Author: lbostgadmin
Sri Lanka’s water, petroleum to be brought under power regulator, PUCSL
Jan 05, 2016 (LBO) – Sri Lanka’s water and petroleum sectors will be regulated by the Public Utilities Commission of Sri Lanka (PUCSL), a statement said. “The PUCSL would be given regulatory powers over the water services industry and petroleum industry enabling a more cost reflective transparent pricing mechanism,” the commission said in […]
US, European markets tumble after China rout
Dec 05, 2015 (LBO) – U.S. and European markets tumbled following a seven percent crash of the China stock market after a survey indicated China’s manufacturing contracted for another month. The Dow Jones index closed down 1.58 percent, S&P fell 1.53 percent and Nasdaq closed down 2.08 percent. The FTSE slumped 2.39 percent, and DAX […]
‘s CB to take-over Entrust Securities
Jan 04, 2015 (LBO) – Sri Lanka’s Central Bank is to take-over Entrust Securities Plc, primary dealer in government securities if the company fails to submit a viable restructuring plan today, Governor Arjuna Mahendran said. If a re-structuring plan is not submitted by 6 p.m today the company will be taken-over to protect the government securities market and […]
‘s CB to remove restrictions on withdrawals from NRFC/RFC accounts
Jan 04, 2016 (LBO) – Sri Lanka’s Central Bank is to remove restrictions on foreign currency withdrawals from foreign currency bank accounts by the end of the week, Governor Arjuna Mahendran said. “By the end of the week we hope to remove restrictions on money withdrawals from foreign currency bank accounts such as Non- Resident Foreign […]
PM calls on all to join country’s growth drive
Jan 04, 2015 (LBO) – Prime Minister, Ranil Wickremesinghe in his new-year message called on all Sri Lankan’s to join the government in its march towards rapid development. “We want to see a rapid development drive in the country, our aim is to develop the country from the Western Province to Trincomalee on one side […]
PTL Watch: Buying interest seen, bond yields drop
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Tourist arrivals in Sri Lanka up 17.8-pct in 2015
Jan 04, 2015 (LBO) – Tourist arrivals to Sri Lanka were up 17.8 percent with 1.8 million visitors recorded in 2015, the tourism office said. December arrivals grew 15.4 percent to 206,114 from a year ago with total annual arrivals at 1,798,380, provisional data from the tourism office showed. Indian arrivals grew 30.3 percent to […]
Pakistan PM on three-day visit to Sri Lanka
Jan 04, 2015 (LBO) – Pakistan’s Prime Minister Nawaz Sharif will be in Sri Lanka this week on a three-day visit for bilateral talks with the government and to launch a single country exhibition. Among topics to be discussed include the existing Free-Trade Agreement and cooperation in several areas including health, science and technology, money […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Michael Scharpf
BACKGROUND Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Michael Scharpf
BACKGROUND Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for […]