Author: lbostgadmin
Sri Lanka to introduce minimum criteria for tourist services
Jan 04, 2017 (LBO) – Sri Lanka’s Tourism Development Ministry is drafting minimum criteria for specified tourist services so as to have appropriate regulation in the industry. The proposed critera will apply for guest houses, independent tourist restaurants, tourist shops, Ayurvedic tourist hotels, Ayurvedic tourist health care centers, spas and wellness centers and apartment hotels. […]
Sri Lankan rupee little changed; comments by c.bank chief weigh
Jan 04, 2017 (Reuters) – The Sri Lankan rupee was steady in thin trade on Wednesday amid worries over slowing foreign fund inflows, even as the central bank chief said defending the currency using foreign exchange reserves was not sensible. Central Bank Governor Indrajith Coomaraswamy said after the markets closed on Tuesday that defending the […]
PTL Watch: Bond yields higher, CBSL holding dips
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‘s 2017 economic growth to be 5.5-6.0 pct: Central Bank chief
Jan 03, 2017 (Reuters) – Sri Lanka economy is expected to expand between 5.5 percent and 6.0 percent in 2017, higher than last year’s estimated pace of at least 4.5 percent, central bank governor Indrajith Coomaraswamy said on Tuesday. However, there could be some downside risks facing growth this year, Coomaraswamy told a gathering in […]
Sri Lanka Foreign Reserves increase to USD6 Bln in 2016: CB
Jan 03, 2016 (LBO) – Sri Lanka’s foreign reserves were around six billion dollars at the end of 2016, up from 5. 64 billion dollars at the end of November, the Central Bank said on Tuesday. The increase was due to swap arrangements and 200 million dollars from Japan and the World Bank as budgetary […]
Pakistan maritime security ships in Sri Lanka on a goodwill visit
In a display of brotherly relationship between Pakistan and Sri Lanka, Pakistan Maritime Security Ships (PMSS) HINGOL & BASOL will be arriving at Colombo Port for a 4-day port call from 05-08 January 2017. As part of goodwill, Pakistan Maritime ships frequently visit Sri Lanka. These calls are aimed at strengthening and augmenting the existing […]
Sri Lankan rupee edges down ahead of cenbank policy statement; stx fall
Jan 03, 2017 (Reuters) – The Sri Lankan rupee edged down in thin trade on Tuesday amid worries over slowing foreign fund inflows, even as market players awaited central bank’s key policy statement later in the day, dealers said. Rupee forwards were active, with one-month forwards quoting at 151.00/15 per dollar at 0558 GMT, compared […]
PTL Watch: Yields mixed, further OMO repo auctions
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‘ custody
Jan 02, 2017 (Reuters) – India and Sri Lanka agreed to release fishermen in each others’ custody, a joint statement said on Monday, a move that is likely to ease tensions between the countries which have held fishermen captive for crossing territorial waters. After ministerial level talks in Colombo, Sri Lanka reiterated its demand to […]
Sri Lanka’s prosperity improved in 2015 from previous year: Central Bank
Jan 03, 2017 (LBO) – Sri Lanka’s prosperity has improved to 0.864 in 2015 from 0.804 in the previous year, the Central Bank statistics showed, as measured by the Sri Lanka Prosperity Index (SLPI). The SLPI is a composite indicator that measures and compares the level of prosperity of the country and across its provinces. […]
Where to invest in real estate 2017
2017 promises to be an exciting year for real estate investment. With more and more developments popping up in the world’s key emerging markets, the eyes are away from Europe and the US, and onto countries such as Mexico, Philippines, Sri Lanka and Pakistan. These countries not only offer a more appealing climate zone but […]