Author: lbostgadmin
‘s ruling UNP to present new budget after winning general election
July 03, 2015 (LBO) – Sri Lanka’s ruling United National Party on Friday said they are presanting a new budget if they win the upcoming general election. Former Deputy Minister of Economic Policy, Dr. Harsha de Silva responding to a question raised by LBO said they are yet to decide on the super gain rax […]
Sri Lanka gross borrowings down 22.5-pct from Jan to Apr 2015
July 03, 2015 (LBO) – Sri Lanka’s government debt operations indicated total gross borrowing as 569.8 billion rupees during the first four months of this year, down 22.5 percent from the same period last year. Out of the total, 530.6 billion rupees was domestic borrowings and balance 39.2 billion rupees was the foreign borrowings, 2015 […]
Sri Lanka Ports Authority profits down 13.5-pct from Jan to Apr 2015
July 03, 2015 (LBO) – Sri Lanka Ports Authority profits have declined by 13.5 percent during the first four months of this year compared to same period in the previous year, 2015 mid year fiscal responsibility report said. The Authority recorded a profit before tax of 3.2 billion rupees during the first four months of […]
Sri Lanka CPC loss Rs5bn in the first four months to April 2015
July 2, 2015 (LBO) – Sri Lanka’s Ceylon Petroleum Corporation, reported a loss of 5 billion rupees by the end of month of April 2015 despite the oil price reduction of the world market, state statistics report showed.The CPC’s total cost of the petroleum products imports during the first four month is around 90 billion […]
SriLankan airline loss Rs4.9bn in first four months of 2015
July 2, 2015 (LBO) – Sri Lanka’s state owned SriLankan airline recorded a loss of 4.9 billion rupees during the first four months of 2015, statistics shows.This has been resulted to increase the accumulated losses of the airline to 130.9 billion rupees. The airline reported a revenue of 39.6 billion rupees during the period, which […]
No plans to take any action against CB Governor: Lakshman Kiriella
July 02, 2015 (LBO) – Sri Lanka’s Central Bank Governor, Arjuna Mahendran would not be removed from his post since the allegations are false, former leader of the house Lakshman Kiriella told reporters Thursday.“We are not planning to take any action against him,” Kiriella said.“There were three draft reports on this bond issue, But none […]
Sri Lanka sells Rs2.0bn in 04 and 07 year bonds
July 02, 2015 (LBO) – The issue of treasury bonds amounting to 10 billion rupees have been oversubscribed with 18 billion rupees of bids received from investors.The central bank has accepted one billion rupees of four year bonds maturing on 01 May 2020 at a weighted average yield rate of 8.20 percent. The bond auction […]
‘s common opposition will receive only 55 seats: Lakshman Kiriella
July 02, 2015 (LBO) – Sri Lanka’s ruling United National Party predicting the results of the upcoming general election said they are targeting over 115 seats and the common opposition receives only 55 seats in the Parliament.Former leader of the house and Plantation Industries Minister Lakshman Kiriella told reporters Thursday that they will drag most […]
Nawaloka Hospitals commences Rs2.5bn construction of multi-story car park
July 2, 2015 (LBO) – Sri Lanka’s Nawaloka Hospitals commenced construction of a 14 floor multi-storey car park and specialist center adjacent to the existing hospital complex with an investment of 2.5 billion rupees, the company said in a press release.This fifth phase of expansion of capacity since the hospital’s inception, will add 450,000 square […]
Commercial Leasing and Finance to issue debt
July 2, 2015 (LBO) – Sri Lanka’s Commercial Leasing and Finance to issue 50,000,000 rated, senior, unsecured, redeemable debentures at an issue price of 100 rupees each, the company said in a filing to stock exchange.The company says the Colombo Stock Exchange has approved the application for listing the debt securities of the company.The subscription […]
Joint Business Chambers urges political parties to nominate candidates of repute for elections
July 02, 2015 (LBO) – Sri Lanka’s Joint Business Chambers calls political parties to nominate candidates of repute for upcoming general election and endorse the ‘March 12th Declaration” an initiative of PAFFREL and the ‘Citizens’ Collective’, which identifies a set of minimum criteria that the political parties should use, in selecting candidates for all future […]
Lanka Rating Agency not entitled in law to carry on business as a Credit Rating Agency nor review ratings: SEC
July 1, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission of Sri Lanka (SEC), at its meeting held on the 29th of June 2015, decided that due notice be given to members of the public that, registration of Lanka Rating Agency Limited (LRA) as a Market Intermediary under the category of ‘Credit Rating Agency’ […]