Author: lbostgadmin
”; Outlook Stable
Apr 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed countries’s Long-Term Foreign and Local Currency Issuer Default Ratings at ‘BB-‘. The issue ratings on Sri Lanka’s senior unsecured foreign and local currency bonds are also affirmed at ‘BB-‘, Fitch Ratings said in a statement.The Outlooks on the Long-Term IDRs are Stable and the […]
‘s T- bill yeilds down: Central Bank
Apr 15, 2015 (LBO) –Sri Lanka’s Treasury yields were down at Wednesday’s (22) auction with the 12-month yield declining 10 basis points to 6.50 per cent, data from the state debt office showed. It was decided to accept 13,735 million rupees from the auction of 12 month yield.The 6-month yield also declined to 6.35 per […]
Sri Lanka stocks close higher at 0.3-pct
Apr 22, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.26 per cent with foreigners becoming net buyers after three consecutive days of net selling, brokers said. The Colombo benchmark All Share Price Index closed 18.53 points higher at 7,117.13, up 0.26 per cent. The S&P SL20 closed 03.81 points higher at 4,029.61, up 0.08 […]
President to make a special announcement tomorrow
Apr 22, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena is due to make a special announcement on the current situation in the country tomorrow (23).The statement will be delivered at 9 p.m., Presidential Secretariat said in a statement.
Rolls-Royce wins largest ever order from Emirates; CEO John Rishton to retire
Apr 22, 2015 (LBO) – Jet engine maker Rolls-Royce on Wednesday announced the retirement of its Chief Executive soon after the company won its largest ever order from Emirates. Warren East who was the CEO of ARM Holdings from 2001 to 2013 is to succeed John Rishton as chief executive of Rolls-Royce with effect from […]
Sri Lanka’s business chamber urges political parties to support delayed 19th amendment
Apr 22, 2015 (LBO) – Sri Lanka should take advantage of the multi-party government to strengthen constitutional governance in the country and pave the way to improve the business climate in the country to attract greater investment, both local and foreign, a statement said. “Considering the importance of the constitutional reforms that have been proposed […]
Sri Lanka’s government will support agriculture to strengthen local economy: President
Apr 22, 2015 (LBO) –Sri Lanka’s government will support agricultural based industries in order to build the Island’s economy, President Maithreepala Sirisena, said in a statement.“The government will give priority to build a local economy based on agriculture,” the President was quoted saying in a statement released by his office.The President was speaking at the […]
‘s T- bill yeilds down: Central Bank
Apr 15, 2015 (LBO) –Sri Lanka’s Treasury yields were down at Wednesday’s (22) auction with the 12-month yield declining 10 basis points to 6.50 per cent, data from the state debt office showed.It was decided to accept 13,735 million rupees from the auction of 12 month yield. The 6-month yield also declined to 6.35 per […]
‘s finance minister challenges opposition to bring no confidence motion
Apr 21, 2015 (LBO) – Sri Lanka’s finance minister Ravi Karunanayake on Tuesday urged the opposition to bring the no confidence motion against him immediately. “Bring that no confidence motion as soon as possible. But before that they should understand the real responsibility of the opposition,” Karunanayake said.The minister also made a comment with regard […]
Sri Lanka stocks close higher at 0.3-pct
Apr 21, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.26 per cent with active retail investors trading and banking sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 18.22 points higher at 7,098.60, up 0.26 per cent. The S&P SL20 closed 05.83 points higher at 4,039.65, up 0.15 per […]
Sri Lanka sells Rs4.56bn in 03 year bonds; 07 year bonds rejected
Apr 21, 2015 (LBO) – Sri Lanka has sold 4.56 billion rupees of three year bonds after calling bids for six billion rupees of bonds, the state debt office said.The debt office on Tuesday sold three year bonds maturing on 01 June 2018 at weighted average yield (net of tax) of 8.15 percent. The debt […]
‘s National Development Bank gets new chairman
Apr 21, 2015 (LBO) – Sri Lanka’s National Development Bank, an investment bank has appointed a new chairman after its former chairman stepped down indicating a personal wish, the bank said in a stock exchange filing.The board of directors of NDB at a meeting held on Monday decided to appoint N.G Wickremeratne as the new […]