Author: lbostgadmin
USD1 bln expected from Hambantota port sale: CB Governor
Nov 02, 2016 (LBO) – Sri Lanka could expect a one billion dollar inflow to the economy in about five months time through the sale of a stake in the Hambantota Port, the Central Bank Governor said on Tuesday. The equity proceeds of a sale of an 80 percent stake to a Chinese investor could […]
GSP+ final decision by May 2017, tangible progress needed: EU
Nov 02, 2016 (LBO) – National reconciliation, the empowerment of women and Sri Lanka’s application for the General System of Preferences (GSP+) were the main focus of discussions of the four member delegation of the European Parliament. On GSP+, they stressed that the decision on Sri Lanka’s application will also need the approval of the […]
Monetary policy could still be considered accomodative: Central Bank
Nov 02, 2016 (LBO) – Sri Lanka’s Central Bank said on Tuesday that despite a tightening in interest rates this year, that monetary policy could still be considered accomodative. Growth in credit to the private sector could slow to around 20 percent by the end of the year, from the 27.3 percent in August, Assistant […]
Aitken Spence Travels Brings in Russian Charter to Sri Lanka
(PRESS RELEASE) – Aitken Spence Travels, the premier destination management company in Sri Lanka in collaboration with Coral Travel & their airline charter arm, Royal Flight in facilitating their first charter flight from Russia to Sri Lanka for winter 2016/17. The charter arrived this morning, 1st of November 2016 to the Bandaranaike International Airport. The […]
Asian shares, dollar rattled by U.S. election uncertainty
TOKYO, Nov 2 (Reuters) – Asian shares stumbled and the U.S. dollar was on the defensive on Wednesday as signs that Republican U.S. presidential candidate Donald Trump could be closing the gap with his Democratic rival Hillary Clinton spooked investors. Anxiety in markets has deepened over a possible Trump victory given uncertainty on the Republican […]
Asia stocks, dollar wrestle with US political risk
SYDNEY, Nov 3 (Reuters) – Asia shares eased on Thursday while the U.S. dollar stayed on the defensive as a tightening U.S. presidential race saw the S&P 500 suffer its longest losing streak in five years as investors fled to safer harbours. Sovereign bonds, gold, the yen and Swiss franc were all in favour, and […]
Sri Lankan shares hit fresh 3-mth closing low ahead of budget
Nov 01, 2016 (Reuters) – Sri Lankan shares extended losses for a third straight session to close Tuesday at a fresh three-month low as investors shrugged off the central bank’s decision to keep rates unchanged. The central bank held the benchmark interest rates on hold late on Monday, as expected, saying its monetary policy stance […]
Sri Lankan rupee ends weaker on importer dollar demand
Nov 01, 2016 (Reuters) – The Sri Lankan rupee ended weaker on Tuesday due to dollar demand from importers, dealers said, a day after the country’s central bank kept key policy rates steady. Despite the rupee being under downward pressure, the central bank kept its benchmark interest rates on hold late on Monday, as expected, […]
Illegal arrest, torture and harassment continuing in Sri Lanka: AHRC
Nov 01, 2016 (LBO) – The Asian Human Rights Commission (AHRC) said on Tuesday an individual illegally arrested and tortured in Ja-Ela, and the harassment of a priest in Wattegama, are examples of failure to uphold the rule of law in Sri Lanka. The individual in Ja-Ela was produced before the Negombo Magistrate on a […]
Sri Lanka ranks 31st in Global Youth Development Index
Nov 01, 2016 (LBO) – Sri Lanka has been ranked 31st in the Global Youth Development Index (YDI) 2016 based on a country’s condition for the youth in terms of employment, education, health, civic and political spheres. The YDI is a composite index of 18 indicators that collectively measure multi-dimensional progress on youth development in […]