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Sri Lanka approves building expressway from Kurunegala to Dambulla
Sept 08, 2016 (LBO) – Sri Lanka’s cabinet has approved the construction of the central expressway from Kurunegala to Dambulla with funds from Exim Bank of China. This 60 kilometer long section of the central expressway has been identified as a project to be carried out under the ‘Awakening Rajarata’ Development Programme. A cabinet decision […]
SLABA & Royal Turf Club to promote Sri Lanka’s apparel brands
The Sri Lanka Apparel Brands Association [ SLABA ] together with The Royal Turf Club will stage the Royal Turf Club SLABA Runway 2016, featuring the cream of Sri Lanka’s apparel brands who will showcase their products at what will be the first of an Annual Ramp Extravaganza! Royal Turf Club SLABA Runway 2016’ will […]
”s senior debt AA (lka)(EXP)
Fitch Ratings has assigned People’s Leasing & Finance PLC’s (PLC, AA(lka)/Stable) proposed senior debenture issue of up to LKR8bn an expected National LongTerm Rating of ‘AA(lka)(EXP)’. The debentures, which will have tenors of three, four and five years and carry fixed coupons, will be listed on the Colombo Stock Exchange. PLC expects to use the proceeds for working capital […]
‘s CCC and Police to discuss law enforcement matters
Sept 08, 2016 (LBO) – The Ceylon Chamber of Commerce, the National Police Commission and the Sri Lanka Police says they will will hold a seminar with the participation of the corporate sector representatives to discuss ‘law enforcement matters’ in the country. The seminar will focus on how to collaborate between the police and the […]
LBR LBO Infrastructure Summit 2016 to focus on transformative power of “Western Region Megapolis Project”
Sep 08, 2016 (LBO) – Leading local and foreign urban planners, legal experts, technology professionals, policy makers, academics, researchers and senior corporate thought leaders will take the stage at the 2016 edition of “LBR LBO Infrastructure Summit. With an objective of creating a multi-stakeholder conversation on the transformative opportunities of the Western Region Megapolis Project, […]
Asia shares near 1-year top, await China trade data, ECB
SYDNEY, Sept 8 (Reuters) – Asian shares hovered near one-year peaks on Thursday as investors awaited Chinese trade data and a policy meeting by the European Central Bank, where it may announce an extension of its asset buying campaign. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent, but that followed four days […]
Govt approves controlling use and import of asbestos from 2018
Sep 08, 2016 (LBO) – Sri Lanka’s cabinet has approved controlling the use and import of asbestos from January 2018 by adopting more beneficial substitutes and to prepare a operational programme to prohibit asbestos related production by 2024. “Since 1987 importation of blue asbestos (Crocidolite) has been prohibited as it was identified as a carcinogen […]
Opinion: Big banks exploit countries like Sri Lanka, probe finds
Sept 07, 2016 (LBO) – Big banks have turned to the powerful worldwide legal system and commandeered it for profit, exploiting countries like Sri Lanka in the process, according to a Buzzfeed probe. In 2006, big international banks presented officials who ran Sri Lanka’s state oil venture with a way to hedge against further price […]
Sri Lanka seeks USD250mn ADB assistance to develop capital markets
Sept 07, 2016 (LBO) – Sri Lanka’s Finance Ministry has sought the assistance of Asian Development Bank to develop the capital market in the island. Under this program 250 million US dollars will be borrowed at an annual interest rate of LIBOR plus 0.6 percent less a credit of 0.1 percent, a cabinet decision showed. […]
PTL Watch: Yields slip further, 10-yr at 11.58
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/09/PTL-Daily-Market-Report-07th-September-2016.pdf” title=”PTL Daily Market Report 07th September 2016″]
Sri Lankan rupee steady as dollar sales offset importer demand
COLOMBO, Sept 7 (Reuters) – The Sri Lankan rupee traded steady on Wednesday as dollar sales by exporters and banks to convert inward remittances offset the demand from importers for the greenback, dealers said. The spot rupee was flat at 145.43/45 per dollar at 0535 GMT, compared with Tuesday’s close of 145.43/48. One-week rupee forwards […]