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PTL Watch: Yields tick higher on foreign selling
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Sri Lankan rupee steady in dull trade; stocks rise
Jan 26, 2017 (Reuters) – The Sri Lankan rupee was steady in thin trade on Thursday as dollar demand from importers was offset by selling of the U. S. currency by exporters, dealers said, a day after the central bank revised the spot reference rate by 10 cents to a record low. Rupee forwards were […]
Opinion: Should Sri Lanka Adopt Payment Card Industry Data Security Standard?
By Sujit Christy, Director, Information Security Professional Associates (iSPA) During the past few years several data breaches have made global headlines. You may remember the Target Stores data breach in 2013 that put the credit-card numbers and personal information of millions of people into the hands of cyber criminals.According to the court documents about 42 […]
Asia rises after Dow tops 20,000 for first time, dollar on defensive
TOKYO, Jan 26 (Reuters) – Asian stocks gained early on Thursday, cheered by the Dow Jones Industrial Average breaching past the 20,000-level threshold for the first time though concerns about U.S. President Donald Trump’s protectionist stance kept the dollar on the defensive. MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.3 percent. […]
‘s 2016 tea production, exports down, revenue up
Jan 26, 2017 (LBO) – Sri Lanka’s tea exports for 2016 totaled 288.7M/kgs compared with 306.9M/kgs during 2015 showing, a decrease of 18.2M/kgs, a tea market report said. “This records the lowest export volume since 2002 where total exports declined to 287.2M/kgs,” Forbes & Walker Tea Brokers said in their latest report. When analyzing the categories of exports, […]
Govt gives nod for construction of luxury tourist camps in Yala
Jan 26, 2017 (LBO) – The cabinet has approved additional land of 155 perches on 50 year lease basis to construct luxury tourist camps adjacent to Yala National park, a statement said. The price of the land adjacent to Yala Block C will be determined by the Chief Valuer with approvals needed from the Department […]
Experts from Facebook, Google coming to Sri Lanka for summit
Jan 25, 2017 (LBO) – Sri Lanka is planning to hold a digital summit in March this year to boost the country’s global digital presence. It is expected that experts and executive officers of prominent companies such as Facebook, Google, Social Capital, Infosys and other internationally reputed corporate CEOs will participate in this event. One […]
PTL Watch: Yields tick higher, more foreign selling
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‘s Auditor General acted unprofessionally: Finance Minister
Jan 25, 2017 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake today accused the Auditor General of releasing a confidential report to COPE without his knowledge. On the 19th August 2016, the Finance Minister had requested a special report from the Auditor General under section 43 (2) of the Monetary Law Act, within a period […]
Sri Lanka to expedite grid connections for roof top solar: PUCSL
Jan 25, 2017 (LBO) – Sri Lanka’s power regulator has directed the Ceylon Electricity Board (CEB) and Lanka Electricity Company Private Limited (LECO) to connect domestic rooftop solar plants to the national grid within two weeks from the date of application. “The direction to provide the connection for rooftop solar plants to the national grid […]
Sri Lanka down 12 notches on corruption index
Jan 25, 2017 (LBO) – Sri Lanka has fallen 12 places to 95th in the Corruption Perception Index (CPI) 2016, when compared with 2015, a report released by Transparency International said. The global movement against corruption ranks countries according to the perceived level of public sector corruption. The ranking is based on a scoring system that […]