Tag: lbo.lk
RDA to obtain Rs23bn for Central Expressway phase II
Feb 01, 2017 (LBO) – Sri Lanka’s Cabinet has decided to obtain part of the funds for the construction of phase II of Central Expressway Project from two state banks. The government has identified it as one of its priority projects for promoting economic development in the country by improving connectivity among various regions, a […]
Central Bank releases new publication “A Survey of Financial System”
(PRESS RELEASE) – The Central Bank today launched a new book titled “A Survey of Financial System” authored by Mr. P Samarasiri, Deputy Governor. This is the fourth book authored by Mr. Samarasiri and published by the Central Bank. The book’s presentation is targeted for students, teachers and policymakers who look for basics on financial […]
Dollar caught in crossfire as Trump talks currency wars
SYDNEY, Feb 1 (Reuters) – The dollar was put on the defensive in Asia on Wednesday after the Trump administration accused Germany and Japan of devaluing their currencies to gain a trade advantage, fuelling a risk-off mood that also kept stocks subdued. The U.S. currency suffered its worst January in three decades after President Donald […]
Asian shares rattled by Trump travel curb orders, dollar soft
TOKYO, Jan 31 (Reuters) – Asian shares were on the defensive on Tuesday as stringent curbs on travel to the U.S. ordered by President Donald Trump brought home to investors that he is serious about putting his radical campaign pledges into action. Global stocks posted their biggest loss in six weeks after Trump signed an […]
Nawala emerging as high end apartment hub: RIU
Jan 30, 2017 (LBO) – Nawala, between Sri Lanka’s commercial capital Colombo and administrative capital Kotte, is seen as the next high-end residential apartment hub, as new infrastructure in and around the area will address issues related to traffic congestion, a research institute said. “Many new real estate developers have realised the potential of the […]
Asia shares, S&P futures fall as Trump travel ban, weak GDP adds to U.S. worries
SINGAPORE, Jan 30 (Reuters) – Asian stock markets and U.S. stock futures retreated on Monday after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad and added to global fears of increasingly unpredictable U.S. policies. Trump on Friday put a 120-day hold on allowing refugees into the country, an indefinite ban […]
‘s North, more in pipeline
Jan 30, 2017 (LBO) – Sri Lanka opened a state-run paddy store in Mannar to cater to the Northern region which can store 10,000 metric tonnes at cost of 2.6 billion rupees, the Ministry of Industries and Commerce said. “Farmers in this area faced may difficulties including a 30 year war, and now we are […]
Sri Lankan rupee steady in thin trade
COLOMBO, Jan 27 (Reuters) – The Sri Lankan rupee traded steady in thin volume on Friday as dollar selling by exporters and inward remittances outpaced demand for the U.S. currency from importers, dealers said. Rupee forwards were active, with two-week forwards were trading at 150.85/95 per dollar at 0546 GMT little changed from Thursday’s close […]
Sri Lanka JKH profits up 32-pct supported by port and shipping sector
Jan 27, 2017 (LBO) – Sri Lanka’s John Keells Holdings net profits were up 32 percent to 5.15 billion rupees in the December 2016 quarter from a year earlier, the company said in a statement. “The profit attributable to shareholders for the third quarter was 5.15 billion rupees, up by 32 percent from a year […]
Sri Lanka’s foreign debt repayment to go up to USD3.9Bn in 2019
Jan 26, 2017 (LBO) – Sri Lanka’s debt servicing will double in 2019 to 3,992 million dollars, the highest debt repayment to be paid by the island in a year, when compared to last year due to the borrowings of the previous government, the Finance Ministry said. “The total debt stock of Sri Lanka has […]
Opinion: Should Sri Lanka Adopt Payment Card Industry Data Security Standard?
By Sujit Christy, Director, Information Security Professional Associates (iSPA) During the past few years several data breaches have made global headlines. You may remember the Target Stores data breach in 2013 that put the credit-card numbers and personal information of millions of people into the hands of cyber criminals.According to the court documents about 42 […]
Asia rises after Dow tops 20,000 for first time, dollar on defensive
TOKYO, Jan 26 (Reuters) – Asian stocks gained early on Thursday, cheered by the Dow Jones Industrial Average breaching past the 20,000-level threshold for the first time though concerns about U.S. President Donald Trump’s protectionist stance kept the dollar on the defensive. MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.3 percent. […]