Author: lbostgadmin
Sri Lankan rupee firmer on exporter dlr sales; stocks edge lower
Nov 04, 2016 (Reuters) – The Sri Lankan rupee edged up on Friday as dollar selling by exporters surpassed the demand for the greenback from importers, dealers said. Rupee forwards were active, with one-week forwards trading at 148.30/40 per dollar at 0604 GMT, compared with Thursday’s close of 148.80/90. “Exporter conversions are exceeding the importer […]
Fitch rates LB Finance senior and subordinated debt
Fitch Ratings has assigned LB Finance PLC’s (LB; A-(lka)/Stable) proposed senior unsecured and subordinated debentures expected National Long-Term Ratings of ‘A-(lka)(EXP)’ and ‘BBB+(lka)(EXP)’ respectively. The issuance is to total LKR5bn, with the debentures to mature in five years and carry fixed coupons. The debentures are to be listed on the Colombo Stock Exchange. LB expects […]
Opinion: Blood on your hands? Guard the safeguards
By the Commuter The politicians have a new excuse. So do the bureaucrats, and seemingly some segments of the public. Apparently, projects are getting delayed due to regulatory requirements to safeguard environment and citizens’ rights. Such as having to do a proper EIA. Or comply with equitable procedures in land acquisition. And the “smarter” ones […]
Polls show tight Clinton, Trump race in US elections
Nov 04, 2016 (LBO) – With Americans set to vote on 8 November to choose their next president, the polls have narrowed to place Hillary Clinton and Republican rival Donald Trump on par, a poll of polls shows. The BBC poll of polls shows both with a 45 percent rating. The poll looks at the […]
SLT Akaza Cloud powers Aberdeen Holdings with Oracle ERP Solution
Press Release: Sri Lanka Telecom (SLT), the premier ICT solutions provider was proud to announce that its National Cloud Platform, “AKAZA” has powered Aberdeen Holdings Group of Companies with Cloud based Oracle ERP solution to streamline its enterprise business processes across the group’s business activities. The SLT Akaza Cloud based Oracle ERP solution facilitates the […]
Sri Lanka October tea prices reach record levels
Nov 04, 2016 (LBO) – Sri Lankan tea prices at the Colombo auctions were at an new monthly high in October 2016 as volumes fell but demand picked up. “Auction averages reached record levels in the backdrop of a sharp decline in availability,” Forbes & Walker Tea brokers said in their October report. “Auction average […]
President assures CB bond issue investigation free from political interference
Nov 04, 2016 (LBO) – Sri Lanka’s president assured that the investigation into Central Bank bond issue will be free from political interference and that there will an independent, impartial judicial process. The investigation into the Central Bank bond issue should be free from political interference, President Maithripala Sirisena said, adding that the investigation regarding […]
UBER launches new rider app
(PRESS RELEASE) – Colombo, November 2, 2016: Uber, the ridesharing app, today announced the launch of its new rider app, rebuilt completely from the ground up for the first time, since the last redesign in 2012. Re-engineered keeping in mind the changing needs of riders around the world, the new rider app aims to recapture […]
Asian shares slip, dollar nurses losses as US election looms
TOKYO, Nov 4 (Reuters) – Asian shares slipped on Friday and the dollar nursed losses in a week marked by growing uncertainty about the outcome of the U.S. presidential election. Investors have been unnerved in recent days by signs that the U.S. presidential race between Democrat Hillary Clinton and Republican Donald Trump was tightening just […]
Japan confers prestigious decoration on Speaker Karu Jayasuriya
On 3rd November 2016, the Government of Japan announced the conferment of “The Grand Cordon of the Order of the Rising Sun” upon Hon. Karu Jayasuriya, Speaker of the Parliament of Sri Lanka, as recognition for his significant contribution in promoting bilateral relations between Japan and Sri Lanka. A congratulatory message was sent by Mr. […]