All Blogs
Sri Lanka missing the bus again?
June 25, 2012 (LBO) – If Sri Lanka is to achieve transformative, inclusive growth, it needs to have 7 percent plus growth for several consecutive years. It is well recognized by knowledgeable people, including key decision makers within government, that this would require around one billion dollars in new investment every year. This quantum cannot […]
Sri Lanka sells US229mn in 3-year bonds
June 25, 2012 (LBO) – Sri Lanka has sold 229.02 million US dollars in 3-year floating rate bonds which will pay an average of 410 basis points above the London Interbank Offered Rate every six months, the state debt office said. Bids were originally called for the sale of only 150 million US dollars of […]
Sri Lanka forex markets paralyzed
June 25, 2012 (LBO) – Sri Lanka’s interbank forex markets were paralyzed Monday with no active trading by late morning following heavy moral suasion by monetary authorities over deals made in the previous week, dealers said. The rupee was tentatively quoted around 133.15/40 but there were no firm bids, dealers said after regulators questioned some […]
Sri Lanka stocks fall 0.96-pct
June 25, 2012 (LBO) – Sri Lankan share prices closed down Monday, despite large trades in Madulsima, Balangoda Plantations lifting turnover levels to over a billion rupees, brokers said. The key All Share Price Index fell 48. 72 points or 0.96 percent to close at 4,990.43, while the liquid Milanka Price Index dipped 26.00 points […]
Public Petition
June 25, 2012 (LBO) – A former financial sector professional has written Sri Lanka’s main political parties to help citizens petition parliament over risks facing the island’s banking sector following report by Standard and Poor’s, a rating agency. S & P said Sri Lanka’s banks faced high economic risks and regulatory conflicts, particularly after a […]
Trading Platform
June 25, 2012 (LBO) – Borsa Italiana’s cash markets have migrated to London Stock Exchange group’s Millennium IT trading software which will offer new functions and flexbility. “The migration of Borsa Italiana’s cash markets to the Millennium Exchange represents an important step for Borsa Italiana and its customers,” Raffaele Jerusalmi, chief execytie of Borsa Italiana […]
Sri Lanka state budget carrier shows fat margins
June 25, 2012 (LBO) – Sri Lanka’s state-run budget carrier Mihin Lanka, has made profits of 2. 0 billion rupees before tax, on revenues of 4,576 million rupees in the nine months to December 2011 according to a finance ministry report. Mihin Lanka’s long term liabilities fell to 414 million rupees by December from 2,802 […]
Seven vie to own a Sri Lanka Cricket premier league franchise
June 25, 2012 (LBO) – Sri Lanka Cricket has received seven bids, each worth around 4.3 million dollars, to manage a franchise for the country’s first Twenty20 premier league tournament, officials said. The governing body said 17 parties picked up bidding documents, but only seven bids were submitted when the deadline closed on Monday. I […]
Sri Lanka missing the bus again?
June 25, 2012 (LBO) – If Sri Lanka is to achieve transformative, inclusive growth, it needs to have 7 percent plus growth for several consecutive years. It is well recognized by knowledgeable people, including key decision makers within government, that this would require around one billion dollars in new investment every year. This quantum cannot […]
Sri Lanka energy sector eyed by US firms: envoy
June 25, 2012 (LBO) – Sri Lanka’s energy sector is a key area of interest for US companies scouting for investment opportunities after the end of a three decades war, US ambassador to Colombo Patricia Butenis said. “We’ve seen a lot of interest from American energy companies interested in help building oil refineries and developing […]