Author: lbostgadmin
USD 1.6 bn worth FDI expected from 66 projects, 45 expansions: BOI
Dec 15, 2015 (LBO) – Sri Lanka’s Board of Investment says they are expecting 1.6 billion US dollars worth foreign direct investments through 66 new projects and 45 expansions of existing projects. “As a result of the introduction of new procedures aimed at improving facilitation, the BOI succeeded in attracting a number of important projects […]
Sharp China slowdown would hit global growth hard: Fitch
Dec 15, 2015 (LBO) – A sharp slowdown in China’s GDP growth rate to 2.3% during 2016-2018 would disrupt global trade and hinder growth, with significant knock-on effects for emerging markets and global corporates, according to a hypothetical study by Fitch Ratings. In turn, this would keep short-term interest rates and commodity prices lower for […]
Fed liftoff largely priced in by emerging markets: ABN AMRO
Dec 15, 2015 (LBO) – A first rate hike by the U.S. Fed in nearly a decade expected this week is largely priced-in and emerging markets may have already seen most of the adjustment to Fed hikes, ABN AMRO said in a research report. "Fed message is likely to be relatively soothing, as we expect […]
‘s peace building and reconciliation efforts
Dec 15, 2015 (LBO) – The Pope commended the initiatives taken by the President towards peace building and reconciliation in the country, a statement said. “The best way to combat terrorism activities and conflicts in the world is to halt the production of military equipment,” a statement from the Presidents media office quoted the Pope […]
Prime Minister announces several budget changes
Dec 14, 2015 (LBO) – Prime Minister Ranil Wickremasinghe told Parliament Monday that the government is ready to add 2,000 rupees monthly allowance to the basic salary of public servants from next year. Wickremasinghe said the government expects to complete adding 10,000 rupees allowance to the basic salary in three stages.“This morning several unions requested […]
Prime Minister meets foreign mayors
Prime Minister Ranil Wickremesinghe met foreign mayors today at Temple Trees. They are here to attend a ceremony to mark 150 years to the Colombo Municipal Council.
CDB crowned Best Corporate Citizen 2015
Placed among the country’s largest conglomerates and business stewards, Citizen’s Development Business Finance proudly donned the crown of being among the Top Ten Corporate Citizens of Sri Lanka for 2015, in addition to being adjudged Best Corporate Citizen 2015 in the Less than Rs 15 Bn Category. For a company that is just twenty years […]
PTL Watch: Low activity in secondary bond market
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Opinion: Keeping to agenda for change is key, says Jehan Perera
By Jehan Perera The role that civil society played in the change of government that occurred in January at the presidential elections, and which was reaffirmed at the general elections of August, was celebrated at two events held last week. One was on World Anti Corruption Day which fell on December 9. This event was […]
Special economic zones, a driving force for increased trade in Asia: ADB
Dec 14, 2015 (LBO) – Special economic zones (SEZs) can be a driving force for increased trade, investment, and economic reform in Asia as it experiences a slowdown in trade, provided the right business environments and policies are put in place, a new Asian Development Bank (ADB) report said. “The expansion in the number of […]
SATHOSA to second spot in store equity ranks; consumer retention rate 67%
Sri Lanka’s FMCG player LAK SATHOSA is ranked second among retail chain brands in the country -and that too, by a few marginal points behind the country’s top ranked retail chain.As part of its busy preparations for the coming festival season, SATHOSA has stocked up a three-month supply of essentials-and enters the festive season with novel […]
Rule Changes for Sri Lanka Insurers Promote Transparency: Fitch
Dec 14, 2015 (LBO) – Fitch Ratings sees the outlook on Sri Lanka’s insurance sector as stable even though the split of composite insurers into life and non-life companies, which became mandatory effective February 2015, may create industry uncertainty.This is based on the view that most insurers will maintain stable financial fundamentals in 2016, supported […]