Author: lbostgadmin
Sri Lanka economy to grow 5.5-pct through end 2015; inflation 3-pct: IMF
Sep 18, 2015 (LBO) – Sri Lanka’s economic growth is likely to continue in the range of 5 to 5.5 percent through end 2015, driven by strong growth in services and a recovery in agricultural output, the IMF mission said. IMF mission led by Todd Schneider who visited the island recently to conduct Post-Program Monitoring […]
Alibaba falls below IPO price in New York Stock Exchange
Sep 18, 2015 (LBO) – The Chinese e-commerce giant Alibaba’s shares in the New York Stock Exchange have fallen below its initial offering price. Twelve months ago, Alibaba’s IPO priced at 68 US dollars, raised 21.8 billion US dollars for the company and made it the biggest IPO in US history. The share surged more […]
Sri Lanka stocks close down 0.08-pct: JKH losses
Sep 18, 2015 (LBO) – Sri Lankan stocks closed down 0.08 percent on Friday with low investor activity and losses in John Keells Holding, brokers said. The Colombo benchmark All Share Price Index closed down 5.64 points at 7,107.87 lower 0.08 percent. S&P SL20 closed 7.94 points higher at 3,893.02 up 0.20 percent. Turnover was […]
UN Secretary General hails Human Rights Commissioner’s report on Sri Lanka
Sep 18, 2015 (LBO) – The UN Secretary General Ban Ki-moon has welcomed the report of the office of the High Commissioner for Human Rights on promoting reconciliation, accountability and human rights in Sri Lanka.Releasing a statement, Secretary General stated that the victims of all communities, their families and the Sri Lankan nation itself demand […]
Sri Lanka’s Commercial Bank to explore Maldives expansion
Sep 18, 2015 (LBO) – Sri Lanka’s Commercial Bank of Ceylon is planning on setting up a banking subsidiary in the Republic of Maldives in partnership with a Maldivian company, the bank said in a stock exchange filing.“We are delighted to receive a licence to operate a fully-fledged banking subsidiary in the Maldives,” Commercial Bank’s Managing […]
Sri Lanka’s cabinet decides policy on advisors
Sep 18, 2015 (LBO) – Sri Lanka’s Cabinet of Ministers has decided on policy with regard to appointment of advisors to the Cabinet and payment of their allowances, media spokesman, Minister Rajitha Senaratne had said.The government consideration would only be given to appoint eminent persons with wide knowledge on the subject matters, advice which cannot […]
Asian stocks mixed following Fed decision to hold rates
Sep 18, 2015 (LBO) – Asian markets traded mixed after the US Federal Reserve kept interest rates unchanged. Japan’s Nikkei 225 index was down 1.5 percent to 18,164.41 in morning trade. Chinese shares, Shanghai Composite index was up 0.8 percent to 3,111.13, while Hong Kong’s Hang Seng index was up 0.4 percent to 21,933.95 in early trade. South […]
No change! US holds interest rates unchanged
Sept 18, 2015 (LBO) – The U.S. held interest rates steady on Thursday after a two-day monetary policy meeting citing low inflation and uncertain global economic growth. The yield on 10-year U.S. Treasuries fell to 2.23 percent from 2.30 percent the previous day. The S&P index closed down 0.26 percent, while the Nikkei is now down […]
SriLankan Airlines invests in continuous employee development
National carrier SriLankan Airlines has initiated a dynamic venture for harnessing the potential and talents of their employees, by proposing to fund their post graduate higher education under the Airlines’ Continuous Professional Development Programme.The objectives of the programme is aimed at developing a motivated and highly skilled professional workforce that would contribute positively to the […]
Mr and Miss UK commends Sri Lanka – Destination of the Year title
Miss UK Natasha Hemmings and Chris Bramell Mr. UK, who visited Sri Lanka Tourism commended the title Destination of the Year’ – for sea and tea by The Sunday Times UK the best selling news paper in UK which reaches 3.5 million on a multi platform basis.Chairman Sri Lanka Tourism Promotions Dr Rohantha Athukorala commented […]
Govt signs USD 150 mn ADB loan for water to dry zone
Sep 17, 2015 (LBO) – Sri Lanka’s government signed a 150 million US dollar loan agreement with the ADB to address the water scarcity in the islands dry zone, the Asian Development Bank said in a statement. The loan is the first tranche of a 453 million US dollar multi-tranche financing facility to help complete […]