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”’; revises outlook to positive
Apr 08, 2015 (LBO)- Sri Lanka’s Fitch Ratings has confirmed the rating on Hemas Holdings PLC’s outstanding senior unsecured debentures at ‘A+(lka)’. It has also published the company’s National Long-Term Rating of ‘A+(lka)’ and revised the outlook on the rating to positive from stable. The full statement reproduced below Fitch Ratings-Colombo/Sydney-08 April 2015: Fitch Ratings […]
Sri Lanka Treasury bill yields up: Central Bank
Apr 08, 2015 (LBO) – Sri Lanka’s Treasury yields were up on Wednesday’s auction with the increase of 12-month yield from 14 basis points to 6.90 percent, data from the state debt office showed.6-month yield was also up at 6.83 percent from 15 basis points and 11,200 million rupees were accepted from 20,150 million rupees. […]
SriLankan airlines, a haven for power abuse
Apr 08, 2015 (LBO) – The board appointed to inquire Sri Lanka’s national carrier, SriLankan Airlines said, the airline lacks a proper human resource policy which in turn creates opportunities for the abuse of power. Human resource is an integral part of any industry and SriLankan airline, a service industry is heavily based on manpower. […]
”’
Apr 08, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Central Finance Company PLC’s proposed senior secured debentures of up to 3 billion rupees an expected National Long-Term Rating of ‘A+ (lka) (EXP)’. The proposed debentures will have tenors of between three and five years, and fixed-rate coupons. The company plans to the proceeds […]
Sri Lanka’s government threatens to dissolve parliament
Apr 08, 2015 (LBO) – Sri Lanka’s United National Party led government on Tuesday threatened to dissolve parliament immediately if the opposition defeats the 19th amendment to the constitution.“We’ll anyway have a parliamentary election soon. So we are trying to pass the 19th amendment during this week it self,” “But if it gets defeated we […]
Sri Lanka targets US tourists through “Monkey Kingdom” Disney movie
Apr 08, 2015 (LBO) – Sri Lanka tourism promotion office says that the country is set to receive a massive boost from in its seventh key market USA with the recently launched Disney documentary movie ‘Monkey Kingdom’. “We need to do everything we can”, said Tourism Minister, Navin Dissanayake. “To make sure our tourism authorities […]
Sri Lanka’s Hilton hotel gets new Chairperson
Apr 08, 2015 (LBO) – Sri Lanka’s Hotel Developers (Lanka) Plc, owners of Hilton hotel Colombo has appointed Sagarika Delgoda as it Chairperson, a media report said.The appointment was made by the Finance minister, Ravi Karunanayake under whose purview the company comes.She replaces Tirukumar Nadesen.Delgoda holds an upper second class Political Science and Government degree […]
Sri Lanka’s government threatens to dissolve parliament if 19th amendment defeats
Apr 08, 2015 (LBO) – Sri Lanka’s United National Party led government on Tuesday threatened to dissolve the parliament immediately if the opposition defeats the 19th amendment to the constitution.“We’ll anyway have a parliamentary election soon. So we are trying to pass the 19th amendment during this week it self,” “But if it gets defeated […]
Sri Lanka’s national government divides over parliament vote
Apr 08, 2015 (LBO) – Sri Lanka’s national government has divided over a parliament motion moved at increasing the maximum amount to borrowings through short term treasury bills. The motion which intended to increase the threshold from 850 billion rupees to 1,250 billion rupees was defeated in parliament with 31 votes in favor and 52 […]
‘s port city project awaits new instructions
Apr 07, 2015(LBO) – Sri Lanka’s controversial Chinese funded port city project builders said that the government is yet to invite the company for discussions or issue a directive regarding the project review process, which is currently underway. The Chinese companies involved are China Communication Construction Company (CCCC) and the Project Company of the Colombo […]