Author: lbostgadmin
No Bribery
Oct 08, 2013 (LBO) – Ceylon Tobacco Company, a unit of British American Tobacco has denied media reports which gave the impression that it had attempted to bribe the island’s health minister to stop pictorial health warnings.Sri Lankan media carried reports last month attributed to health minister Maithripala Sirisena that the tobacco industry had attempted […]
Sri Lanka stocks up 0.21-pct, rupee steady
Oct 09, 2013 (LBO) – Sri Lanka stocks closed 0.21 percent higher with foreign investors interest while domestic speculative play was seen on some stocks, brokers said. The Colombo benchmark All Share Price Index closed 12.90 points higher at 5,909.95, up 0.22 percent, after reaching an intraday high of 5,932.32, provisional data showed. The S&P […]
Sri Lanka Treasuries yields ease
Oct 08, 2013 (LBO) – Sri Lanka’s Treasuries yields eased at Wednesday’s auction with the 12-month yield falling 02 basis points to 10.50 percent, data from the state debt office showed. The 6-month yield fell 02 basis points from two weeks ago to 8.58 percent. Last week bids for both 3 and 6 months were […]
Sri Lanka HSBC unit appointed primary dealer in gilts
Oct 09, 2013 – Sri Lanka’s branch of Hong Kong and Shanghai Banking Corporation has been appointed a primary dealer in government securities.The Central Bank said the new dealers will start operations from October 14. A primary dealer can directly participate in auctions of Treasury securities.
Canada threatens to pull Commonwealth funding
NUSA DUA, October 8, 2013 (AFP) – Canada’s Prime Minister Stephen Harper has threatened to withdraw funding for the Commonwealth in an escalating row over rights abuses by Sri Lanka ahead of a summit next month.Harper confirmed late Monday that he was boycotting the November 15-17 summit in Colombo, citing “the absence of accountability for […]
Sri Lanka and India ink deal for 500MW coal plant
Oct 08, 2013 (LBO) – Sri Lanka and India has inked a deal to build a 500MegaWatt joint venture coal power plant, in the island’s North Eastern coast which is expected to come on stream by 2018.Sri Lanka’s power ministry secretary MMC Ferdinando, chairman of state-run Ceylon Electricity Board WB Ganegala and NTPC chairman Arup […]
Sri Lanka JKH resort goes to Korean builders: report
Oct 08, 2013 (LBO) – Sri Lanka’s John Keells Holdings has awarded a consortium led by South Korea’s Korea’s Hyundai Engineering and Construction, a 522 million US dollar contract to build an integrated resort, a media report said. Hyundai E&C has a 65 percent stake in the construction consortium (339 million US dollars), Keangnam Enterprises, […]
Maldives Supreme Court annuls presidential vote
MALÉ, October 7, 2013 (AFP) – The Maldives Supreme Court Monday annulled the results of last month’s presidential elections, in a move likely to deepen international concern amid high tensions on the troubled Indian Ocean archipelago.The court annulled the first round of voting, which was held on September 7 and won by former leader Mohamed […]
Maldives asks for support after election annulled
MALÉ, October 8, 2013 (AFP) – The Maldives government on Tuesday urged all parties to support fresh elections after the Supreme Court annulled last month’s results, even though international observers had said those polls were free and fair. buy Hours before the ruling, six masked men set fire to a private television station that supports […]
Talent Forum
Oct 08, 2013 (LBO) – Sri Lanka’s information technology and outsourcing industry chamber said it is holding a forum on human resources to help over challenges faced by the sector. Among the panellists are, chief executive ACCA, Ajantha Dharmasiri, senior faculty member, Postgraduate Institute of Management, Niroshan Silva, managing director Training Consortium and Dananjaya Hettiarachchi, […]
Sri Lanka stocks close 0.5-pct higher, rupee steady
Oct 08, 2013 (LBO) – Sri Lanka stocks closed up 0.51 percent on continued investor interest in tobacco stocks and speculative trading and the rupee fell slightly on importer demand, brokers and dealers said. The rupee fell slightly to 131.20/23 against the US dollar in late trading the spot market on importer demand, dealers said. […]
Sri Lanka mortgage lender to sell Rs2bn in debt
Oct 08, 2013 (LBO) – Sri Lanka’s HDFC Bank, a mortgage lender is planning to sell 2.0 billion rupees in secured debt. Fitch has rated the lender ‘BBB(lka)’ rating with a stable outlook. The Colombo Stock Exchange said it had approved the sale of 10 million 100 rupee debentures with an option to sell another […]