Category: Economy and Markets
Sri Lanka to get World Bank support in implementing policies to reduce poverty
Feb 24, 2015 (LBO) – World Bank’s vice president for the South Asia Region Annette Dixon said the Bank would partner with the government to help shape and implement policies aimed at reducing poverty, improving shared prosperity and promoting sustainable growth. The Government has laid out an ambitious reform agenda aimed at improving governance, transparency […]
”
Feb 20, 2015 (LBO) –The new government had to revisit the ‘deemed Value Added Tax’ where it was asked by the new administration to pay tax on ‘VAT-exempt’ items such as vegetables, seafood and rice by limiting the ability of companies to reclaim taxes, Sri Lanka’s Cargills Food City Chief Ranjith Page said in Colombo […]
’s Prime Minister Modi to visit Sri Lanka: First visit after 28 years
Feb 20, 2015 (LBO) – India’s Prime Minister Narendra Modi will visit Sri Lanka on March 13 which is the first visit by an Indian leader to the island in 28 years, cabinet spokesman Rajitha Senaratne said yesterday. Senaratne said, the two government plans to discuss about Indian investment in Sri Lanka in detailed during […]
’s discussion with IMF and the World Bank begun
Feb 20, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake has begun discussions with World Bank Managing Director Sri Mulyani Indrawati and with IMF Managing Director Christine Lagarde, the central bank said in a media release. Also, these discussions will continue with the senior officials in the context of the next regularly scheduled Post-Program […]
Sri Lanka Hayleys to issue debentures
Feb 19, 2015 (LBO) – Sri Lanka, Hayleys PLC, which has interests in export manufacturing, power, leisure and plantations to issue senior unsecured listed redeemable rated debentures of 20,000,000, the company said in a stock exchange announcement.The company said that the Colombo Stock Exchange has approved in principal an application for listing the debt securities […]
”
Feb 19, 2015 (LBO) – Fitch Ratings has assigned Singer Finance PLC’s proposed listed senior secured debentures of up to 1.5 billion rupees an Expected National Long-Term rating of ‘BBB (lka) (EXP)’, the rating agency said in a statement.The proposed issuance is expected to have a tenor of five years with a fixed-rate coupon which […]
”
Feb 19, 2015 (LBO) – Sri Lanka’s Port City project has not been stopped yet and is still being looked into, Prime Minister Ranil Wickremesinghe told parliament yesterday. “We have not yet decided to stop this project but we are examining all the details of this agreement,” Prime Minister Ranil Wickremesinghe said in a statement. […]
Sri Lanka and IMF talks kicks off
Feb 19, 2015 (LBO) – Sri Lanka Finance Minister Ravi Karunanayake and International Monetary Fund Managing Director Christine Largarde discussion had kicked off in Washington today. Management level dialogue will continue on the occasion of the Spring Meetings of the IMF and the World Bank in April. the statement said. We had a fruitful discussion […]
” magazine issue
Feb 18, 2015 (LBO) – Sri Lanka’s new administration had ordered to release an issue of India’s Frontline magazine, which was held at the border, Sri Lanka’s Prime Minister’s office said in a statement.Customs authorities had held up the magazine due to an article which contained a reprint of an interview with the leader of […]
Sri Lanka Treasury bill yields up: Central Bank
Feb 18, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up on Wednesday’s auction with the 12-month yield increased to 6.12 percent from 6.10 percent in the last auction, data from the state debt office showed.6-month yield was also up at 6.03 percent and 2,391 million rupees were accepted from 7,016 million rupees.The debt […]
Sri Lanka Softlogic December net up 10-pct
Feb 18, 2015 (LBO) – Sri Lanka’s Softlogic Holdings December 2014 quarter net profit rose 10 percent to 179.1 million rupees from a year ago with big contributions from healthcare and IT and financial sector, interim accounts showed. Sales in the quarter rose 52 percent to 7.1 billion rupees from the previous year. Other operating […]
Sri Lanka Treasury bill yields up: Central Bank
Feb 18, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up on Wednesday’s auction with the 12-month yield increased to 6.12 percent from 6.10 percent in the last auction, data from the state debt office showed. The debt office which is part of the island’s central bank offered 3-month short term bills for the […]