Author: lbostgadmin
Sri Lanka stocks close flat, rupee weaker
Mar 14, 2012 (LBO) – Sri Lanka’s stocks closed flat Wednesday, with foreign investors being net buyers and the rupee fell to a new low in forex markets, brokers and dealers said. The benchmark Colombo All Share Index closed down 5. 19 points at 5,418.07 points and the Milanka Index of liquid stocks gained 0. […]
‘s Commercial Bank to sell listed debt
Mar 14, 2012 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said it is planning to raise at least a billion rupees through sale of listed debt, but may sell more debt if the demand is higher. Commercial Bank said in a stock exchange filing that wanted to sell at least 500,000 redeemable debentures of […]
‘s central bank limits excess cash window
Mar 14, 2012 (LBO) – Sri Lanka’s central bank has capped the amount of excess cash that lenders can deposit at its standing facility on days that the monetary authority holds an auction to inject money into the inter-bank markets, bankers said. The banks can earn interest from the central bank by depositing money at […]
Sri Lanka Treasuries yields up
Mar 14, 2012 (LBO) – Sri Lanka’s Treasuries yields increased across maturities at Wednesday’s auction with the 3-month yield rising 31 basis points to 10. 42 percent, the state debt office said. The 6-month yield increased 28 basis points to 10. 46 percent and the 12-month yield accelerated 31 basis points to 10.45 percent. The […]
‘s Mackwoods Energy plans hydro plants of 6.4MW
Mar 13, 2012 (LBO) – Mackwoods Energy Limited, a unit of Sri Lanka’s privately held Mackwoods group is is raising 350 million rupees from a public offer to build hydro power plants and expand existing business, officials said. The firm will sell energy through a flat-tariff power purchase agreement to state-run Ceylon Electricity Board. The […]
Yard Fortunes
Mar 13, 2012 (LBO) – Sri Lanka’s Colombo Dockyard anticipates lower ship building and repair orders given the shipping industry downturn but is investing in equipment to improve efficiency and eyeing offshore oil industry work. “Geographically, Colombo Dockyard couldn’t be positioned in a better place than in Sri Lanka. It truly is an imperative in […]
Sri Lanka rupee falls to new low
Mar 13, 2012 (LBO) – Sri Lanka’s rupee was quoted at a new historic low of 123.45/60 against the spot US dollar in late trading Tuesday dealers said. The rupee opened around 121.80 to the US dollars. Analysts had warned that continued liquidity injections in to money markets to sterilize off-market forex interventions will result […]
Sri Lanka main airport moves 6.34mn pax in 2011: official
Mar 12, 2012 (LBO) – Passenger movements through Sri Lanka’s main international airport rose to 6.4 million above its design capacity of 6 million passengers, and the state-run agency was scrambling to add capacity, an official said. The airport was building a one million passenger domestic terminal to be completed by the end of the […]
Lady Chat
Mar 12, 2012 (LBO) – Mobitel, a unit of fixed access operator Sri Lanka Telecom said it has launched a package targeting female subscribers with life insurance included in the monthly rental. Mobitel said it launched the ‘Liyasara’ branded package on International Women’s Day with the first subscriber module being given to First Lady Shiranthi […]
Rail Finance
Mar 12, 2012 (LBO) – China has given a 278. 2 million US dollar loan to finance the first part of a new railway track running from the Southern town of Matara to Kataragama, the finance ministry said. A statement on the finance ministry website said the loan has been approved by the Exim Bank […]
Sri Lanka stocks close 0.6-pct lower
Mar 12, 2012 (LBO) – Sri Lanka’s stocks closed 0. 58 percent lower Monday with illiquid stocks falling in thin trade, though foreign investors were net buyers and some large caps stocks gained, dealers said. The benchmark Colombo All Share Index closed down 31. 8 points at 5,424.4 points and the Milanka Index of liquid […]
Sri Lanka to sell US$45mn in bonds
March 12, 2012 (LBO) – Sri Lanka is offering 45 million US dollars worth three and four year government bonds for sale to foreign investors and permitted domestic investors, ahead of a maturity of the same volume. The state debt office, which is a unit of the Central Bank said it is offering 35 million […]