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MR wants USD3.5bn syndicated loan agreement tabled in Parliament
July 01, 2016 (LBO) – Sri Lanka’s ex-President Mahinda Rajapaksa has requested the government to table the USD3.5bn syndicated loan agreement along with the Attorney General’s observations before parliament. Speaking at the Battaramulla office of the Joint Opposition former President pointed out that the legislature needs to be informed about the financial management of the […]
Commercial Bank adds crosscurrency transactions to Online Banking
The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers between accounts maintained in different currencies other than Sri Lankan rupees. These transactions can be carried out between accounts maintained under a customers own namein eight major currencies including […]
Ceylon Cold Stores PLC Joins CSE to Open Trading for July
Ceylon Cold Stores (CCS) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to mark the first trading day for the month of July. Directors Mr. Ajit Gunewardene and Mr. Ronnie Peiris, President of the Consumer Foods Sector of JKH & Director Mr. Jit […]
Justice Minister meets UN High Commissioner for Human Rights
Justice Minister Dr. Wijeyadasa Rajapaksha has participated 32nd regular session of the United Nations Human Rights Council in Geneva . After the session Minister Rajapaksha has met UN High Commissioner for Human Rights Zeid Raad Al Hussein.
Hotel Show Colombo 2016 with over 250 stalls from over 20 countries
The 11th edition of the Hotel Show Colombo 2016 will be held from the 22nd – 24th July 2016 at The BMICH, in Colombo. This year the Hotel Show will focus on its theme Hospitality Industry Vision 20 – 20. The organizers expect to bring out futuristic displays and innovations at this fair for the […]
PTL Watch: Bond yields higher, more foreign inflow
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Eurocars launch new Porsche 718 Boxster models in Colombo
Eurocars the sole agent of Porsche in Sri Lanka welcomes new and exclusive mid-engine Porsche models; the 718 Boxster and 718 Boxster S. The two-seat convertibles are now more powerful yet more fuel efficient. The centerpiece of the new model series is the newly developed four-cylinder flat engine with turbocharging. The 718 Boxster develops 220 […]
Japan provides Rs2.4bn aid for Sri Lanka’s maritime safety
July 01, 2016 (LBO) – The Japanese government has granted 1,830 million Japanese Yen (Rs2.4bn) to Sri Lanka for the implementation of a maritime safety capability improvement project. The project aims to contribute to the improvement of the maritime safety capability of Sri Lanka Coast Guard by enabling them to procure two petrol vessels to […]
Asia stocks rise as risk appetite recovers, pound under fresh pressure
July 1 (Reuters) – Asian stocks rose on Friday as risk appetite continued to recover from last week’s Brexit shock, but the pound came under renewed pressure after the Bank of England’s governor hinted at an interest rate cut ahead. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 percent. The index has recovered nearly all the […]
‘s CCPI inflation accelerates to 6 pct in June from 4.8 pct in May
July 01, 2016 (LBO) – Sri Lanka’s inflation as measured by Colombo Consumers Price Index (CCPI) accelerated to 6.0 percent in June 2016, up from 4.8 percent, on an year-on-year basis. Inflation for food items increased from 5.6 percent in May to 8.2 percent in June 2016 while nonfood items decreased from 4.2 percent to […]
Field Marshal Sarath Fonseka obtains UNP membership
Field Marshal Sarath Fonseka obtained the UNP membership from UNP leader and Prime Minister Ranil Wickremesinghe at the UNP headquarters in Sirikotha today.
Charitha Ratwatte to take up Governor position for two months: Source
June 30, 2016 (LBO) – Charitha Ratwatte is expected to take a temporary position as the Governor of the Central Bank of Sri Lanka, a government source told Lanka Business Online. The appointment of the former Treasury Secretary would be for two months, the source added. An official announcement has not been made yet. On […]