Author: lbostgadmin
Asia stocks pull ahead, investors on edge before BOJ verdict
HONG KONG, Sept 21 (Reuters) – Asian shares got off to a tentative start on Wednesday, while the yen was steady as investors braced for the outcome of the Bank of Japan’s policy meeting amid heightened speculation the central bank will make crucial changes to its massive easing programme. The BOJ is expected to make […]
No liberalization of professionals under upcoming FTAs: Kelegama
Sept 20, 2016 (LBO) – Sri Lanka’s bilateral free trade agreements that are currently being considered have no liberalization of professionals, a senior official confirmed. Sri Lanka is currently negotiating with India to deepen the existing Indo-Lanka FTA via Economic and Technology Cooperative Agreement (ETCA), and is talks with China and Singapore to sign bilateral […]
Sri Lankan rupee edges up on state bank dollar sales
Sept 20, 2016 (Reuters) – The Sri Lankan rupee gained slightly on Tuesday as a state bank sold dollars after the local currency fell due to importer greenback demand, with traders unwilling to trade the rupee below the level desired by the central bank, dealers said. The spot rupee was at 145.80/146.00 per dollar at 0638 […]
GAAM: Foreign inflow of Rs484 mln into stocks for week
The Guardian Acuity Asset Management weekly report can be downloaded here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/09/Weekly-Report-GAAM-17-09-16.pdf” title=”weekly-report-gaam-17-09-16″]
Fitch affirms Bimputh Finance at BB(lka); outlook stable
Fitch Ratings has affirmed Bimputh Finance PLC’s (Bimputh) National Long Term Rating at ‘BB(lka)’. The Outlook is Stable. KEY RATING DRIVERS Bimputh’s rating reflects its relatively small but evolving franchise and high risk appetite stemming from its predominant micro financing exposure. The rating also reflects pressure on the company’s capitalisation stemming from its above average loan growth and limited funding diversity […]
Commercial Bank launches new series of ‘Cash Deposit & Withdrawal’ machines
(PRESS RELEASE) – The Commercial Bank of Ceylon has launched a new generation of machines that offersseveral new advancements on the standard ATMs and deposit machines, including cash deposits that are credited instantly. Sri Lanka’s largest private bank said it will beinstalling ‘Cash Deposit & Withdrawal’ machinesin stages within its 251 strong branch network. Card-less […]
New Zealand pledges to develop milk production in Sri Lanka
Sep 20,2016 (LBO) – New Zealand says that it will extend its full assistance to develop the milk production sector in Sri Lanka, the finance ministry said in a statement. “New Zealand expects to provide Sri Lanka new technology, industry expertise and certain grants to enable the island to improve its milk production,” Grahame Morton, […]
Interview: Sri Lanka stock earnings +6 pct in June quarter, valuations improve
Sept 20, 2016 (LBO) – Sri Lankan listed companies posted earnings of 49.9 billion rupees in the quarter to June, up six percent from the same quarter last year, according to Acuity Stockbrokers. Together with a depressed market, this means valuations have improved. Lanka Business Online spoke to Chethana Ellepola, head of research at Acuity […]
Clearpoint Residencies structural work complete, ready for occupation 2017
Maga Engineering, announced that it has completed the building structure of its flagship residential project, the 48-storey Clearpoint Residencies, set to be the world’s tallest vertical garden upon completion. Clearpoint now stands at 185m and is presently the second tallest building structure in Sri Lanka, second only to Grand Hyatt Colombo which is also beingbuilt […]
Asia stocks waver as investors nervously await Fed, BOJ
TOKYO, Sept 20 (Reuters) – Asian shares edged lower on Tuesday as investors nervously waited on the outcomes of the Federal Reserve and Bank of Japan policy meetings that begin later in the session. Global markets have been blowing hot and cold in recent weeks over the Fed’s intentions, not helped by both hawkish and […]
EFL appoints S Senthilnathan as CEO, Peter Larsen joins as COO
(PRESS RELEASE) – EFL announced the appointment of key personnel to the company’s headquarters in Colombo with S. Senthilnathan being promoted to CEO while former DSV Regional Director Peter M Larsen assumed the role of COO. Mr. Senthilnathan, who joined Expo Group in 1996, is the co-founder and chief architect behind the establishment of EFL’s […]
Mastercard accelerates search for startups in Asia Pacific
(PRESS RELEASE) – Applications currently being accepted for Start Path Global 2016 year-endclass To tweet this news, copy and paste: NEWS: @MAStartPath in search of innovative #startups; #StartPathGlobal now accepting applications till 11 Oct ’16 http://news.mstr.cd/2cypD6u Whether it is to scale their business or drive profitability, startups are increasingly looking to collaborate with corporates toboth […]