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Golden Key depositors to be paid July 24th: Ravi K
July 16, 2015 (LBO) – Sri Lanka’s Finance Minister, Ravi Karunanayake said that all the Golden Key depositors will be paid on 24th of July 2015.“We are paying the Golden Key depositors on 24th,” the Minister told reporters in Colombo, Thursday.“The exact amount to be paid has not yet been decided yet,” The Golden Key […]
Sri Lanka CEB to
July 16, 2015 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board (CEB) has given approval to purchase a 60MegaWatt barge mounted power plant for 571 million yen (641 million rupees). The agreement on purchasing of electricity from the power plant has expired on 30th of June 2015. The proposal to purchase the plant has been […]
Sri Lanka gives nod to transport “Walla-Patta” on commercial basis
July 16, 2015 (LBO) – Sri Lanka’s cabinet of ministers have given approval to transport the plant “Gyrinopswalla” or “Walla –Patta” on commercial basis, based on a permit issued by the respective authority, cabinet spokesman Rajitha Senaratne said.The proposal was made by President Maithripala Sirisena in his capacity as the Minister of Mahaweli Development and […]
Greek MPs vote in favour of new austerity measures: Secure third Brussels bail-out
July, 16, 2015 (LBO) – Greek MPs have secured a third Brussels bail-out to ward off the threat of bankruptcy following a vote in favour of new austerity measures, foreign media reports said. “The 300 member parliament voted by a majority of 229 to 64 against on a raft of tax hikes and pension reforms, […]
Sri Lanka to pay revised pensions to pre-2006 retirees with August pension
July 16, 2015 (LBO) – Sri Lankan government has decided to revise the pensions of public servants who retired before the implementation of Public Administration Circular 6/2006 which were issued revising the salaries of public service, based on the salary revised by above circulars.The necessary instructions have been given under the Public Administration Circulars No.16/2015. […]
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July 16, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned People’s Leasing & Finance proposed senior unsecured debentures of up to 6 billion rupees an expected national long term rating of ‘AA-(lka)(EXP)’. The final rating is contingent on the receipt of the final documents conforming to information already received, Fitch Ratings said. The issue […]
Commercial Bank Bangladesh rated AAA: CRISL
July 16, 2015 (LBO) – Sri Lanka’s Commercial Bank, Bangladesh accorded AAA long-term credit rating by Credit Rating Information and Services (CRISL), a statement said. The full statement follows The AAA (Triple A) long-term credit rating accorded to the Bangladesh operations of Commercial Bank PLC has been reaffirmed by Credit Rating Information and Services Ltd […]
EU to observe Parliamentary Elections in Sri Lanka
July 15, 2015 (LBO) – European Union says that it has today started the deployment of an Election Observation Mission (EOM) to Sri Lanka to observe the Parliamentary Elections scheduled for 17 August 2015, following an invitation from the Sri Lanka authorities.“The European Union has once again responded positively to the invitation of the Sri […]
Sri Lanka’s President Maithripala Sirisena visits Central Bank, Ravi visits ‘Sathosa’
July 15, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has visited the Central Bank of Sri Lanka on 9th July 2015, the Bank said today. “Sirisena was accompanied by Prime Minister Ranil Wickramasinghe and jointly received by Governor Arjuna Mahendran, members of the Monetary Board and the senior management of CBSL.” the Central Bank […]
Sri Lanka stocks close up 0.6-pct: Banking gains
July 15, 2015 (LBO) – Sri Lanka’s stocks closed up 0.56 percent on Wednesday, for a fifth consecutive session with banking sector showing gains, brokers said. The Colombo benchmark All Share Price Index closed 39.19 points higher at 7,066.19 up 0.56 percent. The S&P SL20 closed 37.38 points higher at 3,957.66 up 0.95 percent. Turnover […]
UPFA expecting over 113 seats in Parliament; MR appointed head of election operations committee
July 15, 2015 (LBO) – The United People’s Freedom Alliance is expecting over 113 seats in the next Parliament, General Secretary of the party Susil Premajayantha said. “We are expecting the majority.It is possible by wining just 14 districts in the country.” Premajayantha told LBO. Speaking at a special press briefing Premajayantha revealed that former […]
Sri Lanka lacks high-end shopping malls to attract affluent travelers: Report
July 15, 2015 (LBO) – Sri Lanka still lacks malls that can give its high-end tourists the holistic retail experience, despite the growth in retail options in the Island, a recent report said.“Despite the growth in retail options the city still lacks high-end shopping malls to entice the affluent travelers by providing them a holistic […]