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Sri Lanka’s Treasury bill yields up across maturities; 12 month yield up 25bps
Aug 26, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up across maturities at Wednesday’s auction with 12-month yield up 25 basis points to close at 6.97 percent, data from the state debt office showed. 3-month yields were up 17 basis points to close at 6.53 percent while 6-month Treasury bill yields were up […]
SriLankan Airlines’ victorious stint at Mercantile Cricket Tournament
The cricket team of SriLankan Airlines entered the Quarter Finals of the Mercantile Cricket Tournament, beating Butani Capital by 37 runs.Having elected to bat first first, SriLankan set a target of 226, with impressive knocks of 40 and 38 by Dulan Gunawardena and Sharmal Fernando. SriLankan Airlines cricketers led by skipper D.A. Chamara, started their […]
UNP and SLFP agrees over National Government: UNP Chairman Malik Samarawickrama
Aug 26, 2015 (LBO) – Sri Lanka Freedom Party and United National Party has reached an agreement to form a national government, UNP Chairman Malik Samarawickrama said.Releasing a special statement Samarawickrama said both parties had to sacrifice things for the sake of the country’s progress. “We came to an agreement subsequent to the friendly and comprehensive discussions […]
CHC mandatory offer for Taprobane Holdings
Aug 26, 2015 (LBO) – Sri Lanka’s CHC Investment will be making a mandatory offer to shareholders of financial services firm Taprobane Holdings after it bought a 30.99 percent stake at 5.50 rupees, CHC said in a statement to the Colombo Stock Exchange. The mandatory offer will be at 5.50 rupees per share. A detailed […]
Samsung launches Galaxy A8, smartphone sales grow 150 pct
Aug 26, 2015 (LBO) – Samsung launched its newest Galaxy A8 model in Sri Lanka on Tuesday amid significant growth in demand for smartphones, an offical said. The Galaxy A8 is the latest member of the Galaxy A range with 4G LTE compatibility, a 1.8/1.3 GHz Octa Core processor and its slimmest with a width […]
China cuts interest rates, global markets weigh move
Aug 26, 2015 (LBO) – China cut interest rates early on Wednesday supporting turbulent markets which plunged sharply in recent days on worries the large economy was slowing down. China’s stocks swung in both directions as markets weighed the impact of the fifth interest rate cut since November. The PBOC said it will cut the […]
Sri Lanka tea exporters to see a silver lining in dark cloud soon: Heladiv Chief
Aug 26, 2015 (LBO) – Sri Lanka’s tea exports will see positive signs in the market in near future with prospects of a settlement to the long drawn political tension between the USA and Iran and the stabilizing of the Russian Ruble, HVA foods, which exports ready to drink tea under “Heladiv” said. Sri Lankan […]
Sri Lanka should think carefully before any currency devaluation: Harsha de Silva
Aug 26, 2015 (LBO) – Sri Lanka should think carefully about devaluing the rupee as it may not be a good strategy to follow, even though other countries are trying to increase exports by weakening their domestic currencies, newly elected member of parliament and former deputy minister of policy planning Harsha de Silva said. “I, […]
Lanka IOC Q1 profit falls with lower oil prices
Aug 25, 2015 (LBO) – Fuel retailer Lanka IOC said profits in the three months to June fell to 171 million rupees from 1.2 billion rupees in the same period last year amid a sharp drop in international oil prices. Net profit plunged to 1.8 billion rupees in the full-year to March, from 4.8 billion […]
Mangala Samaraweera assumes duties as Foreign Minister of Sri Lanka
Aug 25, 2015 (LBO) – Sri Lanka’s newly appointed Foreign Minister Mangala Samaraweera assumed duties at the Foreign Ministry on Tuesday.This is his third stint at the Foreign Ministry, having been Foreign Minister for the first time between November 2005 and January 2007, and for the second time between January 2015 and August 2015.Speaking to […]
Some China researchers see yuan at 7 by year end: report
25, Aug 2015 (LBO) – Some research institutions in China are working on the assumption of the yuan weakening to 7 to the dollar by year end from the current 6.4135, a report said. Though these studies done by institutions in China have not yet been made public, they indicate analyst predictions of an eight […]
OPA Annual Conference on ‘Innovation and Technology for Sustainable Development’
The United Nations Development Programme (UNDP) joins the Organization of Professional Associations (OPA) to host the 28th Annual Conference 2015 of the OPA under the theme ‘Innovation and Technology for Sustainable Development’ which will be held on the 21st – 22nd September 2015.As the development arm of the United Nations and a key development partner […]