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‘s foreign reserves moving towards USD 9 bn: Ravi Karunanayake
May 29, 2015 (LBO) – Sri Lanka’s government plans to increase the Island’s foreign reserves to 9 billion US dollars, Finance Minister Ravi Karunanayake said. Sri Lanka’s foreign reserves would be close to 8.3 billion US dollars after proceeds from a 988 million dollar sovereign bond and development bond injection to the economy. “That is […]
Sri Lanka raise USD 988mn in sovereign and development bonds: CB
May 29,2015 (LBO) – The Central Bank of Sri Lanka (CBSL), on behalf of the government successfully launched and priced a 650 million US dollar, 10-year international sovereign bond (issue) at a yield of 6.125 per cent per annum on 28th May 2015, the bank said.CBSL also issued 329 million US dollar of Sri Lanka […]
Sri Lanka to probe highway corruption
May 29, 2015 (LBO) –Sri Lanka’s new rulers plan to establish a corruption investigation unit in the field of highways to probe any defects in administrative,technical,financial and other procedures that would cause a major loss to the government as the former regime has invested a lot in the field of highways. The proposal was made […]
Sri Lanka to obtain USD60mn loan from OPEC for road rehabilitation
May 29, 2015 (LBO) – Sri Lanka will obtain a loan facility of US 60 million dollars from the development fund of Oil Producing and Exporting Countries (OPEC) to rehabilitate and renovate the road from Baddula to Chenkaladi.The Cabinet has given approval for the proposal made by the Minister of Finance, Ravi Karunanayake to entre […]
Sri Lanka to host international marine life conference in 2016
May 29, 2015 (LBO) – Sri Lanka will host the second International conference on marine mammals in the Indian ocean to help promote and encourage conservation of the species around the island, an official said. “Our job is to ensure that this rich bio-diversity and habitat of these animals are protected,” Prof Lakdas Fernando, President, […]
Sri Lanka sign USD107mn deal for road development with ADB
May 29, 2015 (LBO) – Sri Lanka’s government signed a US 107 million dollar road development loan agreement with the Asian Development Bank (ADB), the bank said in a statement.“The US 107 million dollar second tranche loan agreement is part of a US 800 million dollar multi-tranche financing facility to upgrade roads,” the statement said. […]
”’: Fitch
May 29, 2015 (LBO) – Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. The full statement follows Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. KEY RATING DRIVERS The expected rating is in line with Sri Lanka’s Long-Term Foreign […]
Sri Lanka to fill 33 vacancies of mission heads soon; 17 from Sri Lanka Foreign Service
May 29, 2015 (LBO) – Sri Lanka’s Foreign Ministry says they have already identified 33 persons to be appointed as new Heads of Missions and is in the process of gettings approvals from the different countries.Newly appointed spokesperson of the Foreign Ministry Mahishini Colonne on Wednesday told reporters that out of the 33 persons, 17 are […]
Sri Lanka stocks close higher 0.03-pct
May 28, 2015 (LBO) – Sri Lanka’s stocks closed higher 0.03 percent with foreigners continuing to be net sellers for a third consecutive day, brokers said. The Colombo benchmark All Share Price Index closed 2.21 points higher at 7,255.71 up 0.03 percent. The S&P SL20 closed 4.18 points higher at 4,035.04 up 0.10 percent. Turnover […]
Sri Lanka to form a committee to discuss and finalize 20th amendment
May 28, 2015 (LBO) – Sri Lanka’s cabinet spokesman said that, a committee will be formed including the President, Prime Minister, interested parties in the cabinet and minority party leaders to discuss and make a final decision regarding the 20th amendment to the constitution.Cabinet Spokesman Rajitha Senaratne said that President Sirisena submitted a cabinet paper […]