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Gold prices hit seven week high with USD at near 3-week low
Oct 12, 2015 (LBO) – Gold prices rose to a seven-week high on Monday with expectations that the Federal Reserve will postpone an expected U.S. interest rate hike, foreign media reports said. Spot gold was last at 1,165.8/1,166.2 US dollars per ounce, up 10.1 US dollars on Friday’s close.Trade has ranged from 1,155 to 1,166.8 US […]
Sri Lanka stocks close higher 0.06-pct, Telco gains
Oct 12, 2015 (LBO) – Sri Lankan stocks closed higher on Monday with gains in the telecom sector stocks as lack of policy direction made the market volatile, brokers said. The Colombo benchmark All Share Price Index closed higher 3.94 points at 7,100.00, up 0.06 percent. S&P SL20 closed 1.04 points lower at 3,818.76 lower 0.03 […]
PTL Watch: Sri Lanka bond yields drop across the board
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Dev Day 2015 Aims to Accelerate Software Professionalism
Dev Day is an international software conference bearing the theme “Accelerating Sri Lankan Software Professionalism.”As the theme implies, the rationale behind making this conference a reality is exposing Sri Lankan software professionals to the thought leaders of global software engineering industry. Why Dev Day? In specific terms, there are four major reasons to organize such […]
Sri Lanka appoints Eva Wanasundera as new acting CJ
Oct 12, 2015 (LBO) – Senior Supreme Court Judge, Justice Eva Wanasundera has taken oaths as the acting Chief Justice before President Maithripala Sirisena today.Justice Wanasundera will act as CJ during the absence of Chief Justice K Sripavan who is currently abroad.Prior to her appointment as Puisne Justice of the Supreme Court of Sri Lanka, […]
Sri Lanka’s real estate a new segment of export economy: developer
Oct 12, 2015 (LBO) – Sri Lanka’s ongoing real estate developments can be used to attract investors to the island as a new segment of our export economy, a developer said. “The scale and quality of some of the on-going building projects in Colombo justify looking at property development as a new segment of our […]
Sri Lanka’s Laugfs acquires 69 pct of Bangladesh LPG plant, eyes Asian markets
Oct 12, 2015 (LBO) – Sri Lanka’s Laugfs Gas plc acquired 1.8 million ordinary shares, or 69 percent of the total issued shares, in Petredec Elpiji Limited, a company incorporated in Bangladesh for a purchase consideration of 18.75 million US dollars. “We see tremendous potential for expanding LPG as a domestic and commercial energy source […]
Global economy going through period of change: IMF
Oct 12, 2015 (LBO) – The global economy is going through a period of change, the International Monetary Fund’s Managing Director Christine Lagarde said during Annual Meetings of the World Bank and the IMF in Peru over the weekend.“Uncertainty over the global economy is on the minds of policymakers in all countries, including here in […]
Sri Lanka has full support of WB, IMF says Finance Minister
Oct 12, 2015 (LBO) – Sri Lanka has the full support of the World Bank and the International Monetary Fund, Finance Minister Ravi Karunanayake said after attending Annual Meetings of the two institutions in Lima, Peru. “I must reiterate that we are not subject to any conditions imposed by the World Bank and the IMF. […]
Sri Lanka – Poland trade balance in favor of SL: forum chief
Oct 12, 2015 (LBO) – High export volumes have contributed to the balance of trade between the two countries in favor of Sri Lanka, chairman of Sri Lanka Poland business forum Samantha Ranatunga said.“This is rare for our country and more the reason why we value doing business with Poland,” he said.Exports from Sri Lanka […]
Sri Lanka vehicle registrations hit another high in Sept: JBS
Oct 11, 2015 (LBO) – Vehicle registrations hit another all-time record on most categories barring 2-wheelers in September. In some categories the growth over the previous month is alarming, JB Securities said in a research note. Total motor car registrations recorded 14,301 units in Sep up from 9,107 units in Aug and a mere 3,539 […]
Japan provides food aid worth Rs. 275Mn to Sri Lanka’s North
Oct 10, 2015 (LBO) – Sri Lanka will receive food grant assistance worth 275 million rupees from Japan through the World Food Program (WFP), a statement said.The aid will support ongoing emergency program in Sri Lanka including the School Meals Program.Under this programme , Japan will provide canned fish manufactured in the areas devastated by the Japan […]