Sri Lanka’s weekly treasury bill auction held today saw both the 6 month and the one year rates remaining unmoved from the last week’s rate, while the three month rate just declined by a basis point.
Accordingly, the six month rate remained same as the last week’s rate of 10.08% and the one year yield at [...]
February 27, 2013 3:07 PM | Posted in
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Sri Lanka has raised the prices of both Petrol and Diesel with immediate effect.
Accordingly, both the 90 & 95 octane petrol has been jacked up Rs. 3 per liter, each.
With this increase, a liter of 90 Octane petrol will be sold at Rs. 162, while a liter of 95 Octane petrol will be priced at [...]
February 27, 2013 3:07 PM | Posted in
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By: Prasanna C. Rodrigo
Sri Lanka says around 25 oil and gas companies have so far subscribed to take part in the upcoming ‘Road Shows’ which will be held in, Houston, London and Singapore, to launch the Island’s second Petroleum Exploration Licensing round.
The ‘Road Shows’ are planned to be kicked off on the 7th of March [...]
February 27, 2013 3:07 PM | Posted in
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Sri Lanka has decided to prohibit foreigners from purchasing absolute ownership of state and private lands in the country.
However, such lands could be leased on a long term basis to assist foreign investments coming into the country.
Government Information Department says, such prohibition shall not be applicable for purchasing of lands for foreign Embassies and High [...]
February 27, 2013 3:07 PM | Posted in
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India’s NTPC Ltd has decided to pull out from its proposed coal power project, which was expected to be built in the Eastern province of Sri Lanka, as it is not in agreement to go ahead with a fresh set of proposals forwarded by its Joint Venture partner, the Ceylon Electricity Board, a media report [...]
February 27, 2013 3:07 PM | Posted in
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Sri Lanka’s Treasury bill rates at the weekly auction held today remained unmoved from last weeks rate, as the Central Bank accepted Rs. 14.98 billion to settle Rs. 21 billion worth of maturing treasury bills.
Accordingly, the three month tenor bill rates remained at 9.10%, the six month rates remained at 10.08% and the one year [...]
February 27, 2013 3:07 PM | Posted in
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Sri Lanka has raised US$ 152 billion by issuing three year tenor ‘Sri Lanka Development Bonds’, at the market determined rate of US$ 6 month LIBOR + 400 basis points.
The offer, which was opened on the 8th of February, initially only aimed at raising US$ 60 million.
However, the issue has been oversubscribed by 2.5 times, [...]
February 27, 2013 3:07 PM | Posted in
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A 170 member strong delegation of Colombo based Shippers, which comprised exporters, importers, freight forwarders, logistic providers, courier and shipping line executives, recently have visited the Hambantota port and the airport.
A statement issued by the Shippers Council says the participants were amazed to see the development that has taken place in both the Hambantota International [...]
February 27, 2013 3:07 PM | Posted in
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World Trade Organization has expressed its willingness to give more trade capacity and technical assistance to Sri Lanka, announced the country’s Ministry of Industry and Commerce.
In a statement issued the Ministry says, this fact has been conveyed by the WTO’s Director General Pascal Lamy to Nimal Karunatilake, the Island’s newly appointed ambassador to the global [...]
February 27, 2013 3:07 PM | Posted in
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Sri Lanka will receive a US$ 36 million loan from the Kuwait Fund for Arabic Economic Development to construct and rehabilitate 25 bridges of the national road network.
The money will go into construct or rehabilitate 09 bridges in the Western province, 03 bridges in the Southern province, 05 bridges in the North Western province, 04 [...]
February 27, 2013 3:07 PM | Posted in
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