Category:
Sri Lanka sells three billion rupees in 02 and 03 year bonds
June 23, 2015 (LBO) – Sri Lanka has sold three billion rupees of two and three year bonds after calling bids for two billion rupees of bonds, the state debt office said. The debt office on Tuesday sold 1.5 billion rupees of two year bonds maturing on 15 June 2017 at a weighted average yield […]
Sri Lanka’s BOI signs Rs24.58bn investments from Jan – May 2015
June 23, 2015 (LBO) – Sri Lanka’s Board of Investment said that it has signed 42 investment agreements worth 24.58 billion rupees with enterprises representing a vast range of sectors which reflect the growing diversification of Sri Lanka’s economic base and exports. The agreements includes foreign investment of 6,849 million rupees or 51 million US […]
Nestle Lanka welcomes government move to test Maggi: ITI report due Thursday
Jun 23, 2015 (LBO) – Nestle Lanka, a unit of a Swiss-based food group said, they welcomed the move by the government to test their popular brand Maggi for its lead content.“We welcome this move by the government to test the product and it will act as an assurance to us,” Bandula Egodage, Coporate Spokesperson, […]
Sri Lanka’s PAFFREL in signature campaign pushing political parties for proper nominations
June 23, 2015 (LBO) – Sri Lanka’s election watchdog PAFFREL has organized an island wide campaign to collect one million signatures from the masses in support of the ’12th March Movement’.The programme will be launched on Thursday morning from Independence Square, Colombo amidst the blessings of all religious leaders in order to achieve two fundamental […]
Sri Lanka’s Serendib Hotels boosted by online sales
June 23, 2015 (LBO) – Serendib Hotels Plc, a unit of Sri Lanka’s Hemas group said the group revenue increase was supported by the growth of emerging markets and online bookings while occupancy level were up two percent. “A notable increase was observed in the volume of online bookings during the year, particularly from new […]
SLT in aggressive chase for new markets in the region
June 23, 2015 (LBO) -Sri Lanka Telecom (SLT) is aggressively pursuing new markets in the region through strategic direction of building international connectivity, a statement said. SLT says its global coverage was strengthened via multiple undersea optical fibre cable systems: SEA-ME-WE 3, SEA-ME-WE 4, Bharat-Lanka (between India and Sri Lanka) and Dhiraagu (between Maldives and […]
I am willing to serve Sri Lanka for few more years: Former CB Governor
June 23, 2015 (LBO) – Sri Lanka’s former Governor of the Central Bank, Ajith Nivard Cabraal says he is looking forward to use his knowledge and capabilities on behalf of the country. In a live interview broadcast through a local TV station, Cabraal revoked his past experiences.“I worked for the private sector for 33 years […]
Key public enterprises should be managed through an independent authority: Minister
June 23, 2015 (LBO) – Sri Lanka’s Power and Energy Minister Champika Ranawaka says that the CPC, CEB, Port and Airport should be managed through an independent authority.“Key public enterprises, namely, Ceylon Petroleum Corporation, Ceylon Electricity Board, Port and Airport should be run through an independent authority,” “However this proposal has not got the required […]
Sri Lanka obtains Rs 684 bn borrowings for the 4 months to April 2015
June 22, 2015 (LBO) – Sri Lanka’s new administration has obtained 684.2 billion rupees gross borrowings for the first four months to April 2015, the cabinet spokesperson said last week. The approved amount of loans to be taken in the year 2015 is 1,780,000 million or 1780 billion.According to the data submitted by Ministry of […]
Sri Lanka’s 20th amendment, a conspiracy against JVP
June 22, 2015 (LBO) – Sri Lanka’s Marxist JVP on Monday said there is a conspiracy against the JVP to block its representation in the Parliament through the newly proposed election reforms.Speaking at a media briefing General Secretary of the party Tilvin Silva told reporters that corrupted Parliamentarians has the intention of blocking the socialist […]
Sri Lanka stocks close higher 0.06-pct
Jun 22, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.06 percent with index heavy stocks showing gains, Monday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 4.50 points higher at 7,039.65 up 0.06 percent. The S&P SL20 closed 6.41 points higher at 3,912.69 up 0.16 percent. Turnover was 489 million rupees, down […]
‘s state-owned enterprises in commercial business skew the market: Mano
June 22, 2015 (LBO) – Sri Lanka State-Owned Enterprises in commercial business have an unfair advantage over other private companies which leads to a skewed market, a private enterprise leader said. This problem is compounded when the public is not aware of the situation due to an unavailability of information, he added. “ In my […]