Category:
China Forex reserves posts record quarterly drop
Oct 07, 2015 (LBO) – China’s foreign exchange reserves has posted a record drop in September quarter after its central bank intervened into the market to stabilize the yuan. Its foreign exchange reserves have fallen to 3.51 trillion US dollars at the end of September, People’s Bank of China said. The reserves decreased by 43.26 billion […]
PTL Watch: Tbill auction unchanged as short term bonds head north
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Microsoft unveils its first ever laptop, Surface Book
Oct 07, 2015 (LBO) – Microsoft today unveiled its first ever laptop, the Surface Book as part of its new product package designed especially for windows 10. Surface Book is a powerful laptop combining a 6th Gen Intel Core i5 or i7 processor with up to 16GB of memory and an optional discrete graphics chip. […]
‘s John Keells (JKL) gets new CEO
Oct 07, 2015 (LBO) – Hishantha G R De Mel has been appointed Acting Chief Executive of John Keells PLC, a subsidiary of John Keells Holdings, from 01 October 2015, the Colombo Stock Exchange said in a statement. Former CEO Sudath Chaminda Munasinghe resigned with effect from October 1 2015. De Mel joined the Company in […]
Tell us about your industry!
Tell us about your industry! You can email us at lbonews@gmail.com. We would like to hear about your experiences whether it is in tea planting, rules of taxation, or papaya exports. What regulations affect ease of doing business? We can channel your complaints to the relevant authority.Tell us if you do not wish to disclose […]
Embark opens mini concept store at BIA
Visitors to Sri Lanka as well as Sri Lankans travelling overseas can now support the country’s brand with a cause and live the passion prior to departure, following the opening of an independent Embark store at the Bandaranaike International Airport (BIA) Katunayake. Hot on the heels of the opening of the first independent Embark store […]
‘s ratings after merger
Oct 07, 2015 (LBO) – Fitch Ratings has withdrawn DFCC Vardhana Bank (DVB) National Long-Term Rating of ‘AA-(lka)’ with Stable Outlook, a statement said. “At the same time, Fitch has also withdrawn the ‘AA-(lka)’ rating on DVB’s Basel II-compliant senior debentures and the ‘A+(lka)’ rating on its Basel II-compliant subordinated debentures,” it said. Full statement is attached: […]
Volkswagen to start emission scandal recalls in Jan
Oct 07, 2015 (LBO) – German auto manufacturer Volkswagen says they will start to recall cars affected by its emissions scandal in January, foreign media reports said. New chief executive of Volkswagen Matthias Mueller told German media that all affected cars will be fixed by the end of 2016. According to the media report, Volkswagen has […]
CSE Star Performers 2015 awards
The Colombo Stock Exchange held its staff award ceremony on the 12th of September titled “CSE Star Performers”.“We compete with ourselves to be better at what we do; therefore it’s of utmost importance for us to encourage our high performers and innovators this way” said the Chairman Mr. Vajira Kulathilaka who was the Chief Guest […]
Rupee strengthens to 140.45/65 on expected dollar inflows
Oct 07, 2015 (LBO) – Sri Lanka’s rupee has strengthened on Wednesday with dollar selling by a commercial bank on likely exporter proceeds and expected inflow of dollars, a dealer said. The rupee was quoted against the dollar at 140.45/65 down from 141.00/05. The central bank allowed greater flexibility of the exchange rate from 4th […]
Sri Lanka PM seeks Japanese support for national reconciliation
Oct 07, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe who is on a visit to Japan had said that, Sri Lanka needs Japanese government support for national reconciliation and peace building process. “We are expecting support from Japan for the national reconciliation and peace building process in Sri Lanka,” Wickremesinghe said addressing Japanese parliamentarians in […]
‘s Leasing senior debt gets “AA-(lka)” rating: Fitch
Oct 07, 2015 (LBO) – Sri Lanka’s People’s Leasing and Finance Company has been assigned a B+/AA-(lka) rating for it’s proposed senior unsecured debentures of up to 6 billion rupees with a stable out look, Fitch Ratings said in a statement. The final National Long-Term Rating is ‘AA-(lka)’, the statement said. The full rating report […]