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PM calls on all to join country’s growth drive
Jan 04, 2015 (LBO) – Prime Minister, Ranil Wickremesinghe in his new-year message called on all Sri Lankan’s to join the government in its march towards rapid development. “We want to see a rapid development drive in the country, our aim is to develop the country from the Western Province to Trincomalee on one side […]
PTL Watch: Buying interest seen, bond yields drop
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Tourist arrivals in Sri Lanka up 17.8-pct in 2015
Jan 04, 2015 (LBO) – Tourist arrivals to Sri Lanka were up 17.8 percent with 1.8 million visitors recorded in 2015, the tourism office said. December arrivals grew 15.4 percent to 206,114 from a year ago with total annual arrivals at 1,798,380, provisional data from the tourism office showed. Indian arrivals grew 30.3 percent to […]
Pakistan PM on three-day visit to Sri Lanka
Jan 04, 2015 (LBO) – Pakistan’s Prime Minister Nawaz Sharif will be in Sri Lanka this week on a three-day visit for bilateral talks with the government and to launch a single country exhibition. Among topics to be discussed include the existing Free-Trade Agreement and cooperation in several areas including health, science and technology, money […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Michael Scharpf
BACKGROUND Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Michael Scharpf
BACKGROUND Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for […]
Sri Lanka Ports Authority raises Rs40mn from vehicle auction
Jan 01, 2016 (LBO) – Sri Lanka Ports Authority has raised 40 million rupees from auctioning their unused vehicles, the authority said. 67 bidders have forwarded their bids to the auction held Wednesday which included 50 vehicles and 33 associated equipment. Sri Lanka Ports Authority said this was the first time such a large number […]
Colombo inflation decelerates to 2.8-pct in December
Jan 01, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 2.8 percent in December 2015 from a year earlier, down from 3.1 percent in November 2015 with the inflation index rising 0.3 percent in the month, the state statistics office said. The Consumer price index for all items in December was 185.2 […]
PTL Watch: Buying interest in select bond maturities
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Sri Lanka Treasury issues bonds to support state enterprises
Jan 01, 2016 (LBO) – Sri Lanka’s treasury has issued 50 billion rupees in bonds to repay outstanding loans or raise capital of state-owned enterprises, a Central Bank official said, explaining the likely scenario for an increase in bonds outstanding this month. Data shows a bond maturing 15 December 2020, for 50 billion rupees, placed […]
Sri Lanka interest rates tied to inflation, Fed: CB Governor
Jan 01, 2016 (LBO) – Sri Lanka will review policy interest rates based on inflation outlook and external factors such as Fed interest rates, the Central Bank Governor told a press conference. “The key thing to look at is inflationary expectations and that is something we have full responsibility for,” Governor Arjuna Mahendran said. The […]