Tag: lbo.lk
Asia shares near 1-year top, await China trade data, ECB
SYDNEY, Sept 8 (Reuters) – Asian shares hovered near one-year peaks on Thursday as investors awaited Chinese trade data and a policy meeting by the European Central Bank, where it may announce an extension of its asset buying campaign. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent, but that followed four days […]
Sri Lankan rupee steady as dollar sales offset importer demand
COLOMBO, Sept 7 (Reuters) – The Sri Lankan rupee traded steady on Wednesday as dollar sales by exporters and banks to convert inward remittances offset the demand from importers for the greenback, dealers said. The spot rupee was flat at 145.43/45 per dollar at 0535 GMT, compared with Tuesday’s close of 145.43/48. One-week rupee forwards […]
Sri Lanka CDS signs MoU with Pakistani counterpart
Sep 07, 2016 (LBO) – Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), has signed a memorandum of understanding to strengthen cooperation on mutual development and knowledge sharing with the Central Depository Company of Pakistan. “The MoU indicates the continued commitment of the CDS to enhance cooperation within depositories […]
Secretary of the Ministry calls in High Commissioner of Malaysia
(Press Release) – The Secretary of the Ministry of Foreign Affairs called in the High Commissioner of Malaysia to the Ministry of Foreign Affairs to express the condemnation of the Government of Sri Lanka, on the assault carried out by a group of persons yesterday Sunday 4 September 2016, on Sri Lanka’s High Commissioner to […]
WHO certifies Sri Lanka malaria-free
(PRESS RELEASE) – Colombo, 5 September 2016: In a remarkable public health achievement, Sri Lanka was today certified by WHO on having eliminated malaria, a life-threatening disease which long affected the island country. “Sri Lanka’s achievement is truly remarkable. In the mid-20th century it was among the most malaria-affected countries, but now it is malaria-free. […]
Finance Ministry to facilitate purchasing system for farmers
Sep 06, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government has taken steps to drive the traditional agriculture based economy into manufacturing economy with foreign investments that create one million job opportunities in times to come. “It is needed to shift the policy of protectionism given for agricultural produce into […]
Sri Lanka tourist arrivals up 11.8-pct in Aug 2016, China tops India
Sep 07, 2016 (LBO) – Tourist arrivals to Sri Lanka rose 11.8 percent in August to 186,288 visitors compared with the same month last year, official data show. Arrivals during the first eight months of the year were up 16 percent to 1,359,906 visitors. China continued it’s upward trend in August for a second consecutive […]
Asia stocks at 1-year high as soft US data quells Fed hike talk
TOKYO, Sept 7 (Reuters) – The dollar took a tumble and Asian stocks rose to one-year highs on Wednesday after surprisingly weak U.S. services sector activity put paid to already slim chances of an interest rate hike by the Federal Reserve as early as this month. MSCI’s broadest index of Asia-Pacific shares outside Japan rose […]
‘s Distilleries approves Melstacorp as holding company of group
Sep 07, 2016 (LBO) – Shareholders of the Distilleries Company (DCSL) at an Extraordinary General Meeting approved the special resolution to make Melstacorp Ltd the holding company of the group yesterday. The resolution was approved with 99.9987 percent voting for and 0.0013 percent voting against. The EGM was convened on the orders of the Commercial […]
Sri Lankan rupee firmer on dollar sales by exporters, banks
COLOMBO, Sept 6 (Reuters) – The Sri Lankan rupee edged up on Tuesday as dollar sales by exporters and banks on behalf of foreign investors to buy government securities helped the currency amid a lack of demand from importers for the greenback, dealers said. The spot rupee was at 145.43/48 per dollar, slightly firmer compared […]
‘s Lagarde urges action to deliver on G20’s Hangzhou commitments
Sept 06, 2016 (LBO) – Christine Lagarde, Managing Director of the International Monetary Fund (IMF), called on the leadership of the Group of 20 (G20) to implement plans for economic growth through monetary, fiscal and structural adjustments, and for the wider sharing of this growth, after Summit in Hangzhou, China. “I would like to warmly […]
IFC ready to finance Sri Lankan private sector projects
Sep 01, 2016 (LBO) – The International Finance Corporation, a part of the World Bank group, is ready to finance Sri Lanka’s private sector projects by providing mid to long term loans through a multiple of financing methods, an official said. “The loan component for potential partners would start from around 3 million US dollars […]