Author: lbostgadmin
PTL Watch: Profit taking corrects steep drop in bonds
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‘Sri Lanka – One Island, Thousand Treasures’ at 2015 Paris Travel Fair
Sri Lanka Tourism gathered momentum at the recently concluded IFTM Travel and Tourism Fair in Porte De Versailles –Paris, France, by making strong marketing statement for the country by showcasing the destination under the theme “Sri Lanka – One Island, Thousand Treasures”. The 37th edition of the world’s third largest travel show IFTM Top Resa […]
Sri Lanka sells USD330mn of one, three and five year development bonds
Oct 16, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 407.25 million US dollars of bids received from investors.The central bank has accepted 277.50 million US dollars in one year bond at a floating rate of weighted average margin (bps) over six month […]
Sri Lanka’s Kingsbury to manage apartment complex
Oct 16, 2015 (LBO) – The Kingsbury plc , a five-star city hotel in Colombo, has signed a management agreement with Platinum real investment limited to manage its Platinum1 apartment complex for a 10 year time period, the hotelier said in a filing to the stock exchange on Thursday.Platinum 1 is a 20 storey apartment […]
Sri Lanka to cut food import bill by manufacturing locally
Oct 16, 2015 (LBO) – A National Programme on Food Production is being planned by the government of Sri Lanka with the contribution of all the ministries and institutions with an estimated cost of 15,595 million rupees to minimize the expenditure on imports by producing the utmost amount of food in Sri Lanka. Cabinet Spokesman […]
” in global Batik map
Sri Lanka’s apex export facilitator EDB stepped up its efforts to stamp ‘Brand Sri Lanka’ in the global Batik map–and linking with top institutional stakeholders, EDB is directly accessing the SMEs of the country in this new initiative, as announced on 8 October. “24 leading Lankan SME Batik manufactures are displaying their samples today to […]
SriLankan new CEO Captain Suren Ratwatte assumes duties
Captain Suren Ratwatte assumes duties as the Chief Executive Officer of the national carrier, SriLankan Airlines, today (October 15, 2015).Capt. Ratwatte is an Airline Pilot with over 30 years of experience in the field whose first appointment was with SriLankan’s predecessor, Air Lanka in 1984. Thereafter, he joined Emirates in 1989, where he held several […]
Sri Lanka changes the scope of work of OCH again
Oct 15, 2015 (LBO) – Sri Lanka’s government has changed the scope of work for phase III of the Outer Circular Highway (OCH), from Kerawalapitiya to Kadawatha, which is about 9.32 kilometers, the Cabinet Spokesman told reporters at a media briefing held in Colombo. The Cabinet of Ministers approved the award of the above contract […]
Sri Lanka stocks close down 0.1-pct at three-month low
Oct 15, 2015 (LBO) – Sri Lankan stocks closed down on Thursday for a third consecutive day with economic and budget concerns keeping investors away, brokers said. The Colombo benchmark All Share Price Index closed down 9.87 points at 7,030.45 down 0.14 percent. S&P SL20 closed 1.96 points lower at 3,783.13 lower 0.0.05 percent. “Lack of […]
PTL Watch: Sri Lanka bond yields drop, some profit taking
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Sri Lanka to seize 8 foreign accounts in Dubai: Cabinet Spokesman
Oct 15, 2015 (LBO) –Sri Lanka has found eight bank accounts in a Dubai bank belonging to powerful politically affiliated people and plans are underway to seize all the accounts, Cabinet Spokesman Minister Rajitha Senaratne told reporters on Thursday.“We have uncovered eight accounts hidden in Dubai,” Minister Rajitha Senaratne told at a press briefing held […]
Prime Minister seeks Singapore funds for development
Oct 15, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe is to leave for Singapore today on a two day official tour, the government said. He is accompanied by International Trade Minister Malik Samarawickrema. The purpose of this visit will be to obtain support and funding in Singapore for the development program in Sri Lanka. Wickremesinghe […]