Category: Economy and Markets
Treasury has paid last year dues of Rs.84 bn for various projects
Apr 25, 2019 (LBO) – The Treasury has paid off Rs.84,461 million which were due by December 31, 2018, for various programmes and projects implemented under different Government ministries and institutions. Statement from the Finance Ministry Earlier, Treasury had been informed that Rs.99,415 million was due at December 31, 2018, for completing various projects undertaken […]
Fitch says borrowing risks raised due to attacks
Apr 25, 2019 (LBO) – Fitch Ratings issuing a statement said that the aftermath of the Easter Sunday attacks will undermine tourism earnings and pose additional external financing risks for Sri Lanka. The international ratings agency releasing a short update warned that Sri Lanka, which already has high levels of debt repayments till about 2022, could have […]
SL Fin Min says economy resilient will withstand negative impacts from terror attacks
Apr 25, 2019 (LBO) – Sri Lanka’s Finance Minister says that the islands strong economic fundamentals will be able to support resilience to withstand the economic impact. “We had laid a sound foundation for the economy to withstand shocks of the nature that we faced on Sunday,” Mangala Samaraweera, Minister of Finance said addressing parliament. “Nonetheless, there will […]
‘s Easter terror
April 24, 2019 (LBO) – Sri Lanka’s stocks seemed to find their footing by the close of today’s trading with the major indices finishing slightly up on relatively heavy volume. Most of the day’s trading was centered around market heavyweight John Keells Holdings (JKH), which traded close to 1% of its total outstanding shares worth […]
We are ready to welcome visitors from tomorrow: The Kingsbury Colombo
Apr 24, 2019 (LBO) – The Kingsbury Colombo said that they are ready to welcome visitors to the hotel from tomorrow and that the security in the premises and the periphery of the hotel has been strengthened in coordination with state authorities. Statement to Media Colombo, April 24, 2019: Recent events have been deeply disturbing however […]
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April 24, 2019 (LBO) – Sri Lanka’s stocks opened flat on the second day of trading after the country’s devastating Easter Sunday terror attacks. Trading turnover stands at over Rs1.2bn, already surpassing yesterday’s total as the bourse tries to find its footing. Most of the trading today has initially been in shares of market bellwether […]
“Dialogue with Public Listed Companies” postponed: SEC
The Securities and Exchange Commission of Sri Lanka (SEC), has postponed the “Dialogue with Public Listed Companies” scheduled for Thursday 25th April, 2019, at the Hilton Colombo, and places on record its appreciation of the time taken by many listed entities to write in confirming attendance and for conveying topics they wished to discuss as […]
Sri Lanka stock market operations to resume from Tuesday
Apr 22, 2019 (LBO) – Colombo Stock Exchange in consultation with the Securities and Exchange Commission of Sri Lanka announced that the trading and related market operations will resume from Tuesday the 23rd of April 2019.Accordingly, the pre-open session (Open Auction Call) on 23rd April 2019 will be from 9.00 a.m. to 10.30 a.m. and Regular […]
Kavan Ratnayaka appointed Chairman of National Development Bank
Apr 18, 2019 (LBO) – An Independent Director of National Development Bank (NDB), Kavantissa Danudra Weerawardene Ratnayaka has been appointed as the new Chairman of the Board of Directors of NDB with effect from today. The appointment came after the retirement of Ananda Wijetilaka Atukorala from the Chairmanship of National Development Bank with effect from […]
Google, Apple removes TikTok from app stores in India after ban
Apr 18, 2019 (LBO) – South Indian state of Tamil Nadu has requested Google and Apple to take down the Chinese-owned Tiktok video sharing app from their app stores. The move follows a ruling by the Madras High Court, which ordered its removal from app stores saying it encourages pornography and warning that sexual predators […]
Mangala PB Yapa appointed new Chairman of Board of Investments
Apr 11, 2019 (LBO) – Mangala PB Yapa has been appointed as the new Chairman of the Board of Investment of Sri Lanka, President’s Media Division said in a statement. According to the statement, he has received his appointment letter from President Maithripala Sirisena at the Presidential Secretariat this morning. He assumed duties as the 22nd […]
Central Bank launches roadmap for sustainable finance in Sri Lanka
Apr 11, 2019 (LBO) – Central Bank of Sri Lanka launched a Roadmap for Sustainable Finance in Sri Lanka on 10 April 2019 at the Sustainable Banking Network Global Meeting of the International Finance Corporation (IFC) in Washington.This Roadmap provides a broad direction to financial regulators and financial institutions to effectively manage environmental, social and governance (ESG) […]