Author: lbostgadmin
Sri Lankan rupee falls on importer dollar demand; stx flat
COLOMBO, Nov 28 (Reuters) – The Sri Lankan rupee edged down on Monday, hurt by demand for dollar from importers on fears that economic policies of U.S. President-elect Donald Trump may lead to a rise in the greenback and trigger foreign fund outflows. Dealers said foreign investors might pull out of emerging markets, including Sri […]
Sri Lanka shares end little changed; turnover slumps
Nov 25, 2016 (Reuters) – Sri Lankan shares ended little changed on Friday, hovering near eight-month lows, while turnover slumped as investors kept to the sidelines on concerns over recent tax proposals. The Colombo stock index ended 0.02 percent down at 6,252.12, and lost 1.17 percent during the week, marking its third straight weekly fall. […]
Sri Lankan rupee edges down on importer dollar demand; stx up
COLOMBO, Nov 25 (Reuters) – The Sri Lankan rupee was trading weaker on Friday due to dollar demand from importers who fear the economic policies of U.S. President-elect Donald Trump could lead to a rise in the greenback and interest rates. Dealers said foreign investors might pull out of emerging markets, including Sri Lanka, if […]
Anthony Shanil Fernando appointed to the CSE Board
(PRESS RELEASE) – The Colombo Stock Exchange (CSE) announces the appointment of Mr. Anthony M. Shanil Fernando as a Director of the CSE Board. Mr. Fernando, Attorney-at-Law, Solicitor, MBA, is a Senior Partner at Anton Fernando Associates Law firm. He is also the Chairman of AFA Corporate Services Limited and the Director of World Express […]
Chartered accountants to adopt new code to combat crimes
Nov 25, 2016 (LBO) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has decided to adopt the “Responding to Non Compliance with Laws and Regulations” (NOCLAR) standard with effect from 15th July 2017 to ensure Sri Lanka is in line with the latest international ethics standards. It sets out a first-of-its-kind […]
Asian stocks pull ahead as dollar edges back, US yields resume climb
SINGAPORE, Nov 25 (Reuters) – Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that has sucked capital out of most emerging markets. The respite for Asian assets may be short-lived, however, with U.S. Treasury yields resuming their climb after the holiday as […]
Sri Lanka must aim for sustainable, inclusive growth: Governor
Nov 25, 2016 (LBO) – Sri Lanka must aim for sustainable as well as inclusive growth, Central Bank Governor Indrajit Coomaraswamy said on Thursday, speaking to corporate leaders. “If we are to have sustained growth, socially and politically stable growth, as we have an aspirational society now, this whole process has to be inclusive,” he […]
Sri Lanka to welcome first National Cooperative Policy framework
Nov 25, 2016 (LBO) – Sri Lanka is set to welcome its first National Cooperative Policy framework backed by the International Labour Organisation (ILO). There are almost 14,500 cooperatives-in various productions services, SMEs, women’s development, rural banking, insurance and farming sectors-active in Sri Lanka. Through “Coop City” shops, cooperatives are also now present in the […]
Pan Asia Bank CEO resigns and appointed NDB CEO
Nov 24, 2016 (LBO) – National Development Bank announced the appointment of P L D Neomal Seneviratne as the Chief Executive Officer/Director of the bank with effect from 1st January 2017. Seneviratne counts more than 26 years of experience in the Banking industry, of which the last 3 years were with Pan Asia Bank where […]