Author: lbostgadmin
Award
Dec 01, 2014 (LBO) – Sri Lanka National Development Bank (NDB) was recognised with the ˜Banker Financial Inclusion Award 2014’ of the Banker Magazine UK at a ceremony in London recently, the bank said in a media statement. The award is conferred to only one global victor each year, recognizing its efforts towards promoting financial […]
Sri Lanka inflation declines in November 2014: Amid rise in food prices
Nov 29, 2014 (LBO) – Sri Lanka’s inflation, continued its decelerating trend observed since June 2013 and reached 1.5 percent in November 2014 compared to 1.6 percent in October on an annual average basis which is lowest since November 2009, the Central bank of Sri Lanka said in a media release. The data is based […]
Sri Lanka beats England by eight wickets: Take 2-0 lead
Nov 29, 2014 (LBO) – Sri Lanka beat England by eight wickets in a one-day international canter to 2-0 lead in the series, a media report said.Rainy weather reduced the match to 45 overs per side. Sri Lanka scored 186 for two wickets beat England for 185 by eight wickets and with 64 balls remaining. […]
Maithripala Sirisena to protect Mahinda Rajapaksa
Nov 28, 2014 (LBO) – Common opposition presidential candidate Maithripala Sirisena said that he will not allow President Mahinda Rajapaksa or any of his family member to be tried overseas for allegations of war crimes. He was speaking at a press conference held in Colombo today. Sirisena said that Sri Lanka has not sign any […]
BBS to support the leader who support the country, nationality and religion
Nov 28, 2014 (LBO) – General Secretary of Bodu Bala Sena (BBS) yesterday said that their organization would support the leader who supports the country, nationality and religion at the forthcoming Presidential election on January, next year. BBS also said that it would strongly oppose against the Muslim extremists in the country, but their organization […]
Presidential race is a battle between democracy and autocracy UNP
Nov 27, 2014 (LBO) – Sri Lanka main opposition United National Party (UNP) said that the forthcoming presidential election is a battle between democracy and autocracy. This presidential race is a battle between democracy and autocracy, UNP said this issuing a statement short while ago. Between corruption and good governance. Between the rule of law […]
Sri Lanka to handover gold that recovered from LTTE banks to rightful owners
Nov 27, 2014 (LBO) – The gold that recovered from illegally operated banks by LTTE will be handed over to their rightful owners by the government of Sri Lanka as a gesture of goodwill, a media report said. The government has identified about 2379 owners after going through stringent identification and verification process the report […]
Sri Lanka stocks close down 0.9-pct
Nov 27, 2014 (LBO) – Sri Lanka’s stocks closed 0.89 percent lower with telco and banking stocks losing ground despite net foreign buying, brokers said. Foreign investors bought 445.70 million rupees worth shares while selling 125.55 million rupees worth shares. Commercial Bank of Ceylon closed 7.40 rupees lower at 160.60 rupees and Sri Lanka Telecom […]
Innovative Banking
Nov 26, 2014 (LBO) – Sri Lanka’s banking sector needs new products and services to be competitive in the sector and to drive growth, Central Bank Governor Nivard Cabraal said. Cabraal said, looking at vision 2020, it is time for banks to re invent and re think about the role and the products to achieve […]
Sri Lanka stocks close down 0.8-pct
Nov 26, 2014 (LBO) – Sri Lanka’s stocks closed 0.82 percent lower with Index heavy John Keells Holdings and Nestle Lanka losing ground, brokers said. The Colombo benchmark All Share Price Index closed 59.64 points lower at 7,179.72, down 0.82 percent. The S&P SL20 closed 21.02 points lower at 4,024.70, down 0.52 percent. Turnover was […]
Debt Issue
Nov 26, 2014 (LBO) – Sri Lanka’s Fitch Ratings has assigned Siyapatha Finance proposed subordinated redeemable debentures of up to one billion rupees a final national long term rating of ‘A-(lka)’. The full statement is reproduced below: Fitch Rates Siyapatha Finance’s Subordinated Debt Final ‘A-(lka)’ Fitch Ratings-Colombo/Taipei-26 November 2014: Fitch Ratings Lanka has assigned Siyapatha […]
Sri Lanka Treasury bill yields frozen
Nov 26, 2014 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction with the 12-month yield unchanged at 6.00 percent, data from the state debt office showed. The debt office which is part of the island’s central bank not offered 3-month short term bills for the auction. 6-month yield was also frozen […]