Category:
‘s protectionist address
TOKYO, Jan 23 (Reuters) – The dollar slipped and Asian shares were on the defensive on Monday as worries about President Donald Trump’s protectionist policies outweighed optimism that he will follow through on promises of tax cuts and other stimulus. Japan’s Nikkei dropped 1.3 percent while shares in South Korea and Australia dropped 0.3 percent, […]
IMF commends Sri Lanka on economic progress made so far
Jan 23, 2017 (LBO) – The International Monetary Fund (IMF) has commended the new strategy of Sri Lankan government to create financial discipline and lead the country in a correct path to economic development. Managing Director of the International Monetary Fund Christine Lagarde said she highly values the Sri Lankan Government’s dedication to take the […]
Sri Lanka President to appoint committee to investigate bond scam
Jan 23, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena said he would appoint a commission to investigate and recommend actions for an alleged bond issue scam in early 2015. “I will appoint a Special Presidential Commission of Inquiry this week to investigate the Central Bank bond issue and recommend actions,” President Maithripala Sirisena tweeted. […]
Donald Trump is sworn in as the 45th US president: VIDEO
Jan 20, 2017 (Reuters) – Donald Trump was sworn in as the 45th president of the United States on Friday, succeeding Barack Obama and taking control of a divided country in a transition of power that he has declared will lead to “America First” policies at home and abroad. As scattered protests erupted elsewhere in […]
Wilpattu cleared by State Timber Corp, not Muslims: Environmentalist
A Sri Lankan environmentalist claimed that the Wilpattu forests were cleared by the State Timber Corporation and not by Muslims as alleged. “As environmentalists, we should not talk only about displacement of a certain ethnic group but everyone” said the Sri Lankan environmentalist Thilak Kariyawasam on 19 January. Kariyawasam was addressing a discussion forum on […]
Sri Lankan shares end higher on foreign buying
Jan 20, 2017 (Reuters) – Sri Lankan stocks closed higher on Friday led by financials, after hitting a more than one-week closing low in the previous session, on increased appetite for risky assets by foreign investors. The Colombo stock index ended up 0.08 percent at 6,169.57, edging up from its lowest close since Jan. 10 […]
New 10MW solar power plant construction to kick-off tomorrow
The foundation stone laying ceremony of a new 10MW solar power plant in Raṇamayurapura, Hambantota will be held tomorrow with the participation of Power Minister and offcials. New plant will be built under the Soorya Bala Sangramaya (Battle for Solar Energy) project of Sri Lanka Sustainable Energy Authority with the private sector investment. Power Ministry […]
Walkers CML properties sells out Richmond Hill Residencies
Walkers CML Properties (Private) Limited, a subsidiary of MTD Walkers PLC announced today that their affordable housing project Richmond Hill Residencies is sold out. Richmond Hill Residencies is Walkers CML Properties’ first affordable housing project, in Galle, and is done in partnership with the Ministry of Public Administration & Management and the Board of Investment […]
First Capital Holdings signs MOU with Oxford Business Group
(PRESS RELEASE) – Sri Lanka’s efforts to boost capital inflows through the gradual liberalisation of its trade and investment laws will be explored in a forthcoming report by the global publishing firm Oxford Business Group (OBG). The Report: Sri Lanka 2017 will look in detail at what the country’s capital markets sector is doing to […]
‘s Swarnamahal Financial Services transferred to default board
Jan 19, 2017 (LBO) – Sri Lanka’s Swarnamahal Financial Services (SFS) has been transferred to default board with with immediate effect following the Securities and Exchange Commission directive on prohibiting related party transactions, a statement said. “In view of several significant issues (which are set out in the SEC directive dated 18th January 2017), the SEC has requested the CSE […]
Sri Lanka president advises officials to brace for impending drought
Jan 19, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena has held a discussion to look into the preparations at ministerial level to provide essential relief to the public during the impending drought. A special committee comprising secretaries of the ministries of power and energy, mahaweli and water supply has been appointed to make quick […]