Category:
’s economy is stable and moving towards reducing poverty: Governor
Dec 05, 2014 (LBO) – Sri Lanka’s economy is stable and moving towards reducing poverty in the Island, Central Bank Governor, Ajith Nivard Cabraal said. He said electricity, road development and better income is needed to achieve this target. In 2005, only 72 percent of the county’s population were given electricity and 28 percent haven’t […]
Sri Lanka tourist arrivals up 9.4 -pct in November 2014
Dec 04, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 9.4 percent to 119,727 in November 2014 from a year earlier, driven by China and India, data from the state tourism promotion office showed.Middle Eastern visitors were down 10.5 percent to 4,327 with arrivals from Saudi Arabis up 48.0 percent to 1,328 and UAE down […]
Digital Advertising
Dec 04, 2014 (LBO) – Sri Lankan companies should adopt the digital change in advertising to drive growth due to increasing number of mobile and internet penetration in the island advertising expert said. œDigital media is gaining popularity all across Asia and it is becoming imperative for brands to go digital, CVL Srinivas, Chief Executive […]
Sri Lanka stocks close down 0.6-pct
Dec 02, 2014 (LBO) – Sri Lanka’s stocks closed 0.62 percent lower with telco, beverages and oil palm stocks losing ground amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 45.10 points lower at 7,230.58, down 0.62 percent. The S&P SL20 closed 15.54 points lower at 4,025.13, down 0.38 percent. […]
Sri Lanka stocks close up 1.7-pct
Dec 01, 2014 (LBO) – Sri Lanka’s stocks closed higher with the price gains of index heavy John Keells Holdings and Commercial Bank amid net foreign buying, brokers said. Foreign investors bought 320.98 million rupees worth shares while selling 237.19 million rupees worth shares. Commercial Bank of Ceylon closed 6.30 rupees higher at 164.90 rupees […]
Award
Dec 01, 2014 (LBO) – Sri Lanka National Development Bank (NDB) was recognised with the ˜Banker Financial Inclusion Award 2014’ of the Banker Magazine UK at a ceremony in London recently, the bank said in a media statement. The award is conferred to only one global victor each year, recognizing its efforts towards promoting financial […]
Opposition Presidential candidate Maithripala Sirisena signs MoU
Dec 01, 2014 (LBO) – The common opposition presidential candidate Maithripala Sirisena signed a Memorandum of Onderstanding (MoU) with several political parties including the United National Party (UNP) and people’s organization in Sri Lankain Sri Lanka for the forthcoming presidential election. Around 36 political parties and people’s organizations were expected to sign the agreement today. […]
Vietnam wants FTA with Sri Lanka
Dec 01, 2014 (LBO) – Sri Lanka had been asked to promote trade with Vietnam through Free Trade Agreements as there was a vast unrealised trade potential between the countries, an official of Vietnam Embassy said. There is huge unrealised trade potential between both countries that we need to explore, Ms. Phan Kieu Thu, Vietnam’s […]
Sri Lanka gets foreign banks support: Central Bank
Dec 01, 2014 (LBO) – Sri Lanka’s Central Bank says that the foreign banks in Sri Lanka are expected to show greater participation in economic activities. Foreign banks in Sri Lanka are expected to demonstrate a greater participation in economic activities and to make significant contribution to the economy, Central bank said in a recent […]
07 Sri Lanka banks and finance companies wrap up consolidation plans in November 2014: Central Bank
Dec 01, 2014 (LBO) – Sri Lanka’s regulator driven consolidation is on track, completing 07 banks and finance and leasing companies’ (NBFIs) given approval for mergers and recapitalization during November 2014 and another 22 NBFIs and 4 banks are in progress for completion in due course, the Central Bank said. One-to-one meetings chaired by the […]
Sri Lanka beats England by eight wickets: Take 2-0 lead
Nov 29, 2014 (LBO) – Sri Lanka beat England by eight wickets in a one-day international canter to 2-0 lead in the series, a media report said.Rainy weather reduced the match to 45 overs per side. Sri Lanka scored 186 for two wickets beat England for 185 by eight wickets and with 64 balls remaining. […]
Sri Lanka inflation declines in November 2014: Amid rise in food prices
Nov 29, 2014 (LBO) – Sri Lanka’s inflation, continued its decelerating trend observed since June 2013 and reached 1.5 percent in November 2014 compared to 1.6 percent in October on an annual average basis which is lowest since November 2009, the Central bank of Sri Lanka said in a media release. The data is based […]