Author: lbostgadmin
Over one million Sri Lankans affected by drought
Jan 23, 2017 (LBO) – Sri Lankans have been warned to conserve water and electricity with over a million persons affected so far by drought as crop output decreases and shortages of drinking water are being reported, officials said. Officials at the disaster information center say over a million person have so far been affected […]
Central Bank says internal & external probe on 2015/16 EPF operations
Jan 23, 2017 (LBO) – Sri Lanka’s Central Bank said an internal examination is currently underway under the direction of the Monetary Board on transactions of EPF in government securities during 2015 and 2016. Releasing a statement, Secretary to the Monetary Board of Central Bank said the law enforcement authorities have also been requested to […]
University teachers calls authorities to fill vacancies in student admissions
Jan 23, 2017 (LBO) – Sri Lanka’s university teachers say there is a large number of unfilled vacancies in certain faculties of state universities and called relevant authorities to address the issue. University Teachers for Social Equity (UTSE), releasing a statement, emphasized there had been a large number of vacancies in the science and agriculture […]
PTL Watch: Yields tick higher, foreigners on sell side
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/01/PTL-Daily-Market-Report-23rd-January-2017.pdf” title=”PTL Daily Market Report 23rd January 2017″]
Sri Lankan rupee down on importer dollar demand
Jan 23, 2017 (Reuters) – The Sri Lankan rupee fell on Monday as the importer dollar demand surpassed modest greenback sales by exporters, dealers said. Rupee forwards were active, with two-week forwards trading at 150.90/151.10 per dollar at 0522 GMT, compared with Friday’s close of 150.85/00. The dollar, however, traded weaker against major currencies on […]
‘s protectionist address
TOKYO, Jan 23 (Reuters) – The dollar slipped and Asian shares were on the defensive on Monday as worries about President Donald Trump’s protectionist policies outweighed optimism that he will follow through on promises of tax cuts and other stimulus. Japan’s Nikkei dropped 1.3 percent while shares in South Korea and Australia dropped 0.3 percent, […]
IMF commends Sri Lanka on economic progress made so far
Jan 23, 2017 (LBO) – The International Monetary Fund (IMF) has commended the new strategy of Sri Lankan government to create financial discipline and lead the country in a correct path to economic development. Managing Director of the International Monetary Fund Christine Lagarde said she highly values the Sri Lankan Government’s dedication to take the […]
Sri Lanka President to appoint committee to investigate bond scam
Jan 23, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena said he would appoint a commission to investigate and recommend actions for an alleged bond issue scam in early 2015. “I will appoint a Special Presidential Commission of Inquiry this week to investigate the Central Bank bond issue and recommend actions,” President Maithripala Sirisena tweeted. […]
Donald Trump is sworn in as the 45th US president: VIDEO
Jan 20, 2017 (Reuters) – Donald Trump was sworn in as the 45th president of the United States on Friday, succeeding Barack Obama and taking control of a divided country in a transition of power that he has declared will lead to “America First” policies at home and abroad. As scattered protests erupted elsewhere in […]
Wilpattu cleared by State Timber Corp, not Muslims: Environmentalist
A Sri Lankan environmentalist claimed that the Wilpattu forests were cleared by the State Timber Corporation and not by Muslims as alleged. “As environmentalists, we should not talk only about displacement of a certain ethnic group but everyone” said the Sri Lankan environmentalist Thilak Kariyawasam on 19 January. Kariyawasam was addressing a discussion forum on […]