All Blogs
World Bank raises 2017 forecast for crude oil to USD55 per barrel
Oct 21, 2016 (LBO) – The World Bank is raising its 2017 forecast for crude oil prices to 55 US dollars per barrel from 53 per barrel following OPEC’s preparation to limit production. Energy prices, which include oil, natural gas and coal, are projected to jump almost 25 percent overall next year, a larger increase […]
Asia stocks slip as stronger dollar weighs on crude oil prices
TOKYO, Oct 21 (Reuters) – Asian stocks were mostly lower on Friday as the dollar climbed to seven-month highs against a basket of currencies and dragged down crude oil prices, cooling investor risk appetite. The greenback was boosted by a fall in the euro after the European Central Bank shot down talk it was contemplating […]
Opinion: Is electricity from Norachcholai coal power plant cheap?
By Vidhura Ralapanawe CEB (and the CEBEU) has been touting a cost of 5-6 Rupees for Norachcholai, saying that it is cheap. PUCSL approves the CEB’s bulk supply tariff every six months, and based on the last such approval, the fuel cost is Rs 5.75/kWh (based on a USD80/tonne delivered), the fixed cost (maintenance, salaries […]
LBR LBO Debrief – Economic & Business Climate Outlook 2017
Topic: LBR LBO Debrief – Economic & Business Climate Outlook 2017 Date/Time/Venue: 29th November 2016 – OAK Room, Cinnamon Grand Host: Lakshaman Bandaranayake | Founding Publisher, Director | Lanka Business Online Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 Hotline | 071 466 0060 | debrief@lbo.lk Registration Fee: (Pre VAT and NBT) Registration fee […]
UN official urges Sri Lanka to take stronger measures to protect minorities
Oct 20, 2016 (Reuters) – Sri Lanka’s government must “clearly demonstrate” its political will and commitment to better protect the Indian Ocean island’s minorities by taking urgent steps to resolve post-war issues, a United Nations rights expert said on Thursday. Since the end of a 26-year war in May 2009, successive Sri Lankan governments have […]
Opinion: ‘Drexit’ from Bribery Commission – The good, bad & ugly
By Chrishmal Warnasuriya So His Excellency the President has ended all speculation and accepted the resignation. If the exit of Britain from Europe was “Brexit”, the resignation of our learned friend Dilrukshi from the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) must surely be our very own “Drexit”; at least for the massive sensationalism […]
Ceylon Chamber welcomes relaxing export proceeds rule
Oct 20, 2016 (LBO) – Ceylon Chamber of Commerce has welcomed the move to ease the rule on repatriation of export earnings, increased from the earlier 90 days to now 120 days, as formalized by a Gazette notification issued recently. The Chamber pointed out that this rule hurts Sri Lanka’s export competitiveness, compromises export orders, […]
Sri Lanka allocates Rs1.8tn for 2017 in Appropriation Bill
Oct 20, 2016 (LBO) – Sri Lanka’s government has allocated 1,819 billion rupees to meet the estimated expenditure requirements of next year through the appropriation bill presented to the Parliament today. Presenting the bill, Finance Minister Ravi Karunanayake said the cabinet approval has duly been granted for the bill. As per the released bill, the […]
PTL Watch: Shorter term bond yields tick higher
[pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/10/PTL-Daily-Market-Report-20th-October-2016.pdf” title=”ptl-daily-market-report-20th-october-2016″]
UNDP allocates USD 38mn to support dry zone communities in Sri Lanka
Oct 20, 2016 (LBO) – The United Nations Development Programme announced the commencement of a 38.1 million dollar project under the Green Climate Fund to improve agriculture-based livelihoods of farmers in the dry zone. “The project will allow assistance to be provided to 770,000 people in three river basins – Malwatu Oya, Yan Oya and […]