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Sri Lanka Business Chambers welcome govt’s initiative of ease of doing business
May 13, 2015 (LBO) – The Joint Business Chambers of Sri Lanka welcome the initiative taken by the Ministry of Finance to engage in a series of discussions with the public institutions and private sector to address the issues concerning the improvement of Sri Lanka’s Ease of Doing Business Ranking, which now ranked at 99, […]
Sri Lanka Gem exports targets to cross $1bn by end 2015
May 13, 2015 (LBO) – Sri Lanka plans to increase export of local gems to one billion US dollars by the end of the year, Sri Lanka Gem and Jewelry Association said in a media release.Sri Lanka will host the 16th Congress of the International Colored Gem Stone Association from May 16th to 19th at […]
Sri Lanka to be on par with regional CDS in next 3 yrs: CDS head
May 13, 2015 (LBO) – Sri Lanka’s Central Depository System (CDS) is to be transformed into a developed depository equal with other depositories in the Asian region over the next three years, CDS chairman Vajira Kulatilaka said.Kulatilaka who is also the chairman of Colombo Stock Exchange said the CDS lagged behind in the past two […]
Sri Lanka Treasury bill yields drop
May 13, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down across maturities at Wednesday’s auction with 6 and 12-month yields dropped by 0.04 basis points, data from the state debt office showed.6-month bill was closed at 6.22 percent while 12-month closed at 6.31 percent. 3-month yield was also dropped by 0.02 basis points […]
”s Merchant Finance on negative watch; withdraws rating
May 12, 2015 (LBO) – Sri Lanka’s Fitch Ratings has placed People’s Merchant Finance, national long term rating of ‘BB+(lka)’ on rating watch negative and simultaneously withdrawn the rating. Fitch is withdrawing the rating as the People’s Merchant Finance (PMF) has chosen to stop participating in the rating process, issuing a statement Fitch Ratings said. […]
Sri Lanka stocks close up at 0.6-pct
May 12, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.62 percent recording a two and a half month high with active trading seen in the manufacturing and finance sector stocks, brokers said. The Colombo benchmark All Share Price Index closed 44.98 points higher at 7,258.61 up 0.62 percent. The S&P SL20 closed 9.57 […]
Sri Lanka sells Rs6.5bn in 04 year bonds; 06 year bonds rejected
May 12, 2015 (LBO) – Sri Lanka has sold 6.50 billion rupees of four year bonds after calling bids for five billion rupees of bonds, the state debt office said.The debt office on Tuesday sold four year bond which maturing on 01 July 2019 at weighted average yield of 8.15 percent. The bond has received […]
‘s UNP challenges MR supporters to show majority for Prime Ministerial candidature
May 12, 2015 (LBO) – Sri Lanka’s ruling United National Party on Tuesday challenged those demanding the former President as Prime Ministerial candidature to show their majority in Parliament.Deputy General Secretary of UNP Akila Viraj Kariyawasam told reporters that the opposition is boasting to bring a no confidence motion against Prime Minister. “We challenge them […]
Sri Lanka will not have electricity tariff revisions in 2015: Minister
May 12, 2015 (LBO) – Sri Lanka’s Minister of Power and Energy says that there are no plans to increase the electricity tariffs this year.“We are not planning to increase the electricity tariffs during the course of this year,” Minister, Power and Energy, Patali Champika Ranawaka said. “This is because the Ceylon Electricity Board (CEB) […]
Sri Lanka’s Treasury has adequate funds to pay govt employees: Finance Minister
May 12, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that government has enough money to pay employees’ salaries and for ongoing infrastructure development projects.“We have enough money to pay government employees and for the projects,” Karunanayake said.“But we won’t pay for the projects which have no agreements.” He said this while replying […]