Category: Economy and Markets
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 […]
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 […]
Sri Lanka says “NO” to unsolicited proposals
Apr 06, 2015 (LBO) – Sri Lanka decided not to accept unsolicited proposals as a matter of policy, and plans to act according to the government tender procedure regarding all such proposals in the future, cabinet spokesman, Rajitha Senaratne said last week.The cabinet of ministers has already approved this proposals made by Prime Minister Ranil […]
Sri Lanka’s Coffee Bean and Tea Leaf opens Rs 50mn store in Colombo
Apr 05, 2015 (LBO) –Sri Lanka’s Coffee Bean and Tea Leaf, Californian coffee brand founded in 1963 in Los Angeles, has opened a new coffee store with an investment about 50 million rupees to cater to the trending coffee demand, an official said. “Other fast developing countries have shown the same pattern that Sri Lanka […]
Sri Lanka get ¥ 550mn Japanese grant to develop rail network and agricultural facilities
Apr 03,2015 (LBO) – Sri Lanka’s Cabinet spokesmen Rajitha Senaratne said, the government of Japan has agreed to provide grant assistance under non- project grant aid amounting to Japanese Yen 500 million or 550 million rupees for Japanese equipment to develop the islands railway network and agricultural facilities. The equipment to be obtained under this […]
Sri Lanka has over Rs 300bn unpaid road develpment bills: “We are in a major mess”: Kabir Hashim
Apr 02, 2015 (LBO) – Sri Lanka’s Minister of Highways and Investment Promotion says, the government has over 300 billion rupees of bills to be paid for unsolicited proposals and contracts without agreements for roads building. “That’s a colossal amount,” Kabir Hashim, Minister of Investment Promotion and Highways told reporters at a press conference held […]