Author: lbostgadmin
Seylan secures a USD 15 mln term facility from UAE
Nov 30, 2016 (LBO) – Seylan Bank has successfully raised a 5-year 15 million US dollar facility from the National Bank of Ras Al Khaimah (RAKBANK) of the United Arab Emirates, the bank said in a statement. Alpen Capital (ME) Limited, an investment banking advisory firm, also based in the UAE acted as the sole […]
Challenging external environment for Sri Lanka in 2017: WB economist
Nov 30, 2016 (LBO) – Sri Lanka will face a challenging external macroeconomic environment ahead and structural reforms needs to be consistent with improved competitiveness, an economist said. Senior Country Economist at World Bank, Sri Lanka, Ralph van Doorn, speaking at the LBR LBO Debrief: Economic & Business Climate Outlook 2017, said major existing export […]
‘s Budget 2017 under the President
How much of the Budget 2017 is under President Sirisena? – Info-graphics by Manthri.lk
Sri Lanka tourist earnings up, slower growth in workers’ remittances
Nov 30, 2016 (LBO) – Sri Lanka’s earnings from tourism increased while slower growth was seen in workers’ remittances in October 2016, the Central Bank said. In the the first ten months of 2016 tourism earnings rose to 2,749.4 million dollars compared to 2,400.1 million in the same period of 2015, the Central Banks review […]
Licencing , regulation and supervision of companies carrying on Micro finance Business
(PRESS RELEASE) – The Microfinance Act, No. 6 of 2016 was enacted with the objective of providing a regulatory framework to cover microfinance institutions that are not regulated at present. The purpose of the Act is to improve the delivery of financial services to low income persons and micro enterprises, increase financial inclusion, strengthen the […]
Vote on Facebook for your favourite feature on Emirates Economy Class
(PRESS RELEASE) – Even among seasoned travellers, air travel invariably generates a conversation and now Emirates is engaging in one with its customers and fans in Sri Lanka via social media. The global connector of people, places and experiences has invited its Facebook fans in Sri Lanka to vote for one of three features that distinguish […]
Asia stocks edge up on U.S. growth data cues; dollar steady
HONG KONG, Nov 30 (Reuters) – Asian stocks edged higher on Wednesday reflecting upbeat U.S. growth news while oil steadied after a sharp drop overnight as OPEC struggled to agree on a glut-draining production cut. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trades. It is poised to post […]
‘s budget headed in right direction: IMF
Nov 30, 2016 (LBO) – Sri Lanka’s budget for 2017 is headed in the right direction, especially in terms of primary deficit reduction, Eteri Kvintradze, the resident representative of the IMF, said on Tuesday. Kvintradze was speaking at Lanka Business Online’s LBR LBO Debrief: Economic & Business Climate Outlook 2017 which saw a full house […]
Sri Lankan rupee edges down on importer dollar demand; stx up
COLOMBO, Nov 29 (Reuters) – The Sri Lankan rupee traded marginally weaker on Tuesday, hurt by dollar demand from importers amid fears that economic policies of U.S. President-elect Donald Trump may lead to a rise in the greenback and trigger foreign fund outflows. The market shrugged off the central bank’s key monetary policy decision on […]
CCTV, new auction system among steps to strengthen bond trading: CB
Nov 29, 2016 (LBO) – Sri Lanka’s Central Bank has taken several steps to improve supervision and regulation of the government securities market, the Central Bank governor said on Tuesday. “The Central Bank has been trying to address some very difficult issues in these areas,” Governor Indrajit Coomaraswamy said. Among steps taken, the Public Debt […]