Category:
South Korea, Canada holds rates; Malaysia cuts rates 25bps
July 14, 2016 (LBO) – South Korea and Canada have left base rates steady while Malaysia cut its benchmark overnight policy rate by 25 basis points to 3 percent to support steady growth amid stable inflation. It is the first change in rates by Malaysia’s Central Bank since it raised its rate in July 2014 […]
”’
July 14, 2016 (LBO) – Fitch Ratings has assigned Sri Lanka’s upcoming US dollar-denominated bonds an expected rating of ‘B+(EXP)’. The ratings agency said the expected rating is in line with Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B+’ with a Negative Outlook. “The rating would be sensitive to any changes in Sri Lanka’s […]
‘s BOI and Surbana Jurong in consultancy MOU
Jul14, 2016 (LBO) – Sri Lanka’s Board Of Investment (BOI) is to enter into a MoU with Singapore’s Surbana Jurong with the aim of eventually establishing a joint venture company. “It has been identified that establishment of a government owned consultancy company is suitable to gain its entire benefits,” said the cabinet paper submitted by […]
LBR LBO Brand Summit 2016 inspires marketers with brand innovation
July 14, 2016 (LBO) – Leading digital strategists and value creators tackled the opportunities in digital media in front of a packed audience at the LBR LBO Brand Summit on Tuesday. Themed, “Building Winning Brands in the Digital Age and Strategy Innovation,” the 2016 edition of the summit was held at Cinnamon Grand with over […]
Walkers CML Properties launches Heritage Valley in Kandy
Walkers CML Properties (Private) Limited, a subsidiary of MTD Walkers PLC, together with the Ministry of Public Administration and Management and The Board of Investment of Sri Lanka launched its newest affordable housing project, “Heritage Valley” in Kandy recently. Minister of Public Administration and Management Honourable Ranjith Madduma Bandara laid the foundation stone last week […]
Korea pledges USD300mn development loans to Sri Lanka till 2018
July 14, 2016 (LBO) – A framework arrangement enabling Sri Lanka to obtain soft loans from the government of Korea up to 300 million dollars till 2018 was signed on July 13, 2016, a statement said. “This Framework Arrangement is based on the agreement between the two governments signed in December 1995 concerning Loans from […]
Power Minister appoints committee to probe coal purchases
July 13, 2016 (LBO) – Sri Lanka’s Power Minister on Wednesday appointed a three-member committee comprised of industry experts to look into the alleged losses incurred in Norochcholai coal procurement process during 2015 to 2016. Chancellor of Moratuwa University Prof. K Y WA Perera will chair the committee while the Chairman of CMA Prof. Lakshman […]
‘s cabinet approval
July 13, 2016 (LBO) – Sri Lanka’s Cabinet has approved the introduction of a National Payment Platform (NPP) to facilitate digital commerce and online transactions, a post-cabinet statement said. The Information and Communication Technology Agency (ICTA) has been directed to implement the NPP, with the Central Bank of Sri Lanka facilitating its implementation With NPP, […]
New incentive structure for investments in coming weeks: PM
July 13, 2016 (LBO) – Sri Lanka will unleash a new incentive structure for specific investment sectors coupled with a simplified tax system in the coming weeks, Prime Minister Ranil Wickremesinghe said. Wickremesinghe said the government has already identified specific sectors that generate high employment opportunities to offer new incentives. “I want to encourage both […]
Sri Lankan rupee firms on dollar selling by foreign bank; stocks rise
July 13, 2016 (Reuters) – The Sri Lankan rupee rose on Wednesday as a foreign bank sold dollars on behalf of investors keen to buy local bonds after Finance Minister Ravi Karunanayake said the currency would rise on expected inflows from a sovereign bond issue, dealers said. Sri Lanka raised $1.5 billion in its first […]
PTL Watch: Sri Lanka bond yields dip further 5-10 bp
[pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/07/PTL-Daily-Market-Report-13th-July-2016.pdf”]
Sri Lanka’s new Ambassador to ASEAN presents Credentials
Sri Lanka’s Ambassador to Indonesia, Dharshana M. Perera presented credentials as Sri Lanka’s Ambassador to ASEAN to Secretary General Mr. Le Luong Minh at the ASEAN Secretariat in Jakarta on 12th July 2016. During the discussion which followed, the ASEAN Secretary General welcomed the accreditation of the Ambassador of Sri Lanka and described it as […]