Author: lbostgadmin
Sept. inflation climbs up to 11.6%, as a hefty oil bill and a falling rupee takes its toll on the economy
Inflation data for Sept climbed up to 11.6 percent, as a hefty oil bill and a falling rupee took its toll on the economy. Inflation data for Sept climbed up to 11.6 percent, as a hefty oil bill and a falling rupee took its toll on the economy. Inflation as measured by the Colombo Consumer […]
Economy grows 5.7% for first six months, Central Bank keeps year end target intact despite oil shock
Sri Lanka’s economy slowed down to 5.2 percent for the second quarter of 2004 dragged down by slower factory output for export goods and a prolonged drought, the Central Bank said Thursday.Sri Lanka’s economy slowed down to 5.2 percent for the second quarter of 2004 dragged down by slower factory output for export goods and […]
BOI woos Singaporeans to invest in Sri Lanka
Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war.Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war. A shopping […]
Going Thermal
With 100 MW of electricity capacity kicking in on Wednesday and 55 MW on the way, Sri Lanka’s power situation looks better next quarter than it did six months ago. With 100 MW of electricity capacity kicking in on Wednesday and 55 MW on the way, Sri Lanka’s power situation looks better next quarter than […]
Nerd Camp
A knowledge network intended to build up Asian capacity to create and maintain pro-poor, pro-market and innovation friendly policy and regulatory environments for information and communication, took off in Sri Lanka recently. A knowledge network intended to build up Asian capacity to create and maintain pro-poor, pro-market and innovation friendly policy and regulatory environments for […]
Playing Tag
Plans for new food labelling regulations are in cold storage for the second time this year.Plans for new food labelling regulations are in cold storage for the second time this year. “We are postponing implementation of the new food labelling regulations until January 1st,” said Chief Food and Drugs Inspector, Ministry of Health, S.Nagiah. The […]
Singapore Only
Singapore is looking at setting up a free trade zone for Singaporean investors in Sri Lanka, before expanding formal economic ties between the two countries.Singapore is looking at setting up a free trade zone for Singaporean investors in Sri Lanka, before expanding formal economic ties between the two countries. A team from Jurong is studying […]
Feeding Flyers
Diesel & Motor Engineering Company Limited (DIMO) stepped in on Thursday, to assist SriLankan Catering feed thousands of airline passengers setting foot on the island. Diesel & Motor Engineering Company Limited (DIMO) stepped in on Thursday, to assist SriLankan Catering feed thousands of airline passengers setting foot on the island. With its latest venture worth […]
Are tourists actually spending more in Sri Lanka?
A twelve year snapshot of spending patterns exposed to the rupee devaluation show that tourists are actually spending less than what they used to back in the days of 1992.A twelve year snapshot of spending patterns exposed to the rupee devaluation show that tourists are actually spending less than what they used to back in […]
High networth tourists are here to stay, with foreign guest nights up 16 percent last quarter.
High net worth tourists are here to stay, with foreign guest nights in all graded hotels up a sizeable 16.8 percent in the second quarter this year.High net worth tourists are here to stay, with foreign guest nights in all graded hotels up a sizeable 16.8 percent in the second quarter this year. Sri Lanka […]
Cheap Cuts
Bank of Ceylon picked up Rs. 250 mn worth of leased backed paper, locking returns for up to four-years. Bank of Ceylon picked up Rs. 250 mn worth of leased backed paper, locking returns for up to four-years. People’s Leasing Co. (PLC) issued the lease-backed securities in the form of a direct loan as a […]
Three Medals
National Development Bank (NDB) has secured an AA (sri) rating, while its commercial and housing banking units were each rated AA-(sri) by Fitch Ratings Lanka Ltd. NDB’s subordinated unsecured debt walked off with AA-(sri) (double AA minus) and NDB Bank – its commercial banking arm – picked up a A+(sri) (A plus) rating for their […]