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Technology and know-how essential for development: Hausmann
Jan 24, 2016 (LBO) – The guest lecture in Colombo recently by Prof. Ricardo Hausmann highlighted the importance of technology and know-how in fostering economic development, Sri Lanka’s Board of Investment said releasing a statement. Hausmann of Harvard University’s Kennedy School of Government visited Sri Lanka to follow-up on a programme to build capacity among […]
Dollar falls further in Asia amid trade jitters
SYDNEY, Jan 24 (Reuters) – The dollar hit the skids in Asia on Tuesday as U.S. President Donald Trump’s focus on trade protectionism fuelled suspicions his administration might seek a competitive advantage through a weaker currency. The talk of trade wars favoured safe-haven Treasuries and the Japanese yen while subduing stocks, particularly as Asian […]
European Investment Bank in EUR50mn Colombo water network expansion
Jan 24, 2016 (LBO) – The European Investment Bank will provide EUR 50 million to support improvement and expansion of sewage networks across the Sri Lankan capital Colombo. “The new loan will help Colombo Municipal Council to achieve its goal of providing full sanitation coverage to benefit people living and working in the greater Colombo […]
Sri Lanka nation-wide inflation steady at 4.2 pct in December
Jan 23, 2017 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose at a steady pace of 4. 2 percent in December from the 4.1 percent reported a month ago, data from the state statistics office showed. The Department of Census and Statistics said the NCPI has been calculated as […]
Sri Lanka adds more investigation officers for price controls
Jan 23, 2017 (LBO) – Sri Lanka is enforcing new protection measures from 21st January to safeguard consumers from errant traders who violate price controls in the domestic market. Industry and Commerce Ministry said 62 new investigation officers were appointed bringing the total force to 250, island-wide, to safeguard 21 million consumers. Speaking at an […]
Bank of Ceylon becomes first bank in Sri Lanka to surpass Rs1 trillion advances
The Bank of Ceylon scored its third “Trillion” at the end of the year 2016. That is surpassing the Rs. One trillion mark in advances- another unique milestone in its 77-yearjourney as “the Bankers to the Nation” and becoming the first ,and up to now the only bank to pass this milestone in Sri Lanka. […]
Over one million Sri Lankans affected by drought
Jan 23, 2017 (LBO) – Sri Lankans have been warned to conserve water and electricity with over a million persons affected so far by drought as crop output decreases and shortages of drinking water are being reported, officials said. Officials at the disaster information center say over a million person have so far been affected […]
Central Bank says internal & external probe on 2015/16 EPF operations
Jan 23, 2017 (LBO) – Sri Lanka’s Central Bank said an internal examination is currently underway under the direction of the Monetary Board on transactions of EPF in government securities during 2015 and 2016. Releasing a statement, Secretary to the Monetary Board of Central Bank said the law enforcement authorities have also been requested to […]
University teachers calls authorities to fill vacancies in student admissions
Jan 23, 2017 (LBO) – Sri Lanka’s university teachers say there is a large number of unfilled vacancies in certain faculties of state universities and called relevant authorities to address the issue. University Teachers for Social Equity (UTSE), releasing a statement, emphasized there had been a large number of vacancies in the science and agriculture […]
PTL Watch: Yields tick higher, foreigners on sell side
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/01/PTL-Daily-Market-Report-23rd-January-2017.pdf” title=”PTL Daily Market Report 23rd January 2017″]
Sri Lankan rupee down on importer dollar demand
Jan 23, 2017 (Reuters) – The Sri Lankan rupee fell on Monday as the importer dollar demand surpassed modest greenback sales by exporters, dealers said. Rupee forwards were active, with two-week forwards trading at 150.90/151.10 per dollar at 0522 GMT, compared with Friday’s close of 150.85/00. The dollar, however, traded weaker against major currencies on […]
