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Sri Lanka sells Rs39.3bn in 4 and 8 year bonds
Mar 26, 2015 (LBO) – Sri Lanka has sold 39.3 billion rupees of four and eight year bonds after calling bids for 30 billion rupees of bonds, the state debt office said. The debt office sold 19.24 billion rupees of four year bonds maturing on 15 September 2019 at weighted average yield of 8.92 percent. […]
Sri Lanka former President given 213 body guards and 21 vehicles: Cabinet Spokesmen
Mar 25, 2015 (LBO) – Sri Lanka’s former president Mahinda Rajapakse has been given 213 body guards from the army and the police for security purposes plus 21 vehicles, government spokesman Rajitha Senaratne said at a press briefing held in Colombo, recently.He said this while replying to claims made by Rajapakse’s campaigners that he was […]
Sri Lanka to produce indigenous natural gas and stop importing fossil fuel: Official
Mar 24, 2015 (LBO) – Sri Lanka’s new government targets 100 percent clean indigenous energy to develop the island as a green country while importing fossil fuel, an official from the Ministry of Power and Energy said.“We want to develop the country but it has to be more green and environment friendly development,” Suren Batagoda, […]
Sri Lanka’s Fitch withdraws rating on John Keells Holdings
Mar 25, 2015 (LBO) – Sri Lanka’s Fitch Ratings has withdrawn the rating on diversified conglomerate John Keells Holdings (JKH), the rating agency said in a statement. Prior to the withdrawal, JKH’s National Long-Term Rating was at ‘AA+(lka)’ with Stable Outlook. The rating has been withdrawn because there will be insufficient information to maintain the […]
Sri Lanka Treasuries bill rates fall
Mar 25, 2015 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 3-month yield falling 19 basis points to 6.60 percent, data showed. The 6-month yield fell 17 basis points to 6.70 percent and the 12-month yield fell 19 basis points to 6.80 percent, data from the state debt office […]
Sri Lanka shares downturn continued following a mid-day crash
Mar 25, 2015 (LBO) – Sri Lanka’s shares dipped further on Wednesday with the benchmark index sinking below the 7,000 mark to a near seven-month low amid continuing political uncertainty, brokers said. The downturn in Sri Lanka’s stock market deepened with the Colombo benchmark All Share Price Index closing 24.90 points lower at 6,973.03, down […]
Sri Lanka’s govt. should start acting on LLRC recommendations soon to avoid international sanctions: State Minister
Mar 25, 2015 (LBO) – Sri Lanka is lucky it managed to postpone the vote at the Human Rights council and avoid possible international sanctions, newly appointed state Minister of Finance, Mahinda Samarasinghe said, Wednesday. “Some are saying the economy is down and the stock market is down, but they never think of the good […]
Sri Lanks’s stock market crashes in mid-day trading today
Mar 25, 2015 (LBO) -Today during mid-day trading All Share Price Index (ASPI) of Colombo Stock Exchange (CSE ) dropped below 7000.Informed sources say inconsistency in government policy and the fact that coalition partners do not seems to see eye to eye on many important matters are denting investor confidence.Analysts say the market dropped mainly […]
‘s govt. should start acting on LLRC recommendations soon to avoid international sanctions: State Minister
Mar 25, 2015 (LBO) Sri Lanka is lucky it managed to postpone the vote at the Human Rights council and avoid possible international sanctions, newly appointed state Minister of Finance, Mahinda Samarasinghe said, Wednesday. However he says, since transparency is the aim of the new government we should make these reports available for the people […]
Sri Lanka’s fashion retailer Odel buys Softlogic brands : Macro economic growth, tourism trend drives the decision
Mar 25, 2015 (LBO) – Sri Lanka’s Odel Plc, one of the island’s largest fashion retail outlets,acquired Softlogic group’s branded retailing unit for 599.9 million rupees looking at purchasing power of customers in the island, the company said in a stock exchange filling. The statement said, the action was taken in a move to integrate […]