Category: Economy and Markets

election-1

‘s representation to be amended

Nov 19, 2015 (LBO) – Sri Lanka is to amend the local authorities act so as to increase women’s representation in local authorities. Although about 51 percent of Sri Lankan population is women, only about 5 percent from the total members elected to the parliament, provincial councils and local government institutions are women. Sri Lanka’s […]

Harsha Calls for Evidence Based Policy Making

Harsha Calls for Evidence Based Policy Making

Nov 19, 2015 (LBO) – Sri Lanka Deputy Minister of Foreign Affairs Harsha de Silva articulated the need for evidence based policy making in the complex world of today where there is no room for policy blunders. He said while delivering the keynote address at the 5th South Asia Regional Conference of the Think Tank […]

Sri Lanka-Markets-Analysts

Poll: Sri Lanka market evenly divided on possible US rate change

Nov 19, 2015 (LBO) – Sri Lanka market participants are evenly divided on whether the U.S. will hike interest rates or not this year, with half the participants polled by Lanka Business Online saying they expect no change. Out of 14 market participants polled by Lanka Business Online, seven said they expect around a 25 […]

red roofs sri lanka

Sri Lanka to set standards for red clay roofing tiles upon asbestos ban

Nov 19 (LBO) – Sri Lanka is in the process of setting quality standards for red clay roofing tiles while increasing productivity to reduce cost of production upon the ban of asbestos roofing by 2018, an official said. “We have developed standards to cover red clay roofing tiles industry. We presented the draft standards to […]

Treasury-Bills_lbo

Sri Lanka Treasury bill yields down; 6-month yield down 37 bps

Nov 18, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down on Wednesday’s auction with the 6-month yield dropping 37 basis points to 6.50 percent, data from the state debt office showed.12-month Treasury bill yields were down by one basis point to close at 6.93 percent and the three month bills were not offered […]

parliament-1

Sri Lanka corporates hope for business friendly budget

Nov 18, 2015 (LBO) – Sri Lanka’s business community is looking foward to budget proposals that support the rapidly changing dynamics of the economy and address the budget deficit, private sector officials said.Restructuring the state sector is a key priority that should be addressed, although this requires decisive action by administrators, rather than budget proposals […]

stocks-up-lbo

Sri Lanka stocks close higher 0.06-pct: Budget concerns

Nov 18, 2015 (LBO) – Sri Lankan stocks closed higher at 0.06 percent on Wednesday with low turnover and volumes as investors kept on the side lines ahead of Friday’s government budget, brokers said. The Colombo benchmark All Share Price Index closed up 4.02 points at 6,981.97 higher 0.06 percent. S&P SL20 closed 3.95 points […]

Hambantota-port

Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships

Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be built at Hambantota port, the group chairman said. “We are now aggressively working to become a leading LPG player in other Asian markets, and with this significant investment […]

stocks-up-lbo

Sri Lanka stocks close up 0.2-pct: Gains in blue chips

Nov 17, 2015 (LBO) – Sri Lankan stocks closed up at 0.17 percent on Tuesday recovering from its four month low due to price increases in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed up 11.97 points at 6,977.95 higher 0.17 percent. S&P SL20 closed 9.30 points higher at […]

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