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PTL Watch: Yield curve flat, T-bill yields up at auction
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Speech by Chief Guest Patali Champika Ranawaka – LBR LBO Infrastructure Summit 2015
Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for business, […]
HNB Grameen shares to be listed in CSE
Jan 06, 2016 (LBO) – Hatton National Bank’s micro finance arm, HNB Grameen, is to list its shares in the Colombo Stock Exchange shortly, Managing Director of HNB, Jonathan Alles said. Alles was speaking at the trade opening ceremony conducted at the CSE yesterday. “In the HNB group, Lanka Ventures, HNB Assurance are listed and […]
Sri Lanka, Pakistan consider currency swap agreement
Jan 06, 2015 (LBO) – Sri Lanka and Pakistan will considering entering into a currency swap agreement, the Prime Minister of Pakistan Nawaz Sharif said speaking in Colombo. The two countries will also look at a joint investment company, he said speaking at the launch of the single country trade exhibition. Sri Lanka has a […]
Sri Lanka real estate brokers, agent certification should be formalized: RIU
Jan 06, 2016 (LBO) – Sri Lanka’s real estate brokers and agents need to professionalize their services and initiatives to bring about change in the sector, a recent report says. “Sri Lanka does not have a formal system of registration of certification for real estate brokers and agents,” Research Intelligence Unit, a firm which specialize […]
CA Sri Lanka, IFAC and SAFA in joint effort to empower Asia’s SMEs
In a fresh effort aimed at empowering the Small and Medium practitioners and enterprises in the South Asian region, the Institute of Chartered Accountants of Sri Lanka together with the International Federation of Accountants (IFAC) and the South Asian Federation of Accountants (SAFA), has organized a regional SMP Forum to help educate Small and Medium […]
IMF Executive Director Subir Gokarn meets Minister Amunugama
Dr. Sarath Amunugama minister for Special Assignments met Dr. Subir Gokarn, Executive Director of International Monetary Fund at the Ministry office yesterday ( 4th January ). At this discussion views were exchanged regarding the present Economic Situation of Sri Lanka. Dr. Nandalal Weerasinghe, Deputy Governor of Central Bank of Sri Lanka also participated at the […]
USD80mn LAUGFS LPG Terminal takes-off ground
LAUGFS Terminals Limited joined together with China Huanqiu Contracting & Construction Corporation (HQC) to officially break ground for the 45,000MT LAUGFS LPG Import/Export Terminal at Hambantota Port, with a massive investment of over USD 80 million allocated for the project. The Terminal will be the first step in building a regional energy distribution hub in […]
Sri Lanka stocks close down 0.3-pct
Jan 05, 2016 (LBO) – Sri Lankan stocks closed down at 0.33 percent with losses in index heavy and some banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed lower at 22.32 points at 6,845.30 down 0.33 percent. S&P SL20 closed 8.19 points down at 3,590.69 down 0.23 percent. Turnover was […]
Sri Lanka’s NSB takes over management of Entrust Securities
Jan 05, 2016 (LBO) – Sri Lanka’s state-owned National Savings Bank has taken over the management of troubled Entrust Securities from yesterday evening, Central Bank official said. The state-owned bank has taken over the operations following the discussions with the Central Bank and officials of the Entrust Securities Plc. Meanwhile the CSE has halted the […]
Pakistan, Sri Lanka include services and investments in FTA
Jan 05, 2016 (LBO) – Sri Lanka and Pakistan have agreed to include services and investment chapters in the bilateral Free Trade Agreement, Pakistan Premier Nawaz Sharif said. The existing Free Trade Agreement (FTA) between Pakistan and Sri Lanka has been operational since 2005. Under the existing agreement, the two countries have agreed to offer […]
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