Fishing For Sustainable Profits in the Northern Province
By Jekhan Aruliah I have so often heard from well meaning cash rich Diaspora that they can’t find sensible investment opportunities in the North. As the Good …
Economy & Markets
кракен ссылкакракен ссылка
kraken darknetkraken darknet
Sri Lanka inflation increased to 3.6-pct in April
May 22, 2019 (LBO) – Headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 3.6 percent in April from …
CBSL intends to cut ownership limits of LFCs to 25-pct; invites stakeholder inputs
May 22, 2019 (LBO) – Sri Lanka’s Central Bank invites stakeholders to submit observations on the drafted master plan that intends to introduce ownership …
Hayleys revenue up 34-pct YoY to Rs.219Bn in FY 18/19
May 22, 2019 (LBO) - Sri Lanka's Hayleys PLC, group revenue expanded by 34 percent yoy to 219 billion rupees while operating profit before interest increased …
Ceylinco Life investment income grows by 16-pct to Rs.2.9Bn in Q1 2019
May 21, 2019 (LBO) - Steady growth of its life insurance business and strong investment gains have enabled Ceylinco Life to generate total income of 7.17 …
Sri Lanka unemployment up to 4.6-pct in Q4 2018
May 21, 2019 (LBO) - The number of unemployed persons is estimated as 389,406 during the fourth quarter 2018 or 4.6 percent, up from 4.0 percent a year ago, …
Sri Lanka official reserves fall to USD 7.2bn by end April; YTD rupee appreciation 3.7-pct
May 18, 2019 (LBO) – Sri Lanka’s gross official reserves were 7,212.7 million US dollars by the end of April, down from 7,621. online pharmacy buy abilify …
Foreigners sell Sri Lanka’s stocks as EPF enters the market
May 17, 2019 (LBO) - Foreign institutional investors were net sellers of Sri Lankan equities for the past three consecutive days as the country's largest …
Sri Lanka bombings increase economic, external risks; IMF key: Fitch Ratings
May 17, 2019 (LBO) – The tragic Easter bombings in Sri Lanka will result in lower economic growth this year and could increase external financing pressures, …
CBSL to resume FX purchases to rebuild net intl reserves to USD6.9bn by end Dec
May 17, 2019 (LBO) – Sri Lanka’s Central Bank said it is committed to rebuild reserves and allow the exchange rate to function as the first line of defense …
Sri Lanka projected to grow 3.6-pct in 2019; reach 5-pct over medium term: IMF staff report
May 17, 2019 (LBO) – Sri Lanka’s economic growth is projected to recover to 3.6 percent in 2019, and gradually reach 5 percent over the medium-term, with …
Haycarb 2018/9 turnover Rs.20.9Bn: Raw material cost impacts negatively
May 16, 2019 (LBO) - Haycarb PLC reported revenue of 20.9 billion rupees, profit before tax of 1.35 billion rupees and profit after tax of 1.08 billion rupees …
IMF approves extension & USD164mn disbursement; grants waivers to Sri Lanka for performance criteria
May 14, 2019 (LBO) – The Executive Board of the International Monetary Fund has completed the fifth review of Sri Lanka’s economic performance under the …
Foreigners flee Sri Lankan bonds with Rs11bn outflows this week
May 10, 2019 (LBO) - Foreign institutional selling of Sri Lanka's government bonds picked up pace in the past week with approximately Rs11bn (US$60mn) of net …
Rs.1.36Bn takeover of People’s Merchant Finance by Sterling Capital
May 09, 2019 (LBO) - Sterling Capital Investments has completed a 1.36 billion rupee takeover of People’s Merchant Finance (PMF), a statement said. online …
Govt announces debt relief for tourism sector
May 08, 2019 (LBO) - Sri Lanka's government and cabinet yesterday gave a heads up for a ‘relief package’ to strengthen the tourism industry affected by the …
SriLankan Airlines appoints a new CCO and CFO
May 07, 2019 (LBO) - SriLankan Airlines has appointed Joshua Bustos as its chief commercial officer and Shaminda Samaraweera as its chief financial officer …
Sri Lanka tourist arrivals decline 7.5- pct in Apr 2019 : Q1 up 2.2-pct
May 07, 2019 (LBO) - Sri Lanka's tourist arrivals declined 7.5 percent during April 2019, latest data from the Tourisum Ministry show. However, a growth of 2.2 …
EFL 3PL looks towards Bots and RPA to stay ahead of logistics game
May 06, 2019 (LBO) - Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of transformative …
5G not powerful, it’s ordinary technology, US politicians exaggerated its role: Huawei
May 06, 2019 (LBO) - Huawei Technologies Co. founder Ren Zhengfei recently pointed out that 5G is not that powerful and is just an ordinary technology, whilst …