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Sri Lanka Treasury bill yields flat
Sep 30, 2015 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction, data from the state debt office showed.The 3-month yield was flat 6.78 percent with bids amounting to 16.6 billion rupees being received and it was decided to accept 5.2 billion rupees from the auction. The 06 month yield was also […]
Fitch affirms Sri Lanka Insurance Corporation at IFS BB- rating
Sep 30, 2015 (LBO) – Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s Insurer Financial Strength rating (IFS) at ‘BB-‘ with a Stable Outlook. The agency has also affirmed the National Insurer Financial Strength Rating and National Long-Term Rating at ‘AA(lka)’ with Stable Outlook. KEY RATING DRIVERS SLIC’s ratings reflect its well-established franchise and […]
Sri Lanka may consider IMF option: Finance Minister
Sept 30, 2015 (LBO) – Sri Lanka may consider an International Monetary Fund program option after the budget but only under our terms and conditions, Finance Minister Ravi Karunanayake told Lanka Business Online. “It will only happen on our terms,” Karunanayake said. Sri Lanka will have the option of considering bilateral lenders or an IMF […]
Textured Jersey to offer share options to employees
Sept 30, 2015 (LBO) – Sri Lanka’s Textured Jersey Lanka says it will implement an employee share option scheme (ESOS) for directors and selected executives in management positions, in a stock exchange filing. The total number of shares to be issued, if all of the share options are exercised in full, amounts to 27 million […]
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ICRA Lanka assigns [SL] BBB rating with stable outlook to Citizens Development Business Finance
ICRA Lanka, a rating agency has assigned a [SL] BBB with a stable outlook for Citizens Development Business Finance PLC. The full statement as followed : – ICRA Lanka Limited, a wholly owned subsidiary of ICRA Ltd, a group company of Moody’s Investors Service has assigned a [SL]BBB (pronounced SL triple B) with a stable […]
64th LBR LBO CEO FORUM – “Economic Diplomacy and What it Means to the Private Sector” – 21st October 2015
Topic: Economic Diplomacy and What it Means to the Private Sector Date/Time: Wednesday 21st October | 1800 – 2100 Hrs Keynote Speaker: Harsha De Silva, M.P. [Deputy Minister of Foreign Affairs] Session Chair: Anushka Wijesinha [Chief Economist – The Ceylon Chamber of Commerce] Panelists: His Excellency James Dauris [British High Commissioner to Sri Lanka & Maldives] […]
Sri Lanka to include 25 pct women in local government elections
Sep 30, 2015 (LBO) – Sri Lanka’s Prime Minister says reforms will be brought to include 25 percent females into local government bodies before the next polls, local media reports said.Prime Minister Ranil Wickremesinghe made these comments at the 60th Anniversary celebrations of the elections department in Colombo, Wednesday, it said. The statement comes following […]
Sri Lanka rupee shows mixed performance versus intl currencies
Sept 30, 2015 (LBO) – Sri Lanka’s rupee has had a mixed performance against international currencies so far this year, the central bank said. “The Sri Lankan rupee appreciated against the Australian dollar by 9.5 percent and the euro by 0.3 percent while depreciating against the Japanese yen by 6.9 percent, the pound sterling by […]
Urbanization will play a key role in Sri Lanka’s way forward: Min Hakeem
Sep 30, 2015 (LBO) – Sri Lanka’s future will be defined by the success of its management of urbanization, Rauff Hakeem, minister of City Planning and Water Supply said. “Rapid urbanization creates challenges of ensuring that development is efficiently organized and its rewards equitably distributed,” Hakeem said at the launch of a World Bank report […]
Sri Lanka’s biggest challenge of good governance is re-establishing and strengthening democracy says PM
Sep 30, 2015 (LBO) – Sri Lanka’s biggest challenge of good governance is re-establishing and strengthening democratic society in which government plans to achieve within next two years, Prime Minister Ranil Wickremesinghe told a forum on Tuesday.“Today in Sri Lanka the biggest challenge of good governance applies to all of us in terms of re-establishing […]
US to implement USD2.6mn program to enhance justice system in Sri Lanka
Sep 29, 2015 (LBO) – The United States and Sri Lanka on Tuesday agreed to implement a 2.6 million US dollar program to enhance the capabilities of Sri Lanka’s criminal justice system. “A fair and equitable justice system goes to the heart of any democracy,” US Ambassador Atul Keshap said.“The United States looks forward to […]
Sri Lanka is one of the fastest growing markets in South Asia says Huawei
Sep 29, 2015 (LBO) – As Sri Lanka is one of the fastest growing market in South Asia in smart phone segment of Chinese mobile maker, Huawei, says it plans to expand the market share though increasing distribution network targeting a revenue of 10 billion rupees by 2016. “Sri Lanka has grown to be one […]