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”s internal matters: Chinese FM
Jan 14, 2020 (LBO) – China stands for Sri Lanka’s sovereignty, territorial integrity and independence and will not allow any outside influences to interfere with matters that are essentially internal concerns of Sri Lanka, Foreign Minister of China said. Visiting Foreign Minister of China Wang Yi who called on the President at the Presidential Secretariat […]
Galle Port to be developed as a tourist port with new Yacht Marina Zone
Jan 14, 2020 (LBO) – Sri Lanka will commence the breakwater development of the Port of Galle and to dock all passenger vessels to Galle at the outer port area to further strengthen facilities for tourism promotional activities at the port. State Minister of Ports Development Kanaka Herath during a special inspection visit at the […]
World Bank forecasts Sri Lanka’s growth at 3.3-pct in 2020
Jan 14, 2020 (LBO) – The World Bank has forecast Sri Lanka’s economic growth for 2020 at 3.3 percent, the bank said in a statement. In its latest report of “World Bank’s January 2020 Global Economic Prospects,” the World Bank said for 2021 and 2022, it maintains the same forecast of 3.7 percent of economic […]
President requests Japan to invest in high tech assembly plants in Sri Lanka
Jan 13, 2020 (LBO) – Measures will be taken to further strengthen long-standing bilateral relations between Japan and Sri Lanka, Japanese State Minister for Regional Revitalization Kozo Yamamoto said. Minister Yamamoto made these remarks when he paid a courtesy call on President Gotabaya Rajapaksa at the Presidential Secretariat today (13). Sri Lanka is secured and […]
VIDEO: Why is India’s growth slowing?
India is one of the world’s fastest-growing large economies, sometimes being touted as a potential economic and geopolitical counterweight to China. Recently, however, its growth fell to its slowest pace in six years. So what’s causing this slowdown, and how can it be reversed? CNBC’s Tom Chitty explains.
US Principal Deputy Assistant Secretary Alice Wells travels to Sri Lanka
Jan 10, 2020 (LBO) – Principal Deputy Assistant Secretary of State for South and Central Asian Affairs Alice Wells will travel to Sri Lanka, India, and Pakistan, from January 13-22. From January 13-14, she will be in Colombo, Sri Lanka, to meet with senior government officials and members of civil society to discuss a range […]
Sri Lanka official reserves improve to USD7.6bn by end December
Jan 09, 2020 (LBO) – Sri Lanka’s gross official reserves were 7,638.5 million US dollars by the end of December last year, up from 7,520.4 million US dollars in November, the latest Central Bank data showed. By the end of December, the foreign currency reserves were 6,609.1 million dollars while the reserve position in the […]
‘s John Keells Holdings
Jan 09, 2020 (LBO) – Institutional brokerage services provider Citigroup Global Markets Ltd has purchased the entire stake from Broga Hill Investments, broker CT CLSA Securities said in a stock exchange filing. Accordingly, Citigroup Global Markets Ltd agency trading prop securities A/C has acquired 141,854,717 shares of JKH, at 160.00 rupees per share, representing 10.76 […]
Broga Hill Investments sells its stake in John Keells Holdings
Jan 09, 2020 (LBO) – Special-purpose investment vehicle of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, Broga Hill Investments Limited has sold its stake in John Keells Holdings for 22.6 billion rupees. 141,854,717 shares equivalent to 10.8 percent of John Keells Holdings has sold to a foreign buyer today morning at 10.03 am. Broga Hill […]
Foreign Ministers of China & Russia to visit Sri Lanka
Jan 09, 2020 (LBO) – Foreign Ministers of China & Russia will meet their Sri Lankan counterpart during a transit visit to the country next week, Ministry of Foreign Relations revealed. Accordingly, visiting Minister of Foreign Affairs of Russia, Sergey Lavrov will hold a bilateral meeting and a joint media conference with Dinesh Gunawardena, Minister […]