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Sri Lanka to grow as a knowledge based economy: Doors open for private sector : Eran Wickramaratne
Mar 30, 2015 (LBO) – Sri Lanka’s future should be based on a knowledge based industry which will enable the Island to attract more investors, deputy Minister of highways, higher education and investments promotions, Eran Wickramaratne said. “One of the challenges for investors in Sri Lanka is access to skilled labour and the island’s education […]
Sri Lanka sells Rs25.4bn in 5 and 10 year bonds
Mar 30, 2015 (LBO) – Sri Lanka has sold 25.4 billion rupees of five and ten year bonds after calling bids for 25 billion rupees of bonds, the state debt office said. The debt office on Monday sold 5.26 billion rupees of five year bonds maturing on 01 June 2020 at weighted average yield of […]
Sri Lanka’s President Sirisena calls for a new thinking on Asian growth strategy
Mar 29, 2015 (LBO) – Sri Lanka’s President Maithreepala Sirisena calls for a new thinking on growth strategy and more cooperative partnership among the community of Asia.He was speaking yesterday at the economic conference “Boao Forum for Asia 2015” held in Hainan island , China’s south and said there is an ever-growing disparity among the […]
Facebook to focus on three themes in 2015: Zuckerberg
Mar 29, 2015 (LBO) – Facebook annual developer conference kicked off in San Francisco recently unleashed more than 25 products and tools to help its developers build, grow, and monetize mobile apps. The event attracted more than 2,500 developers around the world to build the next generation of apps. Facebook CEO Mark Zuckerberg delivering the […]
Sri Lanka to ease entry barriers for FDI: Ravi Karunanayake
Mar 28, 2015 (LBO) – Sri Lanka needs to ease foreign investment entry obstacles to attract more foreign direct investment, finance minister Ravi Karunanayake says.Karunanayake made this comment while delivering a keynote address at the 18th Asian Investment Conference organised by Credit Suisse. The conference is an exclusive business gathering in the Asia Pacific region […]
Sri Lanka new rulers to get Chinese support
Mar 28, 2015 (LBO) – Chinese Prime Minister Li Keqiang assured and pledged Chinese government’s fullest support to the new government of Sri Lanka, a media release said. “The Chinese Premier further said China does not have relationship with individuals of different countries, but it has a policy of developing bilateral ties with nations,” the […]
Sri Lanka sells $100mn of 5 year development bonds; rejects all bids at 2 and 3 years
Mar 27, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 100 million US dollars of bids received from investors. The central bank has accepted 100 million US dollars of five year bonds at a rate of 6 month US dollars LIBOR plus a […]
”; outlook stable
Mar 27, 2015 (LBO) – Fitch Ratings has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. The full text is reproduced below. Fitch Ratings-Colombo-27 March 2015: Fitch Ratings Lanka has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS […]
‘BB-: New taxes will hasten industry consolidation
Mar 02,2015 (LBO) Fitch Ratings has affirms Sri Lanka Telecom’s (SLT) long-term foreign- and local-currency ratings at ‘BB-‘ and national long-term rating at ‘AAA(lka)’ with a stable outlook. However it said with the new adjustments of the new administration’s interim budget SLT is likely to pay around 3.5- 4 billion rupees in additional taxes. Fitch […]
Sri Lanka Freedom Party yet to decide a disciplinary action who participated pro-MR rally
Mar 27, 2015 (LBO) – Sri Lanka Freedom Party general secretary told LBO that the party is yet to decide a disciplinary action against parliamentarians who participated in a pro-Mahinda rally. “We haven’t taken any decision on that yet, I can’t decide it my own, that’ll be decided at a party meeting in the future.” […]