Author: lbostgadmin
Sri Lanka’s Commercial Bank to raise Rs7bn from listed debenture
Oct 14, 2016 (LBO) – Sri Lanka’s Commercial Bank is to raise 7.0 billion rupees from a listed debenture issue, the bank said in a stock exchange filing. The bank has decided to issue rated, unsecured, subordinated, redeemable debentures worth 5.0 billion rupees with an option to go up to 7.0 billion rupees. The proposed […]
Sri Lankan rupee steady; importer dollar demand offsets exporter sales
Oct 14, 2016 (Reuters) – The Sri Lankan rupee traded steady on Friday for a second straight session as dollar demand from importers offset exporter sales of the U.S. currency in the absence of central bank intervention, dealers said. The spot rupee was steady at 146.90/95 per dollar at 0546 GMT. Rupee forwards were not […]
PTL Watch: Bond yields tick higher for second week
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Sri Lanka to draft new counter terrorism law: Cabinet
Oct 14, 2016 (LBO) – Sri Lanka has appointed a committee to draft a new counter terrorism law, a statement on cabinet decisions said. “A committee chaired by the Minister of Law and Order and Southern Development has been appointed to draft a new counter terrorism law instead of the existing Prevention of Terrorism Act, […]
Sri Lanka Customs says information on fraud will be rewarded
Oct 14, 2016 (LBO) – Sri Lanka’s Customs says information regarding customs fraud will be rewarded, without giving details of the extent of the reward. All those who have information can contact the CIU on +94112471471, the department said on its website. Sri Lanka is currently exploring a draft policy to protect ‘whistleblowers’ to strengthen […]
Asia stocks, dollar edge up on China inflation data relief
TOKYO, Oct 14 (Reuters) – Asian stocks and the dollar bounced on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data eased some concerns about the health of world’s second-biggest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.4 percent after dropping 1.1 percent on Thursday, when weak […]
Verizon may renegotiate Yahoo deal after data breach
Oct 14, 2016 (LBO) – Verizon Communications Inc. may renegotiate its 4.8 billion dollar deal for Yahoo Inc. following the internet company’s recent disclosure of a data breach that affected more than 500 million accounts. Verizon’s General Counsel Craig Silliman said it was reasonable to believe that the breach represented a material event that could […]
Ravi Karunanayake complains to CID over fake social accounts
Oct 14, 2016 (LBO) – Finance Minister Ravi Karunanayake has complained to the CID that fake facebook and twitter accounts have been carried out in his name. The accounts are under the names of Ravi Karunanayake Lanka Intelligence and Ravi Karunanayake @RavikOfficial. “I have no connections whatsoever with these two pages which publishes news detrimental […]
Sri Lanka wants to move up 40 steps in ease of doing business
Oct 13, 2016 (LBO) – Sri Lanka is expected to reach 60th or a higher place in the world ease of doing business index in two years, a minister said. State Minister of International Trade Sujeewa Senasinghe told the World Export Development Forum that the government wants to create a conducive environment for local businesses. […]
FDI key for trade and export growth: Chinese Minister
Oct 13, 2016 (LBO) – Foreign direct investment (FDI) plays a very important role for a country to develop its trade and export growth, a senior Chinese official said. “FDI is important for trade growth as it brings money, technological advantages and the latest management ideas which drive indigenous and innovative growth,” Wang Shouwen, Vice […]