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Sri Lanka Central Bank blocks taking out of Perpetual profits: Harsha
Jan 25, 2017 (LBO) – Sri Lanka’s Central Bank has blocked Perpetual Treasuries from taking out the company profits for any purpose, Deputy Foreign Minister Harsha de Silva said on Tuesday. Speaking at the bond debate in Parliament, de Silva pointed out that the Central Bank Governor and the Monetary Board has acted in a […]
Sri Lankan shares hit near 10-mth closing low
Jan 24, 2017 (Reuters) – Sri Lankan stocks closed at their lowest in nearly 10 months on Tuesday, dragged down by banking and telecom shares, as concerns over rising interest rates and ongoing political instability weighed on sentiment. The Colombo stock index ended 0.45 percent lower at 6,134.41, its lowest close since April 4. “Not […]
Watch the West, Reach Out To The East: Stan Chart Economist
Jan 24, 2017 (LBO) – Sri Lanka should keep a keen eye on the developments in the West, the traditional export markets, but should reach out to the East for trade and investments, an economist said. Chief Economist of Standard Chartered Bank for Asia, David Mann was responding to LBO’s question on what should be Sri […]
Former Governor Mahendran “NOT” working at Ministry: Ravi
Jan 24, 2017 (LBO) – Sri Lanka’s Finance Minister has denied reports that former Governor of the Central Bank, Arjun Mahendran is attached to his ministry or the Central Bank, a statement said. “The Ministry of Finance wishes to inform that Arjun Mahendran, the former Governor of the Central Bank of Sri Lanka, is not working in […]
JVP calls Speaker to take over controversial bond investigations
Jan 24, 2017 (LBO) – Sri Lanka’s Marxist JVP today demanded that Speaker Karu Jayasuriya takes over the future course of action against the controversial bond issue under him. Speaking at the bond debate in Parliament, JVP leader Anura Kumara Dissanayake emphasized that they have no faith over the investigations of the government. “We propose […]
CA Sri Lanka joins Chartered Accountants Worldwide
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has become the eleventh member of international body Chartered Accountants Worldwide. CA Sri Lanka is the sixth Chartered Accountancy body to be awarded Associate membership to the organisation since it was launched in February 2013. As an Associate Member, CA Sri Lanka joins a […]
Sri Lankan rupee eases on importer dollar demand
Jan 24, 2017 (Reuters) – The Sri Lankan rupee eased on Tuesday as importer dollar demand outpaced mild greenback sales by exporters, while the market expects the downward pressure to continue until some steady foreign inflows come in, dealers said. Rupee forwards were active, with two-week forwards trading at 151.05/20 per dollar at 0615 GMT, […]
Sri Lanka returns to Spanish market after a decade
Sri Lanka made a significant impact at the 37th International Tourism Trade Fair (FITUR), in Madrid, Spain from 18th to 22nd January. This event, organized by IFEMA, brought together 9,672 tourism companies, institutions and bodies from 165 countries and regions making it the third largest tourism fair in Europe. Sri Lanka participated at this fair […]