All Blogs
Sri Lanka Bank of Ceylon raises Rs6.0bn from bonds
Nov 25, 2012 (LBO) – State-run Bank of Ceylon said it had raised 6. 0 billion rupees in subscriptions from a debentures and closed the offer on November 23, making it the biggest even rupee bond sale by a Sri Lanka based financial institution. The bonds came with floating and fixed coupons, with one type […]
‘s Finance on upgrade track
Nov 23, 2012 (LBO) – Sri Lanka’s People’s Finance Plc, has been placed on rating watch positive by Fitch Ratings, putting it on track to be upgraded by two levels to ‘AA-(lka)’ once a merger with its parent, People’s Leasing and Finance Plc, is completed. The full statement is reproduced below Fitch Places People’s Finance […]
Micro Tech
Nov 23, 2012 (LBO) – Sri Lanka based 24/7 Techies, a online technical support firm catering to micro businesses said it had raised 600,000 dollars from a capital raising event in the United States. 24/7 Techies (247techies.com), is an offshoot of Eureka Technology Partners, an information technology company that provides remote services to larger businesses. […]
Sri Lanka business, IUCN in bio conservation drive
Nov 23, 2012 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce, International Union for Conservation of Nature (IUCN) and Dilmah, a tea sector group are starting an initiative to promote conservation. The Business and Biodiversity Platform (B&B Platform) would allow businesses to share information on conservation and also tap local international expertise in the area. […]
Sri Lanka hydro storage declines
Nov 23, 2012 (LBO) – Storage at Sri Lanka hydro power generating reservoirs has begun to fall this week after climbing steadily during unusually heavy inter-monsoonal rain, data from the state run power utility shows. Industry experts say the long run average for inflows is about 14GWh a day during November and about 10 during […]
Sri Lanka to boost, tourism, investment links with Kazakhstan
Nov 23, 2012 (LBO) – Sri Lanka is expecting closer economic ties with Kazakhstan following a visit to the country by President Mahinda Rajapaksa, the state information office said. The information office quoted President Rajapaksa as saying that the two countries will commence negotiations on economic and technical co-operation, avoiding double taxation, investment protection and […]
Health Management
Nov 22, 2012 (LBO) – Japanese-style management techniques applied in hospitals in Sri Lanka had helped improve healthcare in a number of African countries, the Japan International Co-operation Agency said. JICA said the 5-S organizational method (seiri or sort), seiton or set), seiso ro shine), seiketsu or standardize) and shitsuke or sustain) and kaizen (continuous […]
Nordic Trading
Nov 22, 2012 (LBO) – Norway’s stock exchange Oslo Børs, has gone live with trading software from MillenniumIT, a Sri Lanka-based unit of UK’s London Stock Exchange group, the company said. MillenniumIT systems are live in over 30 locations around the World. “Oslo Børs members can now benefit from the high performance and rich functionality […]
‘s Supreme SAT satellite on Chinese rocket
Nov 22, 2012 (LBO) – Sri Lanka’s Supreme SAT is launching its first Satellite on a Chinese rocket which can be used for direct to home broadcasts and communications, the state investment promotion agency said. The project is connected to Rohitha Rajapaksa, a son of Sri Lanka’s President Mahinda Rajapaksa. “I am very proud to […]
Sri Lanka Treasuries yields up
Nov 22, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities at Wednesday’s auction with the 12-month yield rising as much as 08 basis points to 12. 81 percent, data from the state debt office showed. The bills stock which was around 206 billion rupees a last week rose to 212 billion rupees on […]