Author: lbostgadmin
Sri Lankan shares hit more than 2-wk closing low led by banks
Dec 16, 2016 (Reuters) – Sri Lankan shares fell for a third straight session on Friday to close at their lowest in more than two weeks, as a dollar rally to a 14-year peak after an interest rate increase by the U.S. Federal Reserve earlier this week kept investors subdued. The 25-basis-point rate increase could […]
‘s People’s Bank unveils new corporate logo
People’s Bank proudly launched its new logo recently to reflect the Bank’s evolution to keep pace with new global banking trends and to cater to fast-changing aspirations of customers. Reflecting trust, sophistication and efficiency, the symbolic hands in the new logo represent good governance and the peoples’ co-operation and unity. This initiative reflects People’s Bank’s […]
Sri Lankan rupee closes steady; state-controlled bank sells dollars
Dec 16, 2016 (Reuters) – The Sri Lankan rupee came off early falls to close almost steady on Friday as a state-controlled bank sold dollars, dealers said. The rupee is still under pressure as banks bought the greenback after the central bank raised the spot reference rate on Thursday and the U.S. Federal Reserve on […]
US Millennium Challenge selects Sri Lanka for 5-Year grant
Dec 16, 2016 (LBO) – Sri Lanka has been selected for the US Millennium Challenge Corporation’s (MCC) new five-year grant compact which aims at encouraging economic growth and reduce poverty. At its quarterly meeting on December 13, 2016, the MCC’s Board of Directors selected Sri Lanka, Burkina Faso and Tunisia for these new MCC compacts, […]
Sri Lanka and Tajikistan strengthen trade and investment ties
“Sri Lanka is keen to strengthen economic relations and explore new vistas for bilateral trade engagements with Tajikistan”, stated Hon. Dr. Harsha de Silva, Acting Minister of Foreign Affairs, when he made the welcome remarks at the Sri Lanka- Tajikistan Business Meeting held on 14th December 2016 in Colombo. The Business Meeting was held to […]
Prime Minister thanks Navy Commander for rescuing ships
Dec 15, 2016 (LBO) – Sri Lanka’s Prime Minister today expressed his gratitude to the Navy Commander and the entire staff for rescuing the two ships that were forcibly detained at the Hambantota Port. Prime Minister Ranil Wickremasinghe revealed that a Bill has been sent by K-Line shipping company mentioning that a loss of 400,000 […]
‘s economy grew 4.1-pct in third quarter
Dec 15, 2016 (LBO) – Sri Lanka’s economy grew 4.1 percent in the third quarter of 2016 with strong growth construction, a statement said. “During the third quarter of 2016, industrial activities recorded a significant increase in overall growth rate, at 6.8 percent, while the services activities have grown by 4.7 percent, compared to the […]
Teejay Lanka replaces Ceylinco Insurance in new S&P SL20 rebalance
Dec 15, 2016 (LBO) – Colombo Stock Exchange today announced changes to the S&P Sri Lanka 20 index made by S&P Dow Jones Indices at the 2016 annual index rebalance. As announced by S&P Dow Jones Indices, effective from 19 December 2016 (after the market close), Ceylinco Insurance will be removed from the S&P Sri […]
‘s President arrives in Malaysia
President Maithripala Srisena arrived at the Kualalumpur International Airport this afternoon (December 15) commencing his 3-day state visit to Malaysia. He was received by the Malaysian Human Resource Development Minister Dato Sri Richard Riot Anak Jaem and senior officials. The staff members of the Sri Lanka High Commission and their family members were also present […]
Gulf Air & Jet Airways to launch new Colombo flights from January 2017
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