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”’ rating confirmed by S&P; warns on debt, institutions
Aug 01, 2013 (LBO) – Standard and Poor’s has confirmed Sri Lanka’s ‘B+’ sovereign rating with a stable outlook but warned on government debt and weak institutions. Sri Lanka’s external liquidity remains exposed to international liquidity conditions. Through 2015, we project that Sri Lanka’s gross external financing needs will exceed 120% of current account receipts […]
Sri Lanka raises fag taxes to boost revenues
July 31, 2013 (LBO) – Sri Lanka has raised taxes on cigarettes to bring in an additional 1.4 billion rupees in revenues for the rest of the year, an official said. Treasury Secretary P B Jayasundera said tax revenues were picking up with an improvement seen in customs collections. The price of cigarettes based on […]
Sri Lanka 12-month Treasuries yield falls
July 31, 2013 (LBO) – Sri Lanka’s 12-month Treasuries yield fell 04 basis points to 10.52 percent at Wednesday’s auction, data from the state debt office said. In the secondary market 3-month bills were quoted at 8.65/85 percent levels and 6-month bills were quoted around 9.65/75 percent levels, dealers said. The 12-month bill was quoted […]
Sri Lanka sovereign and banking forum by Fitch
July 31, 2013 (LBO) – Fitch Ratings will hold a sovereign and banking roundtable forum in Colombo on August 06, where senior analysts from the rating agency and representatives of the financial sector will participate. Sri Lanka’s central bank Governor Nivard will be chief guest. The full statement is reproduced below: Fitch to Host First […]
Expansion Plan
July 31, 2013 (LBO) – State-run Sri Lanka Ports Authority (SLPA) expects to invest in foreign ports and look for opportunities in terminal management, a strategic plan running up to 2020 said.SLPA already has a 15 percent stake in Colombo International Container Terminal, where China Merchant (International) is the majority partner. “..SLPA will jointly explore […]
Property Rights
HANOI, July 31, 2013 (AFP) – A Vietnamese fish farmer who became a folk hero after he used homemade weapons to resist forced eviction has lost his appeal against a five-year jail term for attempted murder, a court clerk said Wednesday. Doan Van Vuon and his family rose to prominence when they armed themselves with […]
No Probe
July 30, 2013 (LBO) – Sri Lanka’s finance ministry was not probing an allegation of pay-offs in a land deal with India’s Krrish group because there was no complaint by the investor, top officials aid.Krrish in a statement last week, denied that any pay-offs had been made for the land deal. Finance secretary P B […]
Suspects
LONDON, July 30, 2013 (AFP) – Almost 100 foreign suspected war criminals were found to be living in Britain last year after applying for citizenship or asylum, the interior ministry said on Tuesday.“That, in turn, requires more political will and commitment at the higher level.” British police in May arrested five men wanted in Rwanda […]
Platform Sale
July 31, 2013 (LBO) – Sri Lanka-based MillenniumIT, a unit of London Stock Exchange group said it had won deal to sell its securities trading platform to Argentina. MillenniumIT software is running in around 30 locations around the world. Recast The London Stock Exchange group said Wednesday it had been selected as technology partner for […]
”’: report
MUMBAI, July 31, 2013 (AFP) – India’s central bank governor has decided to “move on” and a hunt for his successor is underway, the country’s finance minister was quoted saying Wednesday.The government’s chief economic advisor, Raghuram Rajan, India’s economic affairs secretary Arvind Mayaram and Planning Commission member Saumitra Chaudhary are contenders to succeed Subbarao, the […]