Author: lbostgadmin
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 stocks close higher
Nov 25, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher with the price gains of Nestle Lanka and C T Holdings, brokers said. Nestle Lanka closed 46.50 rupees higher at 2,157.50 rupees and C T Holdings closed 8.90 rupees higher at 149.00 rupees, contributing most to the index gain. Ceylon Tobacco Company closed […]
Sri Lanka signs a MOU with China
Nov 25, 2014 (LBO) – Sri Lanka export developmwnt board signs a memorandam of understanding (MOU) with China Council for the Promotion of International Trade of Guangdong (CCPIT-Guangdon) to pave the way for both countries to share information and promote businesses, a media release said. Today’s MOU aims to exchange market information and relevant publications, […]
ADB loans $150mn to develop green power and energy efficiency in Sri Lanka
Nov 24, 2014 (LBO) – The Asian Development Bank loans 150 million dollars as a the first tranche for the project of implementation of Green Power Development and Energy Efficiency Improvement Investment in Sri Lanka, a media release said. The total investment cost of program is estimated about 440 million US dollars and ADB has […]
Sri Lanka stocks near fifteen month intra day drop over political environment in the Island
Nov 24, 2014 (LBO) – Sri Lanka’s stocks closed 2.25 percent lower recording the highest intra-day drop in nearly fifteen months reflecting investor concerns over the current political environment prevailing in the island, a broker said. “Political uncertainties pushed the equities market deep into the red on Monday as ASI witnessed the highest intra-day drop […]
Sri Lankan government wins crucial budget vote 2015
Nov 24, 2014 (LBO) – The Sri Lankan government won a crucial vote in parliament to pass its budget for 2015 on Monday afternoon after days of speculation.The decision came after much speculation about the fate of the government if it failed to muster enough votes to have the budget passed by parliament. If the […]
We want to make a collective political decisions to make a change: Maithripala Sirisena
Sri Lanka’s Presidential candidate former minister Maithripala Sirisena said that, all the parties should get together to make collective decisions in order to change the current governing system of Sri Lanka. He was speaking at the television programme named œSatana aired by Sirasa network yesterday. œWe want to make collective political decisions joining with all […]
New Secretary General has been appointed for SLFP
Nov 22, 2014 (LBO) – Sri Lanka freedom party (SLFP) appointed Minister Anura Priyadarshana Yapa, as the new Secretary General of the party by party’s Chairman President Mahinda Rajapaksa, a media report said. He was suspended from the SLFP by President Rajapaksa yesterday, a media report said. Anura Priyadarshana Yapa was the Vice Chairman of […]
SriLankan Airlines to start operations to Kunming, China
Nov 21, 2014 (LBO) -SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, to starts operation to Kunmin, China to meet the increasing demands for air services between China and Sri Lanka, the airline said in a media statement.The airline will start flying to Kunming, which located at South […]
’s main opposition UNP nominates Maithripala; JVP and JHU undecided
Nov 21, 2014 (LBO) – Sri Lanka’s main opposition united national party on Friday decided to support former general secretary of the Sri Lanka freedom party Maithripala Sirisena as their presidential candidate. At the conference Sirisena vowed to abolish the executive presidency within 100 days. I’ll also abolish the 18th amendment and restore the 17th […]
Sri Lankan President signs proclamation for early Presidential Election
Nov 20, 2014 (LBO) – Sri Lankan President Mahinda Rajapakse on Thursday signed the proclamation declaring his intention to hold a Presidential Election seeking another term, the Presidential Secretariat said. The Official Website of the Presidential Secretariat said the main constituent of the United People’s Freedom Alliance, Sri Lanka Freedom Party Central Committee on Wednesday […]
Sri Lanka stocks close higher
Nov 20, 2014 (LBO) – Sri Lanka’s stocks closed 0.07 percent higher with the price gains in Nestle Lanka, brokers said. The Colombo benchmark All Share Price Index closed 5.23 points higher at 7,530.33, up 0.07 percent. The S&P SL20 closed 2.12 points higher at 4,190.93, up 0.05 percent. Turnover was 1.69 billion rupees, down […]