Category: Economy and Markets
CSE Rings Bell for Gender Equality
The CSE recently joined the Sri Lanka Institute of Directors (SLID), IFC – a member of the World Bank Group, UN Global Compact, UN Women, the World Federation of Exchanges, Women in ETFs and the Sustainable Stock Exchanges (SSE) Initiative to ring the opening bell for gender equality. These bell-ringing events are taking place in […]
‘s total revenue in 2015
Mar 09, 2016 (LBO) – Ceylon Tobacco Company, a unit of British American Tobacco said the company contributed 91.6 billion rupees to the government during 2015 which accounts for 7 percent of the Government’s total tax revenue. “This constitutes approximately 88 percent of the value generated by the Company making the Government a key stakeholder […]
Sri Lanka increases VAT to 15-pct, imposes Capital Gains Tax
Mar 08, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament that the government has decided to amend certain budget proposals applicable for this year. “We hope to amend few budget proposals in line with medium term objectives of the development activities of the government as well as considering the current global scenario […]
Sri Lanka stocks close down 2-pct at near two year low
Mar 04, 2016 (LBO) – Sri Lankan stocks closed down 2.02 percent with losses across the board following an announcement from the government to re-introduce Capital Gains Tax which has not been implemented in Sri Lanka from 1987, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 112.50 points at 5,934.72, down 2.02 […]
State debt rose to 9.5 trillion rupees after revealing hidden dues: PM
Mar 08, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament Tuesday that the island’s debt has now increased to 9.5 trillion rupees after adding hidden government dues which amount to 1,442 billion rupees. Wickremesinghe, making a special statement in Parliament, said as at end of 2015 the state debt amounted to 8,475 […]
LIRNEasia expands knowledge base in big data
Mar 08, 2016 (LBO) – A new report from LIRNEasia on using behavioral big data for public purposes aims to explores privacy issues at the frontiers of research on big data, the think tank said. The research aims to produce insights from Mobile Network Big Data (MNBD) for informing policy across various domains such as […]
PTL Watch: Selling in 2023, 2024 Sri Lanka bonds
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Brent oil up 5.5 pct, iron ore up 19 pct as commodities rally
Mar 08, 2016 (LBO) – Oil rose to a two-month high, up 5.5 percent, on a technical rally which is being closely watched by markets, as iron ore jumped 19 percent, and Gold rose to its highest in a year. Brent crude rose 5.5 percent to 40.8 dollars per barrel, as analysts said a break […]
Sri Lanka Investment and Business Conclave 2016 to open
Mar 07, 2016 (LBO) – Sri Lanka Investment and Business Conclave 2016 organised by the Ceylon Chamber of Commerce will commence tomorrow in Colombo with the participation of 125 plus potential investors from 27 countries. Apart from them, 130 Sri Lankan executives representing top local firms will take part in the event in order to […]
PTL Watch: Lackluster trading, some foreign selling in bonds
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Sri Lanka stocks close lower 0.06-pct
Mar 04, 2016 (LBO) – Sri Lankan stocks closed lower at 0.06 percent with losses in some index heavy stocks, stocks, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 3.61 points lower at 6,057.22 down 0.06 percent. The S&P SL20 closed 1.60 points lower at 3,204.50 down 0.05 percent. Turnover was 334 […]
Sri Lanka tourism earnings up 23-pct; CSE net inflows down 97-pct in 2015
Mar 04, 2016 (LBO) – Sri Lanka’s earnings from tourism has increased significantly in 2015 recording a 22.6 percent increase against the previous year. In the twelve months to December, Sri Lanka has earned 2,980.7 million US dollars from tourism while earning 2,431.1 million US dollars in 2014. Workers’ remittances recorded a marginal decline of […]