Category:
Foreigners continue Sri Lanka bond exit, stocks flat for the week
August 12, 2018 (LBO) – As emerging markets around the world remained volatile, foreigners continued to sell out of Sri Lanka government bonds. For the week, foreigners pulled another Rs2.5bn out of the local bond markets. Year to date net foreign selling of Sri Lankan bonds has gone up to Rs39bn (US$244mn). Despite the significant […]
President appoints committee to study Sri Lanka – Singapore FTA
Aug 11, 2018 (LBO) – President Maithripala Sirisena has appointed an independent committee comprising of five experts to study and report on the Free Trade Agreement signed with Singapore. Former Vice Chancellor of the Colombo University, Professor W. D. Lakshman will chair this committee, media reports said, quoting President’s Media Division. Other members include Professor Sirimevan Colombage from […]
Sri Lanka hikes premium fuel prices
Aug 10, 2018 (LBO) – Sri Lanka has increased the prices of petrol (95) by 2.00 rupees to 167 rupees and super diesel by 1.00 rupee to 130 rupees, the Finance Minister announced a short while ago.“Although international fuel prices came down last month, there was uncertainty in the Middle East and last week prices were […]
Sri Lanka is monitoring Singapore FTA to address any issue: Prime Minister
Aug 10, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe yesterday said that they are monitoring and reviewing the Singapore FTA to address issues. Speaking at an award ceremony held yesterday, Wickremesinghe emphasized that if Sri Lanka wants to go global, the country must have access to the global market. “Lots of people are […]
Pakistan maritime security ship “Kashmir” to visit Sri Lanka
Pakistan Maritime Security Ship (PMSS) “Kashmir” is scheduled to arrive at Colombo Port on a four-day goodwill visit from August 13 to 16, 2018. Pakistan Naval ships frequently pay port calls to Sri Lanka, as both countries enjoy warm diplomatic and strong military ties. Such interactions also demonstrate both navies’ resolve to contribute towards achieving […]
Opposition Leader post will not be changed: Speaker informs Parliament
Aug 10, 2018 (LBO) – Delivering the verdict of the Opposition Leadership, Speaker Karu Jayasuriya informed Parliament that there will be no change in the post. The verdict came after Dinesh Gunawardena’s request to appoint him as the Opposition Leader as they represent 70 seats in the parliamentary opposition. “Leader of the Opposition in our […]
Technical Cooperation Project from JICA for development of Kandy
Aug 10, 2018 (LBO) – The Urban Development Authority (UDA) of Sri Lanka and Japan International Cooperation Agency (JICA) have been working together since February 2017 to formulate the urban development vision, plan and design guidelines with the objective of realizing Kandy’s unique socio-economic potential while preserving its ancient heritage. An urban planning expert team from […]
Pan Asia Bank PAT tops Rs.800Mn in 1H 2018
Aug 10, 2018 (LBO) – Pan Asia Banking Corporation PLC reported its best ever profit recorded in a first half in 2018 anchored by solid growth in new loans, prudent margin and asset-liability management.For the six months ended in June 30, 2018 (1H’18), the bank reported a profit after tax of Rs.819.6 million, up by a […]
Oracle Cloud powering Sri Lankan organizations to transform and innovate
Aug 10, 2018 (LBO) – Three of Sri Lanka’s most prominent companies shared how they are transforming their businesses and accelerating the adoption of the latest innovations thanks to the use of Oracle Cloud Applications, during a recent media showcase. The event, which focused on cloud-driven innovation, saw participants hearing directly from key business leaders about […]
Sri Lanka Tourism launches Airbnb Experiences to help boost tourism
Aug, 10, 2018 (LBO) – Airbnb and the Sri Lanka Tourism Development Authority (SLTDA), the national tourism ministry, Thursday announced a strategic partnership to launch Airbnb Experiences in Sri Lanka and drive local, authentic and sustainable tourism across the country. Through this Asia-first partnership, Airbnb and SLTDA will work together to onboard local experience hosts […]
Members of Independent Audit Service Commission took oaths before Speaker
Members of Independent Audit Service Commission took oaths before the Speaker today afternoon. Auditor General Gamini Wijesinghe took oaths as the Chairman of the commission. The commission comprised of: Auditor General Gamini Wijesinghe, Former Appeal Court Judge Sunil Rajapaksa, Former Deputy Auditor-General W.Kandassamy and IG Gamini Abeyratne Former Secretary to the Ministry WAS Wimalasiri Perera
Sunshine Holdings PAT declined by 39-pct in 1Q with subdued Agri results
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported top line growth of 8.0% YoY to stand at Rs.5.6 billion during the first quarter of the current financial year (1QFY19). The top line increase was mainly by strong performances in consumer and healthcare sectors, and despite a slight degrowth within the agribusiness sector. Profit […]