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PTL Watch: Excess liquidity absorbed through OMO
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‘l tech IPOs possible in 2016
Dec 28, 2015 (LBO) – Four technology startups with billion-dollar-plus valuations are getting ready for initial public offerings in early 2016, following one of the slowest technology IPO years on record, a report said. This could mean a better outlook for technology IPOs next year. Although market conditions could alter their plans, Nutanix, Okta, Twilio […]
Tourists to Maldives edge up despite recent emergency
Dec 28, 2015 (LBO) – Maldives reported higher tourist arrivals in November despite a recent state of emergency, a media report said. The number of tourists who visited the Maldives last month increased by 0.5 percent to 90,218 from 89,778 in November 2014, statistics published by the tourism ministry showed. A total of 1,114,993 tourists […]
Surprise visit signals possible thawing of India-Pakistan relations
Dec 28, 2015 (LBO) – A surprise visit on Christmas Day between the leaders of India and Pakistan could be a sign of thawing relations between the two nuclear-armed countries.Indian Prime Minister Narendra Modi’s trip to meet his Pakistani counterpart Nawaz Sharif is the first visit to Pakistan by an Indian prime minister in almost […]
Sentence reduced for Sri Lankan maid sentenced to death by stoning
Dec 24, 2015 (LBO) – The Government of Sri Lanka on Wednesday announced that the appeal for clemency on the sentence was successful and the Sri Lankan national will now have to serve a reduced sentence and serve a term in prison. The Appeal against the verdict of the Sri Lankan domestic worker arrested on the […]
Game changing property projects in emerging markets 2015
The skylines of the world’s emerging cities are being transformed. Colombo is no exception. As construction booms in the emerging markets, cities in these regions will soon be home to record-breaking property developments and some of the most ground-breaking real estate the world has seen. As the year draws to a close, online property portal […]
Sri Lanka labour force 9 mn, unemployment 5 pct in 3Q: Census Dept
Dec 23, 2015 (LBO) – Sri Lanka’s labour force is about nine million in the third quarter of 2015, of which 64.5 percent are males and 35.5 percent are females, the Department of Census and Statistics said. The Department has released employment, unemployment and labour force statistics based on a sample of about 6,250 housing […]
Sri Lanka stocks close higher 0.06-pct
Dec 23, 2015 (LBO) – Sri Lankan stocks closed higher at 0.06 percent after two consecutive days of losses ahead of the Christmas long week-end with index heavy stock making gains, brokers said. The Colombo benchmark All Share Price Index closed higher at 4.07 points at 6,858.64 up 0.06 percent. S&P SL20 closed 1.35 points […]
Sri Lanka to set up Dispute Resolution Tribunal for sports
Dec 23, 2015 (LBO) – Sri Lanka’s sports ministry is to establish a separate tribunal for the speedy resolution of disputes arising in the sports sector. Sports Minister Dayasiri Jayasekara speaking to media stated that a 10 member tribunal will be set up for this task which will consist of retired judges.“We want to expedite […]
SriLankan operates special Bangkok-Colombo flight following cancellation
Dec 23, 2015 (LBO) – SriLankan Airlines has made arrangements for 32 passengers with onward connections in Colombo to travel on flights of other airlines after an aircraft engine cowling was damaged on the ground at Bangkok’s Suvarnabhumi Airport, resulting in the Bangkok-Colombo Flight UL883 being cancelled. The incident has taken place when a baggage cart operated by […]
PTL Watch: Bond yields up with auction
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Sri Lanka’s economic goals can be achieved through addressing brain drain: Eran
Dec 23, 2015 (LBO) – Sri Lanka’s deputy Minister of State Enterprise Development said that internationally exposed management skills of local expatriates are the need of the hour if the island nation is to achieve its expected economic targets in the near future. “Everyone only talks of capital and technology but in my experience it […]