20/03/2014 Morning News § Sri Lanka releases details on foreign reserves, gold holdings Sri Lanka has released a breakdown of foreign assets and gold holdings in official forex reserves for November 2013 as well as liabilities involving swaps and other payments. – LBO § BOC pumps Rs. 10.5 b for East Terminal in Colombo State giant Bank of Ceylon has signed a financing agreement for Rs. 10.50 billion with the Sri Lanka Ports Authority (SLPA) for the development of the East Container Terminal (ECT) under the Colombo Port Expansion Project. – Daily FT § The rupee will remain stable this year due to increasing export-related inflows and remittances into the country, Central Bank Governor Ajith Nivard Cabraal told Reuters on Wednesday. – Daily FT § The Sri Lankan rupee ended slightly weaker on Wednesday, erasing early gains, as late importer dollar demand outpaced inflows from remittances, dealers said.– Ceylon Today § Samsung Electronics, a global leader in digital convergence technologies, is offering all Sri Lankans the opportunity to be the first in the world to preview and pre-order the new Samsung Galaxy S5 from 21 March to 5 April. – Daily FT § A senior minister yesterday said that unemployment had reached a historic low and settled at 4.5%, despite statistics showing that unemployment had surged compared to 3.9% in 2012. – Ceylon Today § The much awaited Touchwood winding-up case was called in the Commercial High Court yesterday before High Court Judge Amendra Senevirathna, on 19 March 2014 for the inquiry of the Winding-up where the appearances and the legal representations of the parties were as before. DailyFT § Federal Reserve officials predicted their target interest rate will be 1 percent at the end of 2015 and 2.25 percent a year later, higher than previously forecast, as they upgraded projections for gains in the labor market. – Bloomberg § Russian lawmakers are preparing to ratify a treaty this week to annex Crimea, hailing as a victory the return of the Black Sea peninsula that may require billions of dollars even as the national economy comes under strain. - Bloomberg
Posted on: Thu, 20 Mar 2014 03:21:31 +0000
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