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Sri Lanka PM says unity government is a new system for country
Sep 04, 2015 (LBO) – Sri Lanka’s Prime Minister and Minister of National Policy and Economic Affairs Ranil Wickremesinghe said that the unity government with the ministers appointed today plans to try out a new system for the country.“We are here to work for at least for a period of two years forgetting all the […]
Sri Lanka HNB Senior and Subordinated Debt gets AA-, A+ ratings :Fitch
Sep 04, 2015 (LBO) – Fitch Ratings has assigned Hatton National Bank proposed senior unsecured and subordinated debentures a expected National Long-Term Ratings of ‘AA-(lka)(EXP)’ and ‘A+(lka)(EXP) respectively. Full Statement follows: Fitch Ratings has assigned Hatton National Bank PLC’s (HNB; AA-(lka)/Stable) proposed senior unsecured and subordinated debentures expected National Long-Term Ratings of ‘AA-(lka)(EXP)’ and ‘A+(lka)(EXP) […]
Sri Lanka Aug tourist arrivals up 18.7 pct, China and India drive growth
Sep 04, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 18.7 percent to 166,610 in August 2015 from a year earlier, driven by China and India, data from the state tourism promotion office showed. In the eight months of 2015 arrivals were up 17.1 percent to 1,172,465. Indian arrivals increased 27.9 percent to 151,427 while […]
Sri Lanka’s Bank of Ceylon to sell Rs8 bn debt, AA rating
Sep 04, 2015 (LBO) – Sri Lanka’s Bank of Ceylon, state run bank is to sell up to 8.0 billion rupees of 5 and 8-year subordinated debt which have given final National Long-Term Rating of ‘AA(lka)’, Fitch Ratings said. The full statement given below :- Fitch Ratings has today assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) […]
Update 2-Sri Lanka Central Bank may intervene less in forex: source
Sept 04, 2015 (LBO) – The Sri Lankan central bank may intervene less in the forex market by not quoting a specific level, a market source told Lanka Business Online, as the rupee opened lower against the dollar on Friday.Early on Friday, USD/LKR saw a transaction done at 136.75, after wide quotes and no trades. […]
Sri Lanka, Australia bilateral trade up 18-pct in 2014
Sep 04, 2015 (LBO) – Two-way trade in goods between Australia and Sri Lanka has recorded an 18 percent increase last year over the previous year, Australian High Commissioner in Sri Lanka said.Speaking at a recent event High Commissioner Robyn Mudie said the bilateral trade in goods has reached 420 million Australian Dollars in 2014.“Our […]
Asia Securities says S&P telecoms report on Sri Lanka unjustified
Sep 04,2015 (LBO) – Sri Lanka’s Asia Securities says it is bullish on the Sri Lanka telecommunication sector even though a recently released report by Standard & Poor’s ratings agency sees telecom regulatory risk in Sri Lanka as high. S&P highlighted that they see a high regulatory risk in Sri Lanka with regulatory disruptions such […]
‘s growing religious tourism market
Sep 4, 2015 (LBO) – Sri Lanka tourism promotion bureau said that it plans to tap China’s growing religious tourists as almost 85 percent of the people in China hold some religious belief or practice some kind of religion according to Chinese spiritual life survey conducted in 2012 by the Beijing-based Horizon Research Consultancy Group. […]
EU Observation Mission distributes equipment to Sri Lankan civil society
On its way to concluding the EU EOM to Sri Lanka which witnessed a well administered 2015 Parliamentary elections, the EU EOM on 3 September distributed a wide variety of equipment to Sri Lankan civil society members.Accepting that civil society must be able to relay and receive information in an effective manner, not only during emergency operations but […]
Sri Lanka’s Parliament approves bigger cabinet
Sep 03, 2015 (LBO) – Sri Lanka’s Parliament approved a proposal to increase the number of ministers and deputy ministers in national government, a short while ago. 143 voted in favor of the proposal and 16 against; 63 Parliamentarians were absent during the vote. JVP voted against while TNA was absent at the voting. The […]