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Sri Lanka offers govt. securities to expatriate workers
Jan 07, 2009 (LBO) – Sri Lanka has appointed five domestic banks and a primary dealer of government securities as lead managers to sell gilts to expatriate citizens, the Central Bank said in a statement. The six lead managers are Bank of Ceylon, Commercial Bank, National Savings Bank, NatWealth Securities Ltd., People’s Bank and Sampath […]
Sri Lanka foreign reserves at US$2,030mn in November
Jan 07, 2008 (LBO) – Sri Lanka’s foreign reserves fell to 2,030 million US dollars in November 2008, from 2,374 million in October, which was enough to cover 1.7 months of imports, the Central Bank said.The gross reserves before the Asian Clearing Union (ACU) balance was 2,608 million US dollars which was enough to finance […]
Sri Lanka bond rates ease amid flight to quality
Jan 07, 2008 (LBO) – Sri Lankan gilts edged lower amid a flight to quality and excess liquidity in the inter bank market, as well as lower inflation expectations for the current year, dealers said. A bond maturing in April 01, 2012 fell from the auction level of 20.02 percent to 19.80 percent levels and […]
Sri Lanka shares barely changed in thin trade
Jan 07, 2009 (LBO) – Sri Lankan shares ended marginally firmer Wednesday with volumes falling even further and speculative trading in Lanka Cement which said it had resumed cement sales. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index edged up 0.04 percent […]
Wide Interest
Jan 07, 2008 (LBO) – Five potential investors have expressed interest in Sri Lanka’s Seylan Bank including two foreign buyers, after its controlling Ceylinco group said it would sell its stake, an official said. Pasqual says he expects the Ceylinco group to sell its entire holdings, which will give the new owner control of the […]
Sri Lanka tea output to November 2008 ahead of year before
Jan 07, 2009 (LBO) – Sri Lanka’s tea production up to November last year was almost 300 million kilos, well ahead of the year before, according to statistics released by the Sri Lanka Tea Board. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The increase came mainly […]
Blast on Sri Lanka railway track halts train services
COLOMBO, January 7, 2009 (AFP) – A powerful explosion ripped through a railway track just outside the Sri Lankan capital on Wednesday causing disruption to commuter services, police said. Police said there were no casualties following the blast at Mount Lavinia, but the Colombo-bound track was damaged and train services were suspended pending investigation. “Fortunately […]
Sri Lanka re-imposes formal ban on Tamil Tigers
COLOMBO, January 7, 2009 (AFP) – Sri Lanka Wednesday decided to ban formally the Tamil Tigers in a symbolic move that signals closing the prospect of early peace talks with the rebels, a senior minister said.The Tigers, who are already outlawed by the United States and the European Union, have been waging a drawn-out campaign […]
Sri Lanka bans Tamil Tigers
Jan 07, 2009 (LBO) – The Sri Lankan government said it had decided to re-impose a ban on Tamil Tigers after a lengthy military campaign that has seriously weakened the rebels and cornered them in the island’s north-east. Maithripala Sirisena, spokesman for the cabinet of ministers, said the cabinet took the decision at Wednesday’s meeting […]
”: govt
January 7, 2009 (AFP) – Sri Lanka’s Tamil Tiger guerrillas are “near extinction” as troops press home their initiative after capturing the rebels’ political capital, the defence ministry said Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Government forces have advanced towards the final remaining strongholds […]