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‘s inflation at 4.5-pct in August 2014: Central Bank
August 30, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.5 per cent in August 2014 compared to 4.7 per cent in July 2014, on an annual average basis the Central bank of Sri Lanka said in a media release. Within the Non-food category, prices of items in […]
Sri Lanka stocks close up 0.6-pct
Aug 29, 2014 (LBO) – Sri Lanka’s stocks close 0.61 percent higher on Friday with beverage stocks gaining despite low foreign participation, brokers said. Ceylon Tobacco Company closed 16.20 rupees higher at 1,197.20 rupees and Nestle Lanka closed 48.00 rupees higher at 2,148.00 rupees, contributing most to the index gain. Lion Brewery Ceylon closed 26.70 […]
Online Solution
August 29, 2014 (LBO) – Sri Lanka is to launch an online support system focusing on the issues faced by the small and medium entrepreneurs in the island, Ministry of Industry and Commerce said in a media release. The tool will periodically present views and experiences of entrepreneurs and micro biz operating in formal and […]
Sri Lanka inflation decreased to 3.5-pct in August 2014
August 29, 2014 (LBO) – Sri Lanka’s consumer prices dropped 3.5 percent in the 12 months to August 2014, with inflation compared to 3.6 percent in July, official data showed.During the month the Colombo Consumer Price Index dropped 0.05 percent on top a 1.0 percent rise in July, the state statistics office said. Sri Lanka’s […]
Sri Lanka and Seychelles is set to promote investments
August 29, 2014 (LBO) – Sri Lanka signed a Memorandum of Understanding with Seychelles in order to promote investment and business opportunities among the both countries. Through the MOU the two investment promotion agencies will share information to develop investments, Lakshman Yapa Abeywardane, Minister of Investment Promotion said. It will also build relationship between investors […]
Sri Lanka stocks close up 0.1-pct
Aug 28, 2014 (LBO) – Sri Lanka’s stocks close 0.10 percent higher on Thursday with index heavy John Keells Holdings gaining despite low foreign participation, brokers said. John Keells Holdings closed 3.90 rupees higher at 248.90 rupees, contributing most to the index gain. JKH’s W0022 warrants closed 10 cents higher at 69.20 rupees and its […]
Investment agreement
August 28, 2014 (LBO) -The Central Bank of Sri Lanka and the People’s Bank of China entered into a Bilateral Investment Agreement on Bond Investment on the 25th August 2014, which enables the Central Bank of Sri Lanka to further diversify its reserves management activities into Chinese Renminbi denominated assets. As a result, the Central […]
New Appointment
August 28, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said K.M. Mahinda Siriwardana, Director General of Department of Fiscal Policy at the Ministry of Finance and Planning has been appointed non-executive director with immediate effect.Siriwardana is involved in activities related to tax policy, government revenue and overall macro-fiscal management in the Department of […]
Protection urged for Sri Lanka war crimes witnesses
COLOMBO, August 27, 2014 (AFP) – International rights groups have demanded protection for potential Sri Lankan witnesses at a UN-mandated war crimes investigation into the island’s ethnic war which ended five year ago.Six organisations in a joint letter expressed alarm over alleged intimidation, threats and reprisals against those likely to engage investigators probing the bloody […]
Sri Lanka Treasuries yields flat
Aug 27, 2014 (LBO) – Sri Lanka’s Treasuries yields were flat at Wednesday’s auction without accepting any bid for three months for the second straight session, data from the state debt office showed.The 6-month yield was unchanged at 6.28 percent and the 12-month yield unchanged at 6.30 percent. The debt office said 1,335 million in […]
Sri Lanka shares close down 0.4-pct
Aug 27, 2014 (LBO) – Sri Lanka’s shares close 0.41 percent lower Wednesday with oil palm and beverage stocks losing ground amid low foreign participation, brokers said. Lion Brewery Ceylon closed 32.00 rupees lower at 606.00 rupees and Nestle Lanka closed 31.70 rupees lower at 2,118.30 rupees. CT Holdings closed 6.70 rupees lower at 152.30 […]
’s to set up businesses in the island
Aug 27, 2014 (LBO) – Sri Lanka invites japan small and medium entrepreneurs to set up manufacturing facilities in the island to explore Indian and Pakistan markets, an official of Ceylon Chamber of Commerce said. As for imports Japan ranks at sixth supplying four percent of Sri Lanka’s total imports. The top three Lankan exports […]