Author: lbostgadmin
Legal Moves
Sept 24, 2012 (LBO) – A group of Sri Lankan lawyers have expressed concerns over attempts to intimidate the judiciary after the island’s judiciary ruled against a draft bill relating to powers devolved to regional bodies. Lawyers for Democracy (LfD) alleged that the current administration had transported people to a location near Sri Lanka’s parliament […]
Ad Awards
Sept 24, 2012 (LBO) – Organizers of Sri Lanka’s ‘Effie Awards’ is seeking advertisements and other marketing communications works in mainstream or alternative media, paid or unpaid, for this year’s contest. Ben Lightfoot, chairman of the Singapore Effies Chapter for 2012 and chief exectvie of the McCann Group will be a resource available to participants. […]
Sri Lanka bond yields slightly up, rupee stronger
Sept 24, 2015 (LBO) – Sri Lanka’s government bond yields picked up on longer tenors Monday after active trading on Friday saw some of the biggest one day falls in recent history, while the rupee opened stronger against the dollar dealers said. A 2-year bond maturing on 01.04.2014 was quoted at 13.17/25 percent, about Friday’s […]
”’ by Fitch
Sept 24, 2012 (LBO) – Sri Lanka’s Ceylon Income Fund, which invests mainly in corporate debt has been rated ‘A-(lka)’ by Fitch in the first rating of a fund in Sri Lanka, the agency said. “Fitch has rated the fund on the basis of its understanding that the majority of investors in the fund are […]
Sri Lanka tyre recycling plant to make wood-like products
Sept 23, 2012 (LBO) – A Dena Nano Technology Lanka Pvt Ltd, company with British and Indian investment plans to recycle old automobile tyres into wood replacement material for the construction industry, a media report said. Dena Technology of UK has patented technology to make wood-like products for the construction industry from old tyres which […]
Failed Attempt
Sept 22, 2012 (LBO) – A group of 16 boat people who have opted to return to Sri Lanka has been sent back by a special flight, an Australian government statement said. Australia however has said it will increase places for migration through prescribed or ‘legal’ channels. Sri Lanka’s military has also ‘arrested’ boat people, […]
Sri Lanka bond yields plunge
Sept 22, 2012 (LBO) – Sri Lanka’s bond yields plunged across maturities Friday in one of the biggest intra-day day falls seeen in recent years, before profit taking pushed yields back up somewhat, dealers said. An 18-month bond maturing on 01.04.2014 opened at 3.45/50 percent and dropped as low as 12.90/13.00 percent before closing at […]
Sri Lanka to connect former war zone to national power grid
Sept 21, 2012 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board will connect the northern Jaffna peninsula to the national power grid on September 25, with the commissioning of a power line to the north, officials said. Next year a high tension 132kVA transmission standard line from Kilonocchi to Chunnakham is to be commissioned along […]
Eating Out
Sept 21, 2012 (LBO) – Cargills (Ceylon) Plc said it had struck deal with US based TGI Friday’s Restaurant Inc, to operate a chain of franchise restaurants in Sri Lanka. Cargills said in a stock exchange filing that it was planning to open the first restaurant in the fourth quarter of the current financial year. […]
‘s Leasing to sell Rs500mn 12-m paper
Sept 21, 2012 (LBO) – Sri Lanka’s People’s Leasing Company Plc, a unit of state-run People’s Bank is planning to sell 500 million rupees of one year commercial paper which has been rated ‘F1+(lka)’, Fitch Ratings said. People’s Leasing is the largest non-bank financial institution in Sri Lanka by advances, with a 21 percnet share […]
Kero Trend
Sept 20, 2012 (LBO) – Sri Lanka’s kerosene sales have come down after a price hike in February that reduced a subsidy given by tax payers, while highly taxed petrol sales continue to grow, official data show. Data released by the Central Bank shows that kerosene sales fell 26. 7 percent in June to 11,000 […]
US deplores insults to religious beliefs, violence in the name of religion
September 20, 2012 (LBO) – The United States Thursday reiterated that it had nothing to do with an anti Islam film that sparked violent protests by Muslim hardliners across the globe and cost the lives of US embassy staff including that of the ambassador in Libya. “It should be noted that the United States strongly […]