Author: lbostgadmin
South Korea issues its first yuan-denominated sovereign bonds
Dec 16, 2015 (LBO) – The South Korean government has issued its first ever yuan-denominated sovereign bonds in China’s onshore bond market. This sovereign bond issue is expected to contribute to diversifying the currency composition of Korea’s foreign exchange reserves and further China’s efforts to open its capital markets to the world.“The bond issuance was […]
PTL Watch: Yields tick higher, T-bill yields up
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People’s Insurance IPO oversubscribed
Dec 16, 2015 (LBO) – An initial public offering of 50 million ordinary shares by People’s Insurance Limited, a subsidiary of People’s Leasing and Finance, to raise 750 million rupees was oversubscribed within hours on the opening day, a statement said.SSP Corporate Services, registrars to the issue, said in a stock exchange filing that the […]
China, US Rates Pressures Build for APAC Banks in 2016
Dec 16, 2015 (LBO) – Banking sectors within the Asia-Pacific (APAC) region are likely to face a more challenging year ahead as financial systems adjust to slowing growth in China and the prospect of higher US interest rates, says Fitch Ratings in the agency’s 2016 Outlook Report for the region.Earnings and capital buffers built up in […]
‘s proposed debenture issue A-(lka)(EXP)
Dec 16, 2015 (LBO) – Fitch Ratings has assigned Singer Sri Lanka’s proposed unsecured senior debenture issue of up to 3 billion rupees, a National Long-Term Rating of ‘A-(lka)(EXP)’. The full rating statement is reproduced below. Fitch Ratings has assigned Singer Sri Lanka PLC’s (Singer; A-(lka)/Stable) proposed unsecured senior debenture issue of up to LKR3bn […]
Jennifer Perera joins Credence Genomics
Press Release: Award winning Professor Jennifer Perera, has joined the clinical panelists of Credence Genomics, the country’s leading commercial biotechnology venture, equipped with Next Generation Sequencing technology. Prof Perera joins the farsighted team behind this pioneering venture led by Dr. Vaz Santosh Gnanam. Credence has succeeded where few have dared to venture and is the […]
Sri Lanka GDP grows 4.8-pct in 2015 third quarter: Census Dept.
Dec 15, 2015 (LBO) – Sri Lanka’s gross domestic product expanded 4.82 percent in the third quarter of 2015 from a year earlier, the state statistics office said. The statistics office said agriculture grew 6.9 percent, industries by 6.2 percent and services by 3.4 percent. The economic growth rate of the country for the first […]
luxury passenger vessel Europa calls Port of Hambantota
The 400 passenger capacity luxury passenger vessel M/S/Europa called at the Port of Hambantota today 15th December 2015. The vessel is expected to leave the port to Ko Phi Phi Islands in Thailand this evening.The current voyages of the vessel include a 154 days world cruise from Dubai to Hamburg and a 19 day Asia […]
‘t cause environmental disruption, says EIA
Dec 15, 2015 (LBO) – The proposed Colombo Port City has a minimal environmental impact on the reclamation site and the coastal zone around the area, a supplementary environmental impact assessment, now available for public consultation, states. Because of the impact of sand dredging north of the port city site, an income support program will […]
Nawaloka Hospitals opens modern Skin Care and Cosmetic Center
Nawaloka Hospitals has opened a state of the art Skin Care and Cosmetic Center which is equipped with the Gold Standard Acu Pulse, a safe, simple CO2 laser, manufactured in USA, which is the Industry standard that delivers outstanding results. Elaborating on the features of the Acu Pulse, Dr.Ashwini Rajan, Head of Skincare and Cosmetic […]
PTL Watch: Bond yields climb after auction
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US, Sri Lanka Partnership Dialogue to meet Feb 2016 in Washington
Dec 15, 2015 (LBO) – The first meeting of the United States, Sri Lanka Partnership Dialogue will take place in February 2016 in Washington, US Under Secretary of State for Political Affairs Thomas Shannon revealed. “This annual meeting will provide an opportunity to discuss all aspects of the relationship and ways in which the United […]