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Sri Lanka eyes 10 to 20 year sovereign bond issue
June 07, 2016 (LBO) – Finance Minister Ravi Karunanayake told reporters today that the government is looking at a sovereign bond issue with a tenor of 10 to 20 years. Without revealing particulars, Finance Minister said the exact information on the bond issue will be announced in the coming days. Karunanayake also revealed that the […]
Commercial Bank begins new series of entrepreneurship programmes for women
The Commercial Bank of Ceylon recently conducted the first of a series of entrepreneur development programmes exclusively for women, in recognition of their importance to the national economy. The programme conducted in Matara in collaboration with the National Enterprises Development Authority (NEDA) was attended by more than 100 women entrepreneurs who are involved in micro, […]
ODEL launches LUV Sigiriya campaign to protect historic site
ODEL clean up team hauls down 40 sacks of rubbish from Lion Rockon World Environment Day Callous visitors defile the historic Sigiriya rock with 40 sack loads of rubbish each day, an alarming fact brought vividly alive by employees of ODEL who undertook to clean up the site to mark World Environment Day this year. […]
Sri Lankan rupee trades steady; seen rising on IMF loan, inflows
June 7 (Reuters) – The Sri Lankan rupee traded steady on Tuesday as dollar conversions by exporters were offset by dollar demand by importers even as hopes rose the currency would go up slightly after the IMF approved a $1.5 billion loan, dealers said. The IMF executive board approved the three-year loan over the weekend, […]
Opinion: Could debt forgiveness be interim solution for economic malaise?
By Steve Brice There is a growing perception that monetary policy is losing its power to solve the world’s economic problems. This may be misleading. What is probably true is that incremental policy easing is experiencing diminishing – and, possibly, negative – returns. Therefore, central banks – and governments – may need to get even […]
Sri Lanka tourist arrivals up 10 pct in May, Europe leads
June 07, 2016 (LBO) – Tourist arrivals to Sri Lanka rose 10 percent in May to 125,044 visitors compared with the same month last year, official data showed. Arrivals during the first five months of the year were up 18.4 percent to 846,229 visitors, compared with the same period last year. April, May and June […]
Blog: Integrating social media into marketing strategy
By Dinesh Jebamani Evolution of Social media and growth in mobile internet has resulted in the need for marketing strategies to change. The images below shows the growth of social media channels and messaging apps, and the huge potential to reach your target audience, create brand awareness, engage and generate leads for conversion. If you […]
Clinton seals Democratic US presidential nomination
June 07, 2016 (LBO) – Former New York Senator and US Secretary of State, Hillary Clinton, has obtained the number of delegates needed to seal the Democratic nomination for US presidential election. Clinton has secured the 2,383 delegates needed to become the Democratic Party nominee with the crucial victory in Puerto Rico at the weekend. […]
Designer swimwear show to be held at Colombo Port
June 07, 2016 (LBO) – Colombo Fashion Week will showcase the latest trends in swimwear from June 24-26 at the ECT Terminal of the Colombo Port, organizers said. In collaboration with swimwear manufacturer Linea Aqua, the Swim Week Colombo will feature 14 Sri Lankan and international designers on the runway. “Swim Week Colombo is conceptualized […]
Head of British diplomatic service visits Sri Lanka to see reconciliation work
Head of the British Diplomatic Service Sir Simon McDonald and Secretary at the UK Department for International Development Mark Lowcock visited Sri Lanka yesterday to meet with high-level government officials and discuss Sri Lanka’s progress on reconciliation. During their visit they also met with representatives of many of the organisations implementing UK funded projects in […]
Sri Lanka’s Hemas Holdings March net profit down 3.5-pct
June 07, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare has posted a shareholder profit of 744 million rupees in the March 2016 quarter, down 3.5 percent from a year earlier, interim accounts showed. The group reported basic earnings of 1.30 rupees per share for the quarter against […]
PTL Watch: Bond yields steady ahead of auction
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