Author: lbostgadmin
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 […]
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 […]