Author: lbostgadmin
PTL Watch: Local and foreign buying in 2-year, 3-year bonds
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Alibaba founder Jack Ma appointed business adviser to David Cameron
Oct 20, 2015 (LBO) – China’s business tycoon Alibaba founder Jack Ma, has been appointed as the adviser to British Prime Minister David Cameron, Cameron’s spokeswoman said. “Ma will provide particular help and advice on how to get small- and medium-sized British businesses boosting their exports and in particular accessing Chinese markets through platforms like […]
Central Bank holds key interest rates unchanged
Oct 20, 2015 (LBO) – Sri Lanka’s Central Bank held key interest rates unchanged on Tuesday after a monthly monetary policy announcement citing low inflation, a decision broadly expected by market participants. A poll by Lanka Business Online of 13 market participants showed 12 expected no change in policy interest rates, while one expected a […]
Germany’s Bosch commences operations in Sri Lanka, eyes construction boom
Oct 20, 2015 (LBO) – Bosch, a leading German supplier of technology and services, commenced operations in Sri Lanka to meet the increasing demand seen in the infrastructure sector, a senior official said. “The inauguration of our new office marks an important milestone for our business expansion in the South Asian region,” Steffen Berns, managing […]
Sri Lanka’s budget deficit around 6.8-pct in 2015: Finance Minister
Oct 20, 2015 (LBO) – Sri Lanka’s budget deficit will be around 6.8 percent of GDP for this year, higher than the budgeted 4.4 percent, Finance Minister Ravi Karunanayake said. The IMF mission concluding its visit to Sri Lanka last month said it projects a budget deficit of 5.5 to 6 percent of GDP in […]
‘s Upul Jayasuriya
Oct 19, 2015 (LBO) – Sri Lanka has five billion US dollar worth of investments in the pipeline and the main goal of the island’s investment promotion office is to facilitate those investments, the Board of Investment (BOI) Chief told a forum held in Colombo. “Our main goal is to facilitate these investments,” Upul Jayasuriya, […]
Sri Lanka to increase maximum Treasury bill limit by Rs400bn tomorrow
Oct 19, 2015 (LBO) – Sri Lanka’s Finance Ministry is to present a resolution in parliament tomorrow to increase the current Treasury bill limit by 400 billion rupees. The cabinet approved the proposal last month to increase the limit from 850 billion rupees to 1,250 billion rupees. The parliament earlier approved that the maximum borrowing […]
Sri Lanka stocks close lower 0.05-pct ahead of monetary policy review
Oct 19, 2015 (LBO) – Sri Lankan stocks closed down on Monday for a fifth consecutive day ahead of the governments monetary policy review, brokers said. The Colombo benchmark All Share Price Index closed lower 3.39 points at 7,017.35 down 0.05 percent. S&P SL20 closed 9.56 points lower at 3,783.27 lower 0.25 percent. Turnover was 1.2 […]
PTL Watch: Bond yields edge up amid more foreign selling
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Sri Lanka to build a monorail, calls for proposals this month: BOI Chief
Oct 19, 2015 (LBO) – Sri Lanka’s investment promotion bureau said that the government plans to make a request for proposals this month to build a monorail or mass rapid transit system (MRT) that spreads out from Colombo Fort.“RFPs for the monorail project will be out within a week,” Upul Jayasuriya, chairman of the Board […]
Reveal nominees to independent commissions before 7 days: Civil Society
Oct 19, 2015 (LBO) – A group of civil society activists comprising of lawyers and other professionals have requested the government to declare nominations to independent commissions before their appointments.Attorneys Srinath Perera, Neville Ananda, Sujeewa Dahanayake with social activist Muditha Karunamuni, trade union leader Anton Marcus and journalist Kusal Perera comprised of this group. These […]