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Sri Lanka sells Rs2.0bn in 04 and 07 year bonds
July 02, 2015 (LBO) – The issue of treasury bonds amounting to 10 billion rupees have been oversubscribed with 18 billion rupees of bids received from investors.The central bank has accepted one billion rupees of four year bonds maturing on 01 May 2020 at a weighted average yield rate of 8.20 percent. The bond auction […]
‘s common opposition will receive only 55 seats: Lakshman Kiriella
July 02, 2015 (LBO) – Sri Lanka’s ruling United National Party predicting the results of the upcoming general election said they are targeting over 115 seats and the common opposition receives only 55 seats in the Parliament.Former leader of the house and Plantation Industries Minister Lakshman Kiriella told reporters Thursday that they will drag most […]
Nawaloka Hospitals commences Rs2.5bn construction of multi-story car park
July 2, 2015 (LBO) – Sri Lanka’s Nawaloka Hospitals commenced construction of a 14 floor multi-storey car park and specialist center adjacent to the existing hospital complex with an investment of 2.5 billion rupees, the company said in a press release.This fifth phase of expansion of capacity since the hospital’s inception, will add 450,000 square […]
Commercial Leasing and Finance to issue debt
July 2, 2015 (LBO) – Sri Lanka’s Commercial Leasing and Finance to issue 50,000,000 rated, senior, unsecured, redeemable debentures at an issue price of 100 rupees each, the company said in a filing to stock exchange.The company says the Colombo Stock Exchange has approved the application for listing the debt securities of the company.The subscription […]
Joint Business Chambers urges political parties to nominate candidates of repute for elections
July 02, 2015 (LBO) – Sri Lanka’s Joint Business Chambers calls political parties to nominate candidates of repute for upcoming general election and endorse the ‘March 12th Declaration” an initiative of PAFFREL and the ‘Citizens’ Collective’, which identifies a set of minimum criteria that the political parties should use, in selecting candidates for all future […]
Lanka Rating Agency not entitled in law to carry on business as a Credit Rating Agency nor review ratings: SEC
July 1, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission of Sri Lanka (SEC), at its meeting held on the 29th of June 2015, decided that due notice be given to members of the public that, registration of Lanka Rating Agency Limited (LRA) as a Market Intermediary under the category of ‘Credit Rating Agency’ […]
Sri Lanka’s former President Mahinda Rajapaksa to contest general election
July 01, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapaksa on Wednesday making a special statement officially announced that he will contest the upcoming general election.“I don’t have a right to refuse your request to contest the general election.We are ready to correct our past errors and I request all patriotic people to gather […]
Sri Lanka’s President blocks MR contesting under SLFP as PM candidate
June 30, 2015 (LBO) – Sri Lanka’s President as the chairman of Sri Lanka Freedom Party has not agreed to name a Prime Ministerial candidate for the upcoming election, President’s media division said.A prime minister will be appointed based on the views of new parliamentarians representing SLFP led UPFA, the statement further said. Meanwhile former […]
Sri Lanka’s Access Engineering to enter property development sector
June 30, 2015 (LBO) – Sri Lanka’s leading construction company, Access Engineering is to enter into the highly growing property development sector with 524 million rupees of investment, the company said.The company has invested 273.6 million rupees to acquire Horizon Holdings Ventures private limited incorporated in this month.It has also invested 250.0 million rupees to […]
“We don’t think President will join hands with MR”: Harin Fernando
June 30, 2015 (LBO) – Sri Lanka’s United National Party today said that they still do not think President Sirisena will join hands with former President Rajapakse in order to get Sri Lanka freedom party (SLFP) win the election.“For the past few days, we have heard Mahinda Rajapakse saying that mistakes has been done during […]
Sri Lanka 3 and 6 months Treasury bill yields up, 12 months flat: Central Bank
June 30, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up at Tuesday’s auction with 3-months yield up 03 basis points to 6.11 percent and 6-month yields also were also up 03 basis points, to 6.21 percent, data from the state debt office showed. It was decided to accept 12,175 million rupees from the […]
Sri Lanka’s inflation at record low of 0.1-pct in June 2015
June 30, 2015 (LBO) – Sri Lanka’s inflation measured by Colombo Consumer Price Index has fallen to 0.1 percent in June 2015 from a year earlier, data from the statistics department showed. The index increased by 1.0 percent in the month to close at 181.6 points, after gaining from 0.7 percent in May 2015. The […]