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Sri Lanka foreign lenders led by China, export credits up
Nov 28, 2013 (LBO) – Sri Lanka has 1.9 billion US dollars of new bilateral and multilateral commitments up to September 2013 led by China with export credit from other countries also showing increases, a finance ministry report showed. The Exim Bank of China has given 283 million US dollars for railway track, 155.4 million […]
‘s Treasuries yields ease
Nov 27, 2013 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12-month yield falling 06 basis points to 9.69 percent. The 3-month yield fell 04 basis points to 8.06 percent and the 6-month yield fell 05 basis points to 8.80 percent. The debt office offered 11.0 billion rupees of […]
Sri Lanka stocks close lower
Nov 27, 2013 (LBO) – Sri Lanka stocks fell for the fourth straight day with diversified stocks losing ground amid foreign selling, brokers said. HNB closed flat at 144.00 rupees and Lanka Orix Leasing Company closed 1.10 rupees higher at 64.20 rupees. Aitken Spence closed 10 cents lower at 108.00 rupees and Aitken Spence Hotel […]
Channel Expansion
Nov 27, 2013 (LBO) – Sri Lanka’s E-channelling, which runs a service offering online appointments with medical doctors, said it plans to operate similar services in East Asia, collaborating with its main shareholder.This includes Malaysia, Singapore, Indonesia, Phillippines, Taiwan, Korea, China, Vietnam and Thailand. E-channelling said ECL Soft Pvt Ltd, a subsidiary has struck a […]
US administration fights new Iran sanctions by parliament
WASHINGTON, November 26, 2013 (AFP) – The US administration stepped up its battle Tuesday to thwart moves by lawmakers to tighten sanctions on Iran, warning that would jeopardize tough negotiations on Tehran’s nuclear program.It’s not “an all-at-one-time or .. a spigot that’s turned all the way on. It would be a slow process that obviously […]
Sri Lanka state firms to repay debt, but Treasury guarantees up
Nov 27, 2013 (LBO) – Sri Lanka’s state energy firms are repaying debt to banks with returning profits, but off-budget bank borrowings under Treasury guarantees are continuing to climb, finance ministry data showed.Loss-making state enterprises that borrow for consumption spending using savings of private citizens have been a key reason for lower domestic investments and […]
Sri Lanka biz chamber recognizes corporate good works
Nov 27, 2013 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce has announced the winners of its ‘Best Corporate Sustainability Awards’ which encourages firms to get more involved in environmental and social work. Best Corporate Citizen Sustainability Award 2013 Winners- Category A 1. Diesel & Motor Engineering PLC 2. Sampath Bank PLC 3. Aitken Spence […]
Sampath Bank debentures oversubscribed
Nov 26, 2013 (LBO) – Sri Lanka’s Sampath Bank said a listed debt offer for 5.0 billion rupees had been oversubscribed Tuesday and is closing on the same day.The bank offered 5-year debentures paying an annual fixed rate or with six monthly payments. NDB Investment Bank managed the offer.
Sri Lanka stocks close lower
Nov 26, 2013 (LBO) – Sri Lanka stocks fell for the third consecutive day with diversified and property stocks losing ground amid foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 27.66 points lower at 5,748.01, down 0.48 percent. The S&P SL20 closed 14.25 points lower at 3,168.69, down 0.45 percent. Turnover […]
Sri Lanka avoids EU fishing sanctions
Nov 26, 2013 (LBO) – Sri Lanka has been named as a country that made progress over curbing illegal fishing by the European Commission, allowing the country to export to the European Union at least until next March. Sri Lanka was previously hit with a yellow card earlier, and fisheries minister Rajitha Senaratne has lobbied […]
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GENEVA, November 26, 2013 (AFP) – The giraffe-like Okapi and the White-winged Flufftail, one of Africa’s rarest birds, are on the verge of extinction, conversation body the IUCN warned on Tuesday. But it has been given a helping hand by the US National Park Service, via captive breeding, reintroduction, vaccination against canine diseases and relocation […]
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SYDNEY, November 26, 2013 (AFP) – Australia said Tuesday it had summoned Beijing’s ambassador to voice opposition to China’s sudden announcement of an air defence identification zone over the East China Sea. China and Japan each summoned the other’s ambassador after Beijing said Saturday it had established an Air Defence Identification Zone — which would […]