Category: Other
‘s Lagarde urges action to deliver on G20’s Hangzhou commitments
Sept 06, 2016 (LBO) – Christine Lagarde, Managing Director of the International Monetary Fund (IMF), called on the leadership of the Group of 20 (G20) to implement plans for economic growth through monetary, fiscal and structural adjustments, and for the wider sharing of this growth, after Summit in Hangzhou, China. “I would like to warmly […]
‘s exports to Sri Lanka up 44-pct in 1H 2016
Malaysia’s exports to Sri Lanka jumped 44 per cent to RM414.05 million in the first half of the year, up from RM286.23 million in the same period last year. Plantation Industries and Commodities Minister (Malaysia) Datuk Seri Mah Siew Keong said the increase was largely contributed by palm oil products valued at RM267.71 million, as […]
Ban Ki-moon sees development, commends steps towards reconciliation
Sept 05, 2016 (LBO) – UN Secretary General Ban Ki-moon said he had seen economic development in the island since his last visit in 2009, and commended steps taken by the government to promote reconciliation. “I visited the North of the country Jaffna, today, and saw an enormous contrast with my experience there in 2009. […]
Sri Lankan High Commissioner in Malaysia beaten up at airport
Sept 05, 2016 (LBO) – The Sri Lankan High Commissioner in Malaysia, Ibrahim Sahib Ansar, was beaten up by a group of LTTE supporters at the Kuala Lumpur airport after he refused to divulge the whereabouts of former Sri Lankan President Mahinda Rajapaksa who is on a visit to Malaysia, media reports said. According to […]
CDS celebrates 25 years in Sri Lankan capital market
Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), celebrates 25 years in the Sri Lankan Capital Market today. The CDS was established by the CSE in 1991, marking a historic breakthrough in clearing and settlement in Sri Lanka. The milestone was celebrated at a market opening ceremony […]
NDB opens trading for September at Colombo Stock Exchange
National Development Bank PLC (NDB) rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) for the month of September and recognized the capital market as a key contributor to the growth of the Bank over the years. Director/Chief Executive Officer of NDB Mr. Rajendra Theagarajah stated “NDB is a classic example […]
UNSG meets President, Speaker of Parliament and political party leaders
The President, the Speaker of the Parliament and other leaders of political parties met with the visiting United Nations Secretary General Ban Ki-moon in Colombo.
Fitch affirms Citibank Colombo branch at AAA(lka); outlook stable
Fitch Ratings has affirmed Citibank N.A.Colombo Branch’s (CitiSL) National LongTerm Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS CitiSL’s rating is the highest on the National Rating scale and reflects the credit profile and financial strength of Citibank, N.A. (A+/Stable). Citibank, N.A.’s rating is higher than Sri Lanka’s LongTerm Localand ForeignCurrency Issue Default Ratings of ‘B+/Negative’, and as a result […]
Ban Ki-moon calls on Prime Minister Ranil Wickremesinghe
UN Secretary General Ban Ki-moon calls on Hon. Prime Minister Ranil Wickremesinghe shortly after arriving in Sri Lanka yesterday evening.
Better demand for Sri Lanka low growns, Jan-July tea production down
Sep 01, 2016 (LBO) – Sri Lanka’s tea prices in overall auction offerings were marginally lower with better demand for low grown and mid to high grown prices easier, Forbes & Walker Tea Brokers said in their latest report. “Low Grown varieties together with the leafy teas from the high and medium grown elevation continued […]
India, fastest growing big economy with 7.1 pct GDP growth
Sept 01, 2016 (LBO) – India maintained its title as the world’s fastest growing big economy in the April to June quarter with gross domestic product growth of 7.1 percent, the latest data showed. Although this was its slowest pace for two years, and a slowdown from the previous quarter growth of 7.9 percent, it […]
Ceylinco Life’s 6-month income up 14-pct to Rs 11 billion
(PRESS RELEASE) – Ceylinco Life has reported that total income grew 14 per cent to Rs 11.028 billion in the six months ending 30th June 2016, with robust growth in both gross written premium and income from investments enabling the life insurance leader to consolidate its position at the helm of the sector. Gross premium […]