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Monetary policy cannot substitute for structural reforms: Raghuram Rajan
New Delhi, Mar 13, 2016 (LBO) – “Structural reforms, typically ones that increase competition, foster innovation, and drive institutional change, are the way to raise potential growth,” said Raghuram Rajan, Governor of Reserve Bank of India (RBI). Rajan was speaking at a three-day high-level conference in New Delhi themed “Advancing Asia: Investing for the Future.” […]
Sri Lanka Investment Summit to kick off in Singapore
Mar 12, 2016 (LBO) – Sri Lankan and international delegates will congregate at the Sri Lanka Investment Summit in Singapore on Tuesday, with the island positioning itself as one of the fastest growing economies in Asia, the organizers said. The conference is expected to bring together Sri Lanka’s financial sector specialists and regional portfolio managers […]
Blog: Social media marketing, the basic mistakes
By Dinesh Jebamani Today we need to innovate in the way we want to communicate and interact with our community who we consider as customers, prospects or target groups. The ever evolving communication landscape and continuous new mediums emerging in Digital media which are adopted fast by the public leaves us with no choice but […]
IMF capacity development centre to be setup in India
New Delhi, Mar 12, 2016 (LBO) – Christine Lagarde, Managing Director of the International Monetary Fund (IMF) and Minister Arun Jaitley agreed today to establish a capacity development center in New Delhi. “I would like to thank Prime Minister Modi, Minister Jaitley and the Indian Government for offering to host the center and for their substantial […]
‘s Lagarde
New Delhi, Mar 12, 2016 (LBO) – Even-greater trade integration can support more sustained growth, especially for countries in South Asia, observed Christine Lagarde, Managing Director, International Monetary Fund. Lagarde made these remarks at the opening session of a three-day high-level conference in New Delhi themed “Advancing Asia: Investing for the Future”. The conference is […]
Interview: Tourists need better infrastructure, says Astoria developer
Mar 12, 2016 (LBO) – Sri Lanka should take more steps to attract Chinese tourists as foreign investors increase investments in the island, a top Chinese property developer said. “We think Sri Lanka has a bright future. But Sri Lanka must improve infrastructure facilities to attract more people,” Zhong Yuan, the president of AVIC International Hotels […]
Sri Lanka’s CPC incurs Rs13.2bn loss for Jan-Nov 2015: Petroleum Minister
Mar 11, 2016 (LBO) – The marginal profit received from selling diesel is not sufficient to cover the 13.2 billion rupee loss incurred by the CPC in the first eleven months of 2015, Petroleum Minister Chandima Weerakkody said. Minister Weerakkody told Parliament that based on last December prices the state-owned Ceylon Petroleum Corporation and Lanka […]
PTL Watch: Subdued trading, Rs20 bln in foreign selling
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Thank You Sri Lanka, Tohoku Region is back now: Japanese Ambassador
(Message by H.E. Kenichi Suganuma, Ambassador Of Japan on the occasion of the 5th Anniversary of the Great East Japan Earthquake and Tsunami- 11th March 2016) It was exactly 5 years ago today that the Great East Japan Earthquake and Tsunami hit devastating many parts of Eastern Japan. The disaster claimed 15,000 lives of people and […]
Fitch rates Siyapatha Finance proposed debt A- (EXP)
Fitch Ratings has assigned Siyapatha Finance PLC’s (Siyapatha; A-(lka)/Stable) proposed senior unsecured redeemable debentures of up to LKR2.5bn a National Long-Term expected rating of ‘A-(lka)(EXP)’. A full list of existing ratings is at the end of this rating action commentary. The issue will have two tranches with bullet principal repayments in the third and fifth […]
Aitken Spence Hotel Holdings invests Rs500mn in Golden Sun Resorts
Mar 11, 2016 (LBO) – Aitken Spence Hotel Holdings has decided to accept 50 million shares of its fully owned subsidiary Golden Sun Resorts private limited in lieu of certain funds advanced by the Company. Aitken Spence hotel Holdings in a stock exchange filing said it has from time to time advanced funds to the […]
CPC to start lubricant manufacturing company with USD13mn
Mar 11, 2016 (LBO) – The Ceylon Petroleum Corporation has obtained Cabinet approval to open a State-owned lubricant manufacturing company to avoid the high expenditures on lubricants. As per the government sources, the proposed company will commence within the next two weeks with an initial investment of 13 million US dollars. 2016 budget proposed to […]