Tag: lbo
Sri Lanka opposition says will reverse casino tax holidays
Oct 15, 2013 (LBO) – Sri Lanka stands to lose about 120 billion rupees a year from gaming revenues from planned casinos and taxes will be imposed if the opposition comes to power, a legislator said.John Keells Holdings has not asked for a tax holiday for gaming revenues, he said. De Silva said even if […]
Sri Lanka think tank releases policy report
Oct 15, 2013 (LBO) – Sri Lanka’s Institute of Policy Studies has released its annual ‘State of the Economy’ policy report. This year’s report ‘Sri Lanka’s Transition to a Middle Income Economy.’ The report covers areas of international trade, exports, state investments and spending and other policy issues. A full statement on the report released […]
US trio win Nobel Economics Prize for asset price work
STOCKHOLM, October 14, 2013 (AFP) – US trio Robert Shiller, Eugene Fama and Lars Peter Hansen won the Nobel Economics Prize on Monday for groundbreaking work on spotting trends in markets, the jury said. It was established in 1968 by the Swedish central bank to celebrate its tricentenary, and first awarded in 1969.The other prizes […]
”’ target foreign miners in rising nationalism
ULAN BATOR, October 10, 2013 (AFP) – A silver swastika hanging around his neck, Boldbaatar Gombodorj points out his targets on a map of Mongolia like a World War II commander: little flags representing foreign mining firms that he and fellow “eco-Nazis” accuse of destroying their country.Mongolia’s mining boom has brought the vast, sparsely populated […]
Sri Lanka growth encouraging, forces in equilibrium: CB Governor
Oct 10, 2013 (LBO) – Sri Lanka’s central bank is encouraged by economic activity so far and the focus is shifting to the next year, Governor Nivard Cabraal said.Consumer prices rose 6.2 percent in the year to September, slowing from a month earlier and the widely watched Colombo Consumer Price Index fell absolutely during the […]
Sri Lanka Commonwealth meet targets US$2bn in investments: official
Oct 09, 2013 (LBO) – A business forum coinciding with the Commonwealth Heads of Government Meeting (CHOGM) in Sri Lanka is targeting about 2 billion US dollars of investment leads, an official said.Foreign minister G L Pieris said Sri Lanka was showcasing its advantages of location, free trade deals with key economies and human resources […]
Canada threatens to pull Commonwealth funding
NUSA DUA, October 8, 2013 (AFP) – Canada’s Prime Minister Stephen Harper has threatened to withdraw funding for the Commonwealth in an escalating row over rights abuses by Sri Lanka ahead of a summit next month.Harper confirmed late Monday that he was boycotting the November 15-17 summit in Colombo, citing “the absence of accountability for […]
‘s new PM to head to Commonwealth despite boycott call
NUSA DUA, October 7, 2013 (AFP) – Australia’s new prime minister said Monday he would attend a Commonwealth summit next month despite calls for a boycott over the human rights record of host Sri Lanka.The Gambian government announced last week that the former British colony was pulling out of the Commonwealth with immediate effect, saying […]
Sri Lanka rescues Australia-bound boatpeople
COLOMBO, October 4, 2013 (AFP) – Sri Lanka’s navy has rescued 70 would-be illegal immigrants drifting on the high seas in the country’s first detected case of people-smuggling since Australia tightened restrictions on asylum-seekers, officials said Friday.A naval craft picked up the Sri Lankans, including 17 women and 14 children, who had been drifting for […]
Sri Lanka urban price index up 9.7-pct in September
Oct 04, 2013 (LBO) – Consumer prices in Sri Lanka’s urban centres rose 9.7 percent in the 12-month to September slowing from 9.9 percent in August, an index compiled by private citizens showed. The CAL Urban Price Index, compiled by CAL Research, a Colombo based equity research house, fell 1.8 percent in the month with […]
Sri Lanka future ready enterprise summit kicks off
Oct 04, 2013 (LBO) – A high level conference on building ‘future ready enterprises’ kicked off in Colombo where over 40 resource persons from Sri Lanka and the region are sharing their knowledge and debate issues.Readers of LBO can participate live by at this link. http://www. “The areas of discussion are not what one commonly […]
Sri Lanka to grow 6.8-pct in 2013, inflation 7.0-pct: ADB
Oct 03, 2013 (LBO) – Sri Lanka’s economy is forecasted to grow 6.8 percent in 2013 and inflation would be 7.0 percent, the Asian Development Bank said in revised projections released this week. “Foreign holdings of government securities dipped in late August, which further weakened the rupee by 5 percent against the US dollar from […]