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U.S. Fed leaves open possible Dec rate hike
Oct 29, 2015 – (LBO) – The U.S. Fed has indicated that a December rate hike is a possibility outlining how economic activity has been expanding at a moderate pace.“In determining whether it will be appropriate to raise the target range at its next meeting, the Committee will assess progress–both realized and expected–toward its objectives […]
Income security for older persons in Sri Lanka, a key future concern
Oct 29, 2015 (LBO) – Sri Lanka’s pension schemes need to be reevaluated as an adequate pension is essential to ensure income security for the elderly to support the fast growing aging population, an economist said.“Providing pension coverage for future older generations could be a challenge,” Nisha Arunatilake of Institute of Policy Studies of Sri […]
Do the proper checks before buying apartments: Property developer
Oct 28, 2015 (LBO) – Sri Lankan apartment buyers are warned that there are risks in buying apartments and they should do the proper checks and minimize it, a property developer said.“Apartment buyers need to be careful when buying as they are spending their lifetime savings,” Brahmanage Premalal, chairman of Prime Lands said. “Most apartments […]
‘s first ever investor forum in Zurich
The first ever capital market investor forum held in Switzerland on 28th October 2015, proved to be an outstanding success. Titled “Invest Sri Lanka“ and organized by the Colombo Stock Exchange (CSE) in association with the Swiss Asian Chamber of Commerce (SACC), attracted a full house for the Breakfast Meeting at The Widder Hotel in […]
Sri Lanka’s sovereign bond issue oversubscribed by 2.2 times: Central Bank
Oct 28, 2015 (LBO) – Sri Lanka’s Central Bank on behalf of the Government has raised 1,500 million US dollars through a 10-year International Sovereign Bond issue on Tuesday. Final order books stood at 3.3 billion US dollars from 290 investor accounts, achieving an oversubscription ratio of 2.2 times. This marks Sri Lanka’s ninth US […]
Sri Lanka stocks close up 0.15-pct: Institutional buying
Oct 28, 2015 (LBO) – Sri Lankan stocks closed higher at 0.15 percent on Wednesday with gains in index heavy stocks and institutional buying and foreign investor activity, brokers said. The Colombo benchmark All Share Price Index closed up 10.61 points at7,094.09 up 0.15 percent. S&P SL20 closed 14.06 points higher at 3,841.89 higher 0.37 percent. […]
Lanka exports chief Egodage steps down, new CEO this week
As officials, staff and even trade union reps rallied around to heap praise on his initiatives, the outgoing EDB Chairman and CEO Bandula Egodage –the eleventh Chairman to hold the office-was quick to stress that he is not entirely quitting the country’s exports regime on 28 October. “Though I am stepping down from EDB today, […]
Three Sri Lankans honoured by Japanese Foreign Minister
Kenichi Suganuma, Ambassador of Japan, formally awarded the Foreign Minister’s Commendations to Upali Stanley Jayasekera, Chitral Jayawardane and G.Kulatilake of Sri Lanka, at a special ceremony held on 26rd October, 2015 at the Ambassador’s residence in Colombo.The Foreign Minister’s Commendations are awarded to individuals and groups for their outstanding achievements in international fields, to acknowledge […]
PTL Watch: Sovereign bond attracts local investors to bonds
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Sri Lanka Treasury bill yields down
Oct 28, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down on Wednesday’s auction, data from the state debt office showed.The 3-month yield was down to 6.61 percent with bids amounting to 30.8 billion rupees being received and it was decided to accept 3 billion rupees from the auction.The 06 month yield was also […]
Dialog Axiata partners with Ericsson for Managed Enterprise Cloud in Sri Lanka
Oct 28, 2015 (LBO) – Sri Lanka’s largest connectivity provider Dialog Axiata has partnered with Ericsson to make Managed Enterprise Cloud services in Sri Lanka. Managed Enterprise Cloud enables operators to create and provide white-label enterprise software services flexibly and effectively. Ericsson will install and integrate the Managed Enterprise Cloud framework in Dialog’s data center […]