Tag: Sri Lanka

Sep 25, 2014 (LBO) -Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies in the region move ahead with structural reforms, says a new Asian Development Bank (ADB) report. Slowing external demand has hurt some economies in the region but as a whole Asia and the […]

Sep 24, 2014 (LBO) – The State of Qatar asks Sri Lanka’s supports towards its request to the World Trade Organization to deem natural gas and its derivatives as environmentally-friendly products, a media released issued by Ministry of economy and commerce said. We also look forward to more of Sri Lankan private sector contribution in […]

Sep 23, 2014 (LBO) Sri Lanka economy recorded 7.8 percent of gross domestic product growth in the second quarter 2014 compared to the 7.6 percent reported in the first quarter of this year which led by performance in the industry sector, while the agriculture and the services sectors accompanied, the Central Bank said in its […]

Sep 22, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal is to answer question from public on 24th Wednesday 2014 via twitter, a social network, a statement said.The live Q n A session will start at 10 am to 11 am (SL time) via twitter account of #askcbsl.

September 19, 2014 (LBO) – Sri Lanka cabinet has given approval to establish a Human Heart Valve bank at a cost of 30 million rupees to provide cardiac valves and tissues necessary for valve replacement and repair of some of the congenital and acquired heart diseases. The proposal was submitted to the cabinet by Maithripala […]

September 18, 2014 (LBO) – Sri Lanka and China in talks to finalise a free-trade agreement which would bring substantial economic and trade benefits to the two countries, with both governments expressing hope that the deal will be implemented at an early date. China is the second largest economy in the world has reached a […]

Sep 17, 2014 (LBO)-The Government of Sri Lanka reduced the prices of fuel and electricity tariff with effect from midnight yesterday, a media report said.President Mahinda Rajapaksa announced the reduction of prices at the inauguration of Unit II of the Norochcholai Power Plant, together with Chinese President Xi Jinping. Price of a liter of petrol […]

Sep 16, 2014 (LBO) –Sri Lanka’s Lanka Orix Leasing Company acquired a 60 percent stake in Thaneakea Phum Cambodia (TPC) a microfinance company in Cambodia, for 20.3 million US dollars, identifying the immense potential in emerging economies of the South East Asian region the company said in a media release. The LOLC Group’s business expansion […]

Sep 16, 2014 (LBO) – Sri Lanka’s gross domestic product was up 7.8 percent in the second quarter of 2014 compared to 7.6 percent in the same period last year, the state statistics office said. The total economic output in Sri Lanka, measured by the Gross Domestic Product for the second quarter 2014 (April, May, […]

Sep 13, 2014 (LBO) – Sri Lanka’s Employee’s Provident Fund’s unrealized profits of the share portfolio passed 10 billion rupees on September this year, Central Bank said in a media release. Realized capital gains and dividends have amounted to 3.4 billion rupees to data this year. During the first half of 2014, there were allegations […]

Sept 10, 2014 (LBO) – Sri Lanka’s Orient Garments Ltd, a listed apparel exporter is to raise 824 million rupees through a right issue of 54.91 million ordinary shares at 15 rupees each, the company said in an announcement of Colombo Stock Exchange. The current stated capital of the company is 90.48 million rupees represented […]