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Sri Lanka Treasury bill yields mixed
Sep 22, 2015 (LBO) – Sri Lanka’s 12-month Treasury bill yields were up at Tuesday’s auction while the 3-month yields were down, data from the state debt office showed. The 3-month yields were down by one basis point to 6.78 percent, and the 12-month yields rose one basis point to 7.18 percent. The 6-month yields […]
Sri Lanka stocks close up 0.2-pct on three week high: Poultry gains
Sep 22, 2015 (LBO) – Sri Lankan stocks closed up 0.20 percent on Tuesday with gains in John Keels Holdings and poultry stocks, brokers said. The Colombo benchmark All Share Price Index closed up 14.01 points at 7,118.38 higher 0.20 percent. S&P SL20 closed 17.98 points higher at 3,899.02 up 0.46 percent. Turnover was […]
Sri Lanka’s Parliament completes appointing civil representatives to CC
Sep 22, 2015 (LBO) – Sri Lanka’s Parliament has completed the appointment of three civil representatives to the Constitutional Council on Tuesday.Dr. Ahangamage Tudor Ariyaratne, Shibly Aziz and Dr.Radhika Coomaraswamy were the three non-Parliament members of the council nominated by both the Prime Minister and the Opposition Leader.Earlier in the month, President and the Prime […]
CSE employee in Top Ten Best Speakers of World
The Colombo Stock Exchange (CSE) proudly recognises the achievement of a member of its staff, Arfath Saleem of the Human Resources Division who competed at the World Championships of public speaking in Las Vegas, USA from August 12-15, 2015.Saleem was placed amongst the top 10 speaker of the world.Following several competitions at club, area, division […]
Serendib Awards to honor Sri Lankans in Australia
In true Kandy Perahera-style with Red carpet & black tie, Grammy style the small but active multicultural Awards is happening in heart of Melbourne for Sri Lankan community who celebrates its annual awards for excellence – The Serendib Awards – with a grand festival, on Friday 2 October 2015 from 05.30pm onwards at The Grand, […]
Developing Asia’s Growth Outlook Pressured by China, India Moderation – ADB
Sep 22, 2015 (LBO) – Developing Asia’s growth projection for 2015 is to be pressurized due to softer growth prospects of China and India and a slow recovery in the major industrial economies, Asian Development Bank says in a report. In an update of its flagship annual economic publication, Asian Development Outlook 2015 (ADO 2015), ADB now […]
ICRA Lanka assigns BBB+ rating with stable outlook to Dunamis Capital
Sep 22, 2015 (LBO) – ICRA Lanka Limited has assigned the Issuer rating of BBB+ with a stable outlook to Dunamis Capital. ICRA Lanka has also assigned the [SL]BBB+ (pronounced SL Triple B plus) rating to the existing LKR 1,000 Mn Senior Unsecured Redeemable Debenture programme and the proposed LKR 1,000 Mn Senior Unsecured Redeemable […]
Sri Lanka and Vietnam shares highest corporation foreign debt in Asia: ADB
Sep 22, 2015 (LBO) –Corporations in Indonesia, Sri Lanka, and Vietnam have the highest share of foreign currency debt in developing Asia, the Asian Development Bank said in a report.“Firms in the energy sector tend to have a substantial portion of their borrowings in foreign currency,” ADB said in its report. “Typically, the corporations that […]
Portfolios and functions of Ministers gazetted; CBSL, SEC, ETF under PM
Sep 22, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe has taken several important financial institutions under his purview, as per the gazette notification published on the subjects under each minister. The Prime Minister as the Policy Planning and Economic Affairs Minister has taken the Central Bank, the Securities and Exchange Commission, the Employees Trust Fund […]
Sierra Cables to set up manufacturing plant in Kenya
Sep 22, 2015 (LBO) – Sri Lanka’s Sierra Cables, a listed power cable maker, said it will be setting up a manufacturing plant in Kenya to supply transmission and distribution cables to East African countries, a statement said. The company said in a stock exchange filing that the decision was reached after conducting a feasibility […]