Author: lbostgadmin
‘s Leasing senior debt final AA-(lka)
Fitch Ratings Lanka has assigned People’s Leasing & Finance PLC’s (PLC, AA-(lka)/Stable) senior debentures of up to LKR8bn a final National Long-Term Rating of ‘AA-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received. The final rating is the same as the assigned expected rating on 7 September […]
Sri Lankan rupee steady in lean trade; stocks weak
COLOMBO, Oct 26 (Reuters) – The Sri Lankan rupee traded steady on Wednesday in a dull market as investors were reluctant to take positions, a day after a state bank sold dollars, capping the fall in the domestic currency amid seasonal importer greenback demand, dealers said. Dealers said moral suasion by the central bank on […]
Dusit Thani Sri Lanka promote real estate invetment in Australia
Colombo, 25 October 2016 – Dusit Thani Sri Lanka, Beachfront Balapitiya recently hosted ‘Australia Showcase 2016’ for Sri Lankan-Aus society crème de la crème, in Melbourne to meet the immense interest received from both expats and locals alike in Australia. The simple early-evening event, which received 80 attendees was hosted exclusively for The Beachfront apartments […]
Asia stocks slide after Wall Street losses, oil drops on glut concerns
SINGAPORE, Oct 26 (Reuters) – Asian shares tumbled in early trade on Wednesday, following in the footsteps of Wall Street, which pulled back on disappointing earnings, while the dollar inched down from a seven-month high and oil prices slid. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent. Japan’s Nikkei lost 0.2 percent, […]
Asia shares slip after Apple results weigh, dollar off highs
TOKYO, Oct 27 (Reuters) – Asian shares edged down on Thursday after disappointing earnings from technology giant Apple dragged on Wall Street, while the dollar remained shy of this week’s nearly nine-month highs. Besides Apple, results and forecasts from some other major U.S. companies also weighed on U.S. markets overnight. The S&P 500 and the […]
Listed debenture of HNB oversubscribed
Oct 25, 2016 (LBO) – The listed debenture issue of Hatton National Bank PLC was oversubscribed during the early hours of the opening day, the Colombo Stock Exchange said. The debenture issue of HNB was for 5 billion rupees with a option to go up to 6 billion rupees and was rated A+ (lka) by […]
Sri Lanka spends Rs17mn monthly on Hambantota Conference Hall
Oct 25, 2016 (LBO) – Sri Lanka’s Urban Development Authority is spending 17 million rupees monthly just to maintain Magam Ruhunupura International Conference Hall (MRICH), a senior minister said. Megapolis Minister Champika Ranawaka speaking at a function said they are not getting anything in return as it is not being used. The conference hall was […]
Sri Lanka targets budget deficit of 4.4-pct for 2017: Minister
Oct 26, 2016 (LBO) – Sri Lanka plans on reducing it’s budget deficit to 4.4 percent in 2017 and curbing its total expenditure by around 10 percent, the State Minister of Finance said. “We propose to cut the budget deficit up to 4.4 percent and curb expenditure through reducing the government expenditure and better financial […]
Malaysia’s MINDA & CA Sri Lanka to build high performing directors
In an effort to enhance the effectiveness of directors in the region, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has joined hands with the Malaysian Directors Academy ‘MINDA’ to offer directors both in Sri Lanka and also in the region unique tailor made courses to help them become high performing directors. […]
World’s oldest working full-rigged ship arrives in Sri Lanka
Oct 26, 2016 (LBO) – The world’s oldest working full-rigged ship with 27 sails, SS Sørlandet from Norway, has arrived in Colombo. The ship is on a two-year circumnavigation of the world, with 70 high school students from A+ Academy. During their stay in Colombo they will greet Sri Lankan maritime students, and the ship […]