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Hutch hosts Group Roaming Conference in Sri Lanka
(PRESS RELEASE) – Group Global Roaming Conference where representatives from Hutchison mobile companies in United Kingdom, Europe and Asia were present to discuss way forward roaming strategy and collective initiatives. As global roaming rates remain to be a hot topic amongst overseas travelers around the globe, discussions at the conference ensued on the application of […]
First blockchain trade in cotton from Texas to China
Oct 24, 2016 (LBO) – Australia’s Commonwealth Bank and Wells Fargo have used blockchain, the technology behind the digital currency bitcoin that can secure financial transactions, in the first global trade transaction involving a shipment of cotton. The shipment of cotton was from Texas to Qingdao in China — the trade involved an open account […]
Asian stocks subdued, dollar hovers near 9-month high
TOKYO, Oct 24 (Reuters) – Asian stocks were subdued early on Monday after Wall Street’s sluggish performance at the end of last week, while the dollar hovered near nine-month highs as fresh comments from a Federal Reserve official boosted bets of a rate hike by year-end. MSCI’s broadest index of Asia-Pacific shares outside Japan inched […]
Acceptance of e-documents an urgent matter: Sri Lankan companies
Oct 24, 2016 (LBO) – Sri Lanka’s trading companies say acceptance of electronic documents is a matter that requires urgent attention. The Import Section of the Ceylon Chamber of Commerce in partnership with Verité Research held a round-table discussion on “Acceptance of Electronic Documents: One small step for the government, one giant leap for businesses” […]
Sri Lanka inflation accelerates to 4.7-pct in September
Oct 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose to 4.7 percent in September from the 4.5 percent reported a month ago, data from the state statistics office showed. In September contribution to the inflation from food group was 2.1 percent while non-food group was 2.7 percent. […]
‘s proposed debenture BBB+(lka)(EXP)
Fitch Ratings has assigned Abans PLC’s (Abans; BBB+(lka)/Stable) proposed senior unsecured debenture issue of up to LKR1.5bn a National Long-Term Rating of ‘BBB+(lka)(EXP)’. The debentures will have tenors of three, four and five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange, with the proceeds to […]
Sri Lankan rupee steady; importer demand offsets exporter dollar sales
Oct 21, 2016 (Reuters) – The Sri Lankan rupee was trading steady on Friday, with dollar demand by importers offsetting conversions of the U.S. currency by exporters, said dealers. Rupee forwards were active, with the spot-next at 147.45/55 per dollar as of 0701 GMT, little changed from its previous close of 147.45/50. The spot rupee […]
Sri Lanka to issue gazette reducing essential drug prices today
Oct 21, 2016 (LBO) – The special gazette notification announcing the price reduction of 48 essential medical drugs will be issued midnight today, Health Minister Rajitha Senaratne said. Senaratne said that the prices of drugs will be reduced up to 85 percent through this gazette notification. The 48 essential medicines include those used in the […]