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Sri Lanka vehicle registrations rebound from July lows: JB
Sept 19, 2016 (LBO) – Sri Lanka vehicle registrations saw a rebound in August from the July lows in the categories of small cars, three-wheelers, two-wheelers and mini trucks, JB Securities said. Motor car registrations in August were 3,011 units, up from 2,596 units the previous month, although significantly down from a high of 14,544 […]
Asia stocks hold central bank vigil, oil bounces
SYDNEY, Sept 19 (Reuters) – Caution gripped Asian shares on Monday ahead of central bank meetings in the United States and Japan this week, while oil prices bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports. Bombings in New York City and New Jersey and a stabbing […]
Sri Lanka GDP expands 2.6-pct in second quarter 2016
Sept 15, 2016 (LBO) – Sri Lanka’s economy expanded 2.6 percent in the second quarter of 2016 from a year earlier, led by services activities, the state statistics office said. The Gross Domestic Product of Sri Lanka for the second quarter of 2016 at constant price reportedly reached up to 2,130,240 million rupees against 2,075,805 […]
SriLankan Air bans use and charging of Samsung Galaxy Note7
Sept 15, 2016 (LBO) – SriLankan Airlines says it has completely banned the use or charging of Samsung’s latest Galaxy Note7 smartphone on board all its flights with immediate effect until further notice, following Samsung suspending its sales in the wake of several incidents of phone batteries catching fire. The ban applies to turning on […]
Hillary Clinton fit to serve, after pneumonia diagnosis
Sept 15, 2016 (LBO) – Hillary Clinton is healthy and “fit to serve” as US president, according to her doctor, after the Democratic presidential nominee was diagnosed with pneumonia. Clinton’s longtime physician, Lisa Bardack, said Clinton’s pneumonia diagnosis on Sept. 9 started as a “low grade fever, congestion and fatigue,” BBC reported. Both presidential candidates, […]
Australian women’s team in Sri Lanka for first cricket series
The Australian women’s cricket team the Southern Stars have arrived in Colombo for the first ever women’s cricket series between Australia and Sri Lanka. The world’s number one team in all formats of cricket, the Stars are in Sri Lanka for a four-match one-day series and a T20 match in September. Welcoming the Southern Stars […]
Sri Lanka’s Ambassador to North Korea presents credentials
Dr. Karunasena Kodituwakku, Ambassador for Sri Lanka to the Democratic Republic of Sri Lanka, with residence in Beijing presented his Credentials to the President of Presidium Kin Young Nam on 24th August at Mansadae Assembly Hall, in Pyongyang in North Korea. President of Presidium and Sri Lankan Ambassador discussed matters regarding friendly relations between Sri […]
Sri Lankan rupee edges down on importer dollar demand
COLOMBO, Sept 15 (Reuters) – The Sri Lankan rupee traded slightly lower on Thursday as importer dollar demand surpassed exporter sales of the U.S. currency, dealers said. The spot rupee was at 145.82/92 per dollar, compared with Wednesday’s close of 145.70/85. One-week forwards were at 145.98/146.10, compared with the previous close of 145.90/146.05. The spot […]
‘s subordinated debt A(lka)(EXP)
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel II compliant subordinated debentures of up to LKR5bn an expected National Long Term Rating of ‘A(lka)(EXP)’. The proposed debentures will mature in five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange. NTB plans to use the proceeds to […]
Sri Lanka medicine regulator says Russian cancer drug safe
Sept 15, 2016 (LBO) – Sri Lanka’s National Medicines Regulatory Authority says the Russian breast cancer drug registered under their authority is in line with guidelines. The authority said they always follow the due process for registration of pharmaceutical products and “biosimilars.” Biosimilar is a biopharmaceutical drug designed to have active properties similar to one […]
Sri Lanka tea sees fair demand at auction
Sep 15, 2016 (LBO) – Sri Lankan tea overall saw fair demand at this week’s Colombo auctions with demand improving towards end of day, brokers said. “Low Growns totalling 2.7M/Kgs in Leafy/Tippy catalogues met with good demand,” Forbes and Walker Tea Brokers said in a report. “In the Leafy catalogue OP/OPA’ s gained Rs.10-15/- per […]
Sri Lanka introduces contributory pension scheme for artists
Sept 15, 2016 (LBO) – Sri Lanka’s government has allocated 15 million rupees to form a contributory pension scheme for 327 artists, as an initial phase of the programme. Citizens between the age of 23 and 55 who satisfy the eligibility criteria as artists will be given priority, a cabinet decision said. The cabinet has […]