All Blogs
Sri Lanka stocks closed up 0.18 pct
September 25, 2012 – (LBO) Sri Lanka stocks closed up 0.18 percent Tuesday with market interest in NDB Capital and several other blue chip companies. The Colombo All Share Index closed at 5,926.29 up 10.39 points and the S & P SL 20 Index closed 6.19 points higher at 3,201.10 up 0.19 percent. Turnover was […]
Finance Debt
Sept 25, 2012 (LBO) – RAM Ratings has confirmed a ‘BBB-‘ long term and ‘P3’ short term rating of Sri Lanka’s Softlogic Finance PLC, with a stable outlook. Where SLF’s funding mix was previously dominated by borrowings, deposits now form the bulk, following a 195.42% y-o-y surge in deposits in FY Mar 2012. Its loan-todeposit […]
Sri Lanka state-carrier bailed out with Rs15.4bn bond
Sept 25, 2012 (LBO) – State-run SriLankan Airlines has been bailed out with a 15. 4 billion rupee Treasury bond allowing the firm fill a gap in the balance sheet created by a record 17. 1 billion rupee loss in 2011. Sri Lankan Airlines at group level lost 17. 17 billion rupees in the year […]
”’ by Fitch
Sept 24, 2012 (LBO) – Sri Lanka’s Ceylon Income Fund, which invests mainly in corporate debt has been rated ‘A-(lka)’ by Fitch in the first rating of a fund in Sri Lanka, the agency said. “Fitch has rated the fund on the basis of its understanding that the majority of investors in the fund are […]
Sri Lanka bond yields slightly up, rupee stronger
Sept 24, 2015 (LBO) – Sri Lanka’s government bond yields picked up on longer tenors Monday after active trading on Friday saw some of the biggest one day falls in recent history, while the rupee opened stronger against the dollar dealers said. A 2-year bond maturing on 01.04.2014 was quoted at 13.17/25 percent, about Friday’s […]
Ad Awards
Sept 24, 2012 (LBO) – Organizers of Sri Lanka’s ‘Effie Awards’ is seeking advertisements and other marketing communications works in mainstream or alternative media, paid or unpaid, for this year’s contest. Ben Lightfoot, chairman of the Singapore Effies Chapter for 2012 and chief exectvie of the McCann Group will be a resource available to participants. […]
Legal Moves
Sept 24, 2012 (LBO) – A group of Sri Lankan lawyers have expressed concerns over attempts to intimidate the judiciary after the island’s judiciary ruled against a draft bill relating to powers devolved to regional bodies. Lawyers for Democracy (LfD) alleged that the current administration had transported people to a location near Sri Lanka’s parliament […]
Sri Lanka bank credit volumes fall to 18-month low in July
Sept 24, 2012 (LBO) – Loans from Sri Lanka’s commercial banks to state and private borrowers fell to 10.1 billion rupees in July 2012, down from 13.5 billion rupees a month earlier, the lowest since January 2011, partly helped by a sovereign bond sale. Loans to private borrowers rose 35. 7 billion rupees to 2,270.6 […]
Sri Lanka tyre recycling plant to make wood-like products
Sept 23, 2012 (LBO) – A Dena Nano Technology Lanka Pvt Ltd, company with British and Indian investment plans to recycle old automobile tyres into wood replacement material for the construction industry, a media report said. Dena Technology of UK has patented technology to make wood-like products for the construction industry from old tyres which […]
Sri Lanka bond yields plunge
Sept 22, 2012 (LBO) – Sri Lanka’s bond yields plunged across maturities Friday in one of the biggest intra-day day falls seeen in recent years, before profit taking pushed yields back up somewhat, dealers said. An 18-month bond maturing on 01.04.2014 opened at 3.45/50 percent and dropped as low as 12.90/13.00 percent before closing at […]