Tag: lbo
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 […]
‘s CSE removes share transaction levy
Dec 31, 2015 (LBO) – Sri Lanka’s Colombo stock exchange’s share transaction levy of 0.3 percent will be removed with effect from 1 January 2016, a statement said.“The proposal was announced in the government’s 2016 budget presented to parliament in November aimed at encouraging share market trading,” a stock exchange filling said.Under the new fee […]
Sri Lanka stocks close up 0.3-pct
Dec 31, 2015 (LBO) – Sri Lankan stocks closed up at 0.35 percent with gains in some banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed higher at 23.87 points at 6,894.50 up 0.35 percent. S&P SL20 closed 29.00 points up at 3,634.07 up 0.80 percent. Turnover was at 326 million […]
Sri Lanka govt in informal consultation with IMF: CB Governor
Dec 31, 2015 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran said that they are examining the possibilities of an International Monetary Fund (IMF) loan facility next year. “Yes we are examining the possibilities and the government are in informal consultation with the IMF,” Mahendran said. “A team is due here for regular discussions […]
Sri Lanka has had wrong policy in transport: Eran
Dec 31, 2015 (LBO) – Sri Lanka has had wrong policy in encouraging private transport and congesting the roads, making it inefficient and polluting the environment, a deputy minister said.“As you can see we have too many vehicles on the roads,” Eran Wickramaratne, deputy minister, State Enterprise Development said.“The biggest frustration when you land at […]
Megapolis plan presented to President, USD 30bn worth investments in pipeline
Dec 31, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena was presented with the new government’s Megapolis Plan formulated to develop the island’s Western Province by Minister Champika Ranawaka on Wednesday.Minister of Megapolis and Western Development, Champika Ranawaka said Sri Lanka will be able to get about 30 billion dollars worth investments within next 10 […]