Author: lbostgadmin
Google to stop sending free SMS notifications from Google calendar
May 30, 2015 (LBO) – Google has announced that they are discontinuing their free SMS notification service from Google Calendar starting 27 June 2015. “SMS notifications launched before smartphones were available. Now, in a world with smartphones and notifications, you can get richer, more reliable experiences on your mobile device, even offline.” Google said. To […]
Silent protest against the brutal murder of student Vidya Sivaloganathan in Jaffna
Location: Colombo Fort Date: 29 May 2015 Participation: Lanka Teacher Services Union & All Ceylon Estate Workers Union
Sri Lanka’s bond auction sends positive signals to the world: CB Governor
May 29, 2015 (LBO) – Sri Lanka’s Central Bank Governor, Arjuna Mahendran says the local bond auction carried on a transparency manner and it sends positive signals to the business community around the world to invest in the Indian Ocean Island. “We wanted to develop our local bond market. We wanted to see the Sri […]
Sri Lanka’s inflation at 0.2-pct in May 2015
May 29, 2015 (LBO) – Sri Lanka’s consumer prices rose 0.2 percent in May 2015 from a year earlier, against the 0.1 percent recorded in April, the central bank said. The Colombo Consumer Price Index (CCPI) accelerated 0.7 percent in the month, after recording a 0.2 percent acceleration in April.CCPI increase was mainly caused by […]
Sri Lanka stocks close down 0.5-pct; JKH hits 52 week low
May 29, 2015 (LBO) – Sri Lanka’s stocks closed down 0.49 percent with John Keells Holdings closing at a 52 week low price and investors continuing to take profits, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 35.42 points lower at 7,220.29 down 0.49 percent. The S&P SL20 closed 34.38 points lower […]
”’; outlook stable
May 29, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Singer (Sri Lanka) national long term rating at ‘A-(lka) with a stable outlook. Singer’s rating reflects its strong share in the market for retail of consumer durables in Sri Lanka, where Singer and Abans Limited (BBB+(lka)/Negative) dominate with similar revenue shares, releasing a statment […]
‘s foreign reserves moving towards USD 9 bn: Ravi Karunanayake
May 29, 2015 (LBO) – Sri Lanka’s government plans to increase the Island’s foreign reserves to 9 billion US dollars, Finance Minister Ravi Karunanayake said. Sri Lanka’s foreign reserves would be close to 8.3 billion US dollars after proceeds from a 988 million dollar sovereign bond and development bond injection to the economy. “That is […]
Sri Lanka raise USD 988mn in sovereign and development bonds: CB
May 29,2015 (LBO) – The Central Bank of Sri Lanka (CBSL), on behalf of the government successfully launched and priced a 650 million US dollar, 10-year international sovereign bond (issue) at a yield of 6.125 per cent per annum on 28th May 2015, the bank said.CBSL also issued 329 million US dollar of Sri Lanka […]
Sri Lanka to probe highway corruption
May 29, 2015 (LBO) –Sri Lanka’s new rulers plan to establish a corruption investigation unit in the field of highways to probe any defects in administrative,technical,financial and other procedures that would cause a major loss to the government as the former regime has invested a lot in the field of highways. The proposal was made […]
Sri Lanka to obtain USD60mn loan from OPEC for road rehabilitation
May 29, 2015 (LBO) – Sri Lanka will obtain a loan facility of US 60 million dollars from the development fund of Oil Producing and Exporting Countries (OPEC) to rehabilitate and renovate the road from Baddula to Chenkaladi.The Cabinet has given approval for the proposal made by the Minister of Finance, Ravi Karunanayake to entre […]
Sri Lanka sign USD107mn deal for road development with ADB
May 29, 2015 (LBO) – Sri Lanka’s government signed a US 107 million dollar road development loan agreement with the Asian Development Bank (ADB), the bank said in a statement.“The US 107 million dollar second tranche loan agreement is part of a US 800 million dollar multi-tranche financing facility to upgrade roads,” the statement said. […]
”’: Fitch
May 29, 2015 (LBO) – Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. The full statement follows Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. KEY RATING DRIVERS The expected rating is in line with Sri Lanka’s Long-Term Foreign […]