Author: lbostgadmin
Sri Lanka and IMF talks kicks off
Feb 19, 2015 (LBO) – Sri Lanka Finance Minister Ravi Karunanayake and International Monetary Fund Managing Director Christine Largarde discussion had kicked off in Washington today. Management level dialogue will continue on the occasion of the Spring Meetings of the IMF and the World Bank in April. the statement said. We had a fruitful discussion […]
” magazine issue
Feb 18, 2015 (LBO) – Sri Lanka’s new administration had ordered to release an issue of India’s Frontline magazine, which was held at the border, Sri Lanka’s Prime Minister’s office said in a statement.Customs authorities had held up the magazine due to an article which contained a reprint of an interview with the leader of […]
Sri Lanka Treasury bill yields up: Central Bank
Feb 18, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up on Wednesday’s auction with the 12-month yield increased to 6.12 percent from 6.10 percent in the last auction, data from the state debt office showed.6-month yield was also up at 6.03 percent and 2,391 million rupees were accepted from 7,016 million rupees.The debt […]
Sri Lanka Softlogic December net up 10-pct
Feb 18, 2015 (LBO) – Sri Lanka’s Softlogic Holdings December 2014 quarter net profit rose 10 percent to 179.1 million rupees from a year ago with big contributions from healthcare and IT and financial sector, interim accounts showed. Sales in the quarter rose 52 percent to 7.1 billion rupees from the previous year. Other operating […]
’s national carrier launches a new codeshare
Feb 18, 2015 (LBO) – SriLankan Airlines, the national carrier for Sri Lanka inked a coadshare agreement with Jetstar Asia, a low-cost airline based in Singapore. The airline said that the SriLankan customers will be able to travel on codeshare services operated by Jetstar Asia on seven routes from Jetstar Asia’s hub in Singapore from […]
Online Solution
Feb 18, 2015(LBO) – Sri Lanka’s Export Development Board (EDB) said that it has opened a web portal for service exporters as a one stop for them to link with international partners.Sri Lanka™s exports of ICT and construction services increased by 8 percent to 774 million US dollars in 2013 from 2012™s 714 million US […]
Sri Lanka Treasury bill yields up: Central Bank
Feb 18, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up on Wednesday’s auction with the 12-month yield increased to 6.12 percent from 6.10 percent in the last auction, data from the state debt office showed. The debt office which is part of the island’s central bank offered 3-month short term bills for the […]
Sri Lanka’s Power Ministry to set up island-wide charging centers for electric cars
Feb 17, 2015 (LBO) – Sri Lanka’s Power and Energy Ministry plans to set up an island-wide network of charging centres for electric cars involving private businesses and households, the ministry said in a media release.The ministry said that it plans to introduce a special tariff between the hours of 2200 and 0400 for charging […]
‘s NDB to issue Rs7.5bn listed debt
Feb 17, 2015 (LBO) – Sri Lanka’s National Development Bank to issue listed rated unsecured senior redeemable debentures for 5 billion rupees with an option to go up to 7.5 billion rupees, the company said in an announcement to stock exchange.The rates and tenor was not announced.
Human Rights
Feb 17, 2015 (LBO) – The United Nations had delayed the report of alleged human rights violations in during the Tamil tiger war in Sri Lanka until September 2015, given the changing political context in the island. He said that the three experts, who were appointed by his predecessor Navi Pillay to advise the investigation, […]
Sri Lanka Insurance gets a new chairman
Feb 16, 2015 (LBO) – Sri Lanka’s new administration has appointed Hemaka Amarasuriya, an accounting professional, who served for Singer Sri Lanka group for a long period as chairman of Sri Lanka Insurance Corporation.Amarasuriya an accounting professional, is the former Senior Vice President of Singer Asia Limited, Vice President of Retail Holdings Limited USA and […]
Sri Lanka’s Cargills gets US$20mn of IFC investment
Feb 16, 2015 (LBO) – International Finance Corporation (IFC), a unit World Bank has invested 20 million US dollars in Sri Lanka’s Cargill Food Company, the group said in a filing to stock exchange.The group said that IFC subscribed to an eight percent stake in the share capital of Cargills Food Company, wholly owned subsidiary […]