Author: lbostgadmin
‘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 […]
Modi plans to script a golden chapter in Indo – Lanka relationship
Mar 09, 2015 (LBO) – Indian Prime Minister Narendra Modi who is set to visit Sri Lanka on March 13 and 14 and said he planned to take Indo-Lanka relations to a new level during his visit.œIndia is committed in its support for Sri Lanka’s development and am sure together we are going to script […]
Sri Lanka ruling party says electoral reforms would be brought; election dates may change
Mar 09, 2015 (LBO) – Sri Lanka’s ruling United National Party (UNP) today said that electoral reforms would be brought in the forthcoming elections if all other parties agreed.The new government had said that it would hold the election on of April 23. Kariyawasam said this date might change.According to the 100-day programme we will […]
Sri Lanka tourist arrivals up 16.7-pct
Mar 09, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 16.7 percent to 165,541 in February 2015 from a year earlier with a surge in tourist arrivals from China, data from the state tourism promotion office showed. In the past two months of 2015 tourist arrivals were up 11.6 percent to 321,787. Arrivals from China […]
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 […]
‘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 […]
‘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 of Finance determines the manner in which the said funding is raised.” This statement […]
’s order to halt work
Mar 08, 2015 (LBO) – A Chinese firm who build the port city in Sri Lanka said it has received official communication from the Sri Lankan government to postpone ongoing work of the 1.4 billion US dollar project, with immediate effect and will comply accordingly. However the firm also said that it will all necessary […]
Sri Lanka Policy Planning ministry issued a statement on bond auction : Alleged malpractices to be probe
Mar 07, 2015 (LBO) – Sri Lanka’s Ministry of Policy Planning and Economic affairs has issued a statement on the controversial bond auction and said that the government would investigate on alleged malpractices which are taking place at the Public Debt Department during bond auctions and private placements. It will also investigate the alleged malpractices […]
‘s stated capital reduced
Mar 06, 2015 (LBO) – Sri Lanka’s Softlogic Capital on Friday obtained the shareholder approval to reduce its stated capital, a statement said.The decision has been made at an extraordinary general meeting which eventually intends to reduce the accumulated losses of the company. According to a previous statement issued by the company, the amount of […]