Author: lbostgadmin
Sri Lanka sells Rs43.1bn in bonds
Jan 10, 2013 (LBO) – Sri Lanka has rolled over 43.1 billion rupees in bonds at average yields slightly lower than the market a day earlier, data from the state debt office showed.The debt office sold 16.3 billion rupees of 5-year bonds maturing on 2018 to yield 10.90 percent slightly lower than the 11.10 percent […]
Collaborative Net
Jan 09, 2013 (LBO) – Sri Lanka’s MAS Holdings has adopted a system provided by MillenniumIT and Dialog Axiata for internal communications for its plants and design centres in 41 locations in 10 countries. MillenniumIT, a unit of the London Stock Exchange group said the Microsoft Lync Server based system hosted by Dialog will allow […]
Reaction
Jan 09, 2012 (LBO) – Sri Lanka has deplored the beheading of a maid in Saudi Arabia after she was convicted of killing an infant under her care when she was still a minor. Rights group called for clemency as the Rizana Nafeek did not have legal representation at the time of her trial. The […]
Sri Lanka Australia hospitality school starts
Jan 09, 2012 (LBO) – A Sri Lanka-Australia joint venture hospitality sector training school ready to begin teaching its first intake of students at a 320 million rupee purpose built facility, officials said.The Colombo Academy of Hospitality Management (CAHM) was set up by the Sri Lanka Institute of Information Technology (SLIIT) and Australia’s William Angliss […]
Sri Lanka Treasuries yields drop
Jan 09, 2012 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities with the 6-month yield falling as much as 18 basis points to 10.81 percent at Wednesday’s auction, data from the state debt office showed.The 3-month yield dropped 03 basis points to 0.88 percent and the 12-month yield dropped 03 basis points to 11.35 […]
Sri Lanka rupee strengthens in early trade
Jan 09, 2013 (LBO) – Sri Lanka’s rupee gained about against the US dollar in mid morning trade Wednesday to 126.25/55 levels in the spot market on expectations of foreign purchases of rupee bonds, dealers said. Sri Lanka’s rupee has strengthened from lows of 134 to the US dollar in mid 2012 following a float […]
Court Decision
Jan 08, 2013 (LBO) – Sri Lanka’s court of appeal has quashed the findings of a parliamentary committee against Chief Justice Shirani Bandaranayake where lawyers said she was not accorded due process and principles of natural justice. Sri Lanka’s Supreme Court has earlier said the parliamentary committee was unconstitutional. Sri Lanka’s Parliament is due to […]
Deposit Target
Jan 08, 2013 (LBO) – Sri Lanka’s state-run Bank of Ceylon, the country’s largest commercial bank by assets is aiming for a trillion rupees in deposits, newly appointed general manager D M Gunasekara said.Gunasekara had been with the Bank of Ceylon for 29 years and had worked in corporate, retail, international and off-shore operations of […]
Ship Call
Jan 08, 2013 (LBO) – A call by a car carrier belonging to Japan’s K-Line, at Sri Lanka’s Colombo port this week is expected to lead to further business in transshipment from the shipping line, officials said.Wickrama had said 200 million dollars had been spent in upgrading container handling facilities in Colombo to boost productivity […]
Sri Lanka gilt yields up in secondary trading
Jan 08, 2013 (LBO) – Sri Lanka government bond yields has picked up after falling steeply over two days ahead of a large bond auction, dealers said.A bond maturing on 15 July 2017 opened around 10.70/80 percent Monday and closed at around 11.00/11.10 percent, dealer said. A bond maturing on 15 August 2018 also opened […]
Sri Lanka parliament to vote on chief justice impeachment
Jan 07, 2013 (LBO) – Sri Lanka’s parliament will vote on the impeachment of chief justice Shirani Bandaranayake on January 11 after a two day debate, the state information office said, despite a court order nullifying the findings of a parliamentary committee.The parliamentary committee from which the opposition out had not accorded due process to […]
Funding Line
Jan 07, 2013 (LBO) – Sri Lanka’s LOLC Micro Credit Ltd, said it had syndicated a 55.5 million US dollar from a number of foreign development agencies. FMO (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.), of the Netherlands had lead arranged the deal. FMO is a 20 percent shareholder of LOLC Micro Credit. FMO (Nederlandse Financierings-Maatschappij voor […]