Author: lbostgadmin
Sri Lanka authorities in talks over Paypal freedoms
Jan 12, 2014 (LBO)- Sri Lanka’s monetary and information technology authorities are in discussions over freeing Paypal inward payments for citizens in the country, Central Bank Governor Nivard Cabraal said.Sri Lanka had full capital mobility for several centuries until the establishment of a money printing central bank in 1951, which led to currency depreciation due […]
Funding Channel
Jan 12, 2014 (LBO) – Private equity can help fast growing small and medium enterprises looking for finance Jupiter Capital Partners which is organizing a seminar targeting the sector said.“There are a lot of small medium and enterprise with very interesting business models who cannot grow without traditional banking and finance cannot accommodate them,” Indika […]
Sri Lanka protests US war crimes remarks
COLOMBO, January 10, 2014 (AFP) – Sri Lanka said Friday it would protest to the United States over its allegations that army shelling killed hundreds of families during the final days of the island’s ethnic civil war. Sri Lanka maintains that not a single civilian was killed by troops and in November ordered a census […]
Sri Lanka targets US$2.5bn in FDI in 2014
Jan 10, 2014 (LBO) – Sri Lanka is targeting 2.5 billion US dollars in foreign direct investors in 2014 with 2013 estimated to have drawn about 1.3 billion US dollars, a minister said. Investment promotions minister Lakshman Abeywardene said FDI inflows had reached 870 million US dollars by September and full year data was still […]
US war crimes envoy visits Sri Lanka site
COLOMBO, January 9, 2014 (AFP) – A top US official investigating war crimes has visited a former Sri Lankan battleground where hundreds of families were killed in army shelling, the US embassy said Thursday, triggering an angry response from Colombo. The US Ambassador for Global Criminal Justice Stephen Rapp spent Wednesday and Thursday travelling in […]
Cricket: Ton-up Jayawardene gives Sri Lanka upper hand
DUBAI, January 9, 2014 (AFP) – Mahela Jayawardene defied a left-hand webbing injury to notch his 32nd century and Kaushal Silva missed his by five runs as Sri Lanka gained an upper hand over Pakistan in the second Test in Dubai on Thursday.Pakistan’s bowling woes were highlighted by Ajmal’s failure for a second successive innings. […]
Scapgoat
WASHINGTON, January 9, 2014 (AFP) – An American jailed for nine months in the United Arab Emirates for making a spoof YouTube video mocking Dubai teenagers returned home Thursday, comparing the experience to being in a “cage.” Being back on American soil “feels great,” Shezanne Cassim, 29, told an impromptu press conference just a few […]
Staff Policy
Jan 10, 2014 (LBO) – Sri Lanka’s finance companies which are being encouraged to merge with one another should not retrench staff, Central Bank Governor Nivard Cabraal said. The monetary board, the decision-making body of the Central Bank has decided on the move at a meeting Thursday. “In the event of a consolidation or merger […]
Sri Lanka stocks end higher
Jan 10, 2014 (LBO) – Sri Lanka stocks close up 0.23 percent for the fourth consecutive day with banking and property stocks gaining, brokers said. Lanka Orix Leasing Company closed 50 cents lower at 71.50 rupees and Sri Lanka Telecom closed flat at 37.10 rupees. Aitken Spence closed 1.40 rupees higher at 106.20 rupees and […]
Sri Lanka thermal energy generation up
Jan 09, 2014 (LBO) – Thermal generation at Sri Lanka’s state-run power utility has reached 70 percent with a sharp drop in cheap hydro generation amid dry weather, official data shows.On January 07, Ceylon Electricity Board generated 69.9 percent of its daily 32.5 GigaWatts (millions of units of electricity) from thermal sources with hydro at […]
Sri Lanka stocks close up 0.2-pct
Jan 09, 2014 (LBO) – Sri Lanka stocks end 0.25 percent higher Thursday with tobacco and diversified stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 14.87 points higher at 6,069.34, up 0.25 percent. The S&P SL20 closed 12.08 points higher at 3,362.39, up 0.36 percent. Turnover was 1.57 billion rupees, up […]
Sri Lanka new 5-year sovereign bond pricing will help private firms: Standard Chartered
Jan 08, 2014 (LBO) – A 6.0 percent benchmark yield on a billion US dollar sovereign bond will help corporates seeking foreign finance this year, Standard Chartered Bank said. The bond was lead managed latest sovereign bond was managed by Citi, HSBC, Standard Chartered and UBS. Sri Lanka sold the bond following some uncertainty in […]