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Sri Lanka to receive USD1.1 bn under RBI swap arrangement: Central Bank Governor
Sept 03, 2015 (LBO) – Sri Lanka will receive the balance 1.1 billion dollars from the Reserve Bank of India to boost foreign reserves under a 1.5 billion dollar swap arrangement, the Central Bank Governor Arjuna Mahendran confirmed to Lanka Business Online. On April 30th, Sri Lanka obtained 400 million dollars under this arrangement, which […]
Sri Lanka gearing up for period of continuous growth: Softlogic Stockbrokers
Sep 03, 2015 (LBO) – Sri Lanka is heading into a decisive phase and we expect continuous growth in the island for the next few years through consistent government policy, a senior stockbroker said.“I think this is a critical phase for the country and we are looking at a new horizon,” Dihan Dedigama, Chief Executive […]
Sri Lanka govt must be consistent, speak with one voice: Pathfinder Foundation
Sep 03, 2015 (LBO) – Sri Lankan think tank Pathfinder Foundation urged the new national unity government to speak with one voice on necessary, urgent economic reforms and “operate in a well-coordinated and consistent manner.” “The new government, which, has committed to operate in a consensual spirit (sammuthi vaadi), needs to speak with one voice […]
Speaker declares ITAK leader Sampanthan as opposition leader in Parliament
Sep 03, 2015 (LBO) – Speaker Karu Jayasuriya has declared ITAK group leader R.Sampanthan as the opposition leader of the 8th Parliament.The speaker reveled Parliament that the UPFA has not forwarded any name for the post of the opposition leader. Meanwhile the motion to increase the Cabinet Ministerial posts up to 48 is to be […]
JVP national list MP Mayadunne to resign from Parliament
Sep 03, 2015 (LBO) – JVP national list Parliamentarian and former Auditor General SC Mayadunne says he has decided to resign from Parliament.Speaking to LBO, Mayadunne said he is preparing to make a special statement in Parliament today. “I requested the speaker to allow me to make a statement in Parliament today regarding my resignation […]
Asian stocks up as China takes long week-end break
Sep 03, 2015 (LBO) – Asian markets opened higher on Thursday, following a Wall Street rally on Wednesday and stronger commodity prices, foreign media reports said. Japan’s benchmark Nikkei index was up 1.8 percent to 18,412.2 in early trade. While, In South Korea, the benchmark Kospi index was higher by 0.8 percent at 1,929.6 after […]
‘s SMEs need more growth capital to be competitive: ADB
Sep 03, 2015 (LBO) – Sri Lanka’s and the rest of Asia’s small and medium sized enterprises (SMEs) need finance to help them grow into dynamic, internationally competitive companies, an Asian Development Bank (ADB) report said.This is key to strong, sustainable growth in Asia as the world recovers from the recent global economic slowdown, says […]
Germany adds zest to Ceylinco Life’s ‘Family Savari 9’ promotion
Ceylinco Life has stimulated fresh interest in its ‘Family Savari’ mega promotion with the announcement today that five policyholders and their families will win an all-expenses-paid holiday in Germany as the grand prize of the 2016 edition of this annual extravaganza. The addition of an exciting and aspirational new destination each year has become a […]
Sri Lanka Freedom Party needs to restructure completely: President
Sep 02, 2015 (LBO) – Sri Lanka Freedom Party needs a complete restructuring in order to gain back power in the future, President Maithripala Sirisena said. “To win the next election and to form a government in the future, we need to give birth to a legitimate political child,” President Sirisena said. Speaking at the […]
Sri Lanka treasury bill yields up; 1-year up 20 bp at 7.17pct
Sep 02, 2015 (LBO) – Sri Lanka’s treasury yields were up at Wednesday’s auction with the 3-month yield up 26 basis points to 6.79 percent, data from the state debt office showed.The 6-month yield were up 20 basis points to 7.07 percent, and the 12-month yield also rose 20 basis points to 7.17 percent. The […]
Sri Lanka joins Budapest Convention on Cybercrime
Sep 02, 2015 (LBO) – Sri Lanka has become a fully fledged member of the Budapest Convention on Cybercrime from this month, Council of Europe Treaty Office said.Sri Lanka is the first country in South Asia, and only the second in Asia after Japan, to join this Convention. The country ratified the convention on 29 […]