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Asia stocks stutter as FBI probe of Clinton jolts markets
SINGAPORE, Oct 31 (Reuters) – Asian stocks got off to a shaky start on Monday after a renewed FBI probe of U.S. Democratic presidential candidate Hillary Clinton’s use of a personal email server sparked fresh tumult in markets, just days before the Nov. 8 presidential vote. The Japanese yen, seen as a safe-haven in times […]
Sri Lanka to sell 80 percent of southern Hambantota port to Chinese firm
Oct 28, 2016 (Reuters) – Sri Lanka will sell to a Chinese company 80 percent of a $1.5-billion port in its south, where China has also been offered an investment zone, in a bid to cut the country’s debt burden, Finance Minister Ravi Karunanayake said. The move follows an offer made by Prime Minister Ranil […]
CAMMS wins 2016 national ICT awards
(PRESS RELEASE) – CAMMS has won two awards at the National Best Quality ICT Awards (NBQSA) 2016,in Sri Lanka for its software solutions for the healthcare sector. The Enterprise Performance Management (EPM) and Business Intelligence (BI) Company won a Gold award in the Healthcare category for its product – SYCLE Health. CAMMS was also awarded […]
‘s moral suasion caps fall
Oct 28, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Thursday with the central bank raising the spot reference rate by 50 cents as higher importer dollar demand weighed on the currency, dealers said. However, moral suasion by the central bank prevented a steeper fall, they added. The central bank raised the spot […]
EU team to visit Sri Lanka next week on GSP+ application
Oct 28, 2016 (LBO) – A four member delegation from the European Parliament will visit Sri Lanka next week to look at the groundwork laid for a successful GSP+ application, a statement said. “The team will also discuss the progress on national reconciliation and ways to empower women politically and economically,” said the delegation of […]
Opinion: Budget 2017 expectations, unrealistic or achievable?
Oct 28, 2016 (LBO)- Gearing for the new budget in a few weeks time Finance Minister Ravi Karunanayake is optimistic about Budget 2017. An equity buyout for Hambantota port is on the cards, and the second IMF tranche will be back on track, although continued support for SriLankan Airlines is likely, Karunanayake said, speaking to […]
Sri Lanka backs Indian Ocean security at IORA
Oct 28, 2016 (LBO) – Sri Lanka’s Foreign Minister has called for the Indian Ocean Rim Association (IORA) to take collective steps to ensure security in the region while moving into a new era of dynamism. “It is necessary for IORA and its members to take collective steps to ensure the security of the Indian […]
India’s sub-sea power cable can be a solution for Sri Lanka: PUCSL
Oct 28, 2016 (LBO) – The planned laying of a sub-sea electricity cable to transmit power from India to Sri Lanka can be one solution to the island’s looming power crisis, a senior official said. “We see this as a solution, the Indo-sea cable has been in discussion for some time with a pre-feasibility also […]
Sri Lanka must balance reconciliation with accountability: Jayasuriya
Oct 28, 2016 (LBO) – Sri Lanka faces the challenge of balancing reconciliation with accountability in addressing the ethnic conflict, Karu Jayasuriya, speaker of the Parliament, said at the 135th assembly of the Inter-Parliamentary Union held in Geneva this week. “We are mindful of the necessity to rebuild trust and harmony through reconciliation which is […]