Category:
PTL Watch: Foreign buying seen in Sri Lanka bonds
[pdf-embedder url="https://www.lankabusinessonline.com/wp-content/uploads/2015/10/Copy-of-working-ptl-report-08.10.2015.pdf%22]
Sri Lanka’s Budget 2016: Revenue Rs1.7tn; Expenditure Rs3.1tn
Oct 08, 2015 (LBO) – Sri Lanka’s total borrowing requirement from both foreign and local sources for the year 2016 will be 1,349 billion rupees, revealing 2016 budget figures the government said.The revenue at the prevailing rates structure and foreign grants have been estimated to be around 1,789 billion rupees.The total expenditure provision for 2016 […]
China launches international payment system
Oct 08, 2015 (LBO) – China’s central bank on Thursday launched the first phase of the China International Payment System in a bid to open their currency to the rest of the world.With the new system businesses will facilitate cross boarder yuan transactions while increasing the efficiency and its global usage, China Central Bank said.New […]
LBR LBO infrastructure summit announced to media
Oct 08, 2015 (LBO) – There is an urgent need to move forward with intelligent urban design and development if Sri Lanka aspires to make Colombo a regional hub.This was the call of the organizers of LBR LBO’s infrastructure summit “Making Colombo a Globally Competitive City,” which will be held on November 3rd and 4th […]
‘s Dialog launches new service to pay mobile pensions
Oct 08, 2015 (LBO) – Sri Lanka’s Pensions Department on Thursday entered into a partnership with Dialog easy cash mobile money service to deliver pensions directly in to the pensioners hand through mobile devices.This innovative service for pensioners will ease the waiting queues at post offices or banks to get the funds. After registering with […]
Sri Lanka to call bids for urban rail project soon-Updated
Oct 08, 2015 (LBO) – Sri Lanka will be calling for international competitive bids for its first urban railway project, Upul Jayasuriya, chairman of Sri Lanka’s Board of Investment told foreign media.Japanese foreign media reports quoted the BOI chief saying that the Sri Lankan government is considering introducing either monorails or subways, as traffic congestion […]
Sri Lanka vehicle prices to increase with new customs valuation basis
Oct 08, 2015 (LBO) – Sri Lanka’s finance minister has signed an extraordinary gazette to change the basis on which customs calculates the value of certain motor vehicles, and prices of some vehicles may increase by almost 50 percent, car dealers said.With this order the actual transacted FOB value of the vehicle has been excluded […]
Sri Lanka tea prices hit lowest levels since March 2012
Oct 08, 2015 (LBO) – Sri Lankan tea prices have come down to it’s lowest levels since March 2012 with low grown varieties the worst affected, latest data shows.The Colombo tea auction monthly average price for September 2015 was down 71.33 rupees to 368.18 rupees a kilo from 439.51 rupees in 2014, Forbes and Walker […]
MTD Walkers unveils their new identity ‘Walkers CML’
Integrated infrastructure and engineering solutions provider, MTD Walkers PLC unveiled their new brand identity ‘Walkers CML’ in line with its 162nd anniversary celebration.Since 1854, the brand Walkers has been synonymous with innovation and excellence in Sri Lanka, extending its expertise in sectors such as civil, marine, mechanical, electrical engineering work, pile construction, power generation, manufacture […]
Sri Lanka Treasury bill yields flat
Oct 07, 2015 (LBO) – Sri Lanka’s Treasury bill yields were flat for the second straight week at Wednesday’s auction, data from the state debt office showed. The 3-month yield was flat 6.78 percent with bids amounting to 15.1 billion rupees being received and it was decided to accept 6.5 billion rupees from the auction. […]
Sri Lanka stocks close flat, low turnover
Oct 07, 2015 (LBO) – Sri Lankan stocks closed lower by 0.01 percent on Wednesday with continued losses in banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 0.48 points at 7,085.45 lower 0.01 percent. S&P SL20 closed 1.82 points lower at 3,825.49 lower 0.05 percent. “Investors are keeping a […]
Prime Minister Ranil Wickremesinghe meets Emperor of Japan
Prime Minister Ranil Wickremesinghe and his wife called upon the Emperor of Japan Akihito and Empress Michiko at the Imperial palace in Tokyo today morning.