Author: lbostgadmin
Sri Lanka sells $100mn of 5 year development bonds; rejects all bids at 2 and 3 years
Mar 27, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 100 million US dollars of bids received from investors. The central bank has accepted 100 million US dollars of five year bonds at a rate of 6 month US dollars LIBOR plus a […]
”; outlook stable
Mar 27, 2015 (LBO) – Fitch Ratings has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. The full text is reproduced below. Fitch Ratings-Colombo-27 March 2015: Fitch Ratings Lanka has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS […]
‘BB-: New taxes will hasten industry consolidation
Mar 02,2015 (LBO) Fitch Ratings has affirms Sri Lanka Telecom’s (SLT) long-term foreign- and local-currency ratings at ‘BB-‘ and national long-term rating at ‘AAA(lka)’ with a stable outlook. However it said with the new adjustments of the new administration’s interim budget SLT is likely to pay around 3.5- 4 billion rupees in additional taxes. Fitch […]
‘s President appoints a new law commission
Mar 27, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed new members for the law commission, justice ministry said in a statement.The law commission act provides that suitable eminent persons who have held or hold judicial office, or have experience as attorneys-at-law or teachers in law or are academically qualified in law can […]
Sri Lanka’s NDB-DFCC merger awaiting new regime’s go ahead
Mar 27, 2015 (LBO) – Sri Lanka’s National Development Bank (NDB) and DFCC Bank says that they are still awaiting a decision from a committee appointed by the new government who are investigating all the consolidations which were done and pending under the previous regime. “We have made our submissions and as of today NDB […]
” with a stable outlook : Rating agency
Mar 27, 2015 (LBO) – Fitch Ratings Lanka has affirmed Siyapatha Finance PLC’s (SLFL) national long-term rating at ‘A(lka)’ with a stable outlook, the rating agency said in a media statement. The agency has also affirmed SLFL’s outstanding senior unsecured debentures at national long-term rating of ‘A(lka)’ and outstanding subordinated debentures at ‘A-(lka)’. The full […]
” : Fitch Ratings
Mar 27, 2015 (LBO) – Sri Lanka Fitch Rating has rated Sri Lankan based AMW Capital Leasing and Finance PLC’s (AMCL), national long term rating to ‘BBB+lka)’ from ‘BB-(lka)’ with a stable outlook the rating agency said in a statement. The multiple-notch upgrade follows Fitch’s assessment of support from its 90 percent-parent, Associated Motorways Limited […]
Sri Lanka to get Chinese funded hospital for kidney patients; China to support SL on alleged human rights issues
Mar 27, 2015 (LBO) – Sri Lanka will get aid from the Government of China to build a hospital with all the modern facilities to cater to patients with kidney diseases, president Sirisena’s office said in a media release.The Chinese President Xi Jinping has agreed to provide assistance to build the hospital at the request […]
Sri Lanka sells $100mn of 5 year development bonds; rejects all bids at 2 and 3 years
Mar 27, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 100 million US dollars of bids received from investors.The central bank has accepted 100 million US dollars of five year bonds at a rate of 6 month US dollars LIBOR plus a weighted […]
Sri Lanka to connect Colombo Tea auction’s brokers and buyers through a mobile platform with live feeds
Mar 26, 2015 (LBO) – Sri Lanka to connect tea brokers and buyers, providing a mobile based live feed that delivers real-time information directly to tea buyers, by pushing sale information that is captured by tea brokers at each auction room, a media release said. The newly launched “mAuction”, a mobile solution for the Colombo […]
Sri Lanka shares down 0.7-pct
Mar 26, 2015 (LBO) – Sri Lanka’s shares were down Thursday for the fourth consecutive day with the benchmark index not recovering following yesterday’s dip below the 7,000 mark, brokers said. The Colombo benchmark All Share Price Index closed 50.20 points lower at 6,922.83, down 0.72 percent. The S&P SL20 closed 30.49 points lower at […]
Sri Lanka’s government urge private sector wage increase: Plans not to legislate
Mar 26, 2015 (LBO) – Sri Lanka’s new rulers urged the private sector to come up with a solution to increase wages and says the government would not like to force it to be legislated, Deputy Minister of Finance and Planning Harsha De Silva said.“We are in a really dilemma right now having delivered 100 […]