Author: lbostgadmin
PTL Watch: Yields tick higher, more foreign selling
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/01/PTL-Daily-Market-Report-25th-January-2017.pdf” title=”PTL Daily Market Report 25th January 2017″]
‘s Auditor General acted unprofessionally: Finance Minister
Jan 25, 2017 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake today accused the Auditor General of releasing a confidential report to COPE without his knowledge. On the 19th August 2016, the Finance Minister had requested a special report from the Auditor General under section 43 (2) of the Monetary Law Act, within a period […]
Sri Lanka to expedite grid connections for roof top solar: PUCSL
Jan 25, 2017 (LBO) – Sri Lanka’s power regulator has directed the Ceylon Electricity Board (CEB) and Lanka Electricity Company Private Limited (LECO) to connect domestic rooftop solar plants to the national grid within two weeks from the date of application. “The direction to provide the connection for rooftop solar plants to the national grid […]
Sri Lanka down 12 notches on corruption index
Jan 25, 2017 (LBO) – Sri Lanka has fallen 12 places to 95th in the Corruption Perception Index (CPI) 2016, when compared with 2015, a report released by Transparency International said. The global movement against corruption ranks countries according to the perceived level of public sector corruption. The ranking is based on a scoring system that […]
Aitken Spence Hotels Turyaa Chennai amongst Top Five-Star Hotels in the City
(PRESS RELEASE) – Turyaa Chennai, owned and operated by Aitken Spence Hotels has successfully met criteria for obtaining “5-Star Deluxe” classification, ranking it as one of five hotels in Chennai to have obtained this highly sought after accreditation. Turyaa Chennai now joins Hilton Chennai, Hyatt Regency Chennai, ITC Grand Chola Chennai and Park Hyatt Chennai […]
Sri Lanka Central Bank blocks taking out of Perpetual profits: Harsha
Jan 25, 2017 (LBO) – Sri Lanka’s Central Bank has blocked Perpetual Treasuries from taking out the company profits for any purpose, Deputy Foreign Minister Harsha de Silva said on Tuesday. Speaking at the bond debate in Parliament, de Silva pointed out that the Central Bank Governor and the Monetary Board has acted in a […]
Sri Lankan shares hit near 10-mth closing low
Jan 24, 2017 (Reuters) – Sri Lankan stocks closed at their lowest in nearly 10 months on Tuesday, dragged down by banking and telecom shares, as concerns over rising interest rates and ongoing political instability weighed on sentiment. The Colombo stock index ended 0.45 percent lower at 6,134.41, its lowest close since April 4. “Not […]
Watch the West, Reach Out To The East: Stan Chart Economist
Jan 24, 2017 (LBO) – Sri Lanka should keep a keen eye on the developments in the West, the traditional export markets, but should reach out to the East for trade and investments, an economist said. Chief Economist of Standard Chartered Bank for Asia, David Mann was responding to LBO’s question on what should be Sri […]
Former Governor Mahendran “NOT” working at Ministry: Ravi
Jan 24, 2017 (LBO) – Sri Lanka’s Finance Minister has denied reports that former Governor of the Central Bank, Arjun Mahendran is attached to his ministry or the Central Bank, a statement said. “The Ministry of Finance wishes to inform that Arjun Mahendran, the former Governor of the Central Bank of Sri Lanka, is not working in […]
JVP calls Speaker to take over controversial bond investigations
Jan 24, 2017 (LBO) – Sri Lanka’s Marxist JVP today demanded that Speaker Karu Jayasuriya takes over the future course of action against the controversial bond issue under him. Speaking at the bond debate in Parliament, JVP leader Anura Kumara Dissanayake emphasized that they have no faith over the investigations of the government. “We propose […]