All Blogs
ADB has performed well in Sri Lanka: Report
Apr 21, 2015 (LBO) – Sri Lanka has been rated as a country where the Asian Development Bank operations performed well in South Asia, a new annual review by Independent Evaluation of the Asian Development Bank (ADB) said.“The country assessments point to a relatively good performance of ADB operations in South Asia, particularly in Bhutan, […]
Sri Lanka sells Rs4.56bn in 03 year bonds; 07 year bonds rejected
Apr 21, 2015 (LBO) – Sri Lanka has sold 4.56 billion rupees of three year bonds after calling bids for six billion rupees of bonds, the state debt office said. The debt office on Tuesday sold three year bonds maturing on 01 June 2018 at weighted average yield (net of tax) of 8.15 percent. The […]
Sri Lanka stocks close lower at 0.1 –pct with political uncertainty keeping investors away
Apr 20, 2015 (LBO) – Sri Lanka’s stocks closed down, 0.09 per cent mainly due to the prevailing political uncertainty in the Island driving investors away, brokers said. The Colombo benchmark All Share Price Index closed 06.03 points lower at 7,080.38 down 0.09 per cent. The S&P SL20 closed 08.04 points higher at 4,020.60 up […]
” : Fitch
Apr 20, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer Sri Lanka Plc’s proposed unsecured redeemable debenture issue of up to three billion rupees, a national long-term rating of ‘A-(lka)(EXP)’. The debentures are likely to have a three-year tenor and to be issued in two tranches with fixed and floating rates, the rating […]
Sri Lanka’s UPFA members to camp in Parliament
Apr 20, 2015 (LBO) – Sri Lanka’s United Peoples Freedom Alliance parliamentarians who are now protesting against the former president being summoned to the Bribery Commission say they have come ready to spend the night in the parliament chamber if the spokesman, President and Prime Minister fail to come to a decision during the day. […]
‘s former President rejects holding secret offshore accounts
Apr 20, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapaksa has rejected that he has any illegal or secret offshore accounts in any foreign bank, a press release issued by the former President said. “I would like to categorically state for the information of the public that neither I, my wife nor my sons […]
‘s parliament adjourns following a tense situation
Apr 20, 2015 (LBO) – Sri Lanka’s parliament on Monday adjourned following a tense situation that irrupted in the chamber with opposition parliamentarians staging a protest against a move to summon former President Mahinda Rajapaksa.Disaster Management Minister, A.H.M Fowzie told LBO that the speaker has adjourned parliament till Tuesday morning.“A group of opposition parliamentarians are […]
“Parliament is disturbed”: Harsha de Silva
Apr 20, 2015 (LBO) – A group Sri Lanka’s United Peoples Freedom Alliance parliamentarians, led by Bandula Gunawardene are protesting by seating on the floor of the chamber saying that the Bribery Commission of Sri Lanka do not have powers to summon and question former president Mahinda Rajapakse, Harsha de Silva said in his Facebook […]
Asia must lift productivity for higher growth and wellbeing, human development is critical: ADB
Apr 20, 2015 (LBO) – Asia and the Pacific need to increase the overall productivity through investments in physical, human and natural capital, said a new annual review by Independent Evaluation at the Asian Development Bank (ADB).“A part of boosting productivity is making the most of human resources which therefore is also good for greater […]
Sri Lanka’s CB governor not guilty : Bond Investigation Report
Apr 19, 2015 (LBO) – The committee appointed by Prime Minister to probe the controversial 30 year bond has found that Central Bank governor Arjuna Mahendran had no direct participation in the incident, a statement issued by the Economic Affairs Ministry said. “The Committee concluded that there was no evidence to the effect that the […]