Author: lbostgadmin
‘s accusations ; Ready for TV debate
May 24, 2015 (LBO) – Sri Lanka’s former Central Bank Governor Ajith Nivard Cabraal said that the recent accusations aganist him were made to shift the country’s attention away from the current Treasury bond scam which took place under “Yahapalanaya” rule and challenged a television debate. “My attention is drawn to several recent accusations and […]
Sri Lanka lacks officers to investigate large scale corruptions: PM
May 23, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe Friday said that the country lacks officers to investigate large-scale corruption, fraud and irregularities and the professionals who have the knowledge are not keen to do so.“As the new government, we are in the process of exposing large-scale corruption, fraud and irregularities which have […]
63rd LBR LBO CEO Forum – “Reimagining Debt Capital Market to Unlock Opportunities & Sustain Growth” – 4th June 2015
Topic: Re-imagining Debt Capital Market to Unlock Opportunities & Sustain Growth in Sri Lanka Date/Time: Thursday 4th June 2015 | 1800 – 2100 Hrs Keynote Speakers: Ajith Fernando | Managing Director, CEO | Capital Alliance Kartik N | Director Debt Capital Markets, Asia Pacific | HSBC Moderator: Maninda Wickramasinghe | Country Head Managing Director / CEO […]
Sri Lanka FM meets German Foreign Minister; extends invitation to visit Sri Lanka
May 23, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera on Friday met German Foreign Minister Dr. Frank Walter Steinmeier at the German foreign office in Berlin and extended an invitation to visit Sri Lanka, the Foreign Ministry said. “Our immediate priority is to reset the investment climate by making Sri Lanka a secure, efficient […]
Cabinet approves consultancy contract for Southern Road Connectivity Project
May 22, 2015 (LBO) – Sri Lanka’s cabinet has approved a contract to supply consultancy services for the Southern Road Connectivity Project as recommended by the cabinet appointed consultants procurement committee, the government said.33 kilometers of national highways that provide access to the southern expressway will be developed under this loan assistance.The Asian Development Bank […]
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May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s outlook to negative from stable due to continued deterioration in bank’s capitalisation amid aggressive loan growth.The full statement reproduced below Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s (PABC) Outlook to Negative […]
Sri Lanka’s stocks surge on positive earnings reports
May 22, 2015 (LBO) – Sri Lanka’s stocks rose 15.04 points, Friday following a slump yesterday mainly due to positive earnings reports and dividend announcements, brokers said. The All Share Price Index rose 15.04 points (0.21%) to end at 7,288.74 while the S&P SL 20 index dipped by 1.49 points (0.04%) to end at 4,067.14. […]
Shangri-La launches 500mn US dollar luxury apartments and office complex project in Colombo
May 22, 2015 (LBO) – Hong Kong based Shangri La Hotels and Resorts, a property developer and hotel group launches 500 million US dollars of exclusive residences, office and retail project in Galle Face, Colombo targeting at foreign investors, expatriates and an expanding class of influential Sri Lankans. The residences component will have 406 apartments […]
Sri Lanka should move from debt finance led growth to export and FDI directed growth: Saman Kelegama
May 22, 2015 (LBO) – Sri Lanka’s economy should move towards export and foreign direct investment led growth, to maintain a sustainable growth, a senior economist said. “Sri Lanka needs to shift from debt finance investment and consumption led growth to a more export and foreign direct investment led growth,” Saman Kelegama, Executive Director, Institute […]
Foreign Affairs Minister Mangala Samaraweera in Germany
PIC 01: Friedrich Naummann Stiftung PIC 02: Meeting Members of the Bundestag Committe on Economic Development PIC 03: Observing Chancellor Merkel’s Speech at the Bundestag PIC 04: Parliamentary State Secretary for Economic Cooperation and Development PIC 05: Vice President of the German Bundestag PIC 06: Welcomed by Board Member of Feriedrich Naummann Stiftung
Sri Lanka’s private sector credit to grow further: Monetary Policy Review – May 2015
May 22, 2015 (LBO) – Sri Lanka’s Central Bank said, that private sector credit would expand in the period ahead given the low interest rate regime. Accordingly, credit obtained by the private sector from commercial banks increased by 13.9 per cent in March 2015 on a year-on-year basis, the regulator said in its monetary policy […]
Sri Lankan businesses should look at CEPA as a compliment not substitute: Economist
May 22, 2015 (LBO) – Sri Lankan businesses should look at the extension of the Comprehensive Economic Partnership Agreement (CEPA) as a compliment to their businesses and not as a substitute, a senior economist said. Razeen Sally, an Associate Professor of Singapore Lee Kuan Yew School speaking at the LBR LBO CEO forum called local […]