmal then had Rahat Ali caught behind for eight, for Prasanna Jayawardene’s ninth catch in the match. Prasanna equalled […]
‘s resistance to foil Sri Lanka
DUBAI, January 11, 2014 (AFP) – Skipper Misbah-ul Haq led Pakistan’s resistance with a gritty 97 to thwart Sri Lanka’s victory bids on the fourth day of the second Test in Dubai on Saturday. Misbah missed his sixth Test hundred by a mere three runs but a career best 70 not out by Sarfraz Ahmed […]
Sri Lanka president to test popularity with local polls
COLOMBO, January 12, 2014 (AFP) – Sri Lanka on Sunday called snap local elections seen as a gauge of President Mahinda Rajapakse’s popularity ahead of national polls expected to be held later this year, officials said.The southern and western provincial councils, the highest level of local government, have been dissolved, clearing the way for local […]
Sri Lanka protests US war crimes remarks
COLOMBO, January 10, 2014 (AFP) – Sri Lanka said Friday it would protest to the United States over its allegations that army shelling killed hundreds of families during the final days of the island’s ethnic civil war. Sri Lanka maintains that not a single civilian was killed by troops and in November ordered a census […]
Sri Lanka stocks end higher
Jan 10, 2014 (LBO) – Sri Lanka stocks close up 0.23 percent for the fourth consecutive day with banking and property stocks gaining, brokers said. Lanka Orix Leasing Company closed 50 cents lower at 71.50 rupees and Sri Lanka Telecom closed flat at 37.10 rupees. Aitken Spence closed 1.40 rupees higher at 106.20 rupees and […]
Staff Policy
Jan 10, 2014 (LBO) – Sri Lanka’s finance companies which are being encouraged to merge with one another should not retrench staff, Central Bank Governor Nivard Cabraal said. The monetary board, the decision-making body of the Central Bank has decided on the move at a meeting Thursday. “In the event of a consolidation or merger […]