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Sri Lanka’s DFCC Vardhana Bank to issue debt
May 20, 2015 (LBO) – Sri Lanka, DFCC Vardhana Bank PLC, is to issue 50,000,000 subordinated and senior unsecured listed redeemable rated debentures at an issue price of 100 rupees per share, with a minimum of 20,000,000 debenture allotted to each type of debenture, the company said in a filing to Colombo Stock Exchange. The […]
Sri Lanka Treasury bill yields drop
Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with 3-months yield dropped by 0.02 basis points and 6-month yields dropped by 0.03 basis points, data from the state debt office showed.It was decided to accept 11,129 million rupees from the auction of 03 month yield from received 18,628 million rupees worth bills.Treasury bills […]
Sri Lanka’s ex central banker calls for tec savy banks to suit modern customers
May 20, 2015 (LBO) – Sri Lanka’s banking sector needs to invest more in modern technology as the new generation is much more tech savvy, a former Central Banker said. “Most of the banks need to further introduce technology today.They were in the wave of technology that started in the 1990’s but now its 2015 […]
Sri Lanka needs to export, export and export: Ravi K
May 20, 2015 (LBO) – Sri Lanka’s new rulers said that the country needs to focus on exporting more products and services as the government’s strategy is to develop the local export market to be able to compate in the international areana. “Our thrust is to ensure that we have exports, exports and more exports,” […]
JHU ‘Ranaviru’ commemoration
The Jathika Hela Urumaya on Tuesday (19) evening commemorated the ‘Ranaviru Day’ at the Independence Square.
Sri Lanka’s IOC unit records 1.06 billion loss in March 2015
May 19, 2015 (LBO) – Lanka IOC, a unit of Indian Oil Company reported 1.06 billion rupees loss in March 2015 against 722 million rupees profit reported last year, interim accounts showed. In the year to March profits were down to 1.8 billion rupees from 4.8 billion rupees a year earlier. The firm reported negative […]
Sri Lanka stocks close up at 0.15-pct
May 19, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.15 percent with gains seen in some of the banking and conglomerate stocks, brokers said. The Colombo benchmark All Share Price Index closed 11.18 points higher at 7,266.20 up 0.15 percent. The S&P SL20 closed 9.15 points higher at 4,046.83 up 0.24 percent. Turnover […]
Sri Lanka sells Rs3.3bn in 09 year bonds; 07 year bonds rejected
May 19, 2015 (LBO) – Sri Lanka has sold 3.29 billion rupees of nine year bonds after calling bids for two billion rupees of bonds, the state debt office said. The debt office on Tuesday sold the bond maturing on 15 March 2025 at weighted average yield of 9.01 percent. The bond has received 14.67 […]
‘s Debt assigned final ratings: Fitch
May 19, 2015 (LBO) – Fitch Ratings Lanka has assigned DFCC Vardhana Bank PLC’s proposed Basel II-compliant senior debentures a final National Long-Term Rating of ‘AA-(lka)’ and proposed Basel II-compliant subordinated debentures a final National Long-Term Rating of ‘A+(lka)’, the rating agency said in a press release. The Media Release Reproduced Below:- The final ratings […]
‘s Haycarb profit margins squeezed by high charcoal prices
May 19, 2015 (LBO) – Sri Lankan coconut shell-based activated carbon manufacture Haycarb’s March 2015 quarter profit after tax rose 18.33 percent to 279 million rupees from 236 million rupees last year, the interim accounts filed with the stock exchange revealed. “The increase in price of the primary raw material, coconut shell based charcoal impacted […]