Tag: lbo.lk
”’ rank down one notch to 110: World Bank
Oct 27, 2016 (LBO) – The World Bank says Sri Lanka has dropped one place in the “Doing Business ” rank to 110, over the past year, but the island has made progress in two reform areas: starting a business and protecting minority investors. “The improvements, while important, were not enough to stop a decline […]
Sri Lankan rupee steady in lean trade; stocks weak
COLOMBO, Oct 26 (Reuters) – The Sri Lankan rupee traded steady on Wednesday in a dull market as investors were reluctant to take positions, a day after a state bank sold dollars, capping the fall in the domestic currency amid seasonal importer greenback demand, dealers said. Dealers said moral suasion by the central bank on […]
Dusit Thani Sri Lanka promote real estate invetment in Australia
Colombo, 25 October 2016 – Dusit Thani Sri Lanka, Beachfront Balapitiya recently hosted ‘Australia Showcase 2016’ for Sri Lankan-Aus society crème de la crème, in Melbourne to meet the immense interest received from both expats and locals alike in Australia. The simple early-evening event, which received 80 attendees was hosted exclusively for The Beachfront apartments […]
Asia stocks slide after Wall Street losses, oil drops on glut concerns
SINGAPORE, Oct 26 (Reuters) – Asian shares tumbled in early trade on Wednesday, following in the footsteps of Wall Street, which pulled back on disappointing earnings, while the dollar inched down from a seven-month high and oil prices slid. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent. Japan’s Nikkei lost 0.2 percent, […]
Asia shares slip after Apple results weigh, dollar off highs
TOKYO, Oct 27 (Reuters) – Asian shares edged down on Thursday after disappointing earnings from technology giant Apple dragged on Wall Street, while the dollar remained shy of this week’s nearly nine-month highs. Besides Apple, results and forecasts from some other major U.S. companies also weighed on U.S. markets overnight. The S&P 500 and the […]
Listed debenture of HNB oversubscribed
Oct 25, 2016 (LBO) – The listed debenture issue of Hatton National Bank PLC was oversubscribed during the early hours of the opening day, the Colombo Stock Exchange said. The debenture issue of HNB was for 5 billion rupees with a option to go up to 6 billion rupees and was rated A+ (lka) by […]
Sri Lanka targets budget deficit of 4.4-pct for 2017: Minister
Oct 26, 2016 (LBO) – Sri Lanka plans on reducing it’s budget deficit to 4.4 percent in 2017 and curbing its total expenditure by around 10 percent, the State Minister of Finance said. “We propose to cut the budget deficit up to 4.4 percent and curb expenditure through reducing the government expenditure and better financial […]
Sri Lanka delayed VAT debate in Parliament tomorrow
Oct 25, 2016 (LBO) – Sri Lanka’s much delayed Value Added Tax (VAT) amendment bill under the equitable taxation principle will be debated in parliament, Wednesday, the Finance Ministry said in a statement. “The newly proposed VAT system is very simple and transparent,” Ravi Karunanayake, Minister of Finance said in the statement. VAT was introduced […]
Sri Lanka appoints committee to look at Norochcholai issues
Oct 25, 2016 (LBO) – Sri Lanka’s power regulator, the Public Utilities Commission, has appointed another three member committee to investigate the recent break down of Lakvijaya coal power plant in Norochcholai. The committee will be chaired by Shibly Aziz, former Attorney General and President Counsel and include R I Senaratne, head of the Department […]
Asia shares track Wall St higher, US dlr firm
SYDNEY, Oct 25 (Reuters) – Asian shares edged higher on Tuesday while the dollar stood firm as upbeat U.S. earnings boosted Wall Street and factory surveys in the United States and Europe boasted their best readings so far this year. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent with most components […]
Danish delegation to look at infrastructure in Sri Lanka
Oct 25, 2016 (LBO) – A business delegation is due from Denmark to look at investment opportunities in Sri Lanka in in energy, infrastructure and water. “The delegation is interested in exploring the Sri Lankan market and strengthening ties with the Sri Lankan business community,” a statement from the European Chamber of Commerce of Sri […]
Issues of fisherfolk affected by Colombo Financial City to be discussed
Oct 24, 2016 (LBO) – Sri Lanka’s Ministry of Megapolis has appointed a committee to look into the grievances being voiced by the fishing community due to the construction of the proposed Colombo Financial Center, previously called the Colombo Port City. The ten member committee will comprise five fishermen from the area and five personal […]