Author: lbostgadmin
Sri Lanka to reduce its carbon foot print in energy production by switching to gas
June 11, 2015 (LBO) – Power and Energy Minister says Sri Lanka will stop using fuel based power plants and convert to natural gas in future to reduce the Island’s carbon foot print.“We have recently retired; high pollution and high cost fuel based power stations totaling 220MW,” “And are in the process of switching another 655 […]
‘s President appoints another round of deputy ministers
June 10, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed four Parliamentarians as Deputy Ministers on Wednesday evening. Wijaya Dahanayake has been appointed as the Deputy Minister of Public Order and Christian Affairs while Sanath Jaysuriya has been appointed as the Deputy Minister of Provincial Council and Provincial Development. Thilanga Sumathipala was sworn […]
Iranian merchant ship not carrying crude oil to Sri Lanka: Ministry of Foreign Affairs
June 10, 2015 (LBO) – Sri Lanka’s Ministry of Foreign Affairs said that the country will not unload any cargo of the Iranian merchant ship, F Whale and it is not carrying crude oil shipment to state-run Ceylon Petroleum Corporation. “We have information that the vessel of the name of F Whale under the Panama […]
Sri Lanka stocks close down 0.2-pct for third straight day
Jun 10, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.19 percent for the third consecutive day with investors continuing to keep away from trading due to the unstable political climate in the country, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 13.43 points lower at 7,053.68 down 0.19 percent. The […]
‘s Foreign Minister to visit Japan next week
June 10, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera will visit Japan from 17 to 20 June as a Guest of Japanese Foreign Affairs Minister Fumio Kishida.During the visit, Samaraweera will hold bilateral discussions with Minister Kishida on issues of mutual interest including promoting cooperation in the political, economic and cultural spheres, in […]
Sri Lanka’s three month treasury bill yields up
June 10, 2015 (LBO) – Sri Lanka’s six and twelve month treasury bill yields close flat at Wednesday’s auction with the three month yield up by one basis point, data from the state debt office showed.3-month yield was up at 6.08 percent with 13,974 million rupees were accepted from 19,770 million rupees of bids.6-month yield […]
Sri Lanka’s Seylan Bank launches new breed of credit cards
June 10, 2015 (LBO) – Sri Lanka’s Seylan Bank launched a new line of credit cards eliminating all fees and slashing down the interest rate, the bank said.“We found that while consumers appreciate the security and convenience offered by credit cards, they are increasingly weary of the plethora of fees charged,” Kapila Ariyaratne, Director and […]
Sri Lanka’s E B Creasy and Lankem reassess direct and indirect investments
Jun 10, 2015 (LBO) – Sri Lanka’s E B Creasy and Lankem says they have assessed their direct and indirect investments and categorized some of them as associates.According to the Sri Lanka financial reporting standard 10, these two companies have determined that it does not control the below mentioned indirect investments and they should not […]
SEC issues directive to hold debt issue of EAP Broadcasting
June 10, 2015 (LBO) – Sri Lanka’s securities watch dog issued a directive to EAP Broadcasting to hold its debt issue citing a conflict of interest arising in the credit rating of the company’s debenture.The decision was taken at a meeting of the Securities and Exchange Commission of Sri Lanka held Monday (09),2015 which deliberated […]
China, Sri Lanka pledge to strengthen military cooperation
Jun 10, 2015 (LBO) – China and Sri Lanka said they would strengthen military cooperation following Chinese Defense Minister Chang Wanquan meeting with Navy Commander Jayantha Perera in Beijing, China.“China is willing to make full use of the dialogue, expand cooperation and exchanges in various fields and levels, and maintain the smooth development of military-to-military ties,” […]
Sri Lanka stocks close down 0.2-pct: Political uncertainty keeps investors away
Jun 09, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.16 percent with investors keeping away due to the prevailing unstable political climate and losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 11.55 points lower at 7,067.11 down 0.16 percent. The S&P SL20 closed 8.48 points […]