Tag: lbo.lk
Sri Lanka can’t continue as low income country: PM
Jan 08, 2015 (LBO) – Sri Lanka should take note of global economic conditions and its own shortcomings which will enable the island to become a high income nation in the region, Prime Minister Ranil Wickramasinghe said. “Sri Lanka has a unique chance to go on a unique journey after the end of a decade’s […]
‘s BOI gets new DG
Jan 08, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed Duminda Ariyasinghe, as its new Director General, a statement said. Ariyasinghe, who joined the BOI in 2005 has specialized in Investment Promotion, Investment Appraisal, Project Implementation and Monitoring/After-care functions. He has managed Strategic Development Projects with large FDI such as the Shangri-La […]
Sri Lanka stocks close at 18-month low
Jan 07, 2016 (LBO) – Sri Lankan stocks closed down at 0.62 percent for a fourth consecutive day with some index heavy and banking stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower at 42.38 points at 6,775.27 down 0.62 percent. S&P SL20 closed 26.73 points down at 3,546.45 down […]
‘s Treasury bill yields up across the board
Jan 06, 2015 (LBO) – Sri Lanka’s Treasuries yields were up with the 12-month yield rose 12 basis points to 7.42 percent at Wednesday’s auction, as statement said. 6 month bills rose 10 basis points to 6.93 percent while the 3-month yield rising 14 basis points to 6.59 percent, data from the state debt office […]
Sri Lanka stocks close down 0.4-pct: Foreign participation 83-pct
Jan 05, 2016 (LBO) – Sri Lankan stocks closed down at 0.43 percent for a third consecutive day with losses in illiquid stocks, brokers said. The Colombo benchmark All Share Price Index closed lower at 27.65 points at 6,817.65 down 0.40 percent. S&P SL20 closed 13.07 points down at 3,573.18 down 0.36 percent. Turnover was […]
Sri Lanka real estate brokers, agent certification should be formalized: RIU
Jan 06, 2016 (LBO) – Sri Lanka’s real estate brokers and agents need to professionalize their services and initiatives to bring about change in the sector, a recent report says. “Sri Lanka does not have a formal system of registration of certification for real estate brokers and agents,” Research Intelligence Unit, a firm which specialize […]
Sri Lanka stocks close down 0.3-pct
Jan 05, 2016 (LBO) – Sri Lankan stocks closed down at 0.33 percent with losses in index heavy and some banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed lower at 22.32 points at 6,845.30 down 0.33 percent. S&P SL20 closed 8.19 points down at 3,590.69 down 0.23 percent. Turnover was […]
Sri Lanka’s water, petroleum to be brought under power regulator, PUCSL
Jan 05, 2016 (LBO) – Sri Lanka’s water and petroleum sectors will be regulated by the Public Utilities Commission of Sri Lanka (PUCSL), a statement said. “The PUCSL would be given regulatory powers over the water services industry and petroleum industry enabling a more cost reflective transparent pricing mechanism,” the commission said in […]
‘s CB to take-over Entrust Securities
Jan 04, 2015 (LBO) – Sri Lanka’s Central Bank is to take-over Entrust Securities Plc, primary dealer in government securities if the company fails to submit a viable restructuring plan today, Governor Arjuna Mahendran said. If a re-structuring plan is not submitted by 6 p.m today the company will be taken-over to protect the government securities market and […]
‘s CB to remove restrictions on withdrawals from NRFC/RFC accounts
Jan 04, 2016 (LBO) – Sri Lanka’s Central Bank is to remove restrictions on foreign currency withdrawals from foreign currency bank accounts by the end of the week, Governor Arjuna Mahendran said. “By the end of the week we hope to remove restrictions on money withdrawals from foreign currency bank accounts such as Non- Resident Foreign […]
PM calls on all to join country’s growth drive
Jan 04, 2015 (LBO) – Prime Minister, Ranil Wickremesinghe in his new-year message called on all Sri Lankan’s to join the government in its march towards rapid development. “We want to see a rapid development drive in the country, our aim is to develop the country from the Western Province to Trincomalee on one side […]
Tourist arrivals in Sri Lanka up 17.8-pct in 2015
Jan 04, 2015 (LBO) – Tourist arrivals to Sri Lanka were up 17.8 percent with 1.8 million visitors recorded in 2015, the tourism office said. December arrivals grew 15.4 percent to 206,114 from a year ago with total annual arrivals at 1,798,380, provisional data from the tourism office showed. Indian arrivals grew 30.3 percent to […]