Lanka Orix Leasing Company PLC opened trading at the bourse yesterday with the traditional bell ringing ceremony on the first day of trading each month for companies listed under S&P SL20 index. The LOLC Group last week signed a foreign syndicated loan of US$ 247 million to fund its corporate debt and micro financing operations.
The “Shang Flying Dreams Kite Festival” organized by Shangri-La Resort in Hambantota was held last Saturday with the participation of school children in the area. The 100-day countdown is also set for the opening of the resort. Shangri-La is a Hong-Kong based luxury hotel operator who is also developing a property at the Galle Face promenade.
The Central Bank Governor Arjuna Mahendran said yesterday that he would not rule out another rate hike this year if the foreign outflows continued. His comments came less than a week after a 50 basis point rate increase by the Central Bank.
Prime Minister Ranil Wickremasinghe on Saturday visited the Southern district of Hambantota on an inspection tour to observe the progress of some of the development projects. Picture shows the PM arriving at the Mattala Air Port, flanked by Housing and Construction Minister Sajith Premadasa and Law and Order Minister Sagala Ratnayake. Pic by Pradeep Pathirana
As the global and local economic outlooks continue to be grim for Sri Lanka, the Colombo Stock Exchange (CSE) Chief yesterday stressed positivism of any form is essential at the moment to help turnaround the dampened situation faced by bourse.
Farmers throw objects near the Agriculture ministry in Athens during a demonstration against the pension reform yesterday. Fears that Greece will exit the eurozone, a “Grexit”, could revive if Greek authorities do not come up with “credible” reforms, notably on pensions, a senior IMF official had said. AFP
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