Sri Lank plans annual shopping festival for foreign, local shoppers

Feb 03, 2016 (LBO) – Sri Lanka plans to commence an annual shopping festival with the participation of the Sri Lanka Retailers’ Association targeting both foreign and local shoppers. Representatives of companies such as The Factory Outlet, DSI, KPMG, Swarnamahal Jewellers, Hameedia, Singer, Softlogic Retail, Exclusive Lines and Mydeal.lk met with the Minister of Finance […]

Asian stocks shaky ahead of U.S. jobs data, China markets

HONG KONG, Feb 3 (Reuters) – Asian stocks got off to a tentative start on Friday, as investors await the outcome of a key U.S. monthly jobs report that will set the tone for the Federal Reserve’s policy outlook and as China’s markets reopen after a week-long break. MSCI’s broadest index of Asia-Pacific shares outside […]

South Korea court to declare shipping giant Hanjin bankrupt

Feb 02, 2017 (LBO) – South Korea’s shipping giant Hanjin Shipping is expected to be declared bankrupt this month, foreign media reports said. The Seoul Central District Court told media that it would end court receivership and declare the company bankrupt on February 17 following a two-week period for appeals. Demise of Hanjin Shipping is […]

RDA to obtain Rs23bn for Central Expressway phase II

Feb 01, 2017 (LBO) – Sri Lanka’s Cabinet has decided to obtain part of the funds for the construction of phase II of Central Expressway Project from two state banks. The government has identified it as one of its priority projects for promoting economic development in the country by improving connectivity among various regions, a […]

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