Author: lbostgadmin
Sri Lanka rupee steady; exporter dlr sales offset by importer demand
Aug 12, 2016 (Reuters) – The Sri Lankan rupee was steady on Friday as dollar sales by foreign investors and exporters were offset by mild demand for the importer greenback, dealers said. The spot rupee ended at 145.50/53 per dollar at 0636 GMT, compared with Thursday’s close of 145.50/52. “We see a few foreign banks […]
PTL Watch: Yields tick higher, foreign buying seen
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/PTL-Daily-Market-Report-12th-August-2016.pdf” title=”PTL Daily Market Report 12th August 2016″]
Sri Lanka to develop labour, attract workers overseas: PM
Aug 12, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said that it is time for a new human resource policy to go hand in hand with the economic development plan which will be outlined soon. “Skilled human capital is essential to harness the key advantages of Sri Lanka like the strategic geographic location, […]
Sri Lanka’s Ceylon Tobacco unit profits flat in June quarter
Aug 12, 2016 (LBO) – Profits at Ceylon Tobacco, a unit of British American Tobacco, rose one percent to 3.0 billion rupees in the June quarter, interim accounts showed. The firm reported earnings of 16.28 rupees per share for the quarter compared to earnings of 16.12 rupees per share posted a year ago. The share […]
Norwegian PM’s private visit to Sri Lanka now official
Aug 12, 2016 (LBO) – Prime Minister of Norway Erna Solberg who is presently in Sri Lanka on a private visit, will have an official programme at the invitation of the Government on 12 and 13 August 2016, the Foreign Ministry announced. Prime Minister Erna Solberg will be received at the Presidential Secretariat today and […]
UNESCO Director General to pay first official visit to Sri Lanka
UNESCO Director-General Irina Bokova will undertake her first official visit to the Democratic Socialist Republic of Sri Lanka, where she will affirm the Organization’s support to the peace and reconciliation process and the advancement of the 2030 Agenda for Sustainable Development. Through a series of public events, visits to world heritage sites and top-level bilateral […]
SLT gets full landing status for SEA-ME-WE 5 in Matara
Aug 12, 2016 (LBO) – Telecommunications and ICT solutions provider, Sri Lanka Telecom PLC (SLT), says it has gained full landing status of SMW5 Cable Station in Matara. With this, Sri Lanka can offer the region “state-of-the-art global services provided through multiple international undersea cable systems,” SLT said in a statement. SLT’s International Backhaul Network […]
Nestlé Lanka delivers 7.4 % growth, LKR 19 billion sales in H1 2016
(PRESS RELEASE) – Shivani Hegde, Nestlé Lanka Managing Director: “We have delivered steady results for the first six months of the year despite a very challenging business environment. With the launch of important product innovations and renovations, we aim to delight consumers with products that offer Nutrition Health and Wellness. As we mark 110 years […]
Sri Lanka gets USD128mn ADB loan for water and waste water management
Aug 11, 2016 (LBO) – The Asian Development Bank (ADB) will give a 128 million US dollar loan for a greater Colombo water and wastewater management improvement investment program to assist achieve providing safe water and full sanitation coverage. “The investment program will improve Colombo city dwellers’ quality of life and will cater to the […]
Sri Lanka expects USD671mn BOP surplus for 2016: Finance Minister
Aug 11, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Thursday that the government expects 671 million US dollars worth surplus in the overall balance of payment account for 2016. Karunanayake said the government forecasts around 11,374 million US dollars of foreign exchange earnings and 10,703 million US dollars foreign exchange payments […]
IronOne CEO Lakmini Wijesundera named Woman Entrepreneur of the Year
PRESS RELEASE Mobile IT solutions trailblazer Lakmini Wijesundera has been honoured at the highest level for her contribution to the country’s economy with the three top awards at the annual Women Entrepreneur Awards presented by the Women’s Chamber of Industry & Commerce (WCIC). The co-founder and CEO of IronOne Technologies, the Sri Lankan mobile software […]
Sri Lankan rupee up on bank dlr sales, c.bank spot rate
COLOMBO, Aug 11 (Reuters) – The Sri Lankan rupee edged up on Thursday as exporter dollar sales by a local bank and downward adjustment of the currency by the central bank were outpaced by importer demand for the U.S. currency, dealers said. The spot rupee was trading at 145.50/53 per dollar at 0707 GMT, up […]