Author: lbostgadmin
Sri Lankan shares hit more than 1-wk closing high; PABC boosts turnover
Dec 29, 2016 (Reuters) – Sri Lankan shares touched a more than one-week closing high on Thursday led by financials, with shares of Pan Asia Banking Corporation Plc accounting for 85 percent of the day’s turnover. The Colombo stock index finished 0.28 percent higher at 6,245.71, moving away from its lowest close since April 6 […]
Sri Lankan rupee ends steady amid moral suasion
Dec 29, 2016 (Reuters) – The Sri Lankan rupee closed steady on Thursday as light importer dollar demand was met by exporter selling and moral suasion by the central bank boosted sentiment, dealers said. They said the local currency might weaken in January after the central bank’s comment on Friday that the rupee’s depreciation was […]
PTL Watch: Range-bound trading in Sri Lanka bonds
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Sri Lanka Melstacorp share trading commences from tomorrow
Dec 29, 2016 (LBO) – Sri Lanka’s newly formed Melstacorp, the holding company of Distilleries, said its shares will commence trading on the Colombo Stock Exchange from tomorrow. In a stock exchange filing, the company said these shares will be classified under the ‘Diversified Holdings’ sector. A total of 1,165,397,072 ordinary voting shares are to […]
No disruption to service despite damage to one aircraft: Cinnamon Air
Cinnamon Air advises that one of its aircraft suffered damage to one of its amphibious floats whilst on the water at the Polgolla Reservoir in Kandy, on 22nd December 2016. The aircraft had landed and was taxiing to the dock at the reservoir when it encountered a submerged tree trunk which damaged one float. There […]
Central Bank invites proposals for USD1bn 3-year foreign financing facility
Dec 28, 2016 (LBO) – Sri Lanka’s Central Bank today said the government intends to raise a Foreign Currency Term Financing Facility (FTFF) denominated in USD up to a limit of 1 billion dollars in 2017. The FTFF is expected to be raised at a fixed rate or a floating rate, linked to the USD […]
Sri Lankan shares rise nearly 0.5 pct in high turnover
Dec 28, 2016 (Reuters) – Sri Lankan shares closed about half a percent higher on Wednesday, recovering from a more than eight-month closing low hit in the previous session, led by blue chips such as John Keells Holdings and Hatton National Bank. Turnover was 1.73 billion rupees ($11.59 million), more than twice the daily average […]
‘s USD75mn Social Safety Nets Project
Dec 29, 2016 (LBO) – Sri Lanka has signed a 75 million dollar World Bank credit to support the country’s welfare programs. The project includes an integrated system to better manage the selection, administration, and payments to beneficiaries. It will help improve the equity, efficiency and transparency of the social safety net system, a statement […]
Foreign Minister attends groundbreaking ceremony of Havelock City Project
Minister of Foreign Affairs Hon. Mangala Samaraweera attended the Groundbreaking Ceremony and the Inauguration of the Havelock City Commercial Project as the Chief Guest on 28th December 2016. The Havelock City Commercial Development Project, an initiative undertaken by the same developers of the World Trade Center in Colombo, will comprise of an Office Tower providing […]
Sri Lanka Central Bank most likely to keep rates steady: POLL
Dec 28, 2016 (Reuters) – Sri Lanka’s central bank is most likely to keep its key interest rates steady on Friday, even as some economists expect further tightening to ease pressure on the rupee following the Fed rate hike earlier in the month, a Reuters polls showed. The central bank has already tightened its monetary […]
Sri Lankan rupee falls on dollar demand; c.bank raises spot reference rate
Dec 28, 2016 (Reuters) – Sri Lankan rupee fell on Wednesday on modest dollar demand after the central bank raised the spot reference rate, while the apex bank’s new limit on one-week forwards capped further loss, dealers said. The market, however, awaited further clues from the central bank after it said on Friday that depreciation […]
Sri Lanka’s Abans Finance to raise capital with Rs277mn rights issue
Dec 28, 2016 (LBO) – Sri Lanka’s finance sector player, Abans Finance, is to raise 277.34 million rupees by way of a rights issue, the company said in a stock exchange filing. The company has obtained the Central Bank approval in compliance with Finance Companies (Structural Changes) Direction No. 01 of 2013 by their letter […]