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Sri Lanka’s President Sirisena calls for a new thinking on Asian growth strategy
Mar 29, 2015 (LBO) – Sri Lanka’s President Maithreepala Sirisena calls for a new thinking on growth strategy and more cooperative partnership among the community of Asia.He was speaking yesterday at the economic conference “Boao Forum for Asia 2015” held in Hainan island , China’s south and said there is an ever-growing disparity among the […]
Facebook to focus on three themes in 2015: Zuckerberg
Mar 29, 2015 (LBO) – Facebook annual developer conference kicked off in San Francisco recently unleashed more than 25 products and tools to help its developers build, grow, and monetize mobile apps. The event attracted more than 2,500 developers around the world to build the next generation of apps. Facebook CEO Mark Zuckerberg delivering the […]
Sri Lanka to ease entry barriers for FDI: Ravi Karunanayake
Mar 28, 2015 (LBO) – Sri Lanka needs to ease foreign investment entry obstacles to attract more foreign direct investment, finance minister Ravi Karunanayake says.Karunanayake made this comment while delivering a keynote address at the 18th Asian Investment Conference organised by Credit Suisse. The conference is an exclusive business gathering in the Asia Pacific region […]
Sri Lanka new rulers to get Chinese support
Mar 28, 2015 (LBO) – Chinese Prime Minister Li Keqiang assured and pledged Chinese government’s fullest support to the new government of Sri Lanka, a media release said. “The Chinese Premier further said China does not have relationship with individuals of different countries, but it has a policy of developing bilateral ties with nations,” the […]
Sri Lanka sells $100mn of 5 year development bonds; rejects all bids at 2 and 3 years
Mar 27, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 100 million US dollars of bids received from investors. The central bank has accepted 100 million US dollars of five year bonds at a rate of 6 month US dollars LIBOR plus a […]
”; outlook stable
Mar 27, 2015 (LBO) – Fitch Ratings has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. The full text is reproduced below. Fitch Ratings-Colombo-27 March 2015: Fitch Ratings Lanka has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS […]
‘BB-: New taxes will hasten industry consolidation
Mar 02,2015 (LBO) Fitch Ratings has affirms Sri Lanka Telecom’s (SLT) long-term foreign- and local-currency ratings at ‘BB-‘ and national long-term rating at ‘AAA(lka)’ with a stable outlook. However it said with the new adjustments of the new administration’s interim budget SLT is likely to pay around 3.5- 4 billion rupees in additional taxes. Fitch […]
Sri Lanka Freedom Party yet to decide a disciplinary action who participated pro-MR rally
Mar 27, 2015 (LBO) – Sri Lanka Freedom Party general secretary told LBO that the party is yet to decide a disciplinary action against parliamentarians who participated in a pro-Mahinda rally. “We haven’t taken any decision on that yet, I can’t decide it my own, that’ll be decided at a party meeting in the future.” […]
‘s President appoints a new law commission
Mar 27, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed new members for the law commission, justice ministry said in a statement.The law commission act provides that suitable eminent persons who have held or hold judicial office, or have experience as attorneys-at-law or teachers in law or are academically qualified in law can […]
Ultra small computer by Intel; first look in Sri Lanka
Mar 27, 2015 (LBO) – Sri Lankan media on Thursday got a rare opportunity to experience a factory model of an ultra small computer design built by Intel Corporation which will be unleashed in the coming months. This pocket-sized computer called ‘Intel compute stick’ is a device delivering an entry compute experience by plugging directly […]
Sri Lanka’s NDB-DFCC merger awaiting new regime’s go ahead
Mar 27, 2015 (LBO) – Sri Lanka’s National Development Bank (NDB) and DFCC Bank says that they are still awaiting a decision from a committee appointed by the new government who are investigating all the consolidations which were done and pending under the previous regime. “We have made our submissions and as of today NDB […]
” with a stable outlook : Rating agency
Mar 27, 2015 (LBO) – Fitch Ratings Lanka has affirmed Siyapatha Finance PLC’s (SLFL) national long-term rating at ‘A(lka)’ with a stable outlook, the rating agency said in a media statement. The agency has also affirmed SLFL’s outstanding senior unsecured debentures at national long-term rating of ‘A(lka)’ and outstanding subordinated debentures at ‘A-(lka)’. The full […]