Author: lbostgadmin
Sri Lanka foreign reserves rise to USD7.3 bln in Nov
Dec 29, 2015 (LBO) – Sri Lanka’s official foreign reserves increased to 7,295 million dollars at the end of November this year, up from 6,480 million dollars at the end of October after a sovereign bond issue, according to figures released by the Central Bank. This included 6,463 million dollars in foreign reserves and 756 […]
Sri Lanka stocks close down 0.4-pct: Volume at 21 month low
Dec 28, 2015 (LBO) – Sri Lankan stocks closed down at 0.44 percent following a Christmas long week-end holiday with index heavy and banking sector stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower at 30.13 points at 6,828.51 down 0.44 percent. S&P SL20 closed 11.03 points down at 3,592.87 […]
Polythene bag restriction in effect from next month
Dec 28, 2015 (LBO) – The ban restricting indiscriminate use of polythene bags at groceries and retail outlets in Sri Lanka will come into effect from January 1, 2016, according to the Department of Government Information. “The legislation was brought in to combat the generous use of shopping bags and food wrappers in shopping malls […]
Right to Information Bill to be presented in January
Dec 28, 2015 (LBO) – The Right to Information Bill will be presented to Parliament in January, Mass Media and Parliament Reforms Ministry Secretary Wajira Narampanawa said.This follows the government promise to strengthen the right to information during the 100-day programme, Narampanawa said according to the Department of Government Information.He said the Right to Information […]
PTL Watch: Excess liquidity absorbed through OMO
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‘l tech IPOs possible in 2016
Dec 28, 2015 (LBO) – Four technology startups with billion-dollar-plus valuations are getting ready for initial public offerings in early 2016, following one of the slowest technology IPO years on record, a report said. This could mean a better outlook for technology IPOs next year. Although market conditions could alter their plans, Nutanix, Okta, Twilio […]
Tourists to Maldives edge up despite recent emergency
Dec 28, 2015 (LBO) – Maldives reported higher tourist arrivals in November despite a recent state of emergency, a media report said. The number of tourists who visited the Maldives last month increased by 0.5 percent to 90,218 from 89,778 in November 2014, statistics published by the tourism ministry showed. A total of 1,114,993 tourists […]
Surprise visit signals possible thawing of India-Pakistan relations
Dec 28, 2015 (LBO) – A surprise visit on Christmas Day between the leaders of India and Pakistan could be a sign of thawing relations between the two nuclear-armed countries.Indian Prime Minister Narendra Modi’s trip to meet his Pakistani counterpart Nawaz Sharif is the first visit to Pakistan by an Indian prime minister in almost […]
Sentence reduced for Sri Lankan maid sentenced to death by stoning
Dec 24, 2015 (LBO) – The Government of Sri Lanka on Wednesday announced that the appeal for clemency on the sentence was successful and the Sri Lankan national will now have to serve a reduced sentence and serve a term in prison. The Appeal against the verdict of the Sri Lankan domestic worker arrested on the […]
Game changing property projects in emerging markets 2015
The skylines of the world’s emerging cities are being transformed. Colombo is no exception. As construction booms in the emerging markets, cities in these regions will soon be home to record-breaking property developments and some of the most ground-breaking real estate the world has seen. As the year draws to a close, online property portal […]
Sri Lanka labour force 9 mn, unemployment 5 pct in 3Q: Census Dept
Dec 23, 2015 (LBO) – Sri Lanka’s labour force is about nine million in the third quarter of 2015, of which 64.5 percent are males and 35.5 percent are females, the Department of Census and Statistics said. The Department has released employment, unemployment and labour force statistics based on a sample of about 6,250 housing […]
Sri Lanka stocks close higher 0.06-pct
Dec 23, 2015 (LBO) – Sri Lankan stocks closed higher at 0.06 percent after two consecutive days of losses ahead of the Christmas long week-end with index heavy stock making gains, brokers said. The Colombo benchmark All Share Price Index closed higher at 4.07 points at 6,858.64 up 0.06 percent. S&P SL20 closed 1.35 points […]