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Logistics Int. expands container terminal operations with new depot facility
Logistics International, the inland container depot of Hayleys Advantis, commissioneda purpose built 3,500TEU inland container depot spread across 5.5 acres in Sedawatte, Colombo, recently. With a 6 acre, 3,000 TEU depot already in operation in Welisara, this move more than doubles the company’s overall container handling capacity. “We are excited to dedicate the Sedawatte Container […]
PTL Watch: Yields edge higher on local selling
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/09/PTL-Daily-Market-Report-13th-September-2016.pdf” title=”ptl-daily-market-report-13th-september-2016″]
Sri Lankan rupee trades weaker on importer dollar demand; stocks rise
Sept 13, 2016 (Reuters) – The Sri Lankan rupee edged down on Tuesday as importer dollar demand surpassed mild selling of the U.S. currency by exporters, dealers said. The spot rupee was trading at 145.40/50 per dollar, down from Friday’s close of 145.25/35 as of 0700 GMT. One-week forwards were at 145.55/65, compared with the […]
Sri Lanka’s cabinet approves VAT increase: State Finance Minister
Sept 13, 2016 (LBO) – Sri Lanka’s Cabinet has approved the VAT increase in principle as required by the Supreme Court judgment, State Finance Minister Lakshman Yapa Abeywardena said. The Supreme Court issued an interim order in July preventing the government from implementing the 4 percent VAT increase until the consent of the cabinet and […]
GAAM: Weekly foreign inflow of Rs186 mln into stocks
The Guardian Acuity Asset Management weekly report can be downloaded here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/09/Weekly-Report-GAAM-10-09-16.pdf” title=”weekly-report-gaam-10-09-16″]
Royal Turf Club to stage Ladies Day at Nuwara Eliya race track this weekend
Once again the Royal Turf Club will score another first when they stage ‘Ladies Day’ up at the Nuwara Eliya Race Track on 17 September , with Minister Navin Dissanayake coming as a special guest. Nuwara Eliya will be all agog when the Royal Turf Club [ RTC ] kicks off or rather gallops off their […]
Lamudi’s second real estate expo in Sri Lanka next week
Leading property portal Lamudi Lanka (Pvt) Ltd is excited to host its Second Real Estate Expo in Sri Lanka, which will take place on the 23rd and 24th of September 2016 at the Taj Samudra North Lawn from 10am-7pm. This extravagant event will consist of the island’s top real estate developers showcasing their finest projects […]
Kotagala Plantations to subdivide shares after Rs800mn rights issue
Sept 13, 2016 (LBO) – Sri Lanka’s Kotagala Plantations is to raise 800 million rupees by way of a rights issue, subjected to exchange approval, the company said in a stock exchange filing. The company is to issue and list 80 million new ordinary shares at 10 rupees each in the ratio of two new […]
‘s unemployment 4.2-pct in first quarter 2016
Sep 13, 2016 (LBO) – Sri Lanka’s unemployed is estimated as 349,686 during the first quarter 2016 and the unemployment rate was 4.2 percent, marginally down from the average 4.6 percent in 2015. According to the latest data the estimated economically active population is about 8.3 million in the first quarter, of which 63.3 percent […]
Sri Lankan exporters showcase at 13th China Asean Expo
Sep 13, 2016 (LBO) – Twenty five Sri Lankan exporters have represented the island at the 13 CAEXPO (China-ASEAN Expo) in Guangxi, China, as a special guest country. “We believe that Sri Lanka can showcase its products to China in a big way at 13th CAEXPO-more importantly it is an opening to ASEAN importers,” Rishad […]
Japan provides school meals in Northern Sri Lanka through WFP
Sept 13, 2016 (LBO) – The Government of Japan will provide 230 million Japanese Yen (330 million rupees) as food grant assistance to Sri Lanka for school meals in the Northern Province through World Food Programm’s Food Assistance Program. From 2012 to 2015, the Government of Japan has provided food grant assistance amounting to 740 […]
‘s dovish comments
TOKYO, Sept 13 (Reuters) – Asian stocks rose early on Tuesday, boosted as Wall Street rallied overnight after Federal Reserve Board Governor Lael Brainard brought relief to risk asset markets by reducing prospects of a near-term interest rate hike. The dollar, on the other hand, nursed losses against its peers after Brainard reiterated her dovish […]