Category:
‘s industrial output up 4.5-pct in November
Jan 18, 2017 (LBO) – Sri Lanka’s Index for Industrial Production (IIP) shows volume of industrial production rose 4.5 percent in November 2016 when compared with the same period last year, a statement said. According to the island’s Census and Statistics Department, manufacturing of food products is the major contributor at a total industrial value […]
Power Minister dissolves board of Lanka Coal Company
Jan 18, 2017 (LBO) – Sri Lanka’s Power Minister Ranjith Siyambalapitiya has dissolved the director board of Lanka Coal Company with immediate effect, the ministry said. The removal has been carried out following a recommendation made by the Power Ministry to appoint a new board after considering necessary changes to the composition, powers, responsibilities and […]
‘s Brexit speech; stocks slip
HONG KONG, Jan 18 (Reuters) – The British pound consolidated gains on Wednesday after posting its biggest rise in nearly two decades in the previous session, while Asian stocks are set to drift lower following a weak Wall Street. Sterling saw its biggest daily rise since at least 1998 on Tuesday as Prime Minister Theresa […]
Prime Minister meets Chinese President at World Economic Summit
Jan 18, 2017 (LBO) – Prime Minister Ranil Wickremesinghe today met Chinese President Xi Jinping on the sidelines of the World Economic Summit to be held in Davos City from 17th to 21st January. The Prime Minister attended the World Economic Summit on invitation last year too. Leaders of nearly 40 countries are scheduled to attend the 2017 […]
Sri Lankan shares end lower; heavyweights down
Jan 17, 2017 (Reuters) – Sri Lankan stocks closed lower on Tuesday for a second straight session as investor sentiment took a hit on political uncertainty and as yields on short-term bonds rose. The Colombo stock index ended 0.24 percent weaker at 6,186.52, stepping away from its highest close since Dec. 30 hit on Friday, […]
PTL Watch: Bond yields flat, further repo auctions
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/01/PTL-Daily-Market-Report-17th-January-2017.pdf” title=”PTL Daily Market Report 17th January 2017″]
Opinion: Peopleizing governance – Acute need of the hour
Return to the roots of Democracy – Athens & Sparta … By Chrishmal Warnasuriya Proposed Constitutional Reforms – “Grama Raajya”: So, almost 70 years on since our independence we are now discussing the need to return sovereign power back to the grassroots, thus it has taken us all this time to realize that bit-by-bit, the […]
APTA countries agree to widening tariff concessions by mid 2017
Jan 17, 2017 (LBO) – Sri Lanka along with other members of Asia Pacific Trade Agreement (APTA) last week agreed to sign the protocol to conclude the 4th round of concessions which are to be implemented by 1st July 2017. The 4th round of tariff concessions has widened the coverage of preferences of total tariff […]
Ceylon Chamber seminar to analyze economic outlook for 2017
The Ceylon Chamber of Commerce will line up four well-known economists along with an international relations specialist to discuss the economic outlook and its implication for business during the year 2017, with a special session on the implications of new US President Trump on the global economy and Sri Lanka. Dr. Dushni Weerakoon, Deputy Director […]
Budget 2017 – The Good, the Bad, &| DB2016 S2K1
Budget 2017 – The Good, the Bad, & the Ugly Deshal de Mel | Senior Economist | Hayleys Group
‘ dollar sales
Jan 17, 2017 (Reuters) – The Sri Lankan rupee traded marginally higher on Tuesday in light volume as foreign banks sold dollars, but the market expects the currency to weaken after the central bank allowed flexibility in the exchange rate, dealers said. The rupee has been under pressure due to rising imports and net selling […]
Sri Lanka’s first 7-star apartment complex to start construction
Jan 17, 2017 (LBO) – Sri Lanka’s first seven-star luxury apartment complex, Achilleion, is set to commence construction work this week, its developers said. Achilleion is undertaken by Blue Mountain Apartments which is part of the Blue Mountain Group. Located on Station Road, Colombo 04, this apartment complex comprises of two 50-storied skyscrapers, connected by […]