Author: lbostgadmin
Sri Lanka to set up Dispute Resolution Tribunal for sports
Dec 23, 2015 (LBO) – Sri Lanka’s sports ministry is to establish a separate tribunal for the speedy resolution of disputes arising in the sports sector. Sports Minister Dayasiri Jayasekara speaking to media stated that a 10 member tribunal will be set up for this task which will consist of retired judges.“We want to expedite […]
SriLankan operates special Bangkok-Colombo flight following cancellation
Dec 23, 2015 (LBO) – SriLankan Airlines has made arrangements for 32 passengers with onward connections in Colombo to travel on flights of other airlines after an aircraft engine cowling was damaged on the ground at Bangkok’s Suvarnabhumi Airport, resulting in the Bangkok-Colombo Flight UL883 being cancelled. The incident has taken place when a baggage cart operated by […]
PTL Watch: Bond yields up with auction
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Sri Lanka’s economic goals can be achieved through addressing brain drain: Eran
Dec 23, 2015 (LBO) – Sri Lanka’s deputy Minister of State Enterprise Development said that internationally exposed management skills of local expatriates are the need of the hour if the island nation is to achieve its expected economic targets in the near future. “Everyone only talks of capital and technology but in my experience it […]
‘s Subordinated Debentures AA-(lka)(EXP)
Dec 23, 2015 (LBO) – Fitch Ratings Lanka has assigned Commercial Bank of Ceylon proposed Basel II-compliant subordinated debentures of up to 7 billion rupees an expected National Long-Term Rating of AA-(lka)(EXP).The proposed issuance, which will have tenors of five and ten years and carry fixed coupons, will be listed on the Colombo Stock Exchange. […]
Opinion: 2016 – adapt to a changing landscape
By Steve Brice, Chief Investment Strategist, Standard Chartered 2015 was an incredibly challenging year for investors with equities, bonds and commodities in most areas seeing negative returns and heightened volatility. 2016 is expected to be just as difficult. Adapting to the changing environment will be vital, but overall we expect global equity markets to generate […]
Seylan eyes aggressive growth plans and innovative products in 2016: CEO
Seylan Bank, ‘the bank with a heart’, identified as one of the six systemically important banks in Sri Lanka by the Central Bank of Sri Lanka believes their best brand ambassadors are their customers.Perceived as a friendly and caring bank, Seylan saw further expansion as a whole in 2015.The branch network grew up to 159 […]
Details on new investment and exports framework in January: Malik
Dec 22, 2015 (LBO) – Sri Lanka will have its first glance of the country’s new investment and export framework as early as next January, a top Cabinet Minister said. The Board of Investment and Export Development Board are slated to become implementing arms of a new, higher level policy and strategy body consisting of […]
Sri Lanka issues call to join South Asian innovation corridor
First global Innovation Forum to be held in Colombo ‘Let’s boost innovations by going regional’-Rishad NEDA, COSTI & ADB’s Tokyo Institute behind new push 30 global innovation & SME experts taking part ADB’s Snr Economist Vendenberg among visiting experts! Experts to map a new Lankan Innovation Accelerator ‘A targeted approach needed for SME innovations’-ADBI’s Dr […]
‘s outstanding debentures BBB+(lka)
Dec 22, 2015 (LBO) – Fitch Ratings has assigned LB Finance’s outstanding rupee denominated subordinated debentures a National Long Term Rating of ‘BBB+(lka)’. The debentures mature in 2016, 2017 and 2018 and have total value of 2.545 billion rupees. A full list of LB’s ratings is given below. KEY RATING DRIVERS The outstanding subordinated debentures are rated one […]
Sri Lanka stocks close down 0.4-pct: 21 month low
Dec 22, 2015 (LBO) – Sri Lankan stocks closed down at 0.39 percent for a second consecutive day with index heavy stock making losses, brokers said. The Colombo benchmark All Share Price Index closed down at 27.18 points at 6,854.57 down 0.39 percent. S&P SL20 closed 23.05 points down at 3,605.25 down at 0.64 percent. […]
Vitawell launches Sri Lanka’s 1st specialist Nutraceutical store
Vitawell, Sri Lanka’s 1st specialist nutraceutical company, founded with a view to serve the growing market in Sri Lanka for specialist nutraceuticals, was declared open by the Chief Guest Hon. Minister for Health, Nutrition & Indigenous Medicine, Dr. Rajitha Seneratne and the Guest of Honour H.E. High Commissioner of Australia Ms. Robyn Mudie at a […]