Author: lbostgadmin
SriLankan Airlines bans Samsung Note 7 on all aircraft
Oct 18, 2016 (LBO) – Sri Lanka’s national carrier, SriLankan Airlines has imposed a total ban on the carriage and usage of ‘Samsung Note 7’ on board the SriLankan and Mihin Lanka aircraft with immediate effect. The ban comes into effect subsequent to the series of incident reported on explosions of the device when connected […]
‘s criticism
(Reuters) – The head of Sri Lanka’s anti-corruption body resigned on Monday, government officials said, days after President Maithripala Sirisena implied her agency was favoring the rival party of his prime minister. Dilrukshi Wickramasinghe has headed probes into alleged corruption involving top officials in the former government of ex-president Mahinda Rajapaksa, including his brothers, son […]
Sri Lankan rupee falls on importer dollar demand
COLOMBO, Oct 18 (Reuters) – The Sri Lankan rupee fell on Tuesday on importer dollar demand in the absence of central bank intervention, said dealers. Rupee forwards were active, with the spot-next at 147.20/30 per dollar as of 0752 GMT, compared with its previous close of 147.00/05. The spot rupee was quoted at 146.90/95 per […]
Finance Minister obtains proposals for budget from Ceylon Chamber
Oct 18, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake recently met with the committee members of the Ceylon Chamber of Commerce to obtain their views on the upcoming Budget presentation. The discussion was chaired by Chairman of the Chamber Samantha Ranatunga and each committee member was given an opportunity to express their views […]
European Council President pledges to support Sri Lanka GSP+
Oct 18, 2016 (LBO) – European Council President has pledged to Prime Minister Ranil Wickremesinghe the fullest support to regain the GSP+ concessions for Sri Lanka. The support came after Premier Wickremesinghe yesterday met Donald Tusk who has been President of the European Council since December 2014. Tusk who was previously the Prime Minister of […]
Sri Lanka’s Power Ministry releases reduced power cut schedules
Oct 18, 2016 (LBO) – Sri Lanka’s Power Ministry has released new power cut schedules after the initial 3.5 hours power cut was reduced to 1.5 hours power cut. The Power and Renewable Energy Ministry said that a one hour power cut will be imposed during the day time, and a half-an-hour cut will be […]
‘s Fitch rates Seylan Bank senior debt A-(lka)(EXP)
Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/Stable) proposed senior debenture issue of up to LKR8bn a National Long-Term Rating of ‘A-(lka)(EXP)’. The debentures will have tenors of three and four years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange, and the bank plans to use […]
Asian stocks lifted by firmer oil prices; dollar steady
HONG KONG, Oct 18 (Reuters) – Asian stocks crept up on Tuesday thanks to a rebound in oil prices and the dollar consolidated recent gains although underlying risk appetite was cautious on concerns over capital outflows and weak data, especially from China. Special focus will be on China’s B Share market, which was trading up […]
Fitch downgrades PABC, Affirms four small and mid-sized banks
Oct 17, 2016 (LBO) – Sri Lanka Fitch has downgraded Pan Asia Banking Corporation’s (PABC) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’ and confirmed ratings of four small, mid-size banks, a statement said. The Outlook on PABC is revised to Stable from Negative, the rating agency said in a statement. The National Long-Term Ratings on […]
Minister Daya Gamage pays last respect to Thai King
Condoling the demise of the King of Thailand His Majesty Bhumibol Adulyadej , Minister Daya Gamage paid last respect to the King at the Official Residence of Thai Ambassador, today (17).
Commercial Bank’s Rs5bn debenture issue opens on Oct 24
Oct 17, 2016 (LBO) – Sri Lanka’s Commercial Bank of Ceylon second issue of debentures for 2016 is to open on 24th October, the bank said in a statement. The Bank is seeking to raise 5 billion rupees with an option to increase it by a further 2 billion to strengthen its Tier II capital […]
Kuwaiti envoy held talks with Ceylon Chamber on trade & investments
Kuwaiti Ambassador in Sri Lanka, His Excellency Khalaf Bu Dhhair says his country is willing to help Sri Lanka’s development plans with required investments. The envoy conveyed this when he made a courtesy call to the Ceylon Chamber of Commerce on Thursday, the 13th October, 2016 and heldtalks with Chairman, Mr. Samantha Ranatunga. “Kuwait is […]