Author: lbostgadmin
Emerging markets offer long-term opportunity: Research Affiliates
Feb 25, 2016 (LBO) – Christopher Brightman, Research Affiliates’ Chief Investment Officer, says the exodus from emerging markets offers wonderful opportunity for opportunistic investors. Brightman shares market insights for global investment management firm PIMCO’s All Asset funds. PIMCO has 1.4 trillion dollars in assets under management, and their market insights can be read here. Q: […]
Sri Lanka’s LOLC Group receives USD 247Mn syndicated loan
Feb 24, 2016 (LBO) – Sri Lanka’s Lanka Orix Leasing Group announced a landmark syndication to borrow 247 million US dollars from three financial institutions including the Asian Development Bank. “A total of 247 million US dollars was received from multiple foreign funding partners and will consist of 3 loans,” a LOLC Group statement said. […]
Dialog ventures into digital health with Asiri Hospitals
Feb 24, 2016 (LBO) – Digital Holdings Lanka, a wholly owned subsidiary of Dialog Axiata has entered in to a joint venture agreement with Asiri Hospital Holdings yesterday to provide digital health solutions. Digital Holdings holds 70 percent of the shareholding and Asiri Hospitals holds the balance 30 percent of the joint venture that was […]
‘s assigns first-time B1 issuer ratings to Sampath Bank
Moody’s Investors Service has assigned an issuer and long term local currency deposit rating of B1 to Sampath Bank PLC and short-term ratings of non prime. Moody’s has also assigned the bank with a CR Assessment of Ba3(cr). The assigned long-term foreign currency deposit rating is B2 and is constrained by the foreign currency deposit ceiling for […]
New salaries commission to review public, private salary structures
Feb 24, 2016 (LBO) – The cabinet has decided to appoint a new Salaries and Cadre Commission to broadly and formally review salary structures and cadre requirements with a view to creating a more effective and contented Public Service. The proposed commission which will comprise of learned and experienced officers is also to formulate a […]
Sri Lanka stocks down 0.2-pct
Feb 24, 2016 (LBO) – Sri Lankan stocks closed down at 0.18 percent with losses in some banking and finance sector stocks with low retail investor activity, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 11.35 points down at 6,217.64 down 0.18 percent. The S&P SL20 closed 0.91 points down at 3,260.80 […]
New Zealand, Sri Lanka sign agreement to enhance dairy cooperation
Sri Lanka and New Zealand today (24) signed a partnership arrangement for the Sri Lanka Dairy Excellence Training Initiative between the Sri Lanka Ministry of Rural Economic Affairs and the New Zealand Ministry of Foreign Affairs and Trade under the Dairy Cooperation Arrangement (DCA) , which was signed in November 2013. The agreement was signed […]
PTL Watch: Buying in liquid 2030, 2041 Sri Lanka bonds
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‘s senior debt final A-
Fitch Ratings has assigned Singer Sri Lanka PLC’s (Singer, A-(lka)/Stable) proposed senior debentures of up to LKR2bn a final National Long-Term Rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received, and the final rating is the same as the expected rating assigned on 15 December […]
‘t lose jobs
Feb 24, 2016 (LBO) – Sri Lanka is currently at the formulating stage of an “Economic Technology Cooperation Agreement” with India, Prime Minister Ranil Wickremesinghe said in Parliament Tuesday. This agreement will not lead to Sri Lankans losing jobs, he added. “We still haven’t seen India’s version. We have to put the two proposals together […]