Author: lbostgadmin
Treasury grants advance of Rs4.5bn to pay Golden key depositors
Oct 15, 2015 (LBO) – Sri Lanka’s cabinet has approved a proposal to release an advance of 3.94 billion rupees from the treasury to the Central Bank for the repayment of the second stage of Golden key depositors.The second stage covers deposits from 2 to 10 million rupees.The cabinet earlier approved a repayment schedule prepared […]
‘s Media
Oct 15, 2015 (LBO) – Former President Mahinda Rajapaksa who arrived at the ‘Presidential Commission to investigate large scale fraud’ has forwarded an initial objection over appointing High Court judges to the commission. Accordingly, the hearings of the case have been suspended till tomorrow. Releasing a statement, the former President’s media unit says summoning him […]
‘s cricket team gets stylish with off-duty kurtas
Al Karam Studio has designed an outfit for the women’s cricket team which will serve as their official non-playing kit, and we are big fans of the simple, feminine look.Images talked to the design team at Al Karam Studio about the outfit they’ve designed.“Keeping in mind that [the women’s cricket team] are seen as role […]
US economic expansion modest in past two months: Federal Reserve
Oct 15, 2015 (LBO) – The United States experienced a continued modest expansion in the past two months, releasing its district report yesterday, the US Federal Reserve said.Commonly known as the Beige Book, the report is published eight times per year and each Federal Reserve Bank gathers information on current economic conditions in its District […]
Two foreigners killed in Bangladesh worries business community
Oct 15, 2015 (LBO) – Two foreigners killed in Bangladesh has caught the attention of the international community with foreign business executives reconsidering their visits to Bangladesh. Italian aid worker Cesare Tavella and Japanese farmer Kunio Hoshi were both shot dead in similar style attacks a few days apart. Previously, attacks on foreigners were rare […]
Sri Lanka stocks close down 0.5-pct
Oct 14, 2015 (LBO) – Sri Lankan stocks closed down on Wednesday with continued losses in index heavy and banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 38.13 points at 7,040.32 down 0.54 percent. S&P SL20 closed 32.33 points lower at 3,778.88 lower 0.85 percent. “Investors are still keeping to […]
Sri Lanka’s Treasury bill yields drop across maturities; 12 month yield down 08bps
Oct 14, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down across maturities at Wednesday’s auction with the 12-month yield dropping 08 basis points to close at 7.10 percent, data from the state debt office showed. 3-month yields were down by 05 basis points to close at 6.73 percent while 6-month yields were down […]
Sri Lanka, Indonesia trade increased 32-pct in 2014
Oct 14, 2015 (LBO) – Trade between Sri Lanka and Indonesia increased by 32 percent in 2014 and there is vast economic and trade potential that can be explored between the two nations, the Indonesian ambassador said. “Considering that Indonesia is the 16th largest economy in the world, the current trade value between Sri Lanka […]
PTL Watch: Bond yield curve drops 30-35 basis points
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Brandix to build community leadership in water management
Oct 14, 2015 (LBO) – A new initiative to support young women holding office in community-based organisations responsible for water management and water security has been launched by the Brandix Group, as an extension of its ‘Jalavahini’ programme focussed on women community leaders.Aptly titled ‘Junior Jalavahini,’ this second phase of the programme is intended to […]
India steps up to replace China as growth engine
Oct 14, 2015 (LBO) – India stands out in economic growth terms, especially in Asia, this year and is stepping up to the plate to replace China as the world’s growth engine, analysts say. Indian industrial production surged to a three-year high of 6.4 percent in August, when countries such as Thailand, Brazil, Japan, South […]
Demand for oil expected to slow in 2016: IEA
Oct 14, 2015 (LBO) – Global demand growth for oil is expected to slow from its five-year high in 2015 next year closer towards its long term trend, the International Energy Agency said in its October Oil Market Report. Lower price support and a slow down in the global economy would also lead to oversupplied […]