Author: lbostgadmin
Sri Lanka’s National Development Bank subordinated debentures rated A+(lka): Fitch Ratings
Jun, 01, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has assigned National Development Bank proposed subordinated debentures of up to 10 billion rupees a final National Long-Term Rating of ‘A+(lka)’. Full statement follows Fitch Ratings Lanka has assigned National Development Bank PLC’s (NDB; AA-(lka)/Stable) proposed subordinated debentures of up to LKR10bn a final National […]
‘s highways ministry replies former president Rajapakse; RDA obtained loans providing false docs
June 1, 2015 (LBO) – Sri Lanka’s Ministry of Highways and Investment Promotion says road development funds has been misused during the Rajapakse regime and the Road development Authority has even obtained a loan from National Savings Bank providing false documents during the period. The ministry said this in a statement today, in replying to […]
Sri Lanka asked exporters, expats to bring dollars back to the Island: Promised a higher interest rate
June 01, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake urged all Sri Lankan exporters and expatriates to bring their money back to the country and promised the government will pay a higher interest rate, above the foreign banking and financial institutions.“We will not have to go after foreign Bond issues if these funds […]
Sri Lanka to get USD50mn loan for early childhood development project
June 01, 2015 (LBO) – Sri Lanka will hold discussion with World Bank to obtain a loan facility of 50 million US dollars to develop an early childhood development project,in the island, Cabinet Spokesman Rajitha Senaratne told media at a press briefing held recently.“The government’s development strategies have identified the importance of making more investment […]
Sri Lanka’s telcos should provide high speed broadband infrastructure to face digital era: Dialog Chief
June 01, 2015 (LBO) – Sri Lanka’s telecom operators should provide high speed broadband infrastructure to cope up with the emerging digital era in the world and provide more network sharing to cut operating costs, Dialog Chief Executive Hans Wijayasuriya told shareholders in the annual report.“Structural transformation and industry profitability telecommunications operator’s world over, along […]
Sri Lanka appoints committee to look into Chinese port city continuation
May 31, 2015 (LBO) – Sri Lanka’s government plans to appoint a committee to consider the ability of permitting the continuation of the controversial Chinese funded project, after correcting the lapses and procedures, Cabinet Spokesman Rajitha Senarathne said.The proposal was made by Prime Minister Ranil Wickramasinghe in his capacity as the Minister of policy planning […]
FIFA President Blatter re-elected to a fifth term despite corruption allegations
May 30, 2015 (LBO) – Incumbent FIFA President Joseph S.Blatter was re-elected for a fifth term of office by the 65th FIFA Congress held in Zurich Friday. The election results came amid a major bribery scandal being investigated against him by US and Swiss that pushed soccer’s governing body into the worst crisis in its […]
Google to stop sending free SMS notifications from Google calendar
May 30, 2015 (LBO) – Google has announced that they are discontinuing their free SMS notification service from Google Calendar starting 27 June 2015. “SMS notifications launched before smartphones were available. Now, in a world with smartphones and notifications, you can get richer, more reliable experiences on your mobile device, even offline.” Google said. To […]
Silent protest against the brutal murder of student Vidya Sivaloganathan in Jaffna
Location: Colombo Fort Date: 29 May 2015 Participation: Lanka Teacher Services Union & All Ceylon Estate Workers Union
Sri Lanka’s bond auction sends positive signals to the world: CB Governor
May 29, 2015 (LBO) – Sri Lanka’s Central Bank Governor, Arjuna Mahendran says the local bond auction carried on a transparency manner and it sends positive signals to the business community around the world to invest in the Indian Ocean Island. “We wanted to develop our local bond market. We wanted to see the Sri […]
Sri Lanka’s inflation at 0.2-pct in May 2015
May 29, 2015 (LBO) – Sri Lanka’s consumer prices rose 0.2 percent in May 2015 from a year earlier, against the 0.1 percent recorded in April, the central bank said. The Colombo Consumer Price Index (CCPI) accelerated 0.7 percent in the month, after recording a 0.2 percent acceleration in April.CCPI increase was mainly caused by […]
Sri Lanka stocks close down 0.5-pct; JKH hits 52 week low
May 29, 2015 (LBO) – Sri Lanka’s stocks closed down 0.49 percent with John Keells Holdings closing at a 52 week low price and investors continuing to take profits, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 35.42 points lower at 7,220.29 down 0.49 percent. The S&P SL20 closed 34.38 points lower […]