Page 1371 – Lanka Business Online

Debenture Issue

Mar 08, 2013 (LBO) – Sri Lanka’s People’s Leasing and Finance said it will sell up to 6.0 billion rupees in 4 and 5-year listed debentures with subscriptions opening on March 19.Listed debentures have been made free of withholding tax, triggering a spurt of such issues. The 4-year debenture pays 16.5 percent a year, with […]

Justice Call

Mar 08, 2013 (LBO) – The brother of a British tourist murdered while holidaying Sri Lanka in 2011 is calling for justice saying his killers are still free 15 months after he was shot and attacked in full view of witnesses.Khuram Shaikh, a red cross worker was killed in the early of December 25, 2011 […]

Youth ICT

Mar 08, 2013 (LBO) – A joint project by the World Bank, Microsoft and Sarvodaya-Fusion, a Sri Lanka based charity promoting information technology has launched a grant competition where youth in four South Asian nations can get up to 20,000 dollars for a winning project.The grant competition called ‘Youth Solutions!Technology for Skills and Employment’ will […]

Sri Lanka citizen group calls for halt to anti-Muslim nationalism

Mar 08, 2013 (LBO) – Friday Forum, a Sri Lankan citizen’s group has asked the administration to take steps to stop rising fascist-nationalist actions directed at the island’s Muslim community.“The Friday Forum urges you to act immediately and decisively to counter the increasingly venomous and strident anti-Muslim hate campaign launched by a few extremist groups […]

‘s Mannar district aquaculture boosted by Japan

Mar 07, 2013 (LBO) – Japan will provide 8.2 million rupees to build a hatchery to produce fingerlings in Sri Lanka’s former war torn North Eastern district of Mannar, the Japanese embassy said.Japan will give 65,735 dollars as grant aid to Sri Lanka’s state-run National Aquaculture Development Authority of Sri Lanka (NAQDA) to build a […]

Sri Lanka Royal Ceramic sells commodity broker

Mar 07, 2013 (LBO) – Sri Lanka’s Royal Ceramics Plc, a tile and sanitary ware group said it sold 12.75 percent of its 51 percent stake in Asia Siyake Commodities Plc, a tea broker, to Lanka Commodity Brokers Ltd.The first tranche would be sold after March 04 and the second tranche after June 11.The firm […]

‘s Tiger Airways in $1 promotion

Mar 07, 2012 (LBO) – Singapore-based budget carrier Tiger Airways said it is holding a sale on flights to Jakarta, Kuching, Kuala Lumpur, Penang and Ho Chi Minh City until March 13, with slashed prices to 25 other destinations including Colombo.Budget carriers use promotional fares sold ahead online as part of their sales strategy drawing […]

German, Dutch DFIs buy into Sri Lanka insurer

Mar 07, 2013 (LBO) – Germany’s DEG, a part of the KfW group that invests in private firms in developing countries and FMO, a Dutch development financier has bought a 38 percent stake in Asian Alliance Insurance in a deal valued at 1.8 billion rupees. The stock was sold in an off-market deal at a […]

Sri Lanka Treasuries slightly up

Mar 06, 2013 (LBO) – Sri Lanka’s Treasuries yields edged up slightly across maturities and Wednesday’s auction with the twelve month yield rising 04 basis points to 11.14 percent, data from the state debt office showed. The 3-month yield rose 02 basis points to 9.11 percent and the 6-month yield rose 02 basis points to […]

Sri Lanka NSB hires HSBC, Citi, Barclays to lead manage bond

Mar 06, 2013 (LBO) – Sri Lanka’s state-run National Savings Bank has hired HSBC, Citibank and Barclays to lead manage an international bond sale of up to a billion US dollars, sources familiar with the deal said.In 2012 Sri Lanka sold a billion dollar sovereign bond and state-run Bank of Ceylon raised another 500 million […]

Road Finance

Mar 06, 2013 (LBO) – A 27 kilometre stretch of a in Sri Lanka’s central hills running from Haputale, Boralanda will built by a domestic contractor with finance from Hatton National Bank, the state information office said.The cabinet of ministers had approved a proposal to build the road with bank finance under a scheme where […]

Edu Fair

Mar 06, 2013 (LBO) – An education fair with the participation of institutions from Andhra Pradesh, Maharashtra, Karnataka, Uttar Pradesh and Tamil Nadu as well as a consultancy has opened in Sri Lanka’s Jaffna city, India’s High Commission (embassy) in Colombo said.The Indian Education Fair-2013 had been inaugurated by G A Chandrasiri, the Governor of […]