Tag: lbo
Sri Lanka Sampath Bank gets new MD
Sep 09, 2016 (LBO) – Sampath Bank Sri Lanka named Nanda Fernando as it’s new Managing Director following the retirement of Aravinda Perera. Nanda Fernando was Chief Operating Officer of the bank and has been with the bank since its founding, the bank said in a stock exchange filing. He will assume duties from 13 […]
Huawei introduces new MediaPads
(PRESS RELEASE) – Huawei the fastest growing smartphone brand in Sri Lanka, has introduced a series of MediaPads expanding its portable computer tablets product portfolio in Sri Lanka. The products available in the market are the MediaPad T1-7”, MediaPad T1-10” and the MediaPad M2 8.0 with an excellent price ranging from LKR 16,999, 33,499 and […]
Asian shares slip after ECB disappointment, oil jumps
TOKYO, Sept 9 (Reuters) – Asian shares slipped and global bonds came under pressure on Friday after the European Central Bank left markets in the dark on what future easing steps it may take, while oil prices jumped on an unexpected drawdown in U.S. stockpile. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 […]
Asia shares, bonds spooked by central bank risks
SYDNEY, Sept 12 (Reuters) – Asian shares skidded on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. Reports that the Bank of Japan was considering ways to steepen the Japanese yield curve, along with speculation that central […]
Maldives calls Sri Lanka to bid for housing, hospitals and power projects
Sep 08, 2016 (LBO) – The Maldivian High Commissioner in Sri Lanka Zahiya Zareer has invited Sri Lankan firms to invest in development projects in Maldives. “We are opening big projects for international bidding, such as airport development, housing, hospitals and renewable power projects’,” she said. “Even now there are big Sri Lankan Companies operating […]
Emirates extends Facebook competition in Sri Lanka
(PRESS RELEASE) – Emirates has announced an extension of its competition currently on Facebook exclusively for fans in Sri Lanka, to enable more people to participate and stand a chance to win an exciting visit to Dubai. The competition invites participants to tell Emirates in 35 words or less, why they want to visit Dubai. […]
Asia shares near 1-year top, await China trade data, ECB
SYDNEY, Sept 8 (Reuters) – Asian shares hovered near one-year peaks on Thursday as investors awaited Chinese trade data and a policy meeting by the European Central Bank, where it may announce an extension of its asset buying campaign. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent, but that followed four days […]
Sri Lankan rupee steady as dollar sales offset importer demand
COLOMBO, Sept 7 (Reuters) – The Sri Lankan rupee traded steady on Wednesday as dollar sales by exporters and banks to convert inward remittances offset the demand from importers for the greenback, dealers said. The spot rupee was flat at 145.43/45 per dollar at 0535 GMT, compared with Tuesday’s close of 145.43/48. One-week rupee forwards […]
Sri Lanka CDS signs MoU with Pakistani counterpart
Sep 07, 2016 (LBO) – Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), has signed a memorandum of understanding to strengthen cooperation on mutual development and knowledge sharing with the Central Depository Company of Pakistan. “The MoU indicates the continued commitment of the CDS to enhance cooperation within depositories […]
Secretary of the Ministry calls in High Commissioner of Malaysia
(Press Release) – The Secretary of the Ministry of Foreign Affairs called in the High Commissioner of Malaysia to the Ministry of Foreign Affairs to express the condemnation of the Government of Sri Lanka, on the assault carried out by a group of persons yesterday Sunday 4 September 2016, on Sri Lanka’s High Commissioner to […]
WHO certifies Sri Lanka malaria-free
(PRESS RELEASE) – Colombo, 5 September 2016: In a remarkable public health achievement, Sri Lanka was today certified by WHO on having eliminated malaria, a life-threatening disease which long affected the island country. “Sri Lanka’s achievement is truly remarkable. In the mid-20th century it was among the most malaria-affected countries, but now it is malaria-free. […]
Finance Ministry to facilitate purchasing system for farmers
Sep 06, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government has taken steps to drive the traditional agriculture based economy into manufacturing economy with foreign investments that create one million job opportunities in times to come. “It is needed to shift the policy of protectionism given for agricultural produce into […]