Author: lbostgadmin
Economic growth in Asia Pacific up slightly to 5.9-pct in 2015: ESCAP
May 19, 2015 (LBO) – Economic growth in Asia and the Pacific is expected to increase only slightly to 5.9 percent in 2015 from 5.8 percent in 2014, a recent report revealed. “Economic growth in Asia Pacific continues to fare well in the global context,” the Economic and Social Survey of Asia and the Pacific […]
The Lord Mayor of the City of London Visits CSE
May 18, 2015 (LBO) – The Lord Mayor of the City of London visited the Colombo Stock Exchange (CSE) and took part in the Market Opening Ceremony. Yarrow also held discussions on the investment prospects of the Sri Lankan Capital Market and the potential for the growth of foreign direct investment under the new government. The […]
Sri Lanka stocks close lower at 0.05-pct
May 18, 2015 (LBO) – Sri Lanka’s stocks closed lower at 0.05 percent with the prevailing political uncertainty affecting investor sentiment, brokers said. The Colombo benchmark All Share Price Index closed 3.65 points lower at 7,255.02 down 0.05 percent. The S&P SL20 closed 11.94 points lower at 4,038.74 down 0.29 percent. Turnover was 1.1 billion […]
Sri Lanka Singer Plc to issue a debenture
May 18, 2015 (LBO) – Sri Lanka, Singer PLC, is to issue 20,000,000 rated senior unsecured redeemable debentures at an issue price of 100 rupees per share, the company said in a filing to Colombo Stock Exchange.The filing also said that the Colombo Stock Exchange has approved in principal an application for listing the debt […]
Sri Lanka will leave no room for power misuse: President
May 18, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena said that there won’t be any room left for the misuse of power and past incidents would be rectified.At a meeting held Sunday, President Sirisena asked, SLFP supporters whether they thought it would be right on his part, if he used his Presidential powers to […]
Disney film “Monkey Kingdom” filmed in Sri Lanka crosses US$14.3mn ticket sales
May 18, 2015 (LBO) – Sri Lanka tourism promotion office says, the Island is expecting a US tourism boom following the recently produced Disney documentary movie “Monkey Kingdom’s ticket sales crossing 14.3 million US dollars as at day 28 in United States. “This is a big win for Sri Lanka as in the documentary category […]
China, India sign 24 agreements and MOUs
May 18, 2015 (LBO) – China and India signed 24 agreements and MOUs aimed at boosting cooperation in areas including railways, aerospace, mineral exploitation, marine science and vocational education, foreign media reported.The agreements were signed during the recently concluded Indian Prime Minister Narendra Modi’s visit to China.“The two neighbors agreed to strengthen cooperation in marine […]
Sri Lanka’s DFCC and Vardhana bank to merge
May 18, 2015 (LBO) – Sri Lanka’s DFCC Bank and DFCC Vardhana Bank has applied to the Central Bank for provisional approval to merge, the banks said in a joint filing in the Colombo Stock Exchange.The statement said, the decision was made by the board of directors of DFCC and DVB after due consideration that […]
The “Jawana Shakthi Yaathra” marathon
The “Jawana Shakthi Yaathra” marathon was held on Saturday under the patronage of President Maithripala Sirisena.It was held under the theme “A country for tomorrow” to coincide with the National Energy Conservation Programme initiated by Minister Patali Champika Ranawaka.
Sri Lanka legalizes 19A
May 16, 2015 (LBO) – Sri Lanka’s Speaker Chamal Rajapaksa signed and legalized the 19th Amendment to the Constitution, passed in Parliament on April 28.The Speaker signed the blueprint of the constitutional amendment on Friday, a state media report said.The legislation dilutes many powers of executive Presidency in force since 1978, will come into force […]
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May 15, 2015 (LBO) – Sri Lanka Fitch Ratings has assigned Central Finance Company Plc’s issue of senior secured redeemable debentures of up to 3 billion rupees, a final National Long-Term Rating of ‘A+(lka)’. The Media Release reproduced below :- The final rating is the same as the expected rating assigned on 8 April 2015, […]
Sri Lanka wants investor support to transform economy, Promissed to ease of doing business :Ravi Karunanayake
May 15, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government is seeking investor support to develop the Island’s economy and assured it’s full support for improving the ease of doing business. “I’m sure the environment is rather buoyant for investors to come in. This is the time the Prime Minister […]