All Blogs
Sri Lanka power IPO gives small investors preference
Sept 24, 2009 (LBO) – Small investors who applied for up to 500 shares in an initial public offering by Sri Lanka’s Hemas Power will be given their full allotments, according to a stock exchange filing.NDB Investment Bank, which handled the issue, said they had got 2,582 applications up to and inclusive of 500 shares […]
England face Sri Lanka spin in opening match
JOHANNESBURG, September 24, 2009 (AFP) – Andrew Strauss’s England face a stiff spin test when they take on a confident Sri Lanka in their opening match of the Champions Trophy here on Friday. Sri Lanka have two excellent spinners in Muttiah Muralitharan and Ajantha Mendis, capable of making life difficult for batsmen with their subtle […]
Sri Lanka to spend more than 0.5-pct of GDP on north rebuilding in 2010
Sept 24, 2009 (LBO) – Sri Lanka is expected to spend around 0.75 percent on reconstructing war-torn areas in the north and east in 2010, and it would be outside the program target agreed with the International Monetary Fund, an official said. A 20-month program agreed with the IMF in July 2008, set a target […]
Sri Lanka 3-month bill yield in single digits
Sept 23, 2009 (LBO) – Sri Lanka’s 3-month Treasury bill yields fell 34 basis points to 9.70 percent at Wednesday’s auction, the government’s debt office said. The debt office, which is a unit of the Central Bank said out of 9,500 million rupees maturing bills 9,500 million rupees’ worth had been sold to the market. […]
Sri Lankan stocks becalmed
Sep 23, 2009 (LBO) – Sri Lankan shares closed flat Wednesday as investors took profits while foreigners continued to be net buyers, brokers said.National Development Bank closed at 190.75 rupees, down 2.75, while Seylan Bank closed flat at 34.00 rupees. Retailer favorite Touchwood closed at 91.75 rupees, down 75 cents, while Lanka Cement closed flat […]
Port Industries
Sept 23, 2009 (LBO) – The Sri Lanka Ports Authority (SLPA) says foreign investors are vying to put up fertiliser and cement plants and ship yards in a new port in Hambantota on the south coast. Wickrama declined to identify the investors as talks were going on. A request for proposals (RFP) inviting investments in […]
Rebuilding Work
Sept 23, 2009 (LBO) – The Red Cross movement had spent 220 million US dollars to build 30,000 houses, upgrade healthcare centres, re-build water supply and drainage facilities in villages devastated by a tsunami in 2004, officials said.“The tsunami operation has been an unparalleled challenge for the Red Cross movement in Sri Lanka,” Paul Fmes, […]
Watchdog Action
Sept 23, 2009 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) has filed charges against two senior executives of Singalanka Standard Chemicals for falsifying accounts and forging auditors’ signatures.They had committed an offence under section 51(1) (b) of the Securities and Exchange Commission Act, the statement said.Singalanka Standard Chemicals said in a […]
Regional Links
Sept 23, 2009 (LBO) – A South Asian broadband communication conference and expo to be held in Sri Lanka in October with speakers from the global industry will focus on investing, and cost and revenue models in the fast growing region.It will also cover how Next Generation Technology fits into the region, home to large […]
Chevron makes major new gas find in Bangladesh: govt
DHAKA, September 23, 2009 (AFP) – US energy group Chevron has made the biggest gas discovery in at least a decade in energy-starved Bangladesh, almost doubling the size of a field it is drilling there, a government official said Wednesday.The US firm has told authorities its Bibiyana gas field in Sylhet, northeastern Bangladesh, contains 6.6 […]