Author: lbostgadmin
Sri Lanka’s fuel consumption almost doubled: Energy Minister
Apr 09, 2015 (LBO) – Sri Lanka’s fuel consumption has doubled after the reduction of fuel cost by the new regime’s interim budget 2015, Minister of Power and Energy, Patali Champika Ranawaka said.“We reduced the cost of fuel and thought that the people would put the savings in other investment,” “But we found that fuel […]
‘s Colombo Stock Exchange increases listing fees
Apr 09, 2014 (LBO) – Sri Lanka’s stock exchange has increased its existing fees that should be payable by companies seeking a listing of its securities, the CSE said in a statement.The CSE has obtained the necessary approval from the securities and exchange commission with regard to the amendment of section 11 of its listing […]
“The world”, a luxury residential yacht visits Sri Lanka
Apr 09, 2015 (LBO) – Sri Lanka’s Colombo and Galle shores were recently visited by privately owned residential yacht “The World”, with hundred and sixty five residents on board from 19 different countries a statement said.The ship is 644 feet long and has 165 individual homes gives the experience of owning a luxury house which […]
Sri Lanka government’s 100 day programme gets UN support
Apr 09, 2015 (LBO) – The visiting United Nation’s assistant secretary-general and United Nation Development Plan’s regional director Haoliang Xu, had said that the UN and UNDP in particular is pleased to continue to it’s support for the 100 Day Programme, at the request of the Government.Xu made this comment at a discussion held with […]
Sri Lanka launches first electric car charge center
Apr 09, 2015 (LBO) – Sri Lanka launched the first electric power car charging station in Colombo yesterday aiming at implementing electric power to nurture the production of green electricity, a statement said.The center was declared opened on Tickel Road in the capital Colombo as the first step towards making 10 percent of all vehicles […]
Sri Lanka’s BOC GM on leave, not suspended: Chairman
Apr 09, 2015 (LBO) – Sri Lanka’s state owned Bank of Ceylon says that its General Manager, D M Gunasekara is on leave pending a special audit by internal and external auditors.“We felt it was appropriate to place the General Manager, Mr. D M Gunasekara, on leave, until investigations are completed such that the conduct […]
Sri Lanka’s political heads growl at each other over dissolving parliament
Apr 09, 2015 (LBO) – Sri Lanka’s superlative legislature is turning out to be a playground of contenders challenging each other to dissolve parliament ahead of a general election. After the defeat of a finance related regulation yesterday the opposition in show of its strength shouted at the government to dissolve parliament immediately thinking it […]
”’; revises outlook to positive
Apr 08, 2015 (LBO)- Sri Lanka’s Fitch Ratings has confirmed the rating on Hemas Holdings PLC’s outstanding senior unsecured debentures at ‘A+(lka)’. It has also published the company’s National Long-Term Rating of ‘A+(lka)’ and revised the outlook on the rating to positive from stable. The full statement reproduced below Fitch Ratings-Colombo/Sydney-08 April 2015: Fitch Ratings […]
Sri Lanka Treasury bill yields up: Central Bank
Apr 08, 2015 (LBO) – Sri Lanka’s Treasury yields were up on Wednesday’s auction with the increase of 12-month yield from 14 basis points to 6.90 percent, data from the state debt office showed.6-month yield was also up at 6.83 percent from 15 basis points and 11,200 million rupees were accepted from 20,150 million rupees. […]
SriLankan airlines, a haven for power abuse
Apr 08, 2015 (LBO) – The board appointed to inquire Sri Lanka’s national carrier, SriLankan Airlines said, the airline lacks a proper human resource policy which in turn creates opportunities for the abuse of power. Human resource is an integral part of any industry and SriLankan airline, a service industry is heavily based on manpower. […]
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Apr 08, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Central Finance Company PLC’s proposed senior secured debentures of up to 3 billion rupees an expected National Long-Term Rating of ‘A+ (lka) (EXP)’. The proposed debentures will have tenors of between three and five years, and fixed-rate coupons. The company plans to the proceeds […]
Sri Lanka’s government threatens to dissolve parliament
Apr 08, 2015 (LBO) – Sri Lanka’s United National Party led government on Tuesday threatened to dissolve parliament immediately if the opposition defeats the 19th amendment to the constitution.“We’ll anyway have a parliamentary election soon. So we are trying to pass the 19th amendment during this week it self,” “But if it gets defeated we […]