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Domestic LP Gas price revisions allowed

District-wise LPG MRPs too issued The Consumer Affairs Authority (CAA) has sent a Price Determination Notification (PDN) 26 September to the domestic Liquefied Petroleum Gas (LPG) suppliers Litro Gas Lanka and LAUGFS Gas PLC, allowing them to revise their domestic LPG prices.  Accordingly new District-wise LPG Maximum Retail Prices too have now been finalised by…

(0)Comments | September 27, 2017 12:15 pm

Finance Ministry calls for proposals for Budget 2018

Ministry of Finance calls for proposals from all stakeholders including the general masses to be included in the Budget – 2018, to be presented in Parliament in November this year. Since the government has a plan to introduce a successful budget targeting  building a strong Economy, an Enriched country and creation of one million employment…

(0)Comments | September 27, 2017 12:03 pm

Sri Lankan shares edge up from 1-wk low as investors buy blue chips

Reuters – Sri Lankan shares rose on Tuesday for the first time in four sessions, rebounding from a one-week closing low, as investors picked up banking and beverage stocks after the central bank held the policy rates steady. The Sri Lankan central bank on Tuesday held its key rates steady, saying past steps were keeping…

(0)Comments | September 27, 2017 10:53 am

Altair links to the world with Dialog Broadband Fibre

Every apartment to receive state-of-the-art ultra-high-speed connectivity solution Residents of Altair, the inimitable twin tower residential high-rise nearing completion, are to be provided ‘fibre-to-home’ – a state-of-the-art high-speed fibre connectivity solution by Dialog Broadband Networks, under an agreement ratified recently. Encompassing high-speed data services of up to 100 Gbps for Broadband Internet, Wi-Fi and IPTV,…

(0)Comments | September 26, 2017 3:29 pm

Global Trade Rebound Boosts Growth in Asia and the Pacific

HONG KONG, CHINA (26 September 2017) — Growth remains strong across most of developing Asia as a result of the broad-based recovery in global trade, robust expansion in major industrial economies, and improved prospects for the People’s Republic of China (PRC). This will combine to push growth in developing Asia for 2017 and 2018 above…

(0)Comments | September 26, 2017 2:00 pm

Current Monetary Policy Stance Is Appropriate – Monetary Board

Considering developments and outlook in the domestic and international macroeconomic environment, the Monetary Board, at its meeting held on 25 September 2017, was of the view that the current monetary policy stance is appropriate and decided to maintain the policy interest rates of the Central Bank of Sri Lanka at their present levels. Given below are the key…

(0)Comments | September 26, 2017 7:45 am

Sri Lankan shares fall to one-week low as blue chips decline

Reuters – Sri Lankan stocks fell for a third straight session on Monday to a one-week closing low as investors sold shares in market heavyweights ahead of the central bank’s policy rate decision. Sri Lanka’s central bank is expected to keep its key interest rates steady on Tuesday, a Reuters poll showed, to support a…

(0)Comments | September 26, 2017 7:39 am

Sri Lanka in talks with two Chinese firms for $3 billion refinery

Reuters – Sri Lanka is in talks with two Chinese companies about investing up to $3 billion to build in a new refinery at its Chinese-controlled port, a top government official said on Friday. Sri Lanka wants to build a new refinery in its southern Hambantota port, where China Merchants Port Holdings (CMPH) has a…

(0)Comments | September 25, 2017 2:11 pm

Lanka Graphite gets ready to commence graphite production in Sri Lanka

The company is formalising an off-take agreement to supply high grade vein graphite. Lanka Graphite Ltd (ASX:LGR) has been granted its first artisanal mining license (AML) in Sri Lanka to commence small scale graphite production. An AML grants the licensee the exclusive right to mine, process and trade in all minerals specified in the license…

(0)Comments | September 25, 2017 2:04 pm

Jaguar Land Rover Partners Transcend For Shangri-La Hotels

Luxury fleet of 30 Jaguar and Land Rover Vehicles Contracted by Transcend Drive for Shangri-La Hotels   Shangri-La Colombo the second property in Sri Lanka for the luxury Asian hospitality group – joining Shangri-La’s Hambantota Golf Resort and Spa will soon open its doors with a luxurious fleet of thirty Jaguar and Land Rover Vehicles….

(0)Comments | September 25, 2017 11:44 am

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