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‘s progress, wants to increase aid: Ravi K
Aug 31, 2016 (LBO) – Sri Lanka’s Finance Minister says multilateral donor World Bank is keen to increase its aid following Sri Lanka rapidly achieving its development goals which were set at the time loans were granted to it. “The World Bank is very happy with the progress made so far in the projects that […]
Asian shares ease, taking cue from Wall Street, oil slips
TOKYO, Aug 31 (Reuters) – Asian shares eased on Wednesday following modest losses on Wall Street, but were still on track for a monthly rise as investors waited to see if upcoming job data could prod the Federal Reserve into raising interest rates as soon as September. MSCI’s broadest index of Asia-Pacific shares outside Japan […]
Asia Pacific shows progress in water security, challenges remain – ADB
STOCKHOLM, SWEDEN (30 August 2016) – Water security in Asia and Pacific has progressed overall in the past 5 years, but major challenges remain, including overexploited groundwater, demand from rising populations, and climate variability, according to a new report from the Asian Development Bank (ADB). The new edition of the Asian Water Development Outlook (AWDO […]
Sri Lanka’s Central Bank keeps policy rates steady
Aug 30, 2016 (LBO) – Sri Lanka’s Central Bank has decided to keep its key interest rates steady despite rising inflation and high private sector credit growth. The full text of the statement is reproduced below. Monetary Policy Review – August 2016 Both headline and core inflation, measured on a year-on-year basis, edged down in […]
MR, Dinesh, Jonston & Lohan to visit Malaysia this week
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/Former-president-Mahinda-Rajapaksa’s-visit-to-Malaysia-English.pdf” title=”Former president Mahinda Rajapaksa’s visit to Malaysia English”]
”; Outlook Stable
(PRESS RELEASE) – Colombo30 August 2016: Fitch Ratings has affirmed Sri Lankabased Lion Brewery (Ceylon) PLC’s (Lion) National LongTerm Rating of ‘AA(lka)’ with a Stable Outlook. Fitch has also affirmed the National LongTerm Rating of ‘AA(lka)’ on Lion’s outstanding senior unsecured debentures. Fitch has maintained a Stable Outlook despite Lion’s weakening credit metrics due to […]
PTL Watch: Longer tenure bond yields slightly higher
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/PTL-Daily-Market-Report-30th-August-2016.pdf” title=”PTL Daily Market Report 30th August 2016″]
Sri Lankan rupee steady ahead of cenbank policy rate meeting
Aug 30, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday ahead of a central bank policy meeting later in the day, as exporter dollar sales offset mild importer demand for the greenback, dealers said. The central bank is expected to keep its key interest rates steady at the monetary policy rate meeting, […]
Opinion: Viharamahadevi Park – Time To Finish What Gotabaya Started
By Lancelot Viharamahadevi Park, once called Victoria park, is the showcase public park for the city of Colombo. It rests in a place of prominence in our city and has a vital role to play in the development and beautification of the proposed Megapolis. I have visited the park well over one hundred times in […]
GAAM: Net foreign outflow of Rs656 mln last week
Download the Guardian Acuity Asset Management weekly report here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/Weekly-Report-GAAM-27-08-16.pdf” title=”Weekly Report GAAM 27 08 16″]
Sri Lankan firms asked to implement ‘sourcing strategies’ during a Ceylon Chamber seminar
An expert asks Sri Lankan firms to have a sound ‘sourcing strategy’ in order to help improve the overall business performance by sourcing the rights products at the right price and at the right time. Tom Albrigston, a director at the Norway based Fair Deal AS, said it is important for firms to have an […]
UK, Australia and Taiwan issue travel advisories for Singapore on Zika cases
Aug 30, 2016 (LBO) – Countries including the U.K., Australia and Taiwan have issued travel advisories for tourists to Singapore after the nation announced a further increase in Zika cases. Singapore’s Ministry of Health confirmed 15 more cases of locally-transmitted Zika virus on Monday, bringing the total number of affected to 56, CNBC reported. The […]