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GAAM: Foreign inflow of Rs535 Mln for the week
The Guardian Acuity Asset Management weekly can be downloaded here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/Weekly-Report-GAAM-13-08-161.pdf” title=”Weekly Report GAAM 13 08 16(1)”]
Sri Lankan rupee trades steady; state bank buying offsets exporter dollar sales
COLOMBO, Aug 16 (Reuters) – The Sri Lankan rupee was steady on Tuesday as dollar sales by exporters were offset by demand for the U.S. currency by banks, dealers said. The spot rupee was at 145.50/55 per dollar at 0607 GMT, same as Monday’s close. “The exporter (dollar) sales are there. But rupee is steady […]
Education Minister visits S Korea to strengthen cooperation
Minister of Education of Sri Lanka Akila Viraj Kariyawasam met with Korean Deputy Prime Minister and Minister of Education Lee Joon Sik, and the President of the Korea International Cooperation Agency (KOICA) In Shik Kim, on 21 and 22 July 2016 in Seoul. Discussions focused on Korea’s continuing cooperation in the fields of ICT development […]
Sri Lanka’s LOLC June net up 26-pct amid growing incomes
Aug 16, 2016 (LBO) – Sri Lanka’s LOLC group, which has interests in financial services, insurance, plantations, trading and leisure, said net profit for the June quarter rose 26 percent to 2.3 billion rupees. The group reported basic earnings of 4.92 rupees per share for the quarter up from 3.89 from a year earlier, on […]
‘s official tour of China (VIDEO)
Prime Minister Ranil Wickremesinghe commenced his 05 day official visit to China on 13th and will tour the South West of China until the 17th August 2016. The Prime Miniser visited a number institutions that cater to development such as Industrial Zones, Cargo Terminal, Technical Areas, Financial Centres as well creative design agencies.
Sri Lanka vehicle registrations fall further in July: JB Securities
Aug 16, 2016 (LBO) – Sri Lanka vehicle registrations in July fell in almost every category compared with June, JB Securities said in a research note. Buses and heavy truck registrations however showed an increase over the previous month. Motor car registrations in the July were 2,489 units, down from 3,026 units the previous month, […]
China to set up canned fish, gem and jewelry firms in Hambantota
Aug 16, 2016 (LBO) – Chinese firms have shown keen interest in setting up tinned fish, and gem and jewellery enterprises in a proposed special industrial zone close to Sri Lanka’s Hambantota port. “A Sri Lankan delegation led by Prime Minister Ranil Wickremesinghe has held talks with China’s Chongqing Foreign Trade and Economic Cooperation Company […]
Sri Lanka Telecom profit down 38-pct in June quarter
Aug 16, 2016 (LBO) – Sri Lanka Telecom, the island’s largest telcos profits fell 38 percent to 1.09 billion rupees in the June 2016 quarter from an year earlier. The company’s interim accounts showed that the group reported earnings of 0.61 rupees per share for the quarter while in the six months to June earnings […]
Asian shares hits 1-year high, oil supported
TOKYO, Aug 16 (Reuters) – Asian shares rose to one-year highs, extending their gains so far this year to almost 10 percent, helped by a jump in oil prices and investor expectations of continued easy monetary policy around the globe. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, bringing its gains […]
Gemfields UK calls EOIs for Sri Lankan gem supply chain
Aug 15, 2016 (LBO) – Gemfields, a United Kingdom based supplier of coloured gemstones, through its subsidiary Ratnapura Lanka Gemstones is inviting expressions of interest with a view to setting up a supply chain in the Sri Lankan gemstone industry. “We will call for expressions of interest from local mining companies with a view to […]
Poll at Economic Summit: strong support for PPPs; freeing up trade
Aug 15, 2016 (LBO) – Participants at the recently concluded Sri Lanka Economic Summit are optimistic about the government’s ability to deliver economic results in the next four years, but are critical of the progress made so far and have mixed views about Budget 2017, according to a survey conducted at the event. The Ceylon […]
Sri Lankan rupee steady in dull trade
COLOMBO, Aug 15 (Reuters) – The Sri Lankan rupee was steady on Monday as dollar sales by exporters were offset by importer demand for the greenback in dull trade, dealers said. The spot rupee traded steady at 145.50/55 per dollar, little changed from Friday’s close of 145.50/52. “There is nothing much happening. There have been […]