ECONOMYNEXT - Debt issues of up to 20 billion rupees of two state-controlled listed companies, Sri Lanka Telecom and People's Leasing and Finance, and private bank Nations Trust will open on 11 April two days prior to the Sinhala and Tamil New Year, the Colombo Stock Exchange said. The stock exchange on Friday said it approved the three debenture issues which will be … [Read more...] about Sri Lanka listed firms seek Rs27bn in debt ahead of New Year
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UNP and SLFP Transition Blues- I
Amidst so many stories about the ever - exciting twists and turns in the crisis faced by our Government, we seem to ignore so many other significant political questions. One such question is: what is happening in Sri Lanka’s political parties? As visible from the unfolding power struggles, Sri Lanka’s two main parties – the United National Party (UNP) and the Sri Lanka Freedom … [Read more...] about UNP and SLFP Transition Blues- I
New German industry office opens in Colombo
By Quintus PereraView(s): An office titled the “Delegation of German Industry and Commerce in Sri Lanka” was opened in Colombo on Tuesday with Malik Samarawickrama, Minister of International Trade; Dr. Martin Wansleben, CEO, Association of German Chambers of Commerce and Industry and Jorn Rohde, German Ambassador in Sri Lanka, in attendance. Dr. Wansleben said that … [Read more...] about New German industry office opens in Colombo
Sri Lanka’s Dialog mobile wallets topped up from bank accounts
ECONOMYNEXT - Sri Lanka's Dialog Axiata said its mobile wallets could now be topped up from bank accounts, taking the country closer towards cashless transactions."Currently all banks integrated with JustPay platform of Lanka Clear will be accessible for eZ cash top-up," Dialog said."The feature is facilitated by LankaClear, a company co-owned by the Central Bank of Sri Lanka … [Read more...] about Sri Lanka’s Dialog mobile wallets topped up from bank accounts
Ranil vetoes no-confidence move against Sri Lanka President loyalists
ECONOMYNEXT – Prime Minister Ranil Wickremesinghe has vetoed a move by his United National Party (UNP) backbenchers to oust six Sri Lanka Freedom Party (SLFP) ministers loyal to President Maithripala Sirisena, the government said.The UNP on Friday gave notice of a motion of no-confidence against ministers Susil Premajayantha, John Seneviratne, Anura Yapa, Dayasiri Jayasekara, … [Read more...] about Ranil vetoes no-confidence move against Sri Lanka President loyalists
Sri Lanka exports up 11.6-pct in Jan 2018, trade gap rise on financial inflows
ECONOMYNEXT - Sri Lanka's exports rose 11.6 percent to 965.4 million dollars in January 2018, and the imports rose 12 percent to 2,014 billion US dollars, driven by rising incomes from labour tourism exports and higher financial sector inflows, official data showed.Textile and apparel exports rose 20 percent to 434.8 million dollars in January 2018 from a year earlier, with … [Read more...] about Sri Lanka exports up 11.6-pct in Jan 2018, trade gap rise on financial inflows
Maithri offers olive branch to warring MPs
Hot on the heels of the defeat of the No-Confidence Motion against the Premier, President Maithripala Sirisena yesterday invited all Members of Parliament to extend their support to strengthen the Government to usher rapid development in the interest of the country and people.Source link … [Read more...] about Maithri offers olive branch to warring MPs
International donors to plough billions into Lebanon – Daily Mirror
Lebanese Prime Minister Saad Hariri (L) is welcomed by France’s Foreign Minister Jean-Yves Le Drian as they attend the international CEDRE conference in ParisAFP: International donors are set to pledge billions of dollars in aid and development loans for Lebanon at a conference in Paris yesterday, hoping to stave off an economic and humanitarian crisis.Lebanon’s economic … [Read more...] about International donors to plough billions into Lebanon – Daily Mirror
Rupee firms on exporter dollar conversions, remittances – Daily Mirror
REUTERS: The Sri Lankan rupee ended stronger yesterday on exporter dollar conversions, inward remittances and foreign buying of government securities, as Prime Minister Ranil Wickremesinghe surviving a no-confidence motion earlier this week boosted sentiment, dealers said. Wickremesinghe won a no-confidence vote in parliament late on Wednesday as a majority of legislators … [Read more...] about Rupee firms on exporter dollar conversions, remittances – Daily Mirror
New board brings new hopes for SriLankan – Daily Mirror
New director board hopes to return the airline to black within 3 years Currently studying restructuring plans by airline consultant Nyras Implies focus now is on breaking even and not finding strategic partners Says negotiating directly with Airbus to cancel orders for A350s From left: National Public Private Partnership Agency Chairman Thilan Wijesinghe, SriLankan … [Read more...] about New board brings new hopes for SriLankan – Daily Mirror
