Author: lbostgadmin
Sri Lanka Jan-Oct exports up by 8.7 pct to $9bn
Dec 10, 2014 -Sri Lanka’s provisional merchandise (only) exports surged by 8.79 percent to 9.104 billion dollars in the months of January to October 2014, the export development board (EDB) said. Italy appears to overtake India to become the third largest export market as provisional exports to Italy jumped by a strong 29 percent. US […]
LBR LBO Debrief – “Economic Outlook 2015” – Tuesday 9th December 2014
Topic: LBR LBO Debrief Economic Outlook 2015 Date/Time: Tuesday 9th December 2014 | 0900 – 1300 HRS Speakers: Samiran Chakraborty | Head of South Asia Macro Research | Standard Chartered Bank Nishan de Mel D.Phil. (Oxford) | Executive Director cum Head of Research | Verité Research Moderator: Anush Wijesinha | Research Economist | Institute of […]
Former UNP member Tissa Attanayake joins government: Media Report
Dec 08, 2014 (LBO) – United National Party’s (UNP) former General Secretary Tissa Attanayake has joined the Government, a media report said. Attanayake today resigned from his post of General Secretary at United National Party (UNP). The report said, President Mahinda Rajapaksa had made this comment to the public near the Department of Elections in […]
Sri Lanka reduces fuel and gas prices
Dec 07, 2014 (LBO) – The Government of Sri Lanka reduced the prices of fuel and gas with effect from midnight Friday, a media report said. The price of a 12.5 kilogram domestic gas cylinder have been reduced by 250 rupees. Price of a liter of petrol and diesel have been reduced by seven rupees […]
’s economy is stable and moving towards reducing poverty: Governor
Dec 05, 2014 (LBO) – Sri Lanka’s economy is stable and moving towards reducing poverty in the Island, Central Bank Governor, Ajith Nivard Cabraal said. He said electricity, road development and better income is needed to achieve this target. In 2005, only 72 percent of the county’s population were given electricity and 28 percent haven’t […]
Remove Cut outs and Banners: Election Commissioner
Dec 05, 2014 (LBO) – Sri Lanka’s Elections Commissioner instructed all local government institutions to remove cut-outs and banners with regard to the forthcoming presidential election, a media report said. If it is wrong the legal actions should be taken, Keheliya Rambukwella said. Action must be taken from the relevant government authorities, It is wrong […]
Sri Lanka tourist arrivals up 9.4 -pct in November 2014
Dec 04, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 9.4 percent to 119,727 in November 2014 from a year earlier, driven by China and India, data from the state tourism promotion office showed.Middle Eastern visitors were down 10.5 percent to 4,327 with arrivals from Saudi Arabis up 48.0 percent to 1,328 and UAE down […]
Digital Advertising
Dec 04, 2014 (LBO) – Sri Lankan companies should adopt the digital change in advertising to drive growth due to increasing number of mobile and internet penetration in the island advertising expert said. œDigital media is gaining popularity all across Asia and it is becoming imperative for brands to go digital, CVL Srinivas, Chief Executive […]
Sri Lanka stocks close down 0.6-pct
Dec 02, 2014 (LBO) – Sri Lanka’s stocks closed 0.62 percent lower with telco, beverages and oil palm stocks losing ground amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 45.10 points lower at 7,230.58, down 0.62 percent. The S&P SL20 closed 15.54 points lower at 4,025.13, down 0.38 percent. […]
Opposition Presidential candidate Maithripala Sirisena signs MoU
Dec 01, 2014 (LBO) – The common opposition presidential candidate Maithripala Sirisena signed a Memorandum of Onderstanding (MoU) with several political parties including the United National Party (UNP) and people’s organization in Sri Lankain Sri Lanka for the forthcoming presidential election. Around 36 political parties and people’s organizations were expected to sign the agreement today. […]
07 Sri Lanka banks and finance companies wrap up consolidation plans in November 2014: Central Bank
Dec 01, 2014 (LBO) – Sri Lanka’s regulator driven consolidation is on track, completing 07 banks and finance and leasing companies’ (NBFIs) given approval for mergers and recapitalization during November 2014 and another 22 NBFIs and 4 banks are in progress for completion in due course, the Central Bank said. One-to-one meetings chaired by the […]
Sri Lanka gets foreign banks support: Central Bank
Dec 01, 2014 (LBO) – Sri Lanka’s Central Bank says that the foreign banks in Sri Lanka are expected to show greater participation in economic activities. Foreign banks in Sri Lanka are expected to demonstrate a greater participation in economic activities and to make significant contribution to the economy, Central bank said in a recent […]