Category: Economy and Markets
Building future ready enterprises in Sri Lanka
Sept 30, 2013 (LBO) – Some of Sri Lanka’s best brains from corporate, academic and research communities and panelists from the region will share their insights on building ‘future ready enterprises’. Titled ‘LBR LBO Summit on Enterprise 2.0, Building Future Ready Enterprises’, the thought-provoking, one and a half-day event will take place on Friday 4th […]
Sri Lanka inflation at 6.2 percent in September
Sept 30, 2013 (LBO) – Sri Lanka’s consumer prices rose 6.2 percent in September 2013 from a year earlier, slowing from 6.3 percent in August, data from the state statistics office showed. The International Monetary Fund has said monetary policy should not be relaxed further this year, until the effects of earlier easing is seen. […]
Decent Conditions
KATHMANDU, September 27, 2013 (AFP) – Rights groups urged South Asian governments Friday to demand proper protection for their migrant workers amid outrage over the deaths of dozens of Nepalis on projects linked to the 2022 World Cup in Qatar.While Nepal’s government said it would not try to halt the flow of migrant workers after […]
Teaching Proposals
By Nisha Arunatilake Sept 27, 2013 (LBO) – Despite impressive performance in access to education, issues of quality of education, access to higher levels of education and relevance of education has challenged the education sector in the recent past. School based recruitments will help to alleviate another pressing issue in the sector: the inefficient placement […]
Sri Lanka builds forex reserves by killing rupee liquidity
Sept 27, 2013 (LBO) – Sri Lanka’s central bank has called bids to sell down 10 billion rupees of its portfolio of Treasuries Friday after selling down 8 billion rupees of Treasuries earlier in the week, which will help build up foreign reserves.This year the Central Bank has to repay about 500 million US dollars […]
Sri Lanka Bank of Ceylon to sell Rs8.0bn in debt
Sept 27, 2013 (LBO) – Sri Lanka’s state-run Bank of Ceylon is to raise 8.0 billion rupees through subordinated debt, Fitch Ratings said giving a rating of ‘AA(lka)’, one notch below its national rating. The bank will sell debentures up to 10 years with fixed and floating coupons. The full statement is reproduced below Fitch […]
Climate Funds
Sept 27, 2013 (LBO) – Sri Lanka’s Pan Asia Bank said it had struck a deal to get 20 million US dollars to finance green energy, from in global climate fund. The bank is inviting clients to submit proposals for green projects. The Global Climate Partnership Fund (GCPF) is promoted by the German and Denmark […]
Sri Lanka stocks close 0.3-pct higher, rupee steady
Sept 27, 2013 (LBO) – Sri Lanka stocks closed higher for the second consecutive day, up 0.39 percent and the rupee ended slightly weaker, brokers and dealer said. The benchmark Colombo All Share Price Index closed 22.46 points higher at 5,808.62, up 0.39 percent and the S&P SL20 closed 9.98 points lower at 3,209.11, down […]
‘s NDB begins bond road show: report
Sept 26, 2013 (LBO) – Sri Lanka’s National Development Bank has begun a road show to sell a 250 million US dollar bond in international markets.DFCC Bank is also expected to go the market soon. Bloomberg newswires said investor meetings were being held in Hong Kong, Singapore, and London to starting from this week. Barclays, […]
Sri Lanka cautioned against high yield foreign debt by IMF
Sept 26, 2013 (LBO) – Sri Lanka has to be careful of borrowing from abroad at high rates, amid low growth and flat state revenues, an International Monetary Fund official said.Todd Schneider who headed an IMF mission in the wake of a successful 2.6 billion US dollar bailout, said Sri Lanka’s public debt dynamics were […]
Sri Lanka stocks flat, rupee steady
Sept 26, 2013 (LBO) – Sri Lanka stocks were flat Thursday with interest in diversified companies and some speculative trading, brokers said, while the rupee was steady in forex markets, dealers said. A liquid five year Treasury bond was quoted at 11.71/75 percent during late trading, down from 11.75/78 percent levels yesterday. Excess liquidity in […]
Corporate Code
Sept 26, 2013 (LBO) – Sri Lanka’s chartered accountants and the Securities and Exchange Commission has launched a revised ‘Code of Best Practice on Corporate Governance.’ “Good corporate governance is fundamental to an organization’s competitiveness, growth and most importantly its sustainability,” The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) said in a […]