Tag: lbo
FitsAir acquires approval for inflight catering
FitsAir, Sri Lanka’s leading low-cost airline, is proud to announce a significant enhancement to its service offerings by obtaining approval for inflight self-catering. This strategic move aligns with the airline’s vision to offer low-cost international travel. FitsAir’s Inflight Catering Services prioritise affordability and variety, providing passengers with wallet-friendly meal choices that won’t strain their budgets. […]
Interview: Post-COVID investment to Sri Lanka back on track
The Board of Investment (BOI) Chairman Sanjaya Mohottala said Sri Lanka is home to over 1,200 foreign companies and out that 50 percent of capital formation that took place in 2020 by BOI companies came from existing investors. He added that along with supporting existing industries to expand, the BOI is also looking to orchestrate […]
‘s CSE removes share transaction levy
Dec 31, 2015 (LBO) – Sri Lanka’s Colombo stock exchange’s share transaction levy of 0.3 percent will be removed with effect from 1 January 2016, a statement said.“The proposal was announced in the government’s 2016 budget presented to parliament in November aimed at encouraging share market trading,” a stock exchange filling said.Under the new fee […]
Sri Lanka stocks close up 0.3-pct
Dec 31, 2015 (LBO) – Sri Lankan stocks closed up at 0.35 percent with gains in some banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed higher at 23.87 points at 6,894.50 up 0.35 percent. S&P SL20 closed 29.00 points up at 3,634.07 up 0.80 percent. Turnover was at 326 million […]
Sri Lanka govt in informal consultation with IMF: CB Governor
Dec 31, 2015 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran said that they are examining the possibilities of an International Monetary Fund (IMF) loan facility next year. “Yes we are examining the possibilities and the government are in informal consultation with the IMF,” Mahendran said. “A team is due here for regular discussions […]
Sri Lanka has had wrong policy in transport: Eran
Dec 31, 2015 (LBO) – Sri Lanka has had wrong policy in encouraging private transport and congesting the roads, making it inefficient and polluting the environment, a deputy minister said.“As you can see we have too many vehicles on the roads,” Eran Wickramaratne, deputy minister, State Enterprise Development said.“The biggest frustration when you land at […]
Megapolis plan presented to President, USD 30bn worth investments in pipeline
Dec 31, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena was presented with the new government’s Megapolis Plan formulated to develop the island’s Western Province by Minister Champika Ranawaka on Wednesday.Minister of Megapolis and Western Development, Champika Ranawaka said Sri Lanka will be able to get about 30 billion dollars worth investments within next 10 […]
Sri Lanka stocks close up 0.3-pct
Dec 30, 2015 (LBO) – Sri Lankan stocks closed up at 0.33 percent with some banking and finance sector stocks making gains, brokers said. The Colombo benchmark All Share Price Index closed higher at 22.89 points at 6,870.63 up 0.33 percent. S&P SL20 closed 12.95 points up at 3,605.07 up 0.36 percent. Turnover was at […]
Sri Lanka T-bill yields up
Dec 30, 2015 (LBO) – Sri Lankan Treasury Bill yields were up at Wednesday’s auction with one-year yields up 19 basis points to 7.30 percent, a statement said. Three month bills were up 7 basis points to 6.45 percent at the auction and the six month bill yields rose 14 basis points to 6.83 percent. […]
China to ink FTA with Sri Lanka
Dec 30, 2015 (LBO) – China will have discussions with Sri Lanka next year on a proposed Free Trade Agreement (FTA) in a bid to build stronger trade and investment ties, a foreign news report said. Gao Hucheng, the Chinese Minister of Commerce was quoted on Chinese news agency Xinhua as saying that China […]
Sri Lanka’s Sanasa Development Bank debenture issue oversubscribed
Dec 30, 2015 (LBO) – Sri Lanka’s Sanasa Development Bank said that its listed debenture issue has drawn subscriptions worth over 4 billion rupees and successfully completing both tranches. “We have received applications for over 4 billion rupees and accordingly the total issue has been oversubscribed,” the Bank said in a stock exchange filling. “The […]
Sri Lanka’s Prime Minister appoints committee for constitutional reforms
Dec 29, 2015 (LBO) Sri Lanka’s Prime Minister, Ranil Wickremesinghe has appointed a 24-member committee from political and civil society to obtain views on constitutional reforms from the public. The move has received approval of the Cabinet, , a statement said. The Committee comprises of leading lawyers and civil society persons and include, Faizer […]