Author: lbostgadmin
Fitch Ratings to host Sri Lanka investment fund and asset management forum
July 10, 2015 (LBO) – Fitch will host an investment fund and asset management forum in Sri Lanka in September, the rating agency said in a statement. “Leading market participants, including issuers, investors, and bankers, will discuss developments in the asset management industry globally both in terms of asset classes and regulatory developments,” the statement […]
NWSDB to improve pipe water facility with Rs3.5 bn investment
July 9, 2015 (LBO) – Sri Lanka’s cabinet of ministers have given approval for National Water Supply and Drainage Board to obtain a loan facility of 3449 million rupees to implement 22 water supply projects, cabinet spokesman said.The loan will be taken from Bank of Ceylon.The proposal was made by Minister Rauf Hakeem to issue […]
General election nominations not finalized, anything can change: Rajitha Senaratne
July 09, 2015 (LBO) – Nomination for upcoming general election of Sri Lanka is not finalized and yet to get President Sirisena’s approval, Cabinet Spokesman Rajitha Senaratne said.“We have submitted several proposals to President Sirisena and we proposed not to give nomination for people who are involved in corruption allegations and drug cases,” Senaratne told […]
Hambantota port second stage water filling this weekend
July 09, 2015 (LBO) – The water filling ceremony of Hambantota port second stage is to be held on 11 July 2015 with the initiatives of Ports Minister Arjuna Ranathunga, the Sri Lanka Ports Authority said.The main construction work of the phase one was officially commenced on 15 January 2008 and the first vessel was ceremonially […]
Sri Lanka sells Rs31.2 bn in 4, 6 and 7 year bonds
July 09, 2015 (LBO) – The issue of treasury bonds amounting to 40.0 billion rupees have been oversubscribed with 74.0 billion rupees of bids received from investors. The Central Bank has accepted 11.-super-force online https://www.mabvi.org/wp-content/themes/mabvi/images/new/levitra-super-force.html no prescription 5 billion rupees of four year bonds maturing on 01 May 2020 at a weighted average yield rate […]
Sri Lanka stocks close up 0.3-pct; JKH gains
July 09, 2015 (LBO) – Sri Lanka’s stocks closed up 0.34 percent on Thursday, following three consecutive day of losses, with index heavy stocks and banks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 23.26 points higher at 6,947.98 up 0.34 percent. The S&P SL20 closed 26.92 points higher at 3,877.29 […]
Sri Lanka projects have to be reassessed to reflect realistic numbers with GDP change: Harsha
July 09, 2015 (LBO) – Sri Lanka projects that based their assumptions using old GDP numbers have to be reassessed to reflect more realistic numbers, former Deputy Minister of Policy Planning Harsha de Silva said.Department of Census and Statistics on Thursday revealed that the growth numbers in the last two years has been reduced significantly […]
”’
July 09, 2015 (LBO) – Sri Lanka’s Fitch ratings announced a correction to the rating published on 28 May 2015 to include disclosure language relating to Central Bank of Sri Lanka’s shareholding in Fitch Ratings Lanka Ltd that was missing from the previous version. The full statement follows: Correct: Fitch Rates Sri Lanka’s USD Bond […]
Sri Lanka’s growth rate numbers reduced in last two years with new base year change
July 09, 2015 (LBO) – Sri Lanka’s growth numbers in the last two years have been reduced with a new re-basing of national accounts estimates, Department of Census and Statistics said. Accordingly the growth rate for last year has been reduced from 7.4 percent to 4.5 percent and the growth in 2013 has been reduced […]
Sri Lanka and Australia to increase trade
July 9, 2015 (LBO) – The Sri Lanka Australia Chamber of Commerce (SLACC) was officially launched at the New South Wales Business Chamber Head Office in Sydney, Australia to increase trade activities between the two countries, a statement said. The SLACC is the first, and only integrated bilateral Chamber umbrella constituted in Australia, to foster […]
Greek Banks extend daily limit on ATMs
July 09, 2015 (LBO) – The government of Greece has extended bank closures and a 66 US dollar daily limit on ATM withdrawals until Monday, Foreign Media reports said.The European Central Bank has decided not to increase support for Greek banks until the debt crisis is resolved, the report said. This is ahead of the […]
The NYSE resumes trading after technical failure; rejects reports of cyber attack
July 09, 2015 (LBO) – The New York Stock Exchange resumed its trading activities after the exchange facing a major technical failure that suspended trading on Wednesday afternoon.“The issue we are experiencing is an internal technical issue and is not the result of a cyber breach,” the NYSE said in a statement.“We chose to suspend […]