Author: lbostgadmin
Sri Lankan shares rise as investors pick blue chips; rupee steady
Aug 05, 2016 (Reuters) – Sri Lankan shares rose on Friday, hovering near a seven-week high hit earlier this week, as investors bought blue chips expecting better profits after hopes rose that a recent rate increase by the central bank would help improve the island nation’s macroeconomic outlook. The benchmark Colombo stock index was 0.7 […]
‘s Rangana Herath takes hat-trick against Australia
Aug 05, 2016 (Reuters) – Rangana Herath became only the second Sri Lankan cricketer to claim a test hat-trick on the second morning of the second test against Australia on Friday. The left-arm spinner dismissed Adam Voges, Peter Nevill and Mitchell Starc off successive deliveries to achieve the feat. Former paceman Nuwan Zoysa was the […]
Malaysia’s rationalization of SOEs, lessons for Sri Lanka
Aug 05, 2016 (LBO) – Sri Lanka’s state-owned public enterprises should be rationalized to focus on four main factors to future survival, a top official at PEMANDU Malaysia said. Speaking at the Sri Lanka Economic Summit 2016, CEO of PEMANDU, Dato Sri Idris Jala, said the most important factor is that the SOEs should be […]
‘s senior debt final BBB+(lka)
Fitch Ratings has assigned Senkadagala Finance PLC’s (SFC: BBB+(lka)/Stable) issue of senior unsecured redeemable debentures of up to LKR3bn a final National Long-Term Rating of ‘BBB+(lka) ‘. The final rating is the same as the expected rating assigned on 13 June 2016, and follows the receipt of documents conforming to information already received. The amount […]
Colombo Stock Exchange offers online services through CDS e-connect
Aug 05, 2016 (LBO) – The Colombo Stock Exchange has launched CDS e-connect, a portal with an array of online services to Central Depository System account holders. The CDS will match depositories from around the world in offering electronic services to account holders, a statement said. Many peer depositories in the Asian region currently provide similar […]
Sixty SMEs from the Eastern and Central Provinces joins SME ProLink to strengthen business
SME Pro-Link, an initiative of the GIZ and CCC and which was launched last year is planning to launch its 2nd phase. Accordingly, the second “SME ProLink: Unity Through Business” Programme in Trincomalee would be organized in Trincomalee District and would provide opportunities to the participating SMEs and the stakeholders of the Food and Beverage […]
Sri Lanka Central Bank reforms bond trading
Aug 05, 2016 (LBO) – Sri Lanka’s Central Bank will introduce several improvements to the process of trading treasury bonds and reporting of bond trades, a statement said. In addition, a new trading platform will be rolled out, and the supervision functions will be switched from the Public Dept Department to the Department of Supervision […]
Asia gains on BoE easing boon, key US jobs data awaited
TOKYO, Aug 5 (Reuters) – Asian shares joined a rise in global stock prices on Friday after the Bank of England (BoE) launched a potent post-Brexit stimulus campaign, but some caution before a big U.S. jobs report limited gains. An overnight rally in crude oil prices also sharpened risk appetites, while sterling nursed deep […]
Sri Lanka tourist arrivals up 19-pct in July, crosses 1mn
Aug 05, 2016 (LBO) – Sri Lanka’s tourist arrivals in July were up 19 percent to 209,351, with China and India showing the strongest growth, the state tourism office said. Arrivals up to the first seven months rose 16.7 percent to 1.17 million visitors. India remains the largest source market with a 12 percent growth […]
ETCA first round of negotiations starts soon: Indian High Commissioner
Aug 04, 2016 (LBO) – India’s High Commissioner in Sri Lanka Y. K. Sinha says that the first round of negotiations on the Indo-Sri Lanka Economic and Technology Cooperation Framework Agreement (ETCA) will start shortly. Speaking at the eighth AGM of the Indo Lanka Chamber of Commerce, the High Commissioner reassured that India was aware […]
MR seeks President’s intervention into upcoming VAT hike
[pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/08/VAT-Bill-English.pdf” title=”VAT Bill English”]
Sri Lankan rupee up on bond buying by foreigners; spot starts trading
Aug 04, 2016 (Reuters) – The Sri Lankan rupee gained on Thursday as foreign investors sold dollars to buy local bonds on hopes of higher returns after the central bank’s policy rate hike, dealers said. The spot rupee, which was last actively traded on June 13, resumed trading on Wednesday. It traded at 145.60/70 per […]