Tag: lbo
Sri Lanka to set up a special court to ensure speedy justice for brutal murder of Jaffna school girl
May 27, 2015 (LBO) – Sri Lanka’s President Sirisena had said, a special court will be set up to ensure speedy and proper justice in the case of brutal rape-murder of the school girl in Jaffna.“We cannot let such incidents to be happened ever in the future in the country,” Sirisena said.He yesterday visited Jaffna […]
Sri Lanka’s CDS signs MoU with NSDL India to share knowledge on depository services
May 26, 2015 (LBO) – Sri Lanka’s Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the National Securities Depository (Pvt) Ltd of India (NSDL), for the purpose of knowledge sharing in the area of depository services, the company said in […]
‘s Sunshine Holdings eyes renewable energy projects
May 26, 2015 (LBO) – Sri Lanka’s Sunshine Holdings said it is considering diversify and expand the renewable energy sector, if the government is willing to disclose plans for the sector, Group Managing Director said, Tuesday. “We are looking at opportunities in solar and wind power,” Vish Govindasamy, Group Managing Director of Sunshine Holdings Plc […]
Sri Lanka’s business chamber calls for early election, says overseas business community is concerned
Mar 26,2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said, that the government should calls for early parliamentary election without a delay , so that policies can be formulated and implemented to kick-start the economy and exploit its true potential. “We once again reiterate the need for conducting parliamentary elections without delay,” the chamber […]
Sri Lanka to have “open sky” policy to boost tourist arrivals : Ravi K
May 25, 2015 (LBO) – Sri Lanka’s new rulers say that the Indian Ocean Island will open skies as a way forward policy to improve tourist arrivals.“We’re going to have an open skies policy that will help tourism and also help grow the business to other countries,” Ravi Karunanayake, Minister of Finance said, at a […]
‘s accusations ; Ready for TV debate
May 24, 2015 (LBO) – Sri Lanka’s former Central Bank Governor Ajith Nivard Cabraal said that the recent accusations aganist him were made to shift the country’s attention away from the current Treasury bond scam which took place under “Yahapalanaya” rule and challenged a television debate. “My attention is drawn to several recent accusations and […]
63rd LBR LBO CEO Forum – “Reimagining Debt Capital Market to Unlock Opportunities & Sustain Growth” – 4th June 2015
Topic: Re-imagining Debt Capital Market to Unlock Opportunities & Sustain Growth in Sri Lanka Date/Time: Thursday 4th June 2015 | 1800 – 2100 Hrs Keynote Speakers: Ajith Fernando | Managing Director, CEO | Capital Alliance Kartik N | Director Debt Capital Markets, Asia Pacific | HSBC Moderator: Maninda Wickramasinghe | Country Head Managing Director / CEO […]
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May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s outlook to negative from stable due to continued deterioration in bank’s capitalisation amid aggressive loan growth.The full statement reproduced below Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s (PABC) Outlook to Negative […]
Shangri-La launches 500mn US dollar luxury apartments and office complex project in Colombo
May 22, 2015 (LBO) – Hong Kong based Shangri La Hotels and Resorts, a property developer and hotel group launches 500 million US dollars of exclusive residences, office and retail project in Galle Face, Colombo targeting at foreign investors, expatriates and an expanding class of influential Sri Lankans. The residences component will have 406 apartments […]
Sri Lanka should move from debt finance led growth to export and FDI directed growth: Saman Kelegama
May 22, 2015 (LBO) – Sri Lanka’s economy should move towards export and foreign direct investment led growth, to maintain a sustainable growth, a senior economist said. “Sri Lanka needs to shift from debt finance investment and consumption led growth to a more export and foreign direct investment led growth,” Saman Kelegama, Executive Director, Institute […]
Sri Lanka’s private sector credit to grow further: Monetary Policy Review – May 2015
May 22, 2015 (LBO) – Sri Lanka’s Central Bank said, that private sector credit would expand in the period ahead given the low interest rate regime. Accordingly, credit obtained by the private sector from commercial banks increased by 13.9 per cent in March 2015 on a year-on-year basis, the regulator said in its monetary policy […]
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May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has assigned National Development Bank PLC’s proposed subordinated debentures of up to 10 billion rupees, an expected National Long-Term Rating of ‘A+(lka)(EXP)’. The rating agency also has withdrawn the expected rating of ‘AA-(lka)(EXP)’ assigned to NDB’s proposed senior debentures. Media release reproduced below: – The […]