Sri Lanka tea sees better demand at auction

Jul 14, 2016 (LBO) – Sri Lankan tea prices rose at this week’s Colombo auction with some prices up by 20-30 rupees, Forbes & Walker Tea Brokers said in their latest report. “Overall quality of teas, both from the Western and Eastern planting districts showed an improvement and consequently recorded a price appreciation of Rs. 20/- […]

UN Secretary General message on World Youth Day

Today’s world has the largest generation of youth in history. Their needs and potential are increasingly recognized in the international community. I am proud to have made youth issues a priority, including by appointing the first-ever Youth Envoy to serve as a liaison between the United Nations and the world’s young people. This elevation on […]

South Korea, Canada holds rates; Malaysia cuts rates 25bps

July 14, 2016 (LBO) – South Korea and Canada have left base rates steady while Malaysia cut its benchmark overnight policy rate by 25 basis points to 3 percent to support steady growth amid stable inflation. It is the first change in rates by Malaysia’s Central Bank since it raised its rate in July 2014 […]

Walkers CML Properties launches Heritage Valley in Kandy

Walkers CML Properties (Private) Limited, a subsidiary of MTD Walkers PLC, together with the Ministry of Public Administration and Management and The Board of Investment of Sri Lanka launched its newest affordable housing project, “Heritage Valley” in Kandy recently. Minister of Public Administration and Management Honourable Ranjith Madduma Bandara laid the foundation stone last week […]

Sri Lanka’s new Ambassador to ASEAN presents Credentials

Sri Lanka’s Ambassador to Indonesia, Dharshana M. Perera presented credentials as Sri Lanka’s Ambassador to ASEAN to Secretary General Mr. Le Luong Minh at the ASEAN Secretariat in Jakarta on 12th July 2016. During the discussion which followed, the ASEAN Secretary General welcomed the accreditation of the Ambassador of Sri Lanka and described it as […]

‘s post-war reconciliation efforts

July 12 (Reuters) – The United States on Tuesday praised Sri Lanka‘s steps taken under a U.N. resolution to address alleged human rights abuses in the final phase of a 26-year war with Tamil Tiger rebels, and said it would do what it could to see through the process. Washington along with other Western nations […]

HSBC partners with GoSL for first dual-tranche sovereign bond issuance

The Central Bank of Sri Lanka (CBSL), on behalf of the Democratic Socialist Republic of Sri Lanka, successfully launched and raised USD1.5 billion in a dual-tranche 5 and 10 year bond. The size of the new 5.5 year bond was USD500 million with a coupon of 5.75% p.a. maturing in 2022. The size of the […]

Trainings to be conducted by CSE on Mobile Trading

The Colombo Stock Exchange (CSE) will be conducting a range of training programmes around the country to educate investors on the use of mobile trading applications. The series of educational events, which will be conducted free-of-charge, will demonstrate how investors could obtain the full benefits of mobile trading. Trainings in Sinhala, Tamil and English mediums […]

US envoy to assess Sri Lanka’s commitments for Human Rights

Assistant Secretary of State for Democracy, Human Rights, and Labor Tom Malinowski will visit Sri Lanka and Cambodia from July 12 to 20, where he will engage with government officials and local civil society representatives. In Sri Lanka, Assistant Secretary Malinowski will focus on Sri Lanka’s continued progress in meeting the commitments made during last […]

US Assistant Secretary Biswal to arrive in Sri Lanka for reconciliation talks

Assistant Secretary of State for South and Central Asian Affairs Nisha Desai Biswal will travel to Sri Lanka this week. Deputy Assistant Secretary for South Asia Manpreet Singh Anand will accompany her. She will travel to Colombo where she will meet with senior government officials, political leaders, and civil society representatives to discuss bilateral economic […]

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