Category: Economy and Markets
Sri Lanka’s bond investigation report handed over to PM: Committe Chair
Apr 10, 2015 (LBO) – Sri Lanka’s committee appointed to probe controversial bond issue has handed over their report to the Prime Minister, yesterday, Chairman of the Committee said.“We have already handed over the report,” Attorney-At-Law Gamini Pitipana, Chairman of the Committee told LBO.“Yesterday, we gave this fact finding committee report to the Prime Minister […]
Sri Lanka looks at cheaper international borrowings : Ravi Karunanayake
Apr 10, 2015 (LBO) – Sri Lanka is looking at cheaper borrowing from the international market, Finance Minister Ravi Karunanayake said.“Yes we are considering that,” Karunanayake said. Sri Lanka’s Total Debt to Gross Domestic Product (GDP) ratio increased to 88.9 percent from reported 74.4 percent of the government debt by the end 2014, the Finance […]
Sri Lanka SEC appoints Vajira Wijegunawardene as the new DG
Apr 10, 2015 (LBO) – Sri Lanka’s security exchange commission (SEC) has appointed Vajira Wijegunawardene as the Director General, a source said. The post had been vacant for the past three years. Wijegunawardene brother, Kapila Wijegunawardene, was recently named the chairman of Sri Lanka cricket’s new four-member selection committee. Statement by SEC Vajira Wijegunawardane has […]
Sri Lanka’s bond investigation report handed over to PM: Committe Chair
Apr 10, 2015 (LBO) – Sri Lanka’s committee appointed to probe controversial bond issue has handed over their report to the Prime Minister, yesterday, Chairman of the Committee said. “We have already handed over the report,†Attorney-At-Law Gamini Pitipana, Chairman of the Committee told LBO. “Yesterday, we gave this fact finding committee report to the […]
‘s Colombo Stock Exchange increases listing fees
Apr 09, 2014 (LBO) – Sri Lanka’s stock exchange has increased its existing fees that should be payable by companies seeking a listing of its securities, the CSE said in a statement.The CSE has obtained the necessary approval from the securities and exchange commission with regard to the amendment of section 11 of its listing […]
Sri Lanka government’s 100 day programme gets UN support
Apr 09, 2015 (LBO) – The visiting United Nation’s assistant secretary-general and United Nation Development Plan’s regional director Haoliang Xu, had said that the UN and UNDP in particular is pleased to continue to it’s support for the 100 Day Programme, at the request of the Government.Xu made this comment at a discussion held with […]
”’; revises outlook to positive
Apr 08, 2015 (LBO)- Sri Lanka’s Fitch Ratings has confirmed the rating on Hemas Holdings PLC’s outstanding senior unsecured debentures at ‘A+(lka)’. It has also published the company’s National Long-Term Rating of ‘A+(lka)’ and revised the outlook on the rating to positive from stable. The full statement reproduced below Fitch Ratings-Colombo/Sydney-08 April 2015: Fitch Ratings […]
Sri Lanka Treasury bill yields up: Central Bank
Apr 08, 2015 (LBO) – Sri Lanka’s Treasury yields were up on Wednesday’s auction with the increase of 12-month yield from 14 basis points to 6.90 percent, data from the state debt office showed.6-month yield was also up at 6.83 percent from 15 basis points and 11,200 million rupees were accepted from 20,150 million rupees. […]
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Apr 08, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Central Finance Company PLC’s proposed senior secured debentures of up to 3 billion rupees an expected National Long-Term Rating of ‘A+ (lka) (EXP)’. The proposed debentures will have tenors of between three and five years, and fixed-rate coupons. The company plans to the proceeds […]
Sri Lanka’s Hilton hotel gets new Chairperson
Apr 08, 2015 (LBO) – Sri Lanka’s Hotel Developers (Lanka) Plc, owners of Hilton hotel Colombo has appointed Sagarika Delgoda as it Chairperson, a media report said.The appointment was made by the Finance minister, Ravi Karunanayake under whose purview the company comes.She replaces Tirukumar Nadesen.Delgoda holds an upper second class Political Science and Government degree […]
Sri Lanka sells Rs20.04bn in 2 and 6 year bonds
Apr 07, 2015 (LBO) – Sri Lanka has sold 20.04 billion rupees of two and six year bonds after calling bids for 20 billion rupees of bonds, the state debt office said.The debt office on Tuesday sold 12.44 billion rupees of two year bonds maturing on 15 May 2017 at weighted average yield of 8.14 […]
UN to support development indicators of Sri Lanka
Apr 07, 2015 (LBO) – The Visiting United Nation’s assistant secretary-general and United Nation Development Plan’s regional director Haoliang Xu, had said that the UN and UNDP in particular would be ready to extend support to developing country specific development indicators that will contribute to the post-2015 development agenda. He said this at a discussions […]