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New salaries commission to review public, private salary structures
Feb 24, 2016 (LBO) – The cabinet has decided to appoint a new Salaries and Cadre Commission to broadly and formally review salary structures and cadre requirements with a view to creating a more effective and contented Public Service. The proposed commission which will comprise of learned and experienced officers is also to formulate a […]
Sri Lanka stocks down 0.2-pct
Feb 24, 2016 (LBO) – Sri Lankan stocks closed down at 0.18 percent with losses in some banking and finance sector stocks with low retail investor activity, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 11.35 points down at 6,217.64 down 0.18 percent. The S&P SL20 closed 0.91 points down at 3,260.80 […]
New Zealand, Sri Lanka sign agreement to enhance dairy cooperation
Sri Lanka and New Zealand today (24) signed a partnership arrangement for the Sri Lanka Dairy Excellence Training Initiative between the Sri Lanka Ministry of Rural Economic Affairs and the New Zealand Ministry of Foreign Affairs and Trade under the Dairy Cooperation Arrangement (DCA) , which was signed in November 2013. The agreement was signed […]
PTL Watch: Buying in liquid 2030, 2041 Sri Lanka bonds
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‘s senior debt final A-
Fitch Ratings has assigned Singer Sri Lanka PLC’s (Singer, A-(lka)/Stable) proposed senior debentures of up to LKR2bn a final National Long-Term Rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received, and the final rating is the same as the expected rating assigned on 15 December […]
‘t lose jobs
Feb 24, 2016 (LBO) – Sri Lanka is currently at the formulating stage of an “Economic Technology Cooperation Agreement” with India, Prime Minister Ranil Wickremesinghe said in Parliament Tuesday. This agreement will not lead to Sri Lankans losing jobs, he added. “We still haven’t seen India’s version. We have to put the two proposals together […]
Sri Lanka’s Nestlé unit net up 4-pct in Dec quarter
Feb 24, 2016 (LBO) – Nestlé Lanka, a unit of a Swiss-based food group said profits rose 4 percent to 640 million rupees in the December 2015 quarter from a year earlier. The firm reported earnings of 11.92 rupees per share for the quarter against 11.44 rupees reported a year earlier. In the twelve months […]
‘s can open new doors for Sri Lanka’s real estate market
Feb 24, 2016 (LBO) – Sri Lanka’s property market will see new market space opening up with the introduction Real Estate Investment Trusts (REITs), a new capital market tool, an investment specialist said. “REIT’s will transform the capital market and give new shape to the real estate market,” Hardy Jamaldeen, director, Sterdian Capita Investment said. […]
ADB to help Sri Lanka expand Colombo port operations using PPP
Feb 24, 2016 (LBO) – The Asian Development Bank (ADB) and Sri Lanka Ports Authority (SLPA) signed a transaction advisory services agreement Tuesday to develop the East Container Terminal (ECT) of Colombo Port through public–private partnership (PPP). The signing was witnessed by Takehiko Nakao, President of ADB, and Sri Lanka’s Finance Minister Ravi Karunanayake. “The […]
Sri Lanka to get 100Mn loan from ADB for SME sector
Feb 23, 2016 (LBO) – Sri Lanka’s government signed a loan agreement with the Asian Development Bank (ADB) to borrow 100 million US dollars to implement a small and medium enterprise credit line project, the Finance Ministry said. “The project aims to increase the employment opportunities by strengthening the SME’s access to finance,” the Finance […]