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‘s Central Bank to have $1.1bn currency swap extension from India
Apr 23, 2015 (LBO) – Sri Lanka’s Central Bank is to enter into an agreement with India to extend its currency swap facility by 1.1 billion US dollars. The union cabinet chaired by the Indian Prime Minister on Wednesday gave its ex-post-facto approval for entering into an agreement with the Sri Lankan Central Bank for […]
Sri Lanka’s former president brother Basil Rajapaksa arrested
Sri Lanka’s former president brother Basil Rajapaksa arrestedApr 22, 2015 (LBO) – Sri Lanka’s former economic development minister Basil Rajapaksa has been arrested by the Police Financial Crimes Investigation Divison, quoting his lawyer the state run Rupavahini reported. Rajapaksa is to be produced before Kaduwela magistrate today, the report further said. However police spokesman is […]
Sri Lanka to pitch foreign cruise liners to expand cruise tourism: Tourism Promotion
Apr 22,2015 (LBO) – Sri Lanka’s tourism promotion bureau said that it plans to attract more international cruise liners in order to expand Island’s cruise tourism business.“We will make a pitch for top cruise organizations like Royal Caribbean, Celebrity and MSC to have turnaround visits and include Sri Lanka in to the itinerary,” Rohan Athukorala […]
”; Outlook Stable
Apr 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed countries’s Long-Term Foreign and Local Currency Issuer Default Ratings at ‘BB-‘. The issue ratings on Sri Lanka’s senior unsecured foreign and local currency bonds are also affirmed at ‘BB-‘, Fitch Ratings said in a statement.The Outlooks on the Long-Term IDRs are Stable and the […]
‘s T- bill yeilds down: Central Bank
Apr 15, 2015 (LBO) –Sri Lanka’s Treasury yields were down at Wednesday’s (22) auction with the 12-month yield declining 10 basis points to 6.50 per cent, data from the state debt office showed. It was decided to accept 13,735 million rupees from the auction of 12 month yield.The 6-month yield also declined to 6.35 per […]
Sri Lanka stocks close higher at 0.3-pct
Apr 22, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.26 per cent with foreigners becoming net buyers after three consecutive days of net selling, brokers said. The Colombo benchmark All Share Price Index closed 18.53 points higher at 7,117.13, up 0.26 per cent. The S&P SL20 closed 03.81 points higher at 4,029.61, up 0.08 […]
President to make a special announcement tomorrow
Apr 22, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena is due to make a special announcement on the current situation in the country tomorrow (23).The statement will be delivered at 9 p.m., Presidential Secretariat said in a statement.
Rolls-Royce wins largest ever order from Emirates; CEO John Rishton to retire
Apr 22, 2015 (LBO) – Jet engine maker Rolls-Royce on Wednesday announced the retirement of its Chief Executive soon after the company won its largest ever order from Emirates. Warren East who was the CEO of ARM Holdings from 2001 to 2013 is to succeed John Rishton as chief executive of Rolls-Royce with effect from […]
Sri Lanka’s business chamber urges political parties to support delayed 19th amendment
Apr 22, 2015 (LBO) – Sri Lanka should take advantage of the multi-party government to strengthen constitutional governance in the country and pave the way to improve the business climate in the country to attract greater investment, both local and foreign, a statement said. “Considering the importance of the constitutional reforms that have been proposed […]
Sri Lanka’s government will support agriculture to strengthen local economy: President
Apr 22, 2015 (LBO) –Sri Lanka’s government will support agricultural based industries in order to build the Island’s economy, President Maithreepala Sirisena, said in a statement.“The government will give priority to build a local economy based on agriculture,” the President was quoted saying in a statement released by his office.The President was speaking at the […]