Category: Economy and Markets

lanka-colombo

Sri Lanka GDP grows 4.8-pct in 2015 third quarter: Census Dept.

Dec 15, 2015 (LBO) – Sri Lanka’s gross domestic product expanded 4.82 percent in the third quarter of 2015 from a year earlier, the state statistics office said. The statistics office said agriculture grew 6.9 percent, industries by 6.2 percent and services by 3.4 percent. The economic growth rate of the country for the first […]

investing

USD 1.6 bn worth FDI expected from 66 projects, 45 expansions: BOI

Dec 15, 2015 (LBO) – Sri Lanka’s Board of Investment says they are expecting 1.6 billion US dollars worth foreign direct investments through 66 new projects and 45 expansions of existing projects. “As a result of the introduction of new procedures aimed at improving facilitation, the BOI succeeded in attracting a number of important projects […]

currency_dollers

Fed liftoff largely priced in by emerging markets: ABN AMRO

Dec 15, 2015 (LBO) – A first rate hike by the U.S. Fed in nearly a decade expected this week is largely priced-in and emerging markets may have already seen most of the adjustment to Fed hikes, ABN AMRO said in a research report. "Fed message is likely to be relatively soothing, as we expect […]

Asian Development Bank

Special economic zones, a driving force for increased trade in Asia:  ADB

Dec 14, 2015 (LBO) – Special economic zones (SEZs) can be a driving force for increased trade, investment, and economic reform in Asia as it experiences a slowdown in trade, provided the right business environments and policies are put in place, a new Asian Development Bank (ADB) report said. “The expansion in the number of […]

stocks-down-lbo

Sri Lanka stocks close up 0.1-pct, high institutional activity

Dec 11, 2015 (LBO) – Sri Lankan stocks closed up at 0.12 percent after five consecutive days of losses on Friday with gains in Nestle Lanka and high institutional activity, brokers said. The Colombo benchmark All Share Price Index closed up 8.44 points at 6,832.35 up 0.12 percent. S&P SL20 closed 5.26 points up at […]

i paid a bribe sri lanka

“I Paid A Bribe” anti-corruption website launched in Sri Lanka

Dec 11, 2015 (LBO) – Sri Lanka’s government and I Paid A Bribe Sri Lanka has launched a “first of its kind” anti-corruption website www.ipaidabribe.lk to crowd source reports on corruption. President Maithripala Sirisena and Chairman of the Commission to Investiate Allegations of Bribery or Corruption (CIABOC), Dilrukshi Dias Wickramasinghe, were present at the launch […]

kvintradze imf

Sri Lanka female labor force participation could boost productivity: Kvintradze 

Dec 11, 2015 (LBO) – Sri Lanka needs labor market reforms including boosting of female labor force participation rate, a senior International Monetary Fund official said.“If you look at labour force participation across the globe and especially in Sri Lanka you see there is a huge opportunity to boost labour force participation,” Eteri Kvintradze Resident […]

stocks-down-lbo

Sri Lanka stocks close down 0.3-pct:Turnover high

Dec 10, 2015 (LBO) – Sri Lankan stocks closed down at 0.26 percent for a fifth consecutive day, Thursday with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 17.64 points at 6,823.91 down 0.26 percent. S&P SL20 closed 3.44 points down at 3,612.01 down 0.10 percent. Turnover […]

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