Author: lbostgadmin
Sri Lanka’s Sanasa Development Bank debenture issue oversubscribed
Dec 30, 2015 (LBO) – Sri Lanka’s Sanasa Development Bank said that its listed debenture issue has drawn subscriptions worth over 4 billion rupees and successfully completing both tranches. “We have received applications for over 4 billion rupees and accordingly the total issue has been oversubscribed,” the Bank said in a stock exchange filling. “The […]
Rs50 bln in bonds likely privately placed by Sri Lanka Central Bank
Dec 29, 2015 (LBO) – Sri Lanka’s Central Bank may have privately placed 50 billion rupees in bonds with state funds this month making an exception to its policy to rely solely on primary auctions, sources said. The central bank issued 744 billion rupees in treasury bonds through auctions this year compared with just 31.7 […]
PTL Watch: Bit of buying, monetary policy awaited
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Sri Lanka’s Prime Minister appoints committee for constitutional reforms
Dec 29, 2015 (LBO) Sri Lanka’s Prime Minister, Ranil Wickremesinghe has appointed a 24-member committee from political and civil society to obtain views on constitutional reforms from the public. The move has received approval of the Cabinet, , a statement said. The Committee comprises of leading lawyers and civil society persons and include, Faizer […]
Dollar gains limited in 2016, fund managers look elsewhere
Dec 29, 2015 (LBO) – US Dollar gains are expected to be limited next year compared with the strengthening seen over the last two years after a well-expected tightening of interest rates by the US Fed this month. The dollar rallied 10 percent to 1.09 per euro this year from 1.2 per euro at the […]
Sri Lanka foreign reserves rise to USD7.3 bln in Nov
Dec 29, 2015 (LBO) – Sri Lanka’s official foreign reserves increased to 7,295 million dollars at the end of November this year, up from 6,480 million dollars at the end of October after a sovereign bond issue, according to figures released by the Central Bank. This included 6,463 million dollars in foreign reserves and 756 […]
Sri Lanka stocks close down 0.4-pct: Volume at 21 month low
Dec 28, 2015 (LBO) – Sri Lankan stocks closed down at 0.44 percent following a Christmas long week-end holiday with index heavy and banking sector stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower at 30.13 points at 6,828.51 down 0.44 percent. S&P SL20 closed 11.03 points down at 3,592.87 […]
Polythene bag restriction in effect from next month
Dec 28, 2015 (LBO) – The ban restricting indiscriminate use of polythene bags at groceries and retail outlets in Sri Lanka will come into effect from January 1, 2016, according to the Department of Government Information. “The legislation was brought in to combat the generous use of shopping bags and food wrappers in shopping malls […]
Right to Information Bill to be presented in January
Dec 28, 2015 (LBO) – The Right to Information Bill will be presented to Parliament in January, Mass Media and Parliament Reforms Ministry Secretary Wajira Narampanawa said.This follows the government promise to strengthen the right to information during the 100-day programme, Narampanawa said according to the Department of Government Information.He said the Right to Information […]
PTL Watch: Excess liquidity absorbed through OMO
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‘l tech IPOs possible in 2016
Dec 28, 2015 (LBO) – Four technology startups with billion-dollar-plus valuations are getting ready for initial public offerings in early 2016, following one of the slowest technology IPO years on record, a report said. This could mean a better outlook for technology IPOs next year. Although market conditions could alter their plans, Nutanix, Okta, Twilio […]
Tourists to Maldives edge up despite recent emergency
Dec 28, 2015 (LBO) – Maldives reported higher tourist arrivals in November despite a recent state of emergency, a media report said. The number of tourists who visited the Maldives last month increased by 0.5 percent to 90,218 from 89,778 in November 2014, statistics published by the tourism ministry showed. A total of 1,114,993 tourists […]