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PTL Watch: Dull trade in bonds, more foreign selling
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Investment Summit: Course adjustment on Bank consolidation, says CB Governor
Singapore, Mar 18, 2016 (LBO) – The path towards Sri Lanka’s bank conslidation is being reviewed, and a course correction is taking place, Central Bank Governor Arjuna Mahendran told the Sri Lanka Investment Summit, organized by FinanceAsia, this week. “The principle concern of the current government is that that consolidation was predicated too much on […]
LAUGFS Lubricants expands to serve the Northern Province
LAUGFS Lubricants (Pvt) Ltd, the first Sri Lankan company to enter the local lubricant industry back in 2008, has further expanded its product portfolio to the Northern Province. The appointment of distributorship for the Anuradhapura region took place recently with the presence of company senior officials. This is also expected to serve customers in the […]
Central Bank Governor on Bloomberg (VIDEO)
Our Policies Will Take Sri Lanka to Next Level: Mahendran Arjuna Mahendran, governor of the Central Bank of Sri Lanka, discusses Sri Lanka’s economy, their monetary policies and the outlook for the island nation. He speaks to Bloomberg’s Haslinda Amin on “First Up.” (Source: Bloomberg) VIDEO
Govt to renovate 30-year old generators at Victoria Power Station
Mar 17, 2016 (LBO) – The cabinet nod has been given to renovate the generators at the Victoria Power Station to obtain their maximum efficiency. It has been decided to award the tender for replacement of the Stator of the No. 03 generator of the Victoria Power Station to the bidder recommended by the Cabinet […]
PTL Watch: Yields tick higher with bond auction
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Sri Lanka up 15 notches in World Happiness Report 2016
Mar 17, 2016 (LBO) – Sri Lanka’s happiness has climbed 15 places to rank at 117 position bagging 4.415 points in the latest World Happiness Report published on Thursday. The country was ranked 132th in the second edition of the report published in 2015. Denmark topped the ranking while Switzerland bagged the second place in […]
71 Commercial Bank branches to be kept open on Good Friday
For the second time this month, the Commercial Bank of Ceylonwill keep71 branches open for business on a Public and Bank holiday, this time on 25th March, which is Good Friday. The Bank has announced that its30 Supermarket Banking Centres and 25 ‘365-day’ branches will work their customary hours on that day, while another 16 […]