Author: lbostgadmin
‘s President to probe irregularities in the stock market
Mar 10, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed a commission of inquiry headed by Supreme Court Justice Priyasath Dep to probe corruption and abuse of power, president’s media said.The newly set up commission will probe into matters including illegal acquisition of lands, irregularities in the stock market and the handling of […]
Sri Lanka development bonds oversubscribed by 3.45 times
Mar 10, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 50 million US dollars have been oversubscribed with 172.5 million US dollars of bids received from investors.The central bank has accepted 156.5 million US dollars of three year bonds at a rate of 6 month US dollars LIBOR plus a weighted […]
Sri Lanka should re-position itself as the original “Sapphire Hub”: Official
Mar 10, 2015 (LBO) – Sri Lanka’s blue sapphire should be re positioned to its original “Sapphire hub” status by creating global awareness through value addition, a senior official said. “Sri Lanka lays claim to over 70 coloured gemstones out of 200 found globally including the best blue sapphire of the world, but are we […]
’s govt. will not allocate money for development projects with no agreements: Finance Ministry
Mar 10, 2015 (LBO) – Sri Lanka’s Finance Ministry will not allocate funds for the development projects which don’t have legitimate agreements, Minister Ravi Karunanayake said earler today in Colombo. “We have not reduced a single cent from the allocation of the development projects which are legitimate,Karunanayake told journalists.We won’t pay the money,if there is […]
’s President
Mar 10, 2015 (LBO) –Sri Lanka’s President Maithripala Sirisena held bilateral discussions with Britain’s Secretary of State for Defence, Michael Fallon,March 9, 2015 in London. President Sirisena is on an official visit to the UK.
Sri Lanka development bonds oversubscribed by 3.45 times
Mar 10, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 50 million US dollars have been oversubscribed with 172.5 million US dollars of bids received from investors. The offer was opened from 02 to 09 March for bidding with the settlement on 16 March 2015. The central bank has accepted 156.5 […]
Sri Lanka appoints a three member committee to probe Treasury bond allegation
Mar 10, 2015 (LBO) – A three member board was appointed today by the Prime Minister of Sri Lanka to probe the alleged Treasury bond allegation, Prime Minister’s office said in a statement.It also said that the government will take necessary steps according to report of findinhs of this committee. The statement reproduced below :- […]
‘s Highways and Investment Ministry clarifies controversial bond issue
Mar 09, 2015 (LBO) – Sri Lanka’s Highways and Investment Promotions Ministry said that it had asked for funds from the Finance Ministry but had no control over the decision to issue an extra 30-year bonds two weeks ago.The Ministry said in a statement that most of the projects carried out by the then Ministry […]
Sri Lanka Telecom Group gets a new CEO
March 09, 2015 (LBO) – Sri Lanka Telecom, the national telecommunications provider has appointed Dileepa Wijesundera as their new group chief executive officer, with effect from 9th March 2015.Wijesundera, an engineer by profession held key positions in the country’s public sector including the chairmanship of Sri Lanka Ports Authority, Sri Lanka Land Reclamation and Development […]
‘s president to appoint a committee to probe bond market allegations
Mar 09, 2015 (LBO) – Sri Lanka’s president Maithripala Sirisena has instructed his secretary to appoint a three member committee to investigate bond market allegations leveled against the central bank bond issue.The full text of the press release issued by the presidential secretariat is reproduced below. Media Release President to appoint a 3-member Committee to […]
Sri Lanka to raise 30 billion rupees from treasury bonds: CBSL
Mar 09, 2015 (LBO) – Sri Lanka’s Central Bank has decided to issue 30 billion rupees of treasury bonds soon after accepting 10 billion rupees from a controversial bond issue.The bank will auction three types of bonds tomorrow at 10 billion rupees each. “The Government’s immediate needs for cash to make payments for the bills […]
Sri Lanka govt. investigation on Port City to be closely monitored by China
Mar 09, 2015 (LBO) – Sri Lanka to be closely watched by Chinese government with regard to suspension work of the 1.4 billion US dollar sea reclamation project, an official said The new rulers decided to temporarily suspend the controversial Colombo Port City project last week in line with the review outcomes of relevant Technical […]