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Thilak Karunaratne sends letter of demand to Sunday Leader
Apr 18, 2016 (LBO) – Thilak Karunaratne, chairman of the Securities and Exchange Commission of Sri Lanka (SEC), has sent a letter of demand to The Sunday Leader newspaper alleging defamation for an article titled “SEC Fails Market Again,” on April 3rd. The article, which quotes from another article published on the website “‘Lanka News […]
Central Bank sees monetary policy stance as appropriate
Apr 18, 2016 (LBO) – Sri Lanka’s Central Bank, in response to an opinion column, states that its monetary policy stance holding interest rates unchanged on March 29 was appropriate. WA Wijewardena, a former deputy governor, in an article in the Daily FT alleged that the Monetary Board should have tightened monetary policy “based on […]
Lasith Malinga’s current status with MI
Sri Lanka Cricket wishes to respond to the concerns of the media with regards to Lasith Malinga’s current status with the Mumbai Indians. Lasith Malinga has not informed Sri Lanka Cricket of his travel to India, nor his intention to play for the IPL. There is no bar on Mr. Malinga travelling to, watching, or […]
‘s big problems – Tony Weerasinghe
Democratization of wealth by disintermediation of stock trading; empowering customers to make informed decisions through access and transparency. Ustocktrade cloud platform as a case.
Herath retires from T20I and ODIs – ‘I want to make room for fresh talent to be groomed’
Sri Lanka’s dependable veteran spinner Rangana Herath has announced his retirement from T20 and ODI cricket. In a letter addressed to Sri Lanka Cricket, Herath says he would like to concentrate on Test cricket – which has always been his personal passion. He went on to say “Every cricketer has to stop at the right […]
Power of smart technologies to solving society’s big problems – Tony Weerasinghe
Democratization of wealth by disintermediation of stock trading; empowering customers to make informed decisions through access and transparency. Ustocktrade cloud platform as a case.https://youtu.be/FHsw8YdzrEk
IMF: Global growth has been too slow for too long
Are troubles ahead for the global economy? The IMF thinks so. Apr 12, 2016 (LBO) – IMF projects a global growth of a modest 3.2 percent in 2016, broadly in line with last year, but 20 basis points below the January 2016 forecast. The lender attributed its global economic outlook cut, for the second time […]
Sri Lanka Megapolis official resigns over Panama Papers scandal
Apr 12, 2016 (LBO) – Megapolis and Western Development Ministry today said Ministry Consultant Vidya Amarapala had decided to resign from his post to facilitate inquiry into the Panama Papers leaks. “The attention of the Megapolis and Western Development Ministry has been drawn to the listing of the name of Ministry Consultant Vidya Amarapala in the […]
Sri Lanka to re-impose share transaction levy from 15 April
Apr 12, 2016 (LBO) – Sri Lanka will re-impose the share transaction levy at the rate of 0.3 percent from 15 April, 2016, the Colombo Stock Exchange said. The levy would be charged from every buyer and seller on the turnover of every share trading transaction done on the CSE. The share transaction levy was […]
Sri Lanka economy adjusting, may receive USD1-1.25 bln from IMF: CB
Highlights from press conference: * GDP grew 4.8 pct in 2015, vs 4.9 pct 2014 * Sri Lanka may receive around USD 1-1.25 billion IMF support: Governor * USD500 mln renminbi bonds may be issued in coming months: Governor * Worker remittances fell 0.5 pct to USD6.9 bln in 2015 * Official reserves at USD6.2 […]
PTL Watch: Bond yields tick up on some profit taking
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