Author: lbostgadmin
’s President cancels 16 foreign firms mining licenses
Mar 02, 2015 (LBO) – Sri Lanka’s new president has cancelled mining licenses which has been issued by the former regime to 16 foreign companies to engage in gem-mining a statement said.The Indian Ocean Island has 70 out of the 200 known gem minerals and has long been known as a rich source of stones, […]
’s new administration to get public opinion on their work
Mar 02, 2015 (LBO) – Sri Lanka’s new administration has launched a special survey to find out the opinion of the General public and to analyze the progress of the 100 days programme. Also the public can communicate via telephone 011-2477915. Details of this programme could be obtained from on line portal www.pmm.gov.lk. œAim of […]
Sri Lanka raises Rs10bn from 30-year bonds
Feb 27, 2015 (LBO) – Sri Lanka’s raised 10,058 million rupees from a 30-year bond which yield 11.73 percent at an auction today, data from the state debt office showed. Sri Lanka offered a billion rupees of 30-year bonds and had received bids of 20.708 million rupees. The bond was quoted in the secondary market […]
Sri Lanka JKH to terminate Fitch rating agreement
Feb 27, 2015 (LBO) – Sri Lanka’s John Keells Holdings has informed Fitch Ratings Lanka, a rating agency that it will terminate its rating agreement with the company with effect from 27 March 2015, the company said in a filing to stock exchange. John keels also said that it would consider an international rating when […]
Sri Lanka’s tax on liquor manufacturers to boost market share of Distilleries Corp: Fitch
Feb 27, 2015 (LBO) – Sri Lanka’s market leader in alcoholic beverage production Distilleries Corporation of Sri Lanka (DIST) would be able to expand its market share due to the large monthly tax imposed on liquor manufactures which ultimately discourages new players and smaller players, a rating agency said. Sri Lanka’s new administration proposed a […]
Sri Lanka’s Under-Capitalized banks to face challenges: Operating environment likely to improve: Fitch
Feb 27, 2015 (LBO) – Sri Lanka’s Banks likely to witness an improvement of the operating environment in 2015 and 2016 but, longer-term challenges for the banking sector remain, Fitch Ratings said in a statement.The Full Statement Reproduced Below : The operating environment for Sri Lankan banks is likely to improve in 2015 and 2016 […]
Remaining Challenges
Feb 27, 2015 (LBO) – Sri Lanka’s Banks likely to witness an improvement of the operating environment in 2015 and 2016 but, longer-term challenges for the banking sector remain, Fitch Ratings said in a statement. The Full Statement Reproduced Below : The operating environment for Sri Lankan banks is likely to improve in 2015 and […]
‘s inflation drops to 2.9-pct in Feb 2015: Central Bank
Feb 27, 2015 (LBO) –Sri Lanka inflation declined to 2.9 percent in February 2015 from 3.2 percent in January 2015, on a year-on year basis, as a result of the downward revision of fuel prices in the interim budget of the new administration, the Central Bank said in a media release. The data measured by […]
Malaysian investors to bid for Northern Expressway: Suggest to renew bilateral trade
Feb 27, 2015 (LBO) – Sri Lanka northern expressway which links the Island’s capital Colombo to the northern Jaffna peninsula to be bided by Malaysian investors, a statement said. We are bidding for Northern Highway on BOT (build-operate-transfer) basis, Dato’ Seri S. Samy Vellu, Malaysia’s Special Envoy of Infrastructure for India and South Asia with […]
Sri Lanka raises Rs10bn from 30-year bonds
Feb 27, 2015 (LBO) – Sri Lanka’s raised 10,058 million rupees from a 30-year bond which yield 11.73 percent at an auction today, data from the state debt office showed.Sri Lanka offered a billion rupees of 30-year bonds and had received bids of 20.708 million rupees. The bond was quoted in the secondary market at […]
Sri Lanka Hayleys’s Rs2bn debt issue oversubscribed
Feb 26, 2015 (LBO) – Sri Lanka, Hayleys PLC’s issue of 20,000,000 senior unsecured listed redeemable rated debentures was oversubscribed today receiving applications for over two billion rupees, the company said in a filing to the stock exchange. The company issued 20, 00,000 debt at 100 rupees each. The issue would be closed at 4.30 […]
Sri Lanka port city project would create infrastructural and sewage disposal issues: Deputy Minister
Feb 26, 2015 (LBO) – Sri Lanka’s Chinese funded port city project would have infrastructural and sewage disposal issues once implemented, Deputy Minister of Highways, Higher Education and Investment Promotion said at an event held in Colombo. Much has been said in the recent weeks about the port city development in Colombo and I am […]