Category:
Sri Lanka 12-month Treasuries yield falls
July 31, 2013 (LBO) – Sri Lanka’s 12-month Treasuries yield fell 04 basis points to 10.52 percent at Wednesday’s auction, data from the state debt office said. In the secondary market 3-month bills were quoted at 8.65/85 percent levels and 6-month bills were quoted around 9.65/75 percent levels, dealers said. The 12-month bill was quoted […]
Sri Lanka sovereign and banking forum by Fitch
July 31, 2013 (LBO) – Fitch Ratings will hold a sovereign and banking roundtable forum in Colombo on August 06, where senior analysts from the rating agency and representatives of the financial sector will participate. Sri Lanka’s central bank Governor Nivard will be chief guest. The full statement is reproduced below: Fitch to Host First […]
Expansion Plan
July 31, 2013 (LBO) – State-run Sri Lanka Ports Authority (SLPA) expects to invest in foreign ports and look for opportunities in terminal management, a strategic plan running up to 2020 said.SLPA already has a 15 percent stake in Colombo International Container Terminal, where China Merchant (International) is the majority partner. “..SLPA will jointly explore […]
Property Rights
HANOI, July 31, 2013 (AFP) – A Vietnamese fish farmer who became a folk hero after he used homemade weapons to resist forced eviction has lost his appeal against a five-year jail term for attempted murder, a court clerk said Wednesday. Doan Van Vuon and his family rose to prominence when they armed themselves with […]
No Probe
July 30, 2013 (LBO) – Sri Lanka’s finance ministry was not probing an allegation of pay-offs in a land deal with India’s Krrish group because there was no complaint by the investor, top officials aid.Krrish in a statement last week, denied that any pay-offs had been made for the land deal. Finance secretary P B […]
Suspects
LONDON, July 30, 2013 (AFP) – Almost 100 foreign suspected war criminals were found to be living in Britain last year after applying for citizenship or asylum, the interior ministry said on Tuesday.“That, in turn, requires more political will and commitment at the higher level.” British police in May arrested five men wanted in Rwanda […]
Platform Sale
July 31, 2013 (LBO) – Sri Lanka-based MillenniumIT, a unit of London Stock Exchange group said it had won deal to sell its securities trading platform to Argentina. MillenniumIT software is running in around 30 locations around the world. Recast The London Stock Exchange group said Wednesday it had been selected as technology partner for […]
”’: report
MUMBAI, July 31, 2013 (AFP) – India’s central bank governor has decided to “move on” and a hunt for his successor is underway, the country’s finance minister was quoted saying Wednesday.The government’s chief economic advisor, Raghuram Rajan, India’s economic affairs secretary Arvind Mayaram and Planning Commission member Saumitra Chaudhary are contenders to succeed Subbarao, the […]
Sri Lanka creates free zones for entrepot trade, off-shore business
July 31, 2013 (LBO) – Sri Lanka has declared two seaports as ‘free ports’ and an airport and two export processing zones as bonded areas, for entrepot trade and off-shore business.Colombo and Hambantota ports have been declared as free ports. Export processing zones in Katunayake by the main international airport and Koggala and the second […]
Gas Plan
July 31, 2013 (LBO) – Sri Lanka’s state-run ports agency is planning a liquid natural gas terminal in its southern port in Hambantota for power generation and LNG bunkeringis also on the cards, in a strategic plan running up to 2020.SLPA chairman Priyath Wickrema said the strategic plan ‘Vision2020’ will enable Sri Lanka to be […]
‘s inflation up 6.1-pct in July 2013
July 31, 2013 (LBO)- Consumer prices in Sri Lanka’s capital Colombo rose 6.1 percent in July 2013 from year earlier easing from 6.8 percent in June, with the index gaining 0.2 percent in the month, the state statistics office said. But this time policy has been loosened aggressively, the exchange rate has been weaker and […]
Sri Lanka raises hard alcohol, beer taxes
July 31, 2013 (LBO) – Sri Lanka has raised taxes on hard alcohol by 75 rupees a litre and beer by 10 rupees per litre along with cigarettes which will help keep revenue targets on track, an official said. The mid-year tax hike will not bring in additional revenue above budget projections but simply keep […]