Author: lbostgadmin
Mangala meets US Ambassador-at-Large for Global Women’s Issues
U.S Ambassador-at-Large for Global Women’s Issues, Catherine Russell, is visiting Sri Lanka from 27th -29th October 2015. During her visit, Ambassador Russell met with Hon.Mangala Samaraweera, Minister of Foreign Affairs on 28th October.Ambassador Russell also held talks with Hon. Chandrani Bandara, Minister of Women and Children’s Affairs.Ambassador Russell will discuss strategies to advance women’s economic […]
90-pct vehicle leasing facility to come into effect today
Oct 29, 2015 (LBO) – Sri Lanka’s Finance Ministry said that a 90 percent loan margin of leasing facility for motor vehicles will come into effect from Thursday.An official notice will be sent out to the government and private financial institutions today, the ministry said.From September 15, 2015, the 100 percent loan to value was limited […]
Browns Capital invest Rs407mn in Sri Lanka’s solar power plant
Oct 29, 2015 (LBO) – Browns Capital PLC had invested 407 million rupees in Saga Solar power private limited who are in the business of solar power to acquire a 50.10 percent equity, the company said in a filing to Colombo Stock Exchange.The firm said it bought 38.7 million shares of Saga Solar Power, who […]
U.S. Fed leaves open possible Dec rate hike
Oct 29, 2015 – (LBO) – The U.S. Fed has indicated that a December rate hike is a possibility outlining how economic activity has been expanding at a moderate pace.“In determining whether it will be appropriate to raise the target range at its next meeting, the Committee will assess progress–both realized and expected–toward its objectives […]
Income security for older persons in Sri Lanka, a key future concern
Oct 29, 2015 (LBO) – Sri Lanka’s pension schemes need to be reevaluated as an adequate pension is essential to ensure income security for the elderly to support the fast growing aging population, an economist said.“Providing pension coverage for future older generations could be a challenge,” Nisha Arunatilake of Institute of Policy Studies of Sri […]
Do the proper checks before buying apartments: Property developer
Oct 28, 2015 (LBO) – Sri Lankan apartment buyers are warned that there are risks in buying apartments and they should do the proper checks and minimize it, a property developer said.“Apartment buyers need to be careful when buying as they are spending their lifetime savings,” Brahmanage Premalal, chairman of Prime Lands said. “Most apartments […]
‘s first ever investor forum in Zurich
The first ever capital market investor forum held in Switzerland on 28th October 2015, proved to be an outstanding success. Titled “Invest Sri Lanka“ and organized by the Colombo Stock Exchange (CSE) in association with the Swiss Asian Chamber of Commerce (SACC), attracted a full house for the Breakfast Meeting at The Widder Hotel in […]
Sri Lanka’s sovereign bond issue oversubscribed by 2.2 times: Central Bank
Oct 28, 2015 (LBO) – Sri Lanka’s Central Bank on behalf of the Government has raised 1,500 million US dollars through a 10-year International Sovereign Bond issue on Tuesday. Final order books stood at 3.3 billion US dollars from 290 investor accounts, achieving an oversubscription ratio of 2.2 times. This marks Sri Lanka’s ninth US […]
Sri Lanka stocks close up 0.15-pct: Institutional buying
Oct 28, 2015 (LBO) – Sri Lankan stocks closed higher at 0.15 percent on Wednesday with gains in index heavy stocks and institutional buying and foreign investor activity, brokers said. The Colombo benchmark All Share Price Index closed up 10.61 points at7,094.09 up 0.15 percent. S&P SL20 closed 14.06 points higher at 3,841.89 higher 0.37 percent. […]
Lanka exports chief Egodage steps down, new CEO this week
As officials, staff and even trade union reps rallied around to heap praise on his initiatives, the outgoing EDB Chairman and CEO Bandula Egodage –the eleventh Chairman to hold the office-was quick to stress that he is not entirely quitting the country’s exports regime on 28 October. “Though I am stepping down from EDB today, […]