Tag: lbo.lk
Asian stocks fall to 6-week lows as bond rout intensifies
TOKYO/HONG KONG, Sept 14 (Reuters) – Asian stocks fell to fresh six-week lows on Wednesday and the greenback stood strong against a broad swathe of currencies including the Japanese yen as concerns grew about the fading impact of the world’s major central banks to stimulate growth. Losses in stock markets across Asia deepened as rising […]
Sri Lanka to stop Sampur coal power plant, SC informed
Sep 14, 2016 (LBO) – Sri Lanka’s Supreme Court (SC) was informed that the proposed 500 megawatt Sampur coal power plant will not be constructed following a Fundamental Rights application filed by Environmental Foundation (Guarantee) Limited. The Attorney General informed court that the Ministry of Power and Energy had already taken this decision. The Sampur […]
Sri Lanka electricity use safer with new square pin plugs: PUCSL
Sep 13, 2016 (LBO) – Sri Lanka’s power regulator announced the implementation of national standard for plug and socket outlet in Sri Lanka for non-industrial applications with the aim of uplifting the safety of electricity consumers. Public Utilities Commission of Sri Lanka (PUCSL) said that currently different types of plugs and sockets are used to […]
‘s unemployment 4.2-pct in first quarter 2016
Sep 13, 2016 (LBO) – Sri Lanka’s unemployed is estimated as 349,686 during the first quarter 2016 and the unemployment rate was 4.2 percent, marginally down from the average 4.6 percent in 2015. According to the latest data the estimated economically active population is about 8.3 million in the first quarter, of which 63.3 percent […]
Sri Lankan exporters showcase at 13th China Asean Expo
Sep 13, 2016 (LBO) – Twenty five Sri Lankan exporters have represented the island at the 13 CAEXPO (China-ASEAN Expo) in Guangxi, China, as a special guest country. “We believe that Sri Lanka can showcase its products to China in a big way at 13th CAEXPO-more importantly it is an opening to ASEAN importers,” Rishad […]
Japan provides school meals in Northern Sri Lanka through WFP
Sept 13, 2016 (LBO) – The Government of Japan will provide 230 million Japanese Yen (330 million rupees) as food grant assistance to Sri Lanka for school meals in the Northern Province through World Food Programm’s Food Assistance Program. From 2012 to 2015, the Government of Japan has provided food grant assistance amounting to 740 […]
‘s dovish comments
TOKYO, Sept 13 (Reuters) – Asian stocks rose early on Tuesday, boosted as Wall Street rallied overnight after Federal Reserve Board Governor Lael Brainard brought relief to risk asset markets by reducing prospects of a near-term interest rate hike. The dollar, on the other hand, nursed losses against its peers after Brainard reiterated her dovish […]
CCC proposes amendments to Sri Lanka’s customs ordinance
Sep 12, 2016 (LBO) – The Ceylon Chamber of Chamber has made several proposals for the amendment of Sri Lanka’s Customs Ordinance. The Import Section of the CCC organized a seminar to discuss the proposed new customs law and the change in the current customs ordinance focusing on areas such as how the new law […]
Sri Lanka Sampath Bank gets new MD
Sep 09, 2016 (LBO) – Sampath Bank Sri Lanka named Nanda Fernando as it’s new Managing Director following the retirement of Aravinda Perera. Nanda Fernando was Chief Operating Officer of the bank and has been with the bank since its founding, the bank said in a stock exchange filing. He will assume duties from 13 […]
Huawei introduces new MediaPads
(PRESS RELEASE) – Huawei the fastest growing smartphone brand in Sri Lanka, has introduced a series of MediaPads expanding its portable computer tablets product portfolio in Sri Lanka. The products available in the market are the MediaPad T1-7”, MediaPad T1-10” and the MediaPad M2 8.0 with an excellent price ranging from LKR 16,999, 33,499 and […]
Asian shares slip after ECB disappointment, oil jumps
TOKYO, Sept 9 (Reuters) – Asian shares slipped and global bonds came under pressure on Friday after the European Central Bank left markets in the dark on what future easing steps it may take, while oil prices jumped on an unexpected drawdown in U.S. stockpile. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 […]
Asia shares, bonds spooked by central bank risks
SYDNEY, Sept 12 (Reuters) – Asian shares skidded on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. Reports that the Bank of Japan was considering ways to steepen the Japanese yield curve, along with speculation that central […]