Category:
Skills Training
June 27, 2012 (LBO) – The International Finance Corporation, is working with Sri Lanka’s Nations Trust Bank to help up to 30,000 small business owners become more competitive through a series of advisory interventions, sharpening their readiness to access new markets. IFC said its advisory assistance has helped the bank to strengthen its institutional capacity […]
Regulatory Conflict
June 27, 2012 (LBO) – Sri Lanka’s Employment Provident Fund, a central bank managed fund, said it had welcome a detailed statement from Standard & Poor’s which warned of risks facing lenders over the fund buying up bank stock. S & P said it warned of regulatory conflict under a standard rules which give higher […]
Cost Model
June 27, 2012 (LBO) – Sri Lanka’s state-run Sri Jayawardanapura Hospital, established as a cost-recovery hospital which levies some fees from patients has raised 1. 69 billion rupees in revenues for in 2011, a finance ministry report said. The Treasury has given an 840 million rupee grant for capital expenditure and 231 million rupees for […]
Sri Lanka Cricket secures $30 mn bids for premier league: report
June 27, 2012 (LBO) – Sri Lanka Cricket has secured bids in excess of 30 million dollars to host its first Twenty20 premier league, a report said. Seven parties submitted bids for the August 10-31, Sri Lanka Premier League (SLPL) featuring seven provincial teams, each having six foreign players in their squad but with a […]
‘s North population shrinks, East expands
June 27, 2012 (LBO) – Population in Sri Lanka’s northern Jaffna area has shrunk during a 30-year civil war but parts of the former war zone which was not fully under control of separatists had seen above average growth, new census data shows. The first census conducted in the area since 1981, has shown that […]
Sri Lanka population lower than estimated, but growing: Census Dept
June 27, 2012 (LBO) – Sri Lanka’s first countrywide census conducted after the end of a 30-year war shows the population is 20.277 million, the statistics office said, which is lower than earlier estimates. Earlier estimates put mid-year population in 2011 at 20.869 million with an annual growth rate of 1.0 percent. The census conducted […]
Sri Lanka forex markets in a spot
June 26, 2012 (LBO) – Sri Lanka’s spot foreign exchange markets were inactive Tuesday with no two way quotes following earlier regulatory pressure, though the market for transactions with settlement three days ahead, became active, dealers said. So-called ‘spot’ market deals are settled two days later. ‘Spot next’ or deals settled three days later, were […]
Sri Lankan stocks flat; high turnover driven by Aitken Spence, Lion Brewery
June 26, 2012 (LBO) – Sri Lankan share prices were virtually flat on Tuesday, despite big ticket deals in Aitken Spence PLC and Lion Brewery PLC which propelled the bourse to one of its highest turnovers in a single trading day, brokers said. The benchmark All Share Price Index was down 0. 44 points or […]
Safe Zone
June 26, 2012 (LBO) – Sri Lanka’s Sampath Bank PLC secured a A+(lka) for its upcoming 2.5 billion rupees debenture from Fitch Ratings Sri Lanka. The five-year debt paper is expected to be listed on the Colombo Stock Exchange, and will be used to beef up Sampath’s Tier II capital, Fitch said on Tuesday. Full […]
Stable Outlook
June 26, 2012 (LBO) – Fitch Ratings Sri Lanka revised Sinhaputhra Finance PLC’s outlook upwards to ˜stable’ from ˜negative’ on improvements in its credit risk management practices. The outlook revision and affirmation reflects¦ subsequent stabilisation and enhancement in its asset quality, although the latter still remains weaker than its peers’ average, the risk evaluator said […]
Levies
June 26, 2012 (LBO) – Sri Lanka’s state banks, two insurers and a state airport agency are among the top contributors to the budget by levies and dividends a finance ministry report showed. State-run National Savings Bank paid 4,560 million as levies, the Peoples’ Bank 4,500 million rupees and Bank of Ceylon 4,500 million rupees. […]
Credit FAQ
June 26, 2012 (LBO) – Standard and Poor’s, a rating agency has released a document answering potential investor queries following the release of a Banking Industry Country Risk Assessment. The full statement is reproduced below: Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka Standard & Poor’s Ratings Services recently assigned Sri Lanka to its […]