Author: lbostgadmin
Sri Lanka Treasury bill yields drop
May 13, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down across maturities at Wednesday’s auction with 6 and 12-month yields dropped by 0.04 basis points, data from the state debt office showed.6-month bill was closed at 6.22 percent while 12-month closed at 6.31 percent. 3-month yield was also dropped by 0.02 basis points […]
”s Merchant Finance on negative watch; withdraws rating
May 12, 2015 (LBO) – Sri Lanka’s Fitch Ratings has placed People’s Merchant Finance, national long term rating of ‘BB+(lka)’ on rating watch negative and simultaneously withdrawn the rating. Fitch is withdrawing the rating as the People’s Merchant Finance (PMF) has chosen to stop participating in the rating process, issuing a statement Fitch Ratings said. […]
Sri Lanka stocks close up at 0.6-pct
May 12, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.62 percent recording a two and a half month high with active trading seen in the manufacturing and finance sector stocks, brokers said. The Colombo benchmark All Share Price Index closed 44.98 points higher at 7,258.61 up 0.62 percent. The S&P SL20 closed 9.57 […]
Sri Lanka sells Rs6.5bn in 04 year bonds; 06 year bonds rejected
May 12, 2015 (LBO) – Sri Lanka has sold 6.50 billion rupees of four year bonds after calling bids for five billion rupees of bonds, the state debt office said.The debt office on Tuesday sold four year bond which maturing on 01 July 2019 at weighted average yield of 8.15 percent. The bond has received […]
‘s UNP challenges MR supporters to show majority for Prime Ministerial candidature
May 12, 2015 (LBO) – Sri Lanka’s ruling United National Party on Tuesday challenged those demanding the former President as Prime Ministerial candidature to show their majority in Parliament.Deputy General Secretary of UNP Akila Viraj Kariyawasam told reporters that the opposition is boasting to bring a no confidence motion against Prime Minister. “We challenge them […]
Sri Lanka will not have electricity tariff revisions in 2015: Minister
May 12, 2015 (LBO) – Sri Lanka’s Minister of Power and Energy says that there are no plans to increase the electricity tariffs this year.“We are not planning to increase the electricity tariffs during the course of this year,” Minister, Power and Energy, Patali Champika Ranawaka said. “This is because the Ceylon Electricity Board (CEB) […]
Sri Lanka’s Treasury has adequate funds to pay govt employees: Finance Minister
May 12, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that government has enough money to pay employees’ salaries and for ongoing infrastructure development projects.“We have enough money to pay government employees and for the projects,” Karunanayake said.“But we won’t pay for the projects which have no agreements.” He said this while replying […]
Sri Lanka’s President discuss 20th amendment with all political parties
May 12, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena Monday met leaders of all political parties and discussed the proposed electoral reforms at the Presidential Secretariat, President Office said.The cabinet paper pertaining to revise the electoral system, was also discussed at the meeting. The President informed all the party representative that in written suggestions […]
Sri Lanka’s 20A to support minority political parties: Minister
May 12, 2015 (LBO) – Sri Lanka’s proposed 20 amendment to the constitution is a step in the right direction for the country and does not discriminate minority political parties, a Minister said. “This first-past-the-post (FPP) system is not unfair towards any minority parties in the country. It has been analyzed since 1977 no short […]
Sri Lanka sells Rs6.5bn in 04 year bonds; 06 year bonds rejected
May 12, 2015 (LBO) – Sri Lanka has sold 6.50 billion rupees of four year bonds after calling bids for five billion rupees of bonds, the state debt office said.The debt office on Tuesday sold four year bond which maturing on 01 July 2019 at weighted average yield of 8.15 percent. The bond has received […]
Sri Lanka DFCC, NDB merger off; revisit option left open: NDB CEO
May 11, 2015 (LBO) – Sri Lanka’s National Development Bank (NDB), Chief Executive told LBO that although the merger with DFCC is off the option to revisit will be left open.“We believe that the termination of the MOU will give both institutions the flexibility to pursue their respective business strategies while leaving open a window […]
Sri Lanka’s Commercial Credit and Finance to issue Rs1bn debt
May 11, 2015 (LBO) – Sri Lanka’s Commercial Credit and Finance, to issue debenture to raise one billion rupees which will be listed on the Colombo Stock Exchange, the bank said in a stock exchange announcement. The company plans to offer 10,000,000, rated, subordinated, guaranteed, redeemable debentures at an issue price of 100 rupees each.The […]