Author: lbostgadmin
Britain to slash corporate tax to lowest in a major economy
July 04, 2016 (LBO) – The British Chancellor George Osborne wants to slash corporation tax to less than 15 per cent, making it the lowest rate in any major economy, amid steps to buoy the economy after the brexit vote. He said Britain should “get on with it” to prove to investors that the country […]
Asian stocks recoup losses, Aussie wobbles on uncertain election
July 4 (Reuters) – Asian shares shrugged off early losses and edged higher on Monday, while the Australian dollar was under pressure after no clear winner emerged from a weekend election. Activity across much of the region was subdued ahead of the U.S. Independence Day holiday, when financial and commodity markets will be closed. Investors also continued […]
Sri Lanka’s President appoints Dr. Indrajit Coomaraswamy as Governor of Central Bank
July 02, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed Dr. Indrajit Coomaraswamy as the new Governor of the Central Bank of Sri Lanka. Dr. Coomaraswamy will assume duties as the Governor of Central Bank on Monday. This is what President posted on his official twitter profile today morning. After consulting all parties […]
Sri Lanka exports drop 11.2-pct in March, trade gap widens
July 01, 2016 (LBO) – Sri Lanka’s exports fell a faster 11.2 percent to 945.4 million US dollars in March 2016 while imports fell at a slower 0.9 percent widening the trade gap, Central Bank data showed. The largest contribution for exports decline came from transport equipment followed by exports of spices. Earnings from transport […]
Sri Lanka 1-wk rupee forwards edge down on importer demand
July 1 (Reuters) – Sri Lankan rupee one-week forwards ended slightly weaker on Friday as importer dollar demand surpassed late inward remittances ahead of Ramadan while nervous investors awaited the appointment of a new central bank governor, dealers said. One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee, ended at […]
CEB posts Rs5.8 bln operating loss in first four months of 2016
July 01, 2016 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board has recorded an operating loss of 5,781 million rupees in the first four months of 2016 compared to the profit of 1,837 million rupees recorded in the same period last year. As per the mid-year fiscal position report, cost per unit without Tax has […]
Sri Lanka faces huge debt service requirements by July & Sept
July 01, 2016 (LBO) – Sri Lanka’s external debt service requirements are expected to be relatively larger in July and September of this year as per the estimates for the remaining period, the Finance Ministry said. Releasing the mid-year fiscal position report, the ministry said the total estimated debt service payment for 2016 is 1638.7 […]
MR wants USD3.5bn syndicated loan agreement tabled in Parliament
July 01, 2016 (LBO) – Sri Lanka’s ex-President Mahinda Rajapaksa has requested the government to table the USD3.5bn syndicated loan agreement along with the Attorney General’s observations before parliament. Speaking at the Battaramulla office of the Joint Opposition former President pointed out that the legislature needs to be informed about the financial management of the […]
Ceylon Cold Stores PLC Joins CSE to Open Trading for July
Ceylon Cold Stores (CCS) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to mark the first trading day for the month of July. Directors Mr. Ajit Gunewardene and Mr. Ronnie Peiris, President of the Consumer Foods Sector of JKH & Director Mr. Jit […]
Justice Minister meets UN High Commissioner for Human Rights
Justice Minister Dr. Wijeyadasa Rajapaksha has participated 32nd regular session of the United Nations Human Rights Council in Geneva . After the session Minister Rajapaksha has met UN High Commissioner for Human Rights Zeid Raad Al Hussein.
Hotel Show Colombo 2016 with over 250 stalls from over 20 countries
The 11th edition of the Hotel Show Colombo 2016 will be held from the 22nd – 24th July 2016 at The BMICH, in Colombo. This year the Hotel Show will focus on its theme Hospitality Industry Vision 20 – 20. The organizers expect to bring out futuristic displays and innovations at this fair for the […]
PTL Watch: Bond yields higher, more foreign inflow
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