All Blogs
Sri Lanka 15-year bond yield falls at auction
July 30, 2013 (LBO) – Sri Lanka’s 15-year bond yield fall at auction by 11 basis points to 12.10 percent from the last auction while the a 30-year bond was unchanged at 12.50 percent, data from the state debt office showed. A large volume of 79 billion rupees in bonds matures on August 01. Sri […]
Sri Lanka stocks close flat
July 30, 2013 (LBO) – Sri Lanka’s stocks closed flat Tuesday for a second consecutive day with activity seen in the large cap stocks and some banking stocks, brokers said. Distilleries Company closed flat at 190.50 rupees while Aitken Spence closed at 124.50 up 50 cents. Sri Lanka Telecom closed flat at 39.30 rupees. . […]
Rate Effect
July 30, 2013 (LBO) – Profits at Sri Lanka’s Seylan Bank fell 13 percent to 484 million rupees in the March 2013 quarter amid rising interest costs, interim accounts showed. The gross non-performing loan ratio (net of interest in suspense) fell to 11.15 percent from 12.99 percent at bank level during the period. The interest […]
’s boatpeople face return to island or transfer to PNG: Australia
July 30, 2013 (LBO) – Sri Lanka’s boatpeople face return to island or transfer to Papua New Guinea, an island off the Australian coast as 68 Lankans are shortly to be put through an enhanced screening processes, the country said. Almost 1300 Sri Lankans have been sent home since August 2012, 1100 of them involuntarily. […]
Sri Lanka studying fresh locations for super-critical coal plant
July 30, 2013 (LBO) – Sri Lanka is studying locations to site a high tech coal plant for which funding is expected from Japan, after concerns over the initial location, a top official said. The 500 MegaWatt coal plant was to be built at Athuruwella in the South West coast of the island. Power ministry […]
Cricket: Sri Lanka, South Africa want to light up dead rubber
COLOMBO, July 30, 2013 (AFP) – Sri Lanka and South Africa will not let the intensity slip in Wednesday’s fifth and final one-day international in Colombo even though the hosts have already wrapped up the series.“We might make one or two changes, but we certainly don’t want 11 freshers coming in.In our line-up, we have […]
Sri Lanka tax revenues picking up: Treasury Secretary
July 30, 2013 (LBO) – Sri Lanka’s tax revenues are picking up helped by stronger customs collections, Treasury Secretary P B Jayasundera said.Sri Lanka’s state revenues were 51 billion rupees below target in the first four months Jayasundera said revenues were better in June and July with a pick in vehicle imports also contributing. Sri […]
Sri Lanka hopes to move to budget deficit of 4.0-pct of GDP
July 29, 2013 (LBO) – Sri Lanka is hoping to cut the budget deficit to 4.0 percent of gross domestic product and generate a 2.0 percent revenue surplus, Treasury Secretary P B Jayasundera said.Sri Lanka ran a 6.4 percent of gross domestic product overall deficit in the budget in 2012 and a 1.4 percent revenue […]
‘s Nanda Investment on positive rating watch: RAM
July 29, 2013 (LBO) – Nanda Finance Investment Plc, a small finance company that was recently acquired by Bangladesh-based BRAC micro finance group and Sri Lanka’s LOLC group has been placed on positive rating watch on a possible upgrade by RAM Ratings.RAM said the firm was small, lacked of a clear strategic direction. “However, given […]
Sri Lanka stocks close flat
July 29, 2013 (LBO) – Sri Lanka’s stocks closed flat Monday with activity seen in the large cap stocks and some banking stocks, brokers said. Distilleries Company closed at 190.50 rupees up 30 cents while Aitken Spence closed at 124.00 down 90 cents. John Kells Holdings closed at 267.50 rupees down 0.50 rupees. The benchmark […]