Category:
Sri Lanka inflation accelerates to 7.3-pct on power tariff
May 31, 2013 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 7.3 percent in the 12 months to May 2013 accelerating from 6.4 percent in April mostly due a power tariff hike, data from the state statistics office showed. The Central Bank cut interest rates last month despite advice from the International Monetary […]
Sri Lanka and Thailand ink deals on tourism, technology, business
May 31, 2013 (LBO) – Sri Lanka and Thailand inked agreements on tourism, technology, business during a visit by Thai Prime Minister Yinluck Shinawatra to the island, who had bilateral talks with President Mahinda Rajapaksa.Thai deputy Prime Minister Surapong Tovichakchaikul and Sri Lanka’s foreign minister G L Pieris, technology minister Patali Ranawaka inked the deals […]
Sri Lanka 30-year bond sold at 12.5-pct
May 30, 2013 (LBO) – Sri Lanka’s maiden 30-year rupee denominated long bond was sold to yield 12.5 percent at an auction Thursday, the state debt office said.. The debt office which is a unit of the Central Bank offered 2.0 billion rupees of 30 year bonds maturing on June 01, 2043 with a coupon […]
Settlement Freedom
May 30, 2013 (LBO) – Sri Lanka is looking to give the freedom of getting inward payments through Paypal, a cost-effective global remittance and payments system that has helped boost e-commerce in many countries, Central Bank Governor Nivard Cabraal said.“We are looking at it seriously,” Central Bank Governor Nivard Cabraal told LBO. “We have to […]
Europeans give up holiday travel as austerity bites: study
ARIS, May 30, 2013 (AFP) – Fewer Europeans are planning to go away for a summer holiday as economic austerity bites, a new study shows, with levels of foreign vacation travel at their lowest for eight years.No more than 54 percent of Europeans are planning to get away for summer holiday this year, according to […]
Sri Lanka hotel to be re-built by Banyan Tree
May 30, 2013 (LBO) – Sri Lanka’s Beruwala Walk Inn, a unit of Singapore-based Banyan Tree leisure group will re-build a hotel which was washed away in a tsunami in 2004, a top official has said.Banyan Tree gained control of Beruwala Walk in from John Keells Holdings in October 2003 and closed it for refurbishment […]
” duty
May 30, 2013 (LBO) – Bicycles made in Sri Lanka, Indonesia, Malaysia and Tunisia with Chinese components have been hit with ‘anti-dumping’ duties by the European Union, a media report said. Bloomberg newswires said EU had determined that bikes with Chinese parts were assembled in several countries including Sri Lanka to avoid a 48.5 percent […]
Sri Lanka Treasuries yields steady
May 29, 2013 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with the 3-month yield down 02 basis points to 8.73 percent and other maturities flat, data from the state debt office showed.The 6-month yield was flat at 9.90 percent and the 12-month yield was 10.86 percent. The debt office, which is […]
Sri Lanka to sell 30-year long bonds
May 29, 2013 (LBO) – Sri Lanka is selling 30-year long bonds for the first time this week which fill a need for long term gilts, help better manage the state debt stock and extend a risk free yield curve, officials said.We think it is a good time,” Central Bank Nivard Cabraal said. “There will […]
Sri Lanka stocks close up 0.3-pct
May 29, 2013 (LBO) – Sri Lanka’s stock closed up 0.33 percent on Wednesday ending two days of losses helped by renewed interest in banks and beverage shares, brokers said. The benchmark Colombo All Share Index closed 21.11 points higher at 6,455.81 and the S&P SL 20 Index closed up 17.68 points at 3,644.64 up […]
Road Finance
May 29, 2013 (LBO) – China Development Bank will help finance an expressway to Sri Lanka’s North, the government said, after visiting President Mahinda Rajapaksa met its chairman Hu Huaibang in Beijing.CDB had already given 866 million US dollars for roads and irrigation including 214 million US dollars for Sri Lanka’s Moragahakanda Irrigation Project. The […]
‘s Anilana Resorts in public offer
May 30, 2013 (LBO) – Anilana Hotels and Properties Limited has been given the nod to raise up to 960 million rupees through a public issue of shares, the Colombo Stock Exchange said.The firm will offer 40 million ordinary shares at 12 rupees a share to raise 480 million rupees and go up to 80 […]