Author: lbostgadmin
Sri Lanka cabinet takes time to finalize 20A; local government election under new system
May 14, 2015 (LBO) – Sri Lanka’s cabinet has appointed a ministerial sub committee to study the 20th amendment proposals and to identify the principles laid down by each party, cabinet spokesman Rajitha Senaratne said.Sarath Amunugama, S.B. Dissanayake, Lakshman Kiriella, Kabir Hashim, Champika Ranawaka, Rauff Hakeem, Gayantha Karunathilaka, Palani Digambaran and Rishad Bathiudeen has been […]
Sri Lanka’s CSE turnover crosses Rs5bn during mid-day trade boosted by Ceylinco deal
May 14, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange crossed the five billion rupees turnover mark during mid-day trade with a large block trade reported at Ceylinco Insurance, brokers said.Over 2.1 million shares of Ceylinco Insurance at 1,602.00 rupees per share were traded through SMB Securities with over 3.5 billion rupees added to the […]
‘s cabinet spokesman was offered Rs20mn bribe
May 14, 2015 (LBO) – Sri Lanka’s cabinet spokesman Rajitha Senaratne told reporters Thursday that he had been offered a bribe of 20 million rupees for keeping silent on a matter relating to the Avant Garde investigation. “The bribe was for a two weeks of silence. I refused it and my friend has a voice […]
‘s Commercial Bank profits up 10-pct to 2.53bn rupees
May 14, 2015 (LBO) – Sri Lanka’s Commercial Bank reported a profit after tax of 2.5 billion rupees for the three months ended March 31, a rise of 10.1 percent from the same period last year, the bank’s interim results filled with the stock exchange showed. The growth in deposit and lower cost of funds […]
Sri Lankan politicians in “Till death do we part” struggle for power
May 14, 2015 (LBO) – Sri Lanka’s politicians should take a good example from their British counterparts not be too greedy for power and cling on to it but step down in a humble manner, a Minister said.“Our politicians want to stay in power till they die without letting fresh faces come forward.If they think […]
Sri Lanka’s Islamic banking and finance sector assets grow 42- pct in 2014
May 14, 2015 (LBO) – Sri Lanka’s Islamic Banking and finance (IBF) has grew 42 percent to 50 billion assets in 2014, Minister of Industry and Commerce said in a statement. In 2013 the total assets were 35 billion rupees. However the penetration is slow, Minister Rishad Bathiudeen said at a ceremony held in Colombo […]
‘s expansion plan
May 14, 2015 (LBO) – Sri Lanka’s Hemas Holdings said that it successfully completed the rights issue raising 4.1 billion rupees of new capital to finance its expansion plans in healthcare and personal care.“We are working hard on achieving our vision of being the best at enriching lives through our activities in healthcare, personal care, […]
Sri Lanka PAFFREL calls Parliamentarians to adhere March 12 Declaration
May 14, 2015 (LBO) – Sri Lanka’s election watchdog PAFFREL has called Parliamentarians to adhere March 12 Declaration when handing over nominations for the upcoming general election. The Declaration which was presented to all political parties on 12 March 2015 is a criterion on the values and qualifications that need to be considered when selecting […]
Sri Lanka Treasury bill yields drop
May 13, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down across maturities at Wednesday’s auction with 6 and 12-month yields dropped by 0.04 basis points, data from the state debt office showed.6-month bill was closed at 6.22 percent while 12-month closed at 6.31 percent. 3-month yield was also dropped by 0.02 basis points […]
Golden Key Depositors to withdraw all complaints: Central Bank to bare costs (In Pics)
May 13, 2015 (LBO) – Sri Lanka’s golden key depositors were asked to withdraw all cases to be taken up by the Supreme court on 18 May 2015 following a assurance of 40 percent pay back by the Central Bank. “We are here to facilitate and to ensure that they (depositors) are provided the relief […]
Sri Lanka stocks close down at 0.2-pct
May 13, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.19 percent with banking sector and some index heavy stocks recording losses, brokers said. The Colombo benchmark All Share Price Index closed 13.56 points lower at 7,245.05 down 0.19 percent. The S&P SL20 closed 12.71 points lower at 4,060.85 down 0.31 percent. Turnover was […]
”’ final rating
May 13, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer’s unsecured redeemable debentures issue of up to 3 billion rupees a final national long term rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on 20 April 2015, and follows the receipt of documents conforming to information already […]