Author: lbostgadmin
‘s Leasing plans billion rupee CP sale
Nov 01, 2012 (LBO) – Sri Lanka’s People’s Leasing Company, the country’s largest leasing firm is planning a billion rupees commercial paper sale, which has been given a short term ‘F1+(lka) rating, Fitch Ratings said. People’s Leasing has a long term rating of ‘AA-(lka)’ from Fitch. The leasing firm is a unit of state-run People’s […]
”’ bond
Nov 01, 2012 (LBO) – Sri Lanka’s Dialog Axiata, a unit of Malaysia Axiata, said it was planning to sell a Malaysian Ringgit denominated ‘Sukuk’ Islamic financial instrument to raise about 51 billion rupees (366 million US dollars). The proposed ‘Sukuk Murabahah’ programme for 1.2 billion Malaysian ringgit will have a tenor of 15-years. The […]
Sri Lanka economy to grow 7.0-pct in 2013 but risks emerge: RAM Ratings
Oct 31, 2012 (LBO) – Sri Lanka’s economic growth is likely to recover to 7. 0 percent in 2013 after slowing to 6.5 percent in 2012, helped by Chinese loans and domestic consumption, while new risks are emerging, RAM Ratings, a rating agency has said. A key regressive policy is the expropriation of citizens and […]
‘s inflation eases to 8.9-pct in Oct
Oct 31, 2012 (LBO) – Consumer price inflation in Sri Lanka’s capital Colombo slowed to 8.9 percent in the 12 months to October from 9.1 percent a month earlier, data from the state debt office showed, as credit tightened after a balance of payments crisis. The statistics office said the Colombo Consumer Price Index, from […]
Mixed Gains
Oct 31, 2012 (LBO) – Net profits of Sri Lanka’s Union Bank of Colombo rose 7.46 percent to 79.7 million rupees in the September 2012 quarter from a year earlier, with interest margins narrowing, interim accounts showed. The bank made 20 cents of earnings per share in the quarter based on 349 million shares in […]
Distress Call
Oct 31, 2012 (LBO) – Rescuers are still looking for four missing crewmen from a Vietnamese cargo vessel that sank in heavy seas 150 nautical miles off Sri Lanka’s eastern coast, an official said. Sri Lanka’s navy had tried to send a ship to the distressed vessel yesterday but could not reach the area due […]
Sri Lanka stocks close down 0.13 pct
October 31, 2012 (LBO) – Sri Lanka stocks closed down 0.13 percent Wednesday with S & P SL 20 index of large cap stocks closing higher at 4.18 points. The Colombo All Share Index closed at 5,513.64 down 6.98 points and the S & P SL 20 Index closed 4.18 points higher at 2988.05 up […]
Sri Lanka Treasuries yields up
Oct 31, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities at Wednesday’s auction with the 12-month yield rising as much as 08 basis points to 12. 56 percent, data from the state debt office showed. The debt office which is a unit of the Central Bank has in the past printed money and […]
Sri Lanka private credit slows; state borrowings surge in Aug
Oct 30, 2012 (LBO) – Sri Lanka’s loans from commercial banks fell to 14.5 billion rupees in August 2012 from 35.7 billion rupees a month year as state borrowings from the banking system surged to 35.0 billion rupees, official data shows. In July there was a net repayment of state enterprise and central government bank […]
Lube Sentiment
Oct 30, 2012 (LBO) – Sri Lanka’s Chevron Lubriants unit said profits fell 13 percent to 521 million rupees in the September 2012 quarter from a year earlier poor market sentiment and a price hike due to currency depreciation hurting consumption. Revenues grew by a marginal 2.9 percent to 3.0 billion rupees from a year […]
Tiger Airways ups Sri Lanka flights to four
Oct 30, 2012 (LBO) – Singapore-based Tiger Airways, a low cost has increased flights to Colombo to four starting from the last week of October, after launching with three weekly frequencies in June 2012. From October 28, the airline also increased frequencies to Hong Kong (up to 26), Taipei (up to 09), Bangkok (39), Guangzhou, […]
Sri Lanka hosts pepper talks
Oct 30, 2012 (LBO) – Sri Lanka will host the annual meeting of an inter-governmental organization of pepper producing countries this week, where production and export issues will be discussed, including a new set of manufacturing guidelines. Once approved, they will be applicable to all the member countries who have faced complaints from buyers about […]