All Blogs
Bank Soundness
June 21, 2012 (LBO) – Sri Lanka’s banking sector did not face high risks as assessed by Standard & Poor’s, the island’s Central Bank said in a detailed response to the rating agency’s ranking of Sri Lanka as a high risk economy for banks. The Central Bank said S & P’s statement was “is factually […]
Conflict Debate
June 21, 2012 (LBO) – Sri Lanka’s Central Bank has denied that there was a regulatory conflict where a fund under its control bought bank stocks it regulated, following concerns raised by Standard and Poor’s, a rating agency. S & P said there were regulatory conflicts because the Monetary Board or the governing body of […]
Sri Lanka Vietnam trade up 80-pct in first quarter
June 21, 2012 (LBO) – Trade between Sri Lanka and Vietnam had expanded 81 percent to 27. 6 million US dollars in the first quarter of 2012 from a year earlier, with a steep increase in Sri Lankan exports, a business association said. Mahesha Ranasoma, managing director, Dipped Products Plc was elected president of the […]
Sri Lanka refugee boat capsizes off Australian island: report
June 21, 2012 (LBO) – A boat believed to have 200 people from Sri Lanka has capsized of Australia’s remote Christmas Island which reports day could become one of the worst refugee disasters in the country. Australia, a country of immigrants has tightened immigration barriers in recent years and followed a controversial policy of detaining […]
Sri Lanka Treasuries yields up
June 20, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities with 6-month bill picking up the most at Wednesday’s auction, data released by the state debt office showed. The 3-month yield rose 09 basis points to 11. 04 percent, the 6-month yield rose 18 basis points to 12.47 percent and the 12-month yield […]
Sri Lanka to sell $150 mn in debt
June 20, 2012 (LBO) – Sri Lanka’s public debt office is seeking bids to raise 150 million dollars via a bond issue, a public notice said. Those eligible to subscribe include Sri Lankan with dual citizens, foreign nationals and non-resident Sri Lankans, the Public Debt Department of the Central Bank of Sir Lanka said Wednesday. […]
Sri Lanka stocks up 0.3-pct
June 20, 2012 (LBO) – Sri Lanka’s stocks extended gains closing up 0.3 percent Wednesday building up from a 1.2 percent recovery a day earlier, brokers said. The benchmark Colombo All Share Index rose 18 points to close at 5,078. 06 points. The Milanka Index of more liquid stocks rose 40 points to close at […]
Full Service
June 20, 2012 (LBO) – Sri Lanka’s Logiventures, a unit of conglomerate Hayleys PLC, is expanding its fleet of car carriers to meet the growing demand to transport vehicles being cleared from the southern port of Hambantota. Logiventures is also investing in a vehicle transit facility close to the Hambantota port, to facilitate clearing, inspection […]
Sri Lanka tea production down in May
June 20, 2012 (LBO) – Sri Lanka’s tea production fell 8. 4 percent to 30.8 million kilograms in May 2012 from a year earlier, the state tea promotion office said as the country was hit by dry weather. High grown tea fell to 7.36 million kilos from 9.0 kilos, mediums fell to 5.58 million kilos […]
’s Faithful
June 20, 2012 (LBO) – Sri Lanka’s amateur radio operators have renewed their call to be included in communication work during national disasters, after the defence authorities relaxed rules on clearing equipment. “When everything goes down, short wave remains alive,” an enthusiastic Goonetilleke said. Their valuable role was acknowledged by the late Sir Arthur C […]