Tag: lbo
‘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 […]
Sri Lanka’s President leaves for Pakistan: Trade discussions on the table
Apr 06, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena left for Pakistan yesterday on a a three-day state visit on the invitation of Prime Minister Muhammad Nawaz Sharif, the presidents office said in a media release. The President plans to hold bilateral discussions with the President of Pakistan Mamnoon Hussain, Prime Minister Nawaz Sharif […]
61st LBR LBO Form – “Life After ODEL: A Fireside Chat with Otara Gunewardena” – 23rd March 2015
Topic: Life After ODEL: A Fireside Chat with Otara Gunewardene Date/Time: Monday 23rd March 2015 | 1800 – 2100 Hrs Speaker: Otara Gunewardene Moderator: Sanjeewani Ranasinghe de Silva | Head of Corporate Affairs Brand and Marketing | Standard Chartered Bank Venue: OAK Room, Cinnamon Grand, Colombo [tabs] [tab title=”Description”] Otara Gunewardene is well known for […]
’s President
Mar 10, 2015 (LBO) –Sri Lanka’s President Maithripala Sirisena held bilateral discussions with Britain’s Secretary of State for Defence, Michael Fallon,March 9, 2015 in London. President Sirisena is on an official visit to the UK.
’s govt. will not allocate money for development projects with no agreements: Finance Ministry
Mar 10, 2015 (LBO) – Sri Lanka’s Finance Ministry will not allocate funds for the development projects which don’t have legitimate agreements, Minister Ravi Karunanayake said earler today in Colombo. “We have not reduced a single cent from the allocation of the development projects which are legitimate,Karunanayake told journalists.We won’t pay the money,if there is […]
Modi plans to script a golden chapter in Indo – Lanka relationship
Mar 09, 2015 (LBO) – Indian Prime Minister Narendra Modi who is set to visit Sri Lanka on March 13 and 14 and said he planned to take Indo-Lanka relations to a new level during his visit.œIndia is committed in its support for Sri Lanka’s development and am sure together we are going to script […]