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Sri Lanka’s President Sirisena said special attention should be paid for educational reforms
May 07, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena says that special attention should be paid to the reforms to be done in the education sector taking into account today’s commercialized society. He was quoted in a statement saying that separating schools as Sinhala, Tamil and Muslim is not suitable in the current social […]
Sri Lanka’s vehicle registration up due to low interest leasing facilities and Yen depreciation
May 07, 2015 (LBO) – Sri Lanka’s vehicle registration grew 31.5 per cent to 429,556 in 2014, backed by low interest leasing facilities, Japanese Yen depreciation against Sri Lankan rupee, rise of hybrid vehicle imports and increase in of motor cycle registration, the Central Bank said. “The number of new vehicles registered during 2014 increased […]
Sri Lanka’s mobile internet usage grows 85.8-pct in 2014: CB
May 07, 2015 (LBO) – Sri Lanka’s total internet connections grew 68.4 per cent during 2014 largely supported by growth in mobile internet usage, a Central Bank report said. “Total internet connections grew by 68.4 per cent during 2014 raising internet penetration (connections per 100 persons) to 16.4,” a recent Central Bank annual report said. […]
Sri Lanka CDS to host regional training seminar for depositories
May 07, 2015 (LBO) – Sri Lanka Central Depository Systems (CDS) is to host the annual cross training seminar of the Asia-Pacific Central Securities Depository Group (ACG) in Colombo.CDS, a fully owned subsidiary of the Colombo Stock Exchange will host the event for the first time next Tuesday and Wednesday, CSE said in a statement. […]
Sri Lanka’s President Sirisena meets former President Rajapaksa (In Pics)
May 06, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena met former President Mahinda Rajapakse today at Parliament.
Sri Lanka stocks close down 0.14-pct
May 06, 2015 (LBO) – Sri Lanka’s stocks closed lower at 0.14 per cent, with investors taking profits from the market, brokers said. The Colombo benchmark All Share Price Index closed 9.82 points lower at 7,192.29 down 0.14 per cent. The S&P SL20 closed 5.15 points lower at 4,058.98 down 0.13 per cent. Turnover was […]
Sri Lanka’s Treasury bill yields drop: Central Bank
May 06, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with the 12-month yield dropping 04 basis points to 6.35 per cent, data from the state debt office showed.It was decided to accept 10,762 million rupees from the auction of 12 month yield.Data showed that 6-month yield was down, six […]
Sri Lanka postal service losses increase in 2014 despite tariff increase: Central Bank
May 06, 2015 (LBO) – Sri Lanka’s state-run postal service lost 3.0 billion rupees in 2014 up 4.4 per cent from a year earlier, due to use of alternate modes of communication and unchanged operational structure even though revenue rose 11 per cent to 6.6 billion rupees. “The Department of Posts (DOP) continued to experience […]
‘s Ceylon Petroleum Corporation record Rs. 1.7mn profit in 2014
May 06, 2015 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) reported a 1.7 million rupee profit in 2014 recording a turnaround from losses in 2013, the Central Bank said. “As per the provisional financial statements, CPC reported a profit of 1.7 billion rupees in 2014 compared to a loss of 7.9 billion rupees […]
Sri Lanka’s fiscal deficit target for 2015 highly unachievable: IMF
May 6, 2015(LBO) – Sri Lanka’s 2015 deficit target will likely be very difficult to reach even with relatively optimistic assumptions regarding revenue gains, International Monetary Fund said in a statement.“The fiscal deficit is a key concern for 2015 and the medium-term,” International Monetary Fund said. “Further, in the absence of new measures to create […]