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Pakistan maritime security ships in Sri Lanka on a goodwill visit
In a display of brotherly relationship between Pakistan and Sri Lanka, Pakistan Maritime Security Ships (PMSS) HINGOL & BASOL will be arriving at Colombo Port for a 4-day port call from 05-08 January 2017. As part of goodwill, Pakistan Maritime ships frequently visit Sri Lanka. These calls are aimed at strengthening and augmenting the existing […]
Sri Lankan rupee edges down ahead of cenbank policy statement; stx fall
Jan 03, 2017 (Reuters) – The Sri Lankan rupee edged down in thin trade on Tuesday amid worries over slowing foreign fund inflows, even as market players awaited central bank’s key policy statement later in the day, dealers said. Rupee forwards were active, with one-month forwards quoting at 151.00/15 per dollar at 0558 GMT, compared […]
PTL Watch: Yields mixed, further OMO repo auctions
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‘ custody
Jan 02, 2017 (Reuters) – India and Sri Lanka agreed to release fishermen in each others’ custody, a joint statement said on Monday, a move that is likely to ease tensions between the countries which have held fishermen captive for crossing territorial waters. After ministerial level talks in Colombo, Sri Lanka reiterated its demand to […]
Sri Lanka’s prosperity improved in 2015 from previous year: Central Bank
Jan 03, 2017 (LBO) – Sri Lanka’s prosperity has improved to 0.864 in 2015 from 0.804 in the previous year, the Central Bank statistics showed, as measured by the Sri Lanka Prosperity Index (SLPI). The SLPI is a composite indicator that measures and compares the level of prosperity of the country and across its provinces. […]
Where to invest in real estate 2017
2017 promises to be an exciting year for real estate investment. With more and more developments popping up in the world’s key emerging markets, the eyes are away from Europe and the US, and onto countries such as Mexico, Philippines, Sri Lanka and Pakistan. These countries not only offer a more appealing climate zone but […]
Solar now cheaper than coal in some places: report
Jan 03, 2017 (LBO) – Solar power is now cheaper than coal in some parts of the world, and could become the lowest-cost option in less than a decade. Last year, countries such as Chile and the United Arab Emirates broke records with deals to generate solar electricity for less than 3 cents a kilowatt-hour, […]
People’s Bank unveils 7 self banking centers in Colombo
Accelerating its digitalization drive, People’s Bank proudly launched its Self Banking Center with CDM/ATM/Kiosks in seven locations in Colombo district, to provide the endless comfort of seamless transactions to customers. The attractively-designed facility will empower customers to conduct most banking functions at the Self Banking Centre without having to enter the branch itself. The launch […]
Sri Lankan shares fall as John Keells Holdings draws selling
Jan 02, 2017 (Reuters) – Sri Lankan shares fell on the first trading day of 2017 as investors sold market heavyweight John Keells Holdings Plc and other blue chips amid worries over a weakening rupee and rising interest rates. Conglomerate John Keells Holdings Plc fell 3. 5 percent and accounted for 67. 6 percent of […]
PTL Watch: Bond yields dip slightly, further OMO
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Colombo Port volumes grow, CICT surpasses 2mln TEUs
Jan 02, 2017 (LBO) -Colombo International Container Terminals (CICT) has reported a throughput of two million TEUs for the 12 months ending 31 December 2016, a year-on-year growth of 28 percent in volume, enabling the Port of Colombo to register overall incremental growth during three consecutive years. CICT said ULCCs (Ultra Large Container Carriers) and VLCCs (Very […]