All Blogs
Opinion: Big banks exploit countries like Sri Lanka, probe finds
Sept 07, 2016 (LBO) – Big banks have turned to the powerful worldwide legal system and commandeered it for profit, exploiting countries like Sri Lanka in the process, according to a Buzzfeed probe. In 2006, big international banks presented officials who ran Sri Lanka’s state oil venture with a way to hedge against further price […]
Sri Lanka seeks USD250mn ADB assistance to develop capital markets
Sept 07, 2016 (LBO) – Sri Lanka’s Finance Ministry has sought the assistance of Asian Development Bank to develop the capital market in the island. Under this program 250 million US dollars will be borrowed at an annual interest rate of LIBOR plus 0.6 percent less a credit of 0.1 percent, a cabinet decision showed. […]
PTL Watch: Yields slip further, 10-yr at 11.58
[pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/09/PTL-Daily-Market-Report-07th-September-2016.pdf” title=”PTL Daily Market Report 07th September 2016″]
Sri Lankan rupee steady as dollar sales offset importer demand
COLOMBO, Sept 7 (Reuters) – The Sri Lankan rupee traded steady on Wednesday as dollar sales by exporters and banks to convert inward remittances offset the demand from importers for the greenback, dealers said. The spot rupee was flat at 145.43/45 per dollar at 0535 GMT, compared with Tuesday’s close of 145.43/48. One-week rupee forwards […]
Sri Lanka CDS signs MoU with Pakistani counterpart
Sep 07, 2016 (LBO) – Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), has signed a memorandum of understanding to strengthen cooperation on mutual development and knowledge sharing with the Central Depository Company of Pakistan. “The MoU indicates the continued commitment of the CDS to enhance cooperation within depositories […]
Secretary of the Ministry calls in High Commissioner of Malaysia
(Press Release) – The Secretary of the Ministry of Foreign Affairs called in the High Commissioner of Malaysia to the Ministry of Foreign Affairs to express the condemnation of the Government of Sri Lanka, on the assault carried out by a group of persons yesterday Sunday 4 September 2016, on Sri Lanka’s High Commissioner to […]
WHO certifies Sri Lanka malaria-free
(PRESS RELEASE) – Colombo, 5 September 2016: In a remarkable public health achievement, Sri Lanka was today certified by WHO on having eliminated malaria, a life-threatening disease which long affected the island country. “Sri Lanka’s achievement is truly remarkable. In the mid-20th century it was among the most malaria-affected countries, but now it is malaria-free. […]
Sri Lanka government and Muslim Council condemns Malaysia HC attack
Sept 07, 2016 (LBO) – Sri Lanka’s Muslim Council has vehemently condemned the attack on the country’s High Commissioner to Malaysia, Ibrahim Ansar, and the chief monk of a Sri Lankan Buddhist temple in Sentul, Ven. Sri Saranan. “This dastardly act has no parallel in the diplomatic history of Malaysia and Sri Lanka,” the council […]
Sri Lanka says no accord with India to modernize Palali Airport
Sept 06, 2016 (LBO) – Sri Lanka’s government told Parliament today that there is no agreement signed with the Indian government or with an Indian Company to modernize the Palali Airport in Jaffna. Prime Minister Ranil Wickremesinghe, however, said that the Airport Authority of India has carried out a feasibility study on the Palali airport. […]
Finance Ministry to facilitate purchasing system for farmers
Sep 06, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government has taken steps to drive the traditional agriculture based economy into manufacturing economy with foreign investments that create one million job opportunities in times to come. “It is needed to shift the policy of protectionism given for agricultural produce into […]