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PTL Watch: Sri Lanka bond yields mixed, some foreign selling
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/02/PTL-Daily-Market-Report-02nd-February-2017.pdf” title=”PTL Daily Market Report 02nd February 2017″]
RDA to obtain Rs23bn for Central Expressway phase II
Feb 01, 2017 (LBO) – Sri Lanka’s Cabinet has decided to obtain part of the funds for the construction of phase II of Central Expressway Project from two state banks. The government has identified it as one of its priority projects for promoting economic development in the country by improving connectivity among various regions, a […]
Free day passes to exciting theme parks with Emirates tickets to Dubai
(PRESS RELEASE) – Flying with Emirates to Dubai has just become even more exciting, with the award-winning airline offering Economy Class passengers in Sri Lanka a chance to spend a day at some of the most popular theme parks in the emirate. Every Economy Class ticket purchased online at www.emirates.com/lk between 1st and 9th February […]
Central Bank releases new publication “A Survey of Financial System”
(PRESS RELEASE) – The Central Bank today launched a new book titled “A Survey of Financial System” authored by Mr. P Samarasiri, Deputy Governor. This is the fourth book authored by Mr. Samarasiri and published by the Central Bank. The book’s presentation is targeted for students, teachers and policymakers who look for basics on financial […]
Dollar caught in crossfire as Trump talks currency wars
SYDNEY, Feb 1 (Reuters) – The dollar was put on the defensive in Asia on Wednesday after the Trump administration accused Germany and Japan of devaluing their currencies to gain a trade advantage, fuelling a risk-off mood that also kept stocks subdued. The U.S. currency suffered its worst January in three decades after President Donald […]
Pan Asia Bank gets 3 months to comply with interim capital requirements
Feb 01, 2017 (LBO) – Sri Lanka’s Central Bank has extended the time period allocated to raise the interim capital requirement of Pan Asia Bank by three months. The bank said in a stock exchange filing that the Monetary Board of the Central Bank has extended the period to comply with the interim requirement from […]
Sri Lanka’s CCPI inflation up in January amid base year revision
Jan 31, 2017 (LBO) – Consumer prices in Sri Lanka’s capital Colombo accelerated to a six-month high of 5.5 percent in January 2017 from a year earlier, up from 4.5 percent in December, the state statistics office data showed. The moving average inflation rate for the month of January was a high of 4.3 percent […]
‘s Rs.10.4Bn electricity connection deposits
Feb 02, 2017 (LBO) – Sri Lanka’s power regulator has issued guidelines to the Ceylon Electricity Board (CEB) and the Lanka Electricity Company (LECO) to pay interest on security deposits amounting to 10.4 billion rupees as of end 2014 of electricity consumers when providing a connection. “CEB has about 10.4 billion rupees deposit (end 2014) […]
Several Sri Lankan sectors can attract smart capital: Stax
Jan 31, 2017 (LBO) – The next three to five years will be a window of opportunity in which Sri Lankan companies in healthcare, hospitality, education, and export industries can attract smart capital, a consulting firm that advises leading private equity (PE) funds worldwide said. “With the right positioning and evidence of high growth, such […]
Obama’s new house vs. Trump’s former home
Obama’s new home is valued at between $ 5. 4 million and $ 6 million. Trump’s Penthouse is valued at 0 million. The inaugural ceremony of the 45th US President took place on January 20, and one of the things people have wondered about, seeing Barack Obama leave the White House, is where he will […]