Author: lbostgadmin
Sri Lanka inflation accelerates to 4.8-pct in November
Dec 21, 2015 (LBO) – Sri Lanka’s consumer prices rose 4.8 percent in the 12-months to November from a year earlier, from the 3.0 percent a month earlier, data from the state statistics office showed. Year on year inflation of Food Group has increased from 2.3 percent in October 2015 to 4.6 percent in November […]
SriLankan Airlines now offers real-time news, sports and weather
SriLankan Airlines became the first airline to offer BBC News, AFP Sports and AccuWeather with live updates while in flight on the latest Thales Avant System, giving passengers real-time information on news, sports and weather around the world. Chanaka Olagama, SriLankan’s Head of Service Delivery, said: “We at SriLankan Airlines are constantly seeking new and […]
Colombo Port will have trouble providing welfare facilities to employees: Minister
Dec 21, 2015 (LBO) – Sri Lanka’s Minister of Port and Shipping Arjuna Ranatunga had yesterday revealed that even though the annual income is 29 billion rupees, the Authority will have difficulties when providing welfare facilities to its employees.“Colombo port receives 29 billion rupees of annual income. However there is a significant portion from the […]
Sanasa Development Bank to raise Rs4bn from listed debenture
Dec 21, 2015 (LBO) – Sri Lanka’s Sanasa Development Bank is to raise 4.0 billion rupees from a listed debenture issue, the company said in a stock exchange filing. The company has decided to issue 20 million debentures at 100 rupees each with an option to issue up to a further 20 million debentures in the […]
PTL Watch: Thin activity as T-bill yields increase
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Sri Lanka year in review 2015: OBG
Dec 21, 2015 (LBO) – Sri Lanka has emerged with a renewed emphasis on economic reforms and fiscal consolidation, which has allayed concerns for many local and foreign investors, a year end review by the Oxford Business Group said. Full statement follows……. In the wake of general elections earlier this year, Sri Lanka has emerged […]
Sri Lanka stocks close lower 0.04-pct: Five month low
Dec 21, 2015 (LBO) – Sri Lankan stocks closed lower at 0.04 percent after five consecutive days of gains with low investor activity ahead of Christmas and New Year holiday’s, brokers said. The Colombo benchmark All Share Price Index closed lower at 2.94 points at 6,881.75 down 0.04 percent. S&P SL20 closed 4.39 points up […]
Govt to save Rs15bn by moving its accounts to private banks: FM
Dec 20, 2015 (LBO) – Sri Lanka’s Finance Ministry is to transfer part of the government accounts maintained by the state banks to private banks in order to reduce state expenditure.Finance Minister Ravi Karunanayake told Parliament Saturday that there will be a cost saving of about 15 billion rupees through the new proposal.“State banks currently […]
Sri Lanka gets UK assistance for serious fraud investigations
Dec 19, 2015 (LBO) – Sri Lanka is the first country in the world that received a tailored package of training from a senior investigator of UK Serious Fraud Office, UK’s Deputy High Commissioner to Sri Lanka, Laura Davies, said in a recent blog post.According to Davies the UK was one of the first to […]
First Round of Senior Officials’ Talks between Sri Lanka, Australia concludes
The First Round of Senior Officials’ Talks between Sri Lanka and Australia was held on 16 December 2015 at the Ministry of Foreign Affairs in Colombo. The Senior Officials’ Talks between the two countries served as the first formal process to comprehensively review the bilateral relationship spanning over six decades. The talks broadly focused on […]
US Ambassador meets Megapolis and Western Development Minister
U.S. Ambassador Atul Keshap met today with Minister of Megapolis and Western Development Champika Ranawaka.During the meeting, Ambassador Keshap and Minister Ranawaka discussed future infrastructure projects essential to Sri Lanka’s prosperity, energy production and environmental protection, and progress on the development of a new constitution. Ambassador Keshap stressed “the United States supports the Sri Lankan […]
Motor car registrations high at 10,054 in November: JB Securities
Dec 18, 2015 (LBO) – Vehicle registration momentum continued into the month of November due to the pre-Nov 20 budget surge and relaxation of LTV rule, JB Securities said in a research note. Total motor cars registrations recorded 10,054 units in Nov slightly down from 10,349 units in Oct but significantly higher than 2,419 units […]