Author: lbostgadmin
Trading Platform
June 25, 2012 (LBO) – Borsa Italiana’s cash markets have migrated to London Stock Exchange group’s Millennium IT trading software which will offer new functions and flexbility. “The migration of Borsa Italiana’s cash markets to the Millennium Exchange represents an important step for Borsa Italiana and its customers,” Raffaele Jerusalmi, chief execytie of Borsa Italiana […]
Public Petition
June 25, 2012 (LBO) – A former financial sector professional has written Sri Lanka’s main political parties to help citizens petition parliament over risks facing the island’s banking sector following report by Standard and Poor’s, a rating agency. S & P said Sri Lanka’s banks faced high economic risks and regulatory conflicts, particularly after a […]
Sri Lanka stocks fall 0.96-pct
June 25, 2012 (LBO) – Sri Lankan share prices closed down Monday, despite large trades in Madulsima, Balangoda Plantations lifting turnover levels to over a billion rupees, brokers said. The key All Share Price Index fell 48. 72 points or 0.96 percent to close at 4,990.43, while the liquid Milanka Price Index dipped 26.00 points […]
Sri Lanka forex markets paralyzed
June 25, 2012 (LBO) – Sri Lanka’s interbank forex markets were paralyzed Monday with no active trading by late morning following heavy moral suasion by monetary authorities over deals made in the previous week, dealers said. The rupee was tentatively quoted around 133.15/40 but there were no firm bids, dealers said after regulators questioned some […]
Sri Lanka sells US229mn in 3-year bonds
June 25, 2012 (LBO) – Sri Lanka has sold 229.02 million US dollars in 3-year floating rate bonds which will pay an average of 410 basis points above the London Interbank Offered Rate every six months, the state debt office said. Bids were originally called for the sale of only 150 million US dollars of […]
Sri Lanka gets US$2.5bn dollars in China financing
June 24, 2012 (LBO) – Sri Lanka has notched up 2.53 billion US dollars in funding from China, since 2007 and 1,205 billion US dollars already disbursed into roads, power, ports and airports, a finance ministry report said. Sri Lanka’s Ceylon Electricity Board built its first 300 MegaWatt coal plant with Chinese financing and the […]
Sri Lanka newspaper editor ouster worrying: media watchdogs
June 23, 2012 (LBO) – Sri Lankan and international media freedom organizations had expressed expressed concern over the removal of an editor of Ceylon Today, a Sri Lankan broadsheet, and said it sought to find out the reasons. œThe dismissal of Lalith Allahakkoon by Ceylon Today is worrying, Reporters without Boraders a Paris based press […]
Freedom Concerns
June 23, 2012 (LBO) – Friday Forum, a Sri Lankan citizens group has expressed concern over further deterioration of rule of law and religious freedom three years after a 30-year civil war ended. “Three years after the end of the war, we are deeply concerned about the continuing violent political culture, the deterioration of our […]
Sri Lanka tourism receipts up 25-pct to May
June 23, 2012 (LBO) – Sri Lanka has earned 399. 3 million US dollars from tourism in the first five months of 2012, up 25. 5 percent from the 318.1 million US dollars earned a year earlier, official data showed. Tourist arrivals rose 18.2 percent to 387.622 in the same period. Sri Lanka’s tourist sector […]
Sri Lanka banking system well capitalized, solid: officials
June 22, 2012 (LBO) – Sri Lanka’s banking system is sound and well capitalized officials said, though bad loans have started to pick up slightly as a developing credit bubble was rudely jerked to a halt by the island’s dollar peg. Data published by the Central Bank show that bad loans which peaked at 8. […]
Sri Lanka Cricket seeks new clothing partner after Reebok deal falls through
June 22, 2012 (LBO) – Sri Lanka Cricket has sought a new clothing partner, after India’s Rebook failed to renew the contract when the tender was awarded this month, a statement said. The governing body this month announced multi-million rupee contracts for clothing, soft drinks, energy drinks and food to a number of Sri Lankan […]
‘s NDB Bank undecided on Aviva unit: official
June 22, 2012(LBO) – Sri Lanka’s NDB Bank Plc, has not a made a decision to buyout their partner or exit a joint venture insurance unit with Britain’s Aviva, which reports said is on the block as part of a retreat from Asian markets. NDB Group’s Chief Executive, Russell de Mel said if Aviva’s stake […]