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Sri Lanka’s twelve month treasury bill yields down
June 17, 2015 (LBO) – Sri Lanka’s three and six month treasury bill yields close flat at Wednesday’s auction with the twelve month yield down by one basis point, data from the state debt office showed.3-month yield was unchanged at 6.08 percent with 14,905 million rupees were accepted from 21,185 million rupees of bids.6-month yield […]
Sri Lankan airlines revenues up 10-pct in Q1 2015
June 17, 2015 (LBO) – Total revenue of Sri Lankan Air lines has increased by 9.8 percent in the first quarter of 2015, the state statistics office said. “Passenger kilometers flown and total revenue of Sri Lankan Air lines has increased by 7.7 percent and 9.8 percent respectively in the first quarter of 2015,” the […]
Sri Lanka’s Pan Asia Bank’s senior debt rated “BBB” (lka): Fitch
Jun 17, 2015 (LBO) – Fitch Sri Lanka has rated Sri Lanka’s Pan Asia Banking Corporation proposed listed senior unsecured debentures of up to 4.0 billion with a National Long-Term rating of ‘BBB(lka)(EXP)’. The full statement follows: Fitch Ratings-Colombo/Hong Kong-17 June 2015: Fitch Ratings has today assigned Pan Asia Banking Corporation Plc’s (PABC; BBB(lka)/Negative) proposed […]
Sri Lanka’s NDB debenture oversubscribed
June 17,2015 (LBO) – Sri Lanka’s National Development Bank’s debt issue was oversubscribed reciving 10 billion rupees during the early hours of the opening day as per the disclosures made to the CSE by the Registrars to the Debenture Issue, a statement said. The company issued 75,000,000 rated unsecured subordinate redeemable debentures with a par […]
Ravi K justifies Insurance corporation MD’s appointment
June 17, 2015 (LBO) – Sri Lanka Finance Minister Ravi Karunanayake, justifying the appointment of T.M.R. Bangsa Jayah brother-in-law of the Minister says that it’s better to appoint a go getter rather than an inefficient professional.Jayah was appointed as the Managing Director (MD) of Sri Lanka Insurance Corporation after the new administration took over on […]
Sri Lanka’s pepper to discover Chinese market
June 17, 2015 (LBO) – Sri Lanka’s pepper or the king of spices to enter into Chinese market, with a view to diversify markets-and to cash in on the emerging Far-East, Export Development Board said. “Compared to many other black peppers around the world, Lankan pepper has higher “piperine” content taken for dietary applications” Yousuf […]
Sri Lanka’s Hambantota port needs to be made viable: Minister
June 17, 2015 (LBO) – Sri Lanka’s Hambantota port should be transformed to a level of making profits as in the case of the Colombo Port, Ports and Aviation Minister Arjuna Ranatunga said. “We must make Hambantota a viable port and get it on the right track and develop it. This is the issue that […]
Sri Lankan resort wear brand partners with Zalora – Asia’s largest online fashion store
June 17, 2015 (LBO) – Sri Lanka’s Rum Punch, an exclusive brand of resort wear is to be retailed on Zalora – Asia’s largest online fashion store, later this month. “We were very impressed by Rum Punch’s perspective on fashion,” said Joanne Teh Ai Ling – Swimwear Buyer at Zalora. “It’s chic, trend right, and […]
Sri Lanka bloated public sector needs HR reforms to create national prosperity: HR expert
June 17, 2015 (LBO) – Sri Lanka’s laid back public sector needs human resource reforms to help the country move forward and create national prosperity, a human resource expert said.“Unfortunately it reminds me the value of human resource development is yet to develop in the public service who is expected to make a crucial contribution […]
Sri Lanka’s Parliament to debate no confidence motion against Finance Minister on July 06
June 16, 2015 (LBO) – Sri Lanka’s Parliament is to debate no confidence motion against Finance Minister on July 06, Leader of Mahajana Eksath Peramuna, Dinesh Gunawardena told LBO. The decision has been taken at a party leaders meeting held today. “We opposed the date because the debate will get delayed for another month.They had […]