Category:
Sri Lanka needs balanced approach to urbanization: Min. Ranawaka
Oct 06, 2015 (LBO) – Sri Lanka’s challenge is how to achieve a pace and pattern of urban development that is beneficial to people and how to make a balanced approach to urbanization, Minister Champika Ranawaka said. “Urbanization has both positive and negative impacts on society,” the Minister of Megapolis and Western Development said. “It […]
Sri Lanka should be a trading country; no balancing acts: Harsha
Oct 06, 2015 (LBO) – Sri Lanka should be a trading country and there is no need of a balance between manufacturing and trading, Deputy Foreign Minister Harsha de Silva said. “Some say there must be a balance between manufacturing and trading. I don’t believe in this balancing. We have to go down to the […]
Q&” grade commercial property
Oct 06, 2015 (LBO) – Apartment complexes have had a strong hand in shaping the skyline of Colombo with the island’s real estate and construction industry sectors presently experiencing a boom. The key market drivers remain the luxury condominium market which has picked up within the last year. However, experts warn that buying by expatriate […]
Empty lands to be taken for food production: President
Oct 05, 2015 (LBO) – Private and state owned lands which have not been cultivated will be used for food production in the future, President Maithripala Sirisena emphasized. President Sirisena stated that it is a shame to import food from foreign countries for consumption when there is an ability to produce every food within the […]
Sri Lanka stocks close down 0.23-pct: Two week low
Oct 05, 2015 (LBO) – Sri Lankan stocks closed down 0.23 percent on Monday with losses in tobacco and beverage stocks following the government increasing the excise duty on cigarettes and liquor with effect from Saturday (03), brokers said. The Colombo benchmark All Share Price Index closed down 16.48 points at 7,089.06 lower 0.23 percent. […]
PTL Watch: Little activity, selling in 6-yr and 13-yr bonds
[pdf-embedder url=”https://lbo-stg.efserver.net/wp-content/uploads/2015/10/ptl-watch-3-05.10.2015-1.pdf”]
SriLankan flights on-time performance among top 16 airlines
Oct 05, 2015 (LBO) – SriLankan Airlines’s flights on-time performance in August has been ranked 16 out of 50 international airlines rated by a global flight data service. The Airline has recorded an on-time performance of 85.26 percent of its flights in August 2015 and not far off that of the 91.48 percent of first […]
Finance Minister aims to increase annual aid from IMF, WB
Oct 05, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake who left the island to attend the 2015 Annual Meetings of the World Bank Group and the IMF is currently aiming at increasing annual aid to Sri Lanka.Sri Lanka receives long term aid of 400 million US Dollars annually from these two institutions, the Finance […]
Sampath Bank to raise Rs7bn from listed debenture
Oct 05, 2015 (LBO) – Sri Lanka’s commercial bank sector player Sampath Bank is to raise 7.0 billion rupees from a listed debenture issue, the bank said in a stock exchange filing. Sampath Bank has decided to issue 50 million debentures at 100 rupees each with an option, to issue up to a further 20 […]
Sri Lanka’s LAUGFS acquires USD6mn LPG ship
Oct 05, 2015 (LBO) – Sri Lanka’s LAUGFS Maritime Services, a logistic arm of LAUGFS Gas PLC, said it acquired their second LPG ship to provide logistic support for the growing LPG demand in the country. This second acquisition was made with a total expected investment of USD 6 million, is named as MT ”Gas […]
Analysis: Sri Lanka foreign reserve dilemma hinges on Central Bank objectives
Oct 05, 2015 (LBO) – Acting quicker than it did in early 2012, the decision by Sri Lanka’s Central Bank to give up defending the rupee in September of this year bodes well for a quicker recovery of foreign exchange reserves. But enamored with an additional objective of economic development, that goes beyond financial and […]
Opinion: Consuming GMOs is least of our problems
Oct 04, 2015 (LBO) – For a sector so essential to Sri Lanka, it seems the public understanding of agriculture is rather poor. This may be why we have lagged behind other Asian countries in terms of crop productivity. One sign of this — almost all vegetable seeds are now imported. Agriculture experts have watched […]