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Asia stocks find relief as China set to return seized US drone
TOKYO, Dec 19 (Reuters) – Asian shares steadied in early trade on Monday after China agreed to return a U.S. drone it had seized, easing worries about rising diplomatic tensions between the world’s two biggest economic powers. MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.1 percent after falling to its lowest […]
‘s agriculture exports
Dec 19, 2016 (LBO) – Reducing non-tariff barriers (NTBs) in Sri Lanka is a significant step towards realizing untapped export potential within agricultural sectors such as fruit, vegetables, seafood and floriculture, trade experts say. Reducing domestic NTBs is a relatively easy but significant step towards encouraging diversification, where high transaction costs have acute implications on […]
IMF Video: Addressing Sri Lanka’s Economic Challenges
The government of Sri Lanka has decided to take on economic reforms, with the help of the IMF. The aim is to return the country to strong growth that will help improve lives for everyone. https://x.com/IMFNews/status/807244995770150912?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E807244995770150912%7Ctwgr%5E1d6e1432a39cde0c36b6c1922b81a67b69d1f2b5%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.lankabusinessonline.com%2Fimf-video-addressing-sri-lankas-economic-challenges%2F
Sri Lankan shares hit more than 2-wk closing low led by banks
Dec 16, 2016 (Reuters) – Sri Lankan shares fell for a third straight session on Friday to close at their lowest in more than two weeks, as a dollar rally to a 14-year peak after an interest rate increase by the U.S. Federal Reserve earlier this week kept investors subdued. The 25-basis-point rate increase could […]
‘s People’s Bank unveils new corporate logo
People’s Bank proudly launched its new logo recently to reflect the Bank’s evolution to keep pace with new global banking trends and to cater to fast-changing aspirations of customers. Reflecting trust, sophistication and efficiency, the symbolic hands in the new logo represent good governance and the peoples’ co-operation and unity. This initiative reflects People’s Bank’s […]
Sri Lankan rupee closes steady; state-controlled bank sells dollars
Dec 16, 2016 (Reuters) – The Sri Lankan rupee came off early falls to close almost steady on Friday as a state-controlled bank sold dollars, dealers said. The rupee is still under pressure as banks bought the greenback after the central bank raised the spot reference rate on Thursday and the U.S. Federal Reserve on […]
US Millennium Challenge selects Sri Lanka for 5-Year grant
Dec 16, 2016 (LBO) – Sri Lanka has been selected for the US Millennium Challenge Corporation’s (MCC) new five-year grant compact which aims at encouraging economic growth and reduce poverty. At its quarterly meeting on December 13, 2016, the MCC’s Board of Directors selected Sri Lanka, Burkina Faso and Tunisia for these new MCC compacts, […]
Sri Lanka and Tajikistan strengthen trade and investment ties
“Sri Lanka is keen to strengthen economic relations and explore new vistas for bilateral trade engagements with Tajikistan”, stated Hon. Dr. Harsha de Silva, Acting Minister of Foreign Affairs, when he made the welcome remarks at the Sri Lanka- Tajikistan Business Meeting held on 14th December 2016 in Colombo. The Business Meeting was held to […]
Prime Minister thanks Navy Commander for rescuing ships
Dec 15, 2016 (LBO) – Sri Lanka’s Prime Minister today expressed his gratitude to the Navy Commander and the entire staff for rescuing the two ships that were forcibly detained at the Hambantota Port. Prime Minister Ranil Wickremasinghe revealed that a Bill has been sent by K-Line shipping company mentioning that a loss of 400,000 […]
‘s economy grew 4.1-pct in third quarter
Dec 15, 2016 (LBO) – Sri Lanka’s economy grew 4.1 percent in the third quarter of 2016 with strong growth construction, a statement said. “During the third quarter of 2016, industrial activities recorded a significant increase in overall growth rate, at 6.8 percent, while the services activities have grown by 4.7 percent, compared to the […]