Author: lbostgadmin
Sri Lanka not actively pursuing IMF option: CB Governor
Sept 30, 2015 (LBO) -Sri Lanka is not actively pursuing funding from the International Monetary Fund, the Central Bank Governor Arjuna Mahendran told Lanka Business Online. “The IMF is always available. I wouldn’t say that was something we were actively pursuing. There is no need for it as we have sufficient reserves,” he said. “But […]
‘s deflation increases to 0.3 pct in Sept from 0.2 pct in Aug
Sept 30, 2015 (LBO) – Sri Lanka’s deflation was lower at 0.3 percent, year-on-year, in September, from 0.2 percent in August, the census and statistics department said. On a 12 month moving average basis, inflation fell to 0.7 percent in September from 1.0 percent in the previous month.There were slight price declines from August to […]
FM Mangala meets Australian and Japanese Foreign Ministers
Foreign Minister Mangala Samaraweera met Japanese and Australian foreign ministers in New York on the sidelines of the UN General Assembly.
All Together in One Place
The Department of Elections completes 60 years today. The Department has taken steps to celebrate diamond jubilee with grand ceremonies. The main ceremony of celebrating the 60th anniversary was held at the Bandaranaike Ceremonial hall, Colombo today with the participation of President Maithreepala Sirisena, and Prime Minister Ranil Wickramasinghe as the Chief Guests and the participation of the chief opposition […]
Sri Lanka Treasury bill yields flat
Sep 30, 2015 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction, data from the state debt office showed.The 3-month yield was flat 6.78 percent with bids amounting to 16.6 billion rupees being received and it was decided to accept 5.2 billion rupees from the auction. The 06 month yield was also […]
Fitch affirms Sri Lanka Insurance Corporation at IFS BB- rating
Sep 30, 2015 (LBO) – Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s Insurer Financial Strength rating (IFS) at ‘BB-‘ with a Stable Outlook. The agency has also affirmed the National Insurer Financial Strength Rating and National Long-Term Rating at ‘AA(lka)’ with Stable Outlook. KEY RATING DRIVERS SLIC’s ratings reflect its well-established franchise and […]
Sri Lanka may consider IMF option: Finance Minister
Sept 30, 2015 (LBO) – Sri Lanka may consider an International Monetary Fund program option after the budget but only under our terms and conditions, Finance Minister Ravi Karunanayake told Lanka Business Online. “It will only happen on our terms,” Karunanayake said. Sri Lanka will have the option of considering bilateral lenders or an IMF […]
Textured Jersey to offer share options to employees
Sept 30, 2015 (LBO) – Sri Lanka’s Textured Jersey Lanka says it will implement an employee share option scheme (ESOS) for directors and selected executives in management positions, in a stock exchange filing. The total number of shares to be issued, if all of the share options are exercised in full, amounts to 27 million […]
![ICRA Lanka assigns [SL] BBB rating with stable outlook to Citizens Development Business Finance](data:image/svg+xml;base64,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)
ICRA Lanka assigns [SL] BBB rating with stable outlook to Citizens Development Business Finance
ICRA Lanka, a rating agency has assigned a [SL] BBB with a stable outlook for Citizens Development Business Finance PLC. The full statement as followed : – ICRA Lanka Limited, a wholly owned subsidiary of ICRA Ltd, a group company of Moody’s Investors Service has assigned a [SL]BBB (pronounced SL triple B) with a stable […]
64th LBR LBO CEO FORUM – “Economic Diplomacy and What it Means to the Private Sector” – 21st October 2015
Topic: Economic Diplomacy and What it Means to the Private Sector Date/Time: Wednesday 21st October | 1800 – 2100 Hrs Keynote Speaker: Harsha De Silva, M.P. [Deputy Minister of Foreign Affairs] Session Chair: Anushka Wijesinha [Chief Economist – The Ceylon Chamber of Commerce] Panelists: His Excellency James Dauris [British High Commissioner to Sri Lanka & Maldives] […]
Sri Lanka to include 25 pct women in local government elections
Sep 30, 2015 (LBO) – Sri Lanka’s Prime Minister says reforms will be brought to include 25 percent females into local government bodies before the next polls, local media reports said.Prime Minister Ranil Wickremesinghe made these comments at the 60th Anniversary celebrations of the elections department in Colombo, Wednesday, it said. The statement comes following […]
Sri Lanka rupee shows mixed performance versus intl currencies
Sept 30, 2015 (LBO) – Sri Lanka’s rupee has had a mixed performance against international currencies so far this year, the central bank said. “The Sri Lankan rupee appreciated against the Australian dollar by 9.5 percent and the euro by 0.3 percent while depreciating against the Japanese yen by 6.9 percent, the pound sterling by […]