Category:
Platform Sale
July 31, 2013 (LBO) – Sri Lanka-based MillenniumIT, a unit of London Stock Exchange group said it had won deal to sell its securities trading platform to Argentina. MillenniumIT software is running in around 30 locations around the world. Recast The London Stock Exchange group said Wednesday it had been selected as technology partner for […]
”’: report
MUMBAI, July 31, 2013 (AFP) – India’s central bank governor has decided to “move on” and a hunt for his successor is underway, the country’s finance minister was quoted saying Wednesday.The government’s chief economic advisor, Raghuram Rajan, India’s economic affairs secretary Arvind Mayaram and Planning Commission member Saumitra Chaudhary are contenders to succeed Subbarao, the […]
Sri Lanka creates free zones for entrepot trade, off-shore business
July 31, 2013 (LBO) – Sri Lanka has declared two seaports as ‘free ports’ and an airport and two export processing zones as bonded areas, for entrepot trade and off-shore business.Colombo and Hambantota ports have been declared as free ports. Export processing zones in Katunayake by the main international airport and Koggala and the second […]
Gas Plan
July 31, 2013 (LBO) – Sri Lanka’s state-run ports agency is planning a liquid natural gas terminal in its southern port in Hambantota for power generation and LNG bunkeringis also on the cards, in a strategic plan running up to 2020.SLPA chairman Priyath Wickrema said the strategic plan ‘Vision2020’ will enable Sri Lanka to be […]
‘s inflation up 6.1-pct in July 2013
July 31, 2013 (LBO)- Consumer prices in Sri Lanka’s capital Colombo rose 6.1 percent in July 2013 from year earlier easing from 6.8 percent in June, with the index gaining 0.2 percent in the month, the state statistics office said. But this time policy has been loosened aggressively, the exchange rate has been weaker and […]
Sri Lanka raises hard alcohol, beer taxes
July 31, 2013 (LBO) – Sri Lanka has raised taxes on hard alcohol by 75 rupees a litre and beer by 10 rupees per litre along with cigarettes which will help keep revenue targets on track, an official said. The mid-year tax hike will not bring in additional revenue above budget projections but simply keep […]
Sri Lanka 15-year bond yield falls at auction
July 30, 2013 (LBO) – Sri Lanka’s 15-year bond yield fall at auction by 11 basis points to 12.10 percent from the last auction while the a 30-year bond was unchanged at 12.50 percent, data from the state debt office showed. A large volume of 79 billion rupees in bonds matures on August 01. Sri […]
Sri Lanka stocks close flat
July 30, 2013 (LBO) – Sri Lanka’s stocks closed flat Tuesday for a second consecutive day with activity seen in the large cap stocks and some banking stocks, brokers said. Distilleries Company closed flat at 190.50 rupees while Aitken Spence closed at 124.50 up 50 cents. Sri Lanka Telecom closed flat at 39.30 rupees. . […]
Rate Effect
July 30, 2013 (LBO) – Profits at Sri Lanka’s Seylan Bank fell 13 percent to 484 million rupees in the March 2013 quarter amid rising interest costs, interim accounts showed. The gross non-performing loan ratio (net of interest in suspense) fell to 11.15 percent from 12.99 percent at bank level during the period. The interest […]
’s boatpeople face return to island or transfer to PNG: Australia
July 30, 2013 (LBO) – Sri Lanka’s boatpeople face return to island or transfer to Papua New Guinea, an island off the Australian coast as 68 Lankans are shortly to be put through an enhanced screening processes, the country said. Almost 1300 Sri Lankans have been sent home since August 2012, 1100 of them involuntarily. […]
Sri Lanka studying fresh locations for super-critical coal plant
July 30, 2013 (LBO) – Sri Lanka is studying locations to site a high tech coal plant for which funding is expected from Japan, after concerns over the initial location, a top official said. The 500 MegaWatt coal plant was to be built at Athuruwella in the South West coast of the island. Power ministry […]
Cricket: Sri Lanka, South Africa want to light up dead rubber
COLOMBO, July 30, 2013 (AFP) – Sri Lanka and South Africa will not let the intensity slip in Wednesday’s fifth and final one-day international in Colombo even though the hosts have already wrapped up the series.“We might make one or two changes, but we certainly don’t want 11 freshers coming in.In our line-up, we have […]