Author: lbostgadmin
Commercial Bank branches go green
The Commercial Bank of Ceylon has announced that its environment-related initiatives have made steady progress in 2015 with the installation of solar power systems at four branches, the award of tenders for five more branch conversions, and the acquisition of 20 more paperless deposit machines. Sri Lanka’s largest private bank said it is already generating […]
Commemorative coin to mark 150th anniversary of CMC
The Central Bank of Sri Lanka (CBSL) issued a special silver uncirculated commemorative coin with a face value of Rs.500 to mark the 150th Anniversary of Colombo Municipal Council in recognition of its service to the country.The commemorative coin was officially presented to Mr.Ranil Wickramasinghe, Hon. Prime Minister and Mr. Ravi Karunanayake, Hon. Minister of […]
Sri Lanka Finlay’s get regulator nod for delisting
Dec 22, 2015 (LBO) – Finlay’s Sri Lanka unit, a blender and packager of tea exports has received the approval of the Securities and Exchange Commission to delist its ordinary shares from the Colombo Stock Exchange, a statement said.. “The offer documents on the exit offer to be made by James Finlay Ltd. of London […]
PTL Watch: Little bond activity, OMO absorbs excess liquidity
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Sri Lanka appoint more ministers
Dec 22, 2015 (LBO) – Sri Lanka President Maithripala Sirisena appointed Priyankara Jayarathne as the State Minister of Local Government and Provincial Councils, who sworn in before President Maithripala Sirisena at the Presidential Secretariat yesterday (Dec.21) and Sarathi Dushmantha Mithrapala as the Deputy Minister of Buddha Shasana. Mithrapala is also the current Deputy Minister of […]
Sri Lanka’s ‘Megapolis’ plan will help boost land prices in outskirts: Report
Dec 22, 2015 (LBO) – Sri Lanka’s Western Province ‘Megapolis’ plan will boost land prices in the suburbs and beyond in the long term, a research report said. “With the change in political power in 2015, we can now note that there is a further discussion about planning beyond Colombo to cover a Western Province […]
US Deputy Assistant Secretary of Defense visits Sri Lanka
U.S. Deputy Assistant Secretary of Defense (DASD) for South and Southeast Asia Dr. Amy Searight concluded her three-day visit to Sri Lanka December 17-19. During her visit, DASD Searight examined the future role Sri Lankan security forces could play in humanitarian assistance, responding to natural disasters, and increased participation in overseas peacekeeping operations. DASD Searight […]
Sri Lanka inflation accelerates to 4.8-pct in November
Dec 21, 2015 (LBO) – Sri Lanka’s consumer prices rose 4.8 percent in the 12-months to November from a year earlier, from the 3.0 percent a month earlier, data from the state statistics office showed. Year on year inflation of Food Group has increased from 2.3 percent in October 2015 to 4.6 percent in November […]
SriLankan Airlines now offers real-time news, sports and weather
SriLankan Airlines became the first airline to offer BBC News, AFP Sports and AccuWeather with live updates while in flight on the latest Thales Avant System, giving passengers real-time information on news, sports and weather around the world. Chanaka Olagama, SriLankan’s Head of Service Delivery, said: “We at SriLankan Airlines are constantly seeking new and […]
Colombo Port will have trouble providing welfare facilities to employees: Minister
Dec 21, 2015 (LBO) – Sri Lanka’s Minister of Port and Shipping Arjuna Ranatunga had yesterday revealed that even though the annual income is 29 billion rupees, the Authority will have difficulties when providing welfare facilities to its employees.“Colombo port receives 29 billion rupees of annual income. However there is a significant portion from the […]
Sanasa Development Bank to raise Rs4bn from listed debenture
Dec 21, 2015 (LBO) – Sri Lanka’s Sanasa Development Bank is to raise 4.0 billion rupees from a listed debenture issue, the company said in a stock exchange filing. The company has decided to issue 20 million debentures at 100 rupees each with an option to issue up to a further 20 million debentures in the […]
PTL Watch: Thin activity as T-bill yields increase
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