Tag: lbo
Sri Lanka appoints committee to look into Chinese port city continuation
May 31, 2015 (LBO) – Sri Lanka’s government plans to appoint a committee to consider the ability of permitting the continuation of the controversial Chinese funded project, after correcting the lapses and procedures, Cabinet Spokesman Rajitha Senarathne said.The proposal was made by Prime Minister Ranil Wickramasinghe in his capacity as the Minister of policy planning […]
Sri Lanka’s bond auction sends positive signals to the world: CB Governor
May 29, 2015 (LBO) – Sri Lanka’s Central Bank Governor, Arjuna Mahendran says the local bond auction carried on a transparency manner and it sends positive signals to the business community around the world to invest in the Indian Ocean Island. “We wanted to develop our local bond market. We wanted to see the Sri […]
‘s foreign reserves moving towards USD 9 bn: Ravi Karunanayake
May 29, 2015 (LBO) – Sri Lanka’s government plans to increase the Island’s foreign reserves to 9 billion US dollars, Finance Minister Ravi Karunanayake said. Sri Lanka’s foreign reserves would be close to 8.3 billion US dollars after proceeds from a 988 million dollar sovereign bond and development bond injection to the economy. “That is […]
Sri Lanka to host international marine life conference in 2016
May 29, 2015 (LBO) – Sri Lanka will host the second International conference on marine mammals in the Indian ocean to help promote and encourage conservation of the species around the island, an official said. “Our job is to ensure that this rich bio-diversity and habitat of these animals are protected,” Prof Lakdas Fernando, President, […]
Sri Lanka sign USD107mn deal for road development with ADB
May 29, 2015 (LBO) – Sri Lanka’s government signed a US 107 million dollar road development loan agreement with the Asian Development Bank (ADB), the bank said in a statement.“The US 107 million dollar second tranche loan agreement is part of a US 800 million dollar multi-tranche financing facility to upgrade roads,” the statement said. […]
”’: Fitch
May 29, 2015 (LBO) – Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. The full statement follows Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. KEY RATING DRIVERS The expected rating is in line with Sri Lanka’s Long-Term Foreign […]
Sri Lanka stocks close higher 0.03-pct
May 28, 2015 (LBO) – Sri Lanka’s stocks closed higher 0.03 percent with foreigners continuing to be net sellers for a third consecutive day, brokers said. The Colombo benchmark All Share Price Index closed 2.21 points higher at 7,255.71 up 0.03 percent. The S&P SL20 closed 4.18 points higher at 4,035.04 up 0.10 percent. Turnover […]
Sri Lanka to form a committee to discuss and finalize 20th amendment
May 28, 2015 (LBO) – Sri Lanka’s cabinet spokesman said that, a committee will be formed including the President, Prime Minister, interested parties in the cabinet and minority party leaders to discuss and make a final decision regarding the 20th amendment to the constitution.Cabinet Spokesman Rajitha Senaratne said that President Sirisena submitted a cabinet paper […]
Sri Lanka to develop BIA infrastructure facilities with Rs49bn of Japan funding
May 28, 2015 (LBO) – Sri Lanka plan to the develop essential infrastructure facilities of Bandaranaike International Airport with Japan funding of 48,969 million rupees, cabinet spokesperson said.It is expected to double the annual passenger handling capacities of the airport from the current volume of 7.4 million to 15 million by the year 2020.In this […]
Sri Lanka needs a stronger female work force: Economist
May 28, 2015 (LBO) – Sri Lanka needs to look at ways to address, the lower female participation in the labour force and the under employment of the educated women, to get maximum contribution to the national economy, a senior economist said. “Sri Lanka needs to create more suitable employment opportunities for women,” Saman Kelegama, […]
Maldivian hotel operator to build a water villa in North West Coast, Sri Lanka
May 27, 2015 (LBO) – A Maldivian Hotel operator, Sun Siyam said that it plans to develop an overwater villa resort in Kalpitiya, Sri Lanka as the hotel plans to expand across the Island.This project comes at the perfect time for overseas expansion of Maldivian brands, Ahmed Siyam Mohamed, Chairman and Managing Director of Sun […]
Sri Lanka Treasury bill yields dropped: Central Bank
May 27, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with 3-months yield dropping 01 basis points to 6.07 percent and 6-month yields also dropping 01 basis points, to 6.18 percent, data from the state debt office showed.It was decided to accept 10,102 million rupees from the auction of 03 […]