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PTL Watch: Yields tick up, buying in the 2041 bond
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Tell the President …
“Tell the President” an initiative to fast-track provision of solutions to civic issues, launched today under the patronage of President Maithripala Sirisena. https://www.facebook.com/events/1279383688754044/
Sri Lanka can’t continue as low income country: PM
Jan 08, 2015 (LBO) – Sri Lanka should take note of global economic conditions and its own shortcomings which will enable the island to become a high income nation in the region, Prime Minister Ranil Wickramasinghe said. “Sri Lanka has a unique chance to go on a unique journey after the end of a decade’s […]
Stiglitz outlines carbon, inelastic, land, congestion taxes at economic forum
Jan 08, 2016 (LBO) – Renowned economist Joseph Stiglitz, speaking at the Sri Lanka Economic Forum, explained some of the ways the government could raise tax revenue by taxing environmental pollution, inelastic goods, land, consumption and road congestion. “What is the best way to increase tax revenue?” the nobel laureate asked a packed forum of […]
‘s BOI gets new DG
Jan 08, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed Duminda Ariyasinghe, as its new Director General, a statement said. Ariyasinghe, who joined the BOI in 2005 has specialized in Investment Promotion, Investment Appraisal, Project Implementation and Monitoring/After-care functions. He has managed Strategic Development Projects with large FDI such as the Shangri-La […]
Emerging Asia leverage, capital outflows constrain policy space: Fitch
Jan 08, 2015 (LBO) – Emerging Asia’s private consumption has remained resilient in the face of weaker external demand but investment has slowed down more substantially, particularly in the private sector, Fitch ratings said. The full statement follows Fitch Ratings-Hong Kong-07 January 2016: Fitch Ratings says Emerging Asia’s (EM Asia) private consumption has remained resilient in the […]
Every single day is a lost day, PM declares
Jan 07, 2016 (LBO) – Speaking to a packed house of corporate leaders, government officials, ministers, civil society leaders, diplomats and visiting economists, Sri Lanka’s Prime Minister Ranil Wickremesinghe underscored the need for urgent action to move the nation forward, in response to a question posed by Harvard University’s Professor Ricardo Haussmann. Previously in his […]
SriLankan Airlines bids goodbye to its Airbus A340s after 21 years
SriLankan Airlines, the first Asian airline to operate the four-engine Airbus A340 aircraft, will bid goodbye to the last of its A340s after more than two decades in service, with a final commercial flight today, (January 7, 2016). SriLankan introduced the A340 on 1st September 1994, at the time when it was the most sophisticated […]
Sri Lanka exports, imports fall; trade gap shrinks in October
Jan 07, 2016 (LBO) – Sri Lanka’s exports fell 6.0 percent to 847.3 million US dollars in October 2015 from a year earlier while imports fell at a faster 6.4 percent to 1.64 billion US dollars, official data showed. The trade gap fell 6.8 percent to 791.0 million US dollars from a year earlier. The […]
Norway pledges support for Sri Lanka to assess fish stocks
Jan 07, 2016 (LBO) – Norway has pledged their technical support to conduct an assessment on marine fish stocks in Sri Lanka, Foreign Minister of Norway Børge Brende said. “We would like to support in the assessment of the fish stocks with our research vessel. I think there is also a huge potential for renewables […]
Government expedites paying EPF for housing and medical activities
Jan 07, 2016 (LBO) – Sri Lanka’s government will expedite the process to pay 30 percent of the EPF to applicants who seek funds for housing and medical activities, Co-cabinet Spokesman Rajitha Senaratne said. According to the provisions of the Employees’ Provident Fund Act No 15 of 1958 amended by the act no 2 of […]
Sri Lanka stocks close at 18-month low
Jan 07, 2016 (LBO) – Sri Lankan stocks closed down at 0.62 percent for a fourth consecutive day with some index heavy and banking stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower at 42.38 points at 6,775.27 down 0.62 percent. S&P SL20 closed 26.73 points down at 3,546.45 down […]