Author: lbostgadmin
Sri Lanka condominium developers welcome budget 2017
Nov 22, 2016 (LBO) – Sri Lanka’s Condominium Developers Association which represents the condominium developers in the country has hailed the budget presented by the Finance Minister. The association which is an affiliated trade body of the Ceylon Chamber of Commerce said in a statement that the budget contained a number of progressive proposals to […]
Trump says will quit Pacific trade deal on day one of presidency
Nov 22, 2016 (Reuters) – U.S. President-elect Donald Trump released a video on Monday laying out actions he will take on his first day in office on Jan. 20, including withdrawing the United States from a Trans-Pacific Partnership trade deal. Trump also said he would issue a rule cutting government regulations, direct the Labor Department […]
Sri Lankan rupee weaker on importer dollar demand; stocks down
Nov 22, 2016 (Reuters) – The Sri Lankan rupee was trading weaker on Tuesday due to dollar demand from importers on fears that the U.S. President-elect Donald Trump’s policies would spark higher rates and strengthen the dollar. Foreign investors might pull out of emerging markets, including Sri Lanka, if the Fed raises interest rates next […]
PTL Watch: T-bond yields mixed, 2-year ticks higher
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/11/PTL-Daily-Market-Report-22nd-November-2016.pdf” title=”ptl-daily-market-report-22nd-november-2016″]
Japanese partnership extends beyond trade & tourism: President SLJBCC
“Japan is one of Sri Lanka’s closest friends with a relationship that has prevailed for centuries and has stood the test of time amidst changing international and domestic political circumstances. In recent years Sri Lanka’s economic partnership with Japan has developed extending beyond trade and tourism. What needs to be done now is to take […]
Virtusa announces USD210 mln Q2 revenue, up 46.9 pct
Nov 22, 2016 (LBO) – Virtusa Corporation, a global business consulting and IT outsourcing company, with Sri Lankan founders, reported revenue for the second quarter of 210.1 million dollars, up 46.9 percent year-over-year. Net income for the second quarter was 3.2 million dollars, compared to a net loss of 6.3 million dollars for the first […]
Asian stocks ride Wall St rally, oil extends gains
HONG KONG, Nov 22 (Reuters) – Asian stocks rose on Tuesday in the wake of solid gains in U.S. markets overnight, while the Japanese yen briefly strengthened after a powerful earthquake rocked northern Japan. Oil extended gains in Asian trading with U.S. West Texas Intermediate (WTI) up 0.73 percent in early deals as the dollar […]
Chinese-made city near Singapore to reshape real estate
Nov 22, 2016 (LBO) – A 100 billion dollar Chinese-made city in Malaysia, near the border of Singapore, is set to reshape real estate in the region. Country Garden’s Forest City, on four artificial islands, will house 700,000 people on an area four times the size of New York’s Central Park, Bloomberg reported. Construction began […]
Sri Lanka’s Tourism Festival to dazzle Colombo
With the festive season just around the corner elaborate plans are being made to transform the city of Colombo in to a Tourism Wonderland from the 20th to the 23rd of December this year. Sri Lanka Tourism under the guidance of the Ministry of Tourism Development and Christian Religious Affairs is planning the second edition […]
Sri Lanka nation-wide inflation accelerates to 5-pct in October
Nov 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose to 5.0 percent in October from the 4.7 percent reported a month ago, data from the state statistics office showed. The National Consumer Price Index (NCPI) for the month of October 2016 has been calculated as 114.7. In […]