Author: lbostgadmin
Sri Lankan rupee weaker on importer demand
Sept 9, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Friday as importer dollar demand surpassed inward remittances of the U.S. currency amid a lack of exporter conversions, dealers said. The spot rupee was at 145.10/15 per dollar at 0721GMT, compared with Thursday’s close of 145.00/15. One-weekforwards were at 145.25/35, compared with the […]
Sri Lanka to adopt chip card system before end 2017: Central Bank
Sept 09, 2016 (LBO) – Sri Lanka is looking at completely adopting the more secure and efficient chip card system before the end of next year, a Central Bank official said. This will be among several other initiatives lined up for implementing in the coming years under the 2020 road map for developing a national […]
Hanjin Shipping collapse could drive up cost for businesses
Sept 09, 2016 (LBO) – South Korean container shipper Hanjin Shipping has filed for court receivership, which will increase costs for businesses and consumers that were relying on the shipping line, analysts said. Hanjin is ranked the seventh largest globally, with 98 ships and a 2.9 percent market share, and about 14 billion dollars worth […]
Huawei introduces new MediaPads
(PRESS RELEASE) – Huawei the fastest growing smartphone brand in Sri Lanka, has introduced a series of MediaPads expanding its portable computer tablets product portfolio in Sri Lanka. The products available in the market are the MediaPad T1-7”, MediaPad T1-10” and the MediaPad M2 8.0 with an excellent price ranging from LKR 16,999, 33,499 and […]
Sri Lanka to develop Jaffna island jetties for better connectivity
Sep 09, 2016 (LBO) – Sri Lanka’s Ports and Shipping Ministry said in order to improve the regular costal transportation services in Jaffna, measures have been taken to develop the jetties in surrounding island’s with the aid of the Navy. “The jetties are not properly maintained in every island,” a ministry statement said. “Piers and […]
Asian shares slip after ECB disappointment, oil jumps
TOKYO, Sept 9 (Reuters) – Asian shares slipped and global bonds came under pressure on Friday after the European Central Bank left markets in the dark on what future easing steps it may take, while oil prices jumped on an unexpected drawdown in U.S. stockpile. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 […]
Asia shares, bonds spooked by central bank risks
SYDNEY, Sept 12 (Reuters) – Asian shares skidded on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. Reports that the Bank of Japan was considering ways to steepen the Japanese yield curve, along with speculation that central […]
Maldives calls Sri Lanka to bid for housing, hospitals and power projects
Sep 08, 2016 (LBO) – The Maldivian High Commissioner in Sri Lanka Zahiya Zareer has invited Sri Lankan firms to invest in development projects in Maldives. “We are opening big projects for international bidding, such as airport development, housing, hospitals and renewable power projects’,” she said. “Even now there are big Sri Lankan Companies operating […]
Sri Lankan rupee steady; exporter dlr sales offset importer demand
Sept 8, 2016 (Reuters) – The Sri Lankan rupee traded steady on Thursday as mild dollar demand from importers was offset by exporters’ greenback sales, dealers said. The spot rupee was at 145.40/46 per dollar at 0649 GMT, compared with Wednesday’s close of 145.40/45. One-week rupee forwards were at 145.60/65, compared with the previous day’s close […]
High Court awards death sentence to Duminda Silva in Bharatha Lakshman case
Sept 08, 2016 (LBO) – Colombo High Court today handed the death sentence to five defendants including former MP Duminda Silva in the Bharatha Lakshman murder trial, media reports said. Five defendants included former Parliamentarian Duminda Silva, Anura Thushara de Mel, Chaminda Jayanath, Sarath Bandara and Priyantha Janaka Bandara. Other suspects who were produced before […]
SriLankan Airlines commissions new Global Contact Centre
Sept 08, 2016 (LBO) – SriLankan Airlines said it has launched a 24-hour Global Contact Centre which will further enhance levels of service for all its worldwide customers and members of its frequent flyer programme. Ajith Dias, Chairman of SriLankan Airlines, said: “We have sharply enhanced our focus on the needs of our customers as […]
Walkers Piling commences Sri Lanka’s first sea piling project
Sept 08, 2016 (LBO) – Sri Lanka’s Walkers Piling, a subsidiary of MTD Walkers, announced that they have commenced work on Sri Lanka’s first sea piling project at the Mutuwal Harbour. The piling work is being carried out to enable the installation of a state of the art Shiplift and Transfer System at the Mutuwal […]