Author: lbostgadmin
UNDP innovates to meet growing aspirations in Asia and the Pacific
(PRESS RELEASE) – The UN Development Programme (UNDP) has leveraged low-cost innovations, knowledge exchanges between countries in the region, and emerging technologies, to provide new opportunities to some of the most marginalized communities in the Asia-Pacific region, says its 2015-16 Results Report. In breaking from traditional development models, and in trying to ensure that ‘no […]
Sri Lanka should add 1275MW to grid by 2020: PUCSL
Sep 19, 2016 (LBO) – Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has given the nod for the Ceylon Electricity Board’s (CEB) to add 1,275 megawatts of power to the national grid during next four years through the least cost long term generation expansion plan (LCLTGEP) 2015 – 2034. “The plants listed in the […]
Sri Lankan rupee edges down on importer dollar demand; stocks fall
COLOMBO, Sept 19 (Reuters) – The Sri Lankan rupee traded weaker on Monday as importer dollar demand surpassed selling of the U.S. currency by exporters, dealers said. The spot rupee was traded at 145.80/95 per dollar at 0625 GMT, slightly weaker from Thursday’s close of 145.75/85. One-week forwards were at 146.05/20, compared with the previous […]
PTL Watch: Yields tick higher on low volumes
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CA Sri Lanka confers ACA designation to 318 new Chartered Accountants
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently conferred the distinguished Associate Chartered Accountants (ACA) designation to 318 new chartered accountants at its 2016 Annual Convocation. The convention was held under the patronage of Mr. Timothy Speldewinde, Group Director of MAS Holdings and Mr. Lasantha Wickremasinghe, President of CA Sri Lanka […]
London Stock Exchange fills 100 tech jobs in Sri Lanka
Sept 19, 2016 (LBO) – London Stock Exchange Group said its Business Services division (LSEG BSL) in Sri Lanka has completed the first stage of its set-up operations, with over 100 tech sector professionals recruited. Set up in May 2016, the new 26,000 sq ft technology centre at Expert City in Maradana, will be manned […]
Central Bank to introduce repo transactions on electronic platform
Sept 19, 2016 (LBO) – Sri Lanka’s Central Bank is considering introducing the repurchase and reverse repurchase transactions to the Bloomberg electronic bond trading platform. All primary dealers had joined this platform for government securities secondary market transactions starting from August, while commercial banks joined the platform from 15th September 2016. “All stakeholders have now […]
Socio-economic development key for NAM countries: Samarasinghe
Sep 19, 2016 (LBO) – Socio-economic development should be at the top on the agenda for Non-Aligned Movement (NAM) countries, Mahinda Samarasinghe, minister and special envoy of President Maithripala Sirisena, said at the 17th NAM Summit. Education and greater access for women are also important issues that need to taken up, he said. “Socio-economic development […]
Textured Jersey executives meet investment funds in U.S.
Sept 19, 2016 (LBO) – Textured Jersey Lanka PLC executives Moiz Rehmanjee and Rodney Arland were in the U.S. last week to meet global investment funds, as part of a non-deal roadshow. Rehmanjee is chief operating officer for commercial, and Arland is chief operating officer for marketing/business development. The two executives were hosted by institutional […]
Sri Lanka vehicle registrations rebound from July lows: JB
Sept 19, 2016 (LBO) – Sri Lanka vehicle registrations saw a rebound in August from the July lows in the categories of small cars, three-wheelers, two-wheelers and mini trucks, JB Securities said. Motor car registrations in August were 3,011 units, up from 2,596 units the previous month, although significantly down from a high of 14,544 […]
Asia stocks hold central bank vigil, oil bounces
SYDNEY, Sept 19 (Reuters) – Caution gripped Asian shares on Monday ahead of central bank meetings in the United States and Japan this week, while oil prices bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports. Bombings in New York City and New Jersey and a stabbing […]
Sri Lanka GDP expands 2.6-pct in second quarter 2016
Sept 15, 2016 (LBO) – Sri Lanka’s economy expanded 2.6 percent in the second quarter of 2016 from a year earlier, led by services activities, the state statistics office said. The Gross Domestic Product of Sri Lanka for the second quarter of 2016 at constant price reportedly reached up to 2,130,240 million rupees against 2,075,805 […]