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Sri Lanka Parliament passes 19th amendment
Apr 28, 2015 (LBO) – Sri Lanka’s Parliament on Tuesday approved the second reading of the much awaited 19th amendment with a two third majority.215 parliamentarians have voted in favor of the 19th amendment while Dr. Sarath Weerasekara voted against it.Ajith Kumara was the only parliamentarian abstained from voting. Basil Rajapaksa, Premala Jayasekara, Keheliya Rambukwella, […]
Sri Lanka’s SEC sympathetic towards controversial Citrus Kalpitiya Beach Resort; EGM postponed
Apr 28, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission has requested the controversial Kalpitiya Beach Resort to postpone the scheduled extraordinary general meeting (EGM) which was supposed to held in May, by another month. “This was to enable the Company to come up with a precise direction on the future course of action […]
Sri Lanka stocks close up 0.1-pct
Apr 28, 2015 (LBO) – Sri Lanka’s stocks closed 0.13 percent higher despite a crucial Parliamentary vote to be taken shortly, brokers said. The Colombo benchmark All Share Price Index closed 9.31 points higher at 7,134.43 up 0.13 per cent. The S&P SL20 closed 5.47 points higher at 4,026.26 up 0.14 per cent. Foreigners bought […]
Sri Lanka sells $81.25mn of 2 and 3 year development bonds
Apr 28, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 50 million US dollars have been oversubscribed with 108.25 million US dollars of bids received from investors. The central bank has accepted 30.00 million US dollars of two year bonds at a rate of 6 month US dollars LIBOR plus a […]
Sri Lanka Treasury bill yields dropped: Central Bank
Apr 28, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down on Tuesday’s auction with the 12-month yield dropped 11 basis points to 6.39 percent, data from the state debt office showed. It was decided to accept 5,715 million rupees from the auction of 12 month yield.6-month yield was also down from three basis […]
‘s CSE takes over SAFE Chairmanship
Apr 28, 2015 (LBO) – Sri Lanka’s Chairman of the Colombo Stock Exchange was unanimously elected as the Chairman of the South Asian Federation of Exchanges at the annual general meeting of SAFE concluded recently, the CSE said in a statement. CSE Chairman Vajira Kulatilaka succeeds Dr. Muhammad Abdul Mazid as the Chairman of SAFE […]
Sri Lankan MP Harsha de Silva says capital markets should develop instruments not only for rich but also for poor
Apr 28, 2015 (LBO) – South Asia needs to make financial instruments for people who are in the bottom of the economic pyramid rather than making instruments only for riches, Deputy Minister of Policy Planning and Economic Development of Sri Lanka said.“All of us in the SAFE (South Asian Federation of Exchanges) are facing similar […]
Sri Lanka cricket member clubs & associations urged new rulers to take action against allegation
Apr 28, 2015 (LBO) – Sri Lanka cricket member clubs and associations has decided to notify the President, Prime Minister and Minister of Sports to take action against allegations and impending dangers to Sri Lanka Cricket (SLC). The new administration appoints an interim committee to manage Sri Lanka Cricket and due to that the International […]
Sri Lanka’s outdated oil refinery upgrade to cost US $1.3bn
Apr 28, 2015 (LBO) – Sri Lanka’s Sapugaskande oil refinery which has an outdated oil reefing process will be upgraded at an estimated cost of 1.3 billion US dollars, under 2015 -2025 energy sector development plan, Power and Energy Minister said.“In the energy sector development plan, a refinery upgrading and modernization project, at an estimated […]
US State Secretary John Kerry to arrive Sri Lanka on May 02
Apr 28, 2015 (LBO) – U.S. Secretary of State John Kerry will undertake an official visit to Sri Lanka from May 2-3, 2015, U.S. State Department said in a statement.The press statement issued by the U.S. State Department in this regard is appended below: SECRETARY KERRY TRAVEL TO COLOMBO, NAIROBI AND DJIBOUTI Press Statement Marie […]