Author: lbostgadmin
Sri Lankan rupee steady after cbank chief allays fears of upward pressure
COLOMBO, Aug 31 (Reuters) – The Sri Lankan rupee traded steady on Wednesday, a day after the country’s Central Bank Governor Indrajith Coomaraswamy said the currency was not under upward pressure as capital inflows had not been of sufficient magnitude to exert such pressure. Dealers said the rupee could appreciate if the central bank does […]
JICA pledges Rs14bn development loan to Sri Lanka
Aug 31, 2016 (LBO) – The Japan International Cooperation Agency (JICA) has agreed to provide a development policy loan of 14.4 billion rupees (JPY10,000mn) for Sri Lanka’s development agenda. These funds will be utilized for private sector development, governance improvement and fiscal consolidation. The loan is provided at a concessionary interest rate of 1.4 percent per annum with a […]
Sri Lanka’s growth expectation 5.5-pct this year: CB Governor
Aug 31, 2016 (LBO) – Sri Lanka’s growth expectation for this year is about 5 to 5.5 percent as things stand, Central Bank Governor Dr. Indrajith Coomaraswamy told reporters. Coomaraswamy said no additional foreign borrowings are expected for this year. “We don’t anticipate any additional external borrowings for this year apart from T-bills and bonds,” […]
Ceylinco Life’s 6-month income up 14-pct to Rs 11 billion
(PRESS RELEASE) – Ceylinco Life has reported that total income grew 14 per cent to Rs 11.028 billion in the six months ending 30th June 2016, with robust growth in both gross written premium and income from investments enabling the life insurance leader to consolidate its position at the helm of the sector. Gross premium […]
‘s progress, wants to increase aid: Ravi K
Aug 31, 2016 (LBO) – Sri Lanka’s Finance Minister says multilateral donor World Bank is keen to increase its aid following Sri Lanka rapidly achieving its development goals which were set at the time loans were granted to it. “The World Bank is very happy with the progress made so far in the projects that […]
Asian shares ease, taking cue from Wall Street, oil slips
TOKYO, Aug 31 (Reuters) – Asian shares eased on Wednesday following modest losses on Wall Street, but were still on track for a monthly rise as investors waited to see if upcoming job data could prod the Federal Reserve into raising interest rates as soon as September. MSCI’s broadest index of Asia-Pacific shares outside Japan […]
Asia Pacific shows progress in water security, challenges remain – ADB
STOCKHOLM, SWEDEN (30 August 2016) – Water security in Asia and Pacific has progressed overall in the past 5 years, but major challenges remain, including overexploited groundwater, demand from rising populations, and climate variability, according to a new report from the Asian Development Bank (ADB). The new edition of the Asian Water Development Outlook (AWDO […]
Sri Lanka’s Central Bank keeps policy rates steady
Aug 30, 2016 (LBO) – Sri Lanka’s Central Bank has decided to keep its key interest rates steady despite rising inflation and high private sector credit growth. The full text of the statement is reproduced below. Monetary Policy Review – August 2016 Both headline and core inflation, measured on a year-on-year basis, edged down in […]
MR, Dinesh, Jonston & Lohan to visit Malaysia this week
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/Former-president-Mahinda-Rajapaksa’s-visit-to-Malaysia-English.pdf” title=”Former president Mahinda Rajapaksa’s visit to Malaysia English”]
”; Outlook Stable
(PRESS RELEASE) – Colombo30 August 2016: Fitch Ratings has affirmed Sri Lankabased Lion Brewery (Ceylon) PLC’s (Lion) National LongTerm Rating of ‘AA(lka)’ with a Stable Outlook. Fitch has also affirmed the National LongTerm Rating of ‘AA(lka)’ on Lion’s outstanding senior unsecured debentures. Fitch has maintained a Stable Outlook despite Lion’s weakening credit metrics due to […]
PTL Watch: Longer tenure bond yields slightly higher
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/PTL-Daily-Market-Report-30th-August-2016.pdf” title=”PTL Daily Market Report 30th August 2016″]
Sri Lankan rupee steady ahead of cenbank policy rate meeting
Aug 30, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday ahead of a central bank policy meeting later in the day, as exporter dollar sales offset mild importer demand for the greenback, dealers said. The central bank is expected to keep its key interest rates steady at the monetary policy rate meeting, […]