Author: lbostgadmin
Boardrooms should be at least 1/3 women – MP Balasuriya to table legislation on Tuesday
March 8, 2019 (LBO) – In a move that is likely to have a wide impact across corporate boardrooms throughout Sri Lanka, Joint Opposition Member of Parliament Hon. Tharaka Balasuriya is scheduled on Tuesday to present legislation in Parliament that aims to bring significantly more women onto Sri Lankan corporate boards. The move, if successful, […]
Sri Lankan Marini de Livera honored with Intl. Women of Courage Awards 2019
Ten extra ordinary women from around the world were honored with International Women of Courage Awards ( IWOC ) 2019 at the US State Department on 07th March 2019.Sri Lankan Marini de Livera was among the awardees from Bangladesh, Burma, Djibouti, Egypt, Jordan, Montenegro, Peru, Tanzania and Ireland who were felicitated by the State Department. […]
‘s Day
In recognition of International Women’s Day, SriLankan Airlines operated its first all-female crew flight from Colombo to Singapore and return.UL306 of 8th March ’19 landed in Singapore carrying more than 170 passengers onboard. The flight was piloted by Captain Simran Ghumman, First Officer Maneesha Nambuge accompanied by purser Miranda Rodrigo and the cabin crew – […]
Sri Lanka’s bond to be listed on LSE’s International Securities Market for first time
Mar 08, 2019 (LBO) – Sri Lanka’s successful international sovereign bond offering is expected to be listed on the London Stock Exchange (LSE), to be admitted to the LSE’s International Securities Market (ISM) for the first time, the Central Bank said. This is in addition to the listing on the Singapore Exchange Securities Trading Limited (the […]
Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering
March 8, 2019 (LBO) – In possibly the most significant economic development since Sri Lanka’s constitutional crisis dealt a devastating blow to her economy, the nation has successfully tapped the international markets in a large sovereign bond offering. According to a Reuters report, Sri Lanka has raised US$2.4bn in 5 and 10 year bonds, with […]
”s senior unsecured US dollar bonds
Mar 07, 2019 (LBO) – Moody’s Investors Service has today assigned a B2 rating to the Government of Sri Lanka’s senior unsecured US dollar-denominated bonds. The rating is based on the preliminary offering memorandum received today, Moody’s Investors Service said. The bonds will rank pari passu with the Government of Sri Lanka’s current and future senior unsecured external […]
Pakistan High Commissioner meets Opposition Leader Mahinda Rajapaksa
High Commissioner of Pakistan, Major General (R) Dr. Shahid Ahmad Hashmat paid a courtesy call on Opposition Leader of Sri Lanka, Mahinda Rajapaksa on March 6, 2019. The High Commissioner briefed him on the latest security situation in the region.He underscored Pakistan’s desire for peace and stability in the region and resolution of all issues […]
Colombo Land Price Index records 18-pct increase in 2H 2018
Mar 07, 2019 (LBO) – Land Price Index (LPI) for Colombo District, compiled by the Central Bank reached 125.9 during the 2nd half of 2018, recording an increase of 18 percent compared to the 2nd half of 2017.The three sub-indices of LPI, namely residential, commercial and industrial have contributed to this increase. LPI is compiled covering […]
‘s new VAT laws
Mar 07, 2019 (LBO) – Condominium developers are urging buyers to profit from the new VAT laws as all condominiums are about to go up in price soon.After the 1st of April, any condominium buyer will have to pay 15 percent VAT on top of the purchase price.Eduard Hempel, Director of Tamba Villas says that […]
Stock investor Nimal Perera takes to twitter to bash the CSE
March 7, 2019 (LBO) – Controversial stock market investor Nimal Perera has taken to twitter to make critical remarks about the poor performance of the Colombo Stock Exchange (CSE). His remarks centred on the dismal trading volume and lack of IPOs in the market. In October Nimal Perera disclosed his stock positions to the Daily […]
‘s upcoming USD bonds an expected rating of B (EXP)
Mar 07, 2019 (LBO) – Fitch Ratings has assigned Sri Lanka’s upcoming US dollar-denominated bonds an expected rating of ‘B (EXP)’. The rating agency said the expected rating is in line with Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B’ with a stable outlook. The agency, however, said that the rating would be sensitive […]
‘s former CB Gov. Mahendran on INTERPOL red alert for 2nd time
Mar 07, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena said the INTERPOL has issued a red notice for the arrest of absconding former Central Bank Governor Arjuna Mahendran for the second time after hearing an appeal. He said that Mahendran has appealed to INTERPOL against the red notice issued earlier and a judge was […]